Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.5.0.2
Intangible Assets
6 Months Ended
Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
4. Intangible Assets

The carrying amount and accumulated amortization of intangible assets as of June 30, 2016 and December 31, 2015, are as follows (in thousands):

 

     June 30, 2016  
     Gross
Assets
     Accumulated
Amortization
     Net  

Nonamortizable intangible assets

        

Trade names

   $ 2,000       $ —         $ 2,000   

Amortizable intangible assets

        

Trade names

     23         23         —     

Physician and customer relationships

     32,865         18,041         14,824   

Physician and customer relationships - Ciscura

     3,393         198         3,195   

Non-competition agreements

     1,094         992         102   

Software

     12,663         929         11,734   
  

 

 

    

 

 

    

 

 

 

Total nonamortizable and amortizable intangible assets

   $ 52,038       $ 20,183       $ 31,855   
  

 

 

    

 

 

    

 

 

 
     December 31, 2015  
     Gross
Assets
     Accumulated
Amortization
     Net  

Nonamortizable intangible assets

        

Trade names

   $ 2,000       $ —         $ 2,000   

Amortizable intangible assets

        

Trade names

     23         15         8   

Physician and customer relationships

     32,865         16,946         15,919   

Physician and customer relationships - Ciscura

     3,393         103         3,290   

Non-competition agreements

     1,094         930         164   

Software

     11,942         1,789         10,153   
  

 

 

    

 

 

    

 

 

 

Total nonamortizable and amortizable intangible assets

   $ 51,317       $ 19,783       $ 31,534   
  

 

 

    

 

 

    

 

 

 

Amortization expense for the three and six months ended June 30, 2016 was $0.9 million and $1.8 million, respectively, compared to $0.7 million and $1.3 million, respectively, for the three and six months ended June 30, 2015. Expected annual amortization expense for intangible assets recorded as of June 30, 2016, is as follows (in thousands):

 

     7/1-12/31/2016      2017      2018      2019      2020      2021 and
thereafter
 

Amortization expense

   $ 3,318       $ 6,383       $ 6,018       $ 4,150       $ 2,590       $ 7,396