Intangible Assets - Net

3 Months Ended

Mar. 31, 2016

Intangible Assets Disclosure [Text Block]

INTANGIBLE ASSETS — Net



	Weighted Average Life (Years)	March 31, 2016							December 31, 2015
		Gross Carrying Amount		Accumulated Amortization					Gross Carrying Amount		Accumulated Amortization
Intangible Assets		Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net
Lease acquisition costs	19.9	$	90	$	(64	)	$	26	$	604	$	(577	)	$	27
Favorable leases	27.6	43,248		(3,590		)	39,658		43,248		(2,923		)	40,325
Assembled occupancy	0.3	598		(571		)	27		4,779		(4,476		)	303
Facility trade name	30.0	733		(250		)	483		733		(244		)	489
Customer relationships	18.3	5,390		(1,140		)	4,250		5,300		(1,013		)	4,287
Total		$	50,059	$	(5,615	)	$	44,444	$	54,664	$	(9,233	)	$	45,431

Amortization expense was $1,087, and $1,153 for the three months ended March 31, 2016 and 2015, respectively. Of the $1,087 in amortization expense incurred during the three months ended March 31, 2016, approximately $276 related to the amortization of patient base intangible assets at recently acquired facilities, which is typically amortized over a period of four to eight months, depending on the classification of the patients and the level of occupancy in a new acquisition on the acquisition date. In addition, the Company identified intangible assets that have become fully amortized as of March 31, 2016 and removed the fully amortized balances from the gross asset and accumulated amortization amounts.

Estimated amortization expense for each of the years ending December 31 is as follows:



Year	Amount
2016 (remainder)	$	2,293
2017	2,992
2018	2,992
2019	2,992
2020	2,283
2021	2,218
Thereafter	28,674
	$	44,444