Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Intangible Assets

v3.20.1
Note 6 - Intangible Assets
 3 Months Ended
Mar. 31, 2020
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]
6
.       
Intangible Assets
 
The carrying amount and accumulated amortization of intangible assets consisted of the following (in thousands):
 
   
March 31, 2020
    
December 31, 2019
  
   
Gross
Assets
    
Accumulated
Amortization
    
Net
    
Gross
Assets
    
Accumulated
Amortization
    
Net
  
Nonamortizable intangible assets:
                                                
Trade names
   $
2,000
     $
-
     $
2,000
     $
2,000
     $
-
     $
2,000
  
Amortizable intangible assets:
                                                
Trade names
    
23
      
(23
 )    
-
      
23
      
(23
 )    
-
  
Physician and customer relationships
    
36,534
      
(27,143
 )    
9,391
      
36,534
      
(26,550
 )    
9,984
  
Software
    
11,230
      
(8,233
 )    
2,997
      
11,230
      
(7,751
 )    
3,479
  
                                                 
Total nonamortizable and amortizable intangible assets
   $
49,787
     $
(35,399
 )   $
14,388
     $
49,787
     $
(34,324
 )   $
15,463
  
 
Amortization expense for both the
three
months ended
March 31, 2020
and
2019
was
$1.1
million. Expected annual amortization expense for intangible assets recorded as of
March 31, 2020
is as follows (in thousands):
 
   
4/1-12/31/2020
    
2021
    
2022
    
2023
    
2024
    
2025 and thereafter
    
Total
  
                                                         
Amortization expense
   $
3,210
     $
3,930
     $
2,051
     $
548
     $
548
     $
2,101
     $
12,388