Intangible Assets

12 Months Ended

Dec. 31, 2023

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6. Intangible Assets

Amortization of definite-lived intangible assets for the years ended December 31, 2023, 2022, and 2021, was $10.1 million, $10.1 million and $10.0 million, respectively. The following is a schedule by year of projected amortization expense for definite-lived intangible assets (in thousands):


2024	$	10,049
2025		10,035
2026		9,688
2027		458
2028		308
Thereafter		1,768

The balance in identifiable intangible assets comprises the following (in thousands):


		Gross		Accumulated		Net Book
		Asset		Amortization		Value
December 31, 2023
Referral networks	$	1,228	$	(413)	$	815
Covenants not to compete		2,476		(2,354)		122
Customer lists		4,746		(2,220)		2,526
Reacquired franchise rights		72,821		(43,978)		28,843
Subtotal - definite-lived intangibles		81,271		(48,965)		32,306
VITAS trade name		51,300		-		51,300
Roto-Rooter trade name		150		-		150
Operating licenses		6,508		-		6,508
Total	$	139,229	$	(48,965)	$	90,264

December 31, 2022
Referral networks	$	22,368	$	(21,458)	$	910
Covenants not to compete		10,141		(9,928)		213
Customer lists		4,746		(2,005)		2,741
Reacquired franchise rights		72,609		(34,325)		38,284
Subtotal - definite-lived intangibles		109,864		(67,716)		42,148
VITAS trade name		51,300		-		51,300
Roto-Rooter trade name		150		-		150
Operating licenses		6,128		-		6,128
Total	$	167,442	$	(67,716)	$	99,726