Basis of Presentation and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Property and Equipment

The approximate useful life of each class of property and equipment is as follows:

Equipment	3 - 5 years
Furniture & fixtures	5 - 7 years
Automobiles	3 - 5 years
Software	3 - 5 years
Buildings	40 years
Leasehold improvements	Lesser of lease term or estimated useful lives of the assets (generally 5 - 15 years)

Property and equipment consisted of the following at December 31, 2021 and December 31, 2020 (in thousands):

	December 31, 2021		December 31, 2020
Equipment	$	36,278	$	32,978
Furniture and fixtures	17,141		17,247
Leasehold improvements	183,542		162,853
Automobiles	19		19
Computer equipment and software	95,362		77,390
Construction-in-progress	3,793		9,594
	336,135		300,081
Accumulated depreciation and amortization	(196,405)		(162,907)
Property and equipment, net	$	139,730	$	137,174

The following table presents the amount of depreciation expense recorded in rent, clinic supplies, contract labor and other and selling, general and administrative expenses in the Company’s consolidated statements of operations for the periods indicated below (in thousands):

	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019
Rent, clinic supplies, contract labor and other	$	26,664	$	25,409	$	25,007
Selling, general and administrative expenses	10,873		14,101		15,112
Total depreciation expense	$	37,537	$	39,510	$	40,119

Schedule of Carrying Amounts of Indefinite-Lived Intangible Assets

The approximate useful life of each class of intangible asset is as follows:

ATI Physical Therapy trade name/trademarks	Indefinite
Non-compete agreements	2 - 5 years
Other intangible assets	15 years

The table below summarizes the Company’s carrying amount of trade name and other intangible assets at December 31, 2021 and December 31, 2020 (in thousands):

	December 31, 2021		December 31, 2020
Gross intangible assets:
ATI trade name (1)	$	409,360	$	643,700
Non-compete agreements	2,405		4,678
Other intangible assets	640		640
Accumulated amortization:
Accumulated amortization – non-compete agreements	(425)		(4,437)
Accumulated amortization – other intangible assets	(284)		(242)
Total trade name and other intangible assets, net	$	411,696	$	644,339

(1) Not subject to amortization. The Company recorded $234.3 million of impairment charges related to the trade name indefinite-lived intangible asset during year ended December 31, 2021.

Schedule of Carrying Amounts of Finite-Lived Intangible Assets

The approximate useful life of each class of intangible asset is as follows:

ATI Physical Therapy trade name/trademarks	Indefinite
Non-compete agreements	2 - 5 years
Other intangible assets	15 years

The table below summarizes the Company’s carrying amount of trade name and other intangible assets at December 31, 2021 and December 31, 2020 (in thousands):

	December 31, 2021		December 31, 2020
Gross intangible assets:
ATI trade name (1)	$	409,360	$	643,700
Non-compete agreements	2,405		4,678
Other intangible assets	640		640
Accumulated amortization:
Accumulated amortization – non-compete agreements	(425)		(4,437)
Accumulated amortization – other intangible assets	(284)		(242)
Total trade name and other intangible assets, net	$	411,696	$	644,339

(1) Not subject to amortization. The Company recorded $234.3 million of impairment charges related to the trade name indefinite-lived intangible asset during year ended December 31, 2021.