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GOODWILL AND OTHER INTANGIBLE ASSETS
6 Months Ended
Jun. 30, 2018
GOODWILL AND OTHER INTANGIBLE ASSETS  
GOODWILL AND OTHER INTANGIBLE ASSETS

 

NOTE F — GOODWILL AND OTHER INTANGIBLE ASSETS

 

We assess goodwill and indefinite lived intangible assets for impairment annually on October 1st, and between annual tests if an event occurs, or circumstances change, that would more likely than not reduce the fair value of a reporting unit below its carrying value.

 

The carrying value of goodwill at June 30, 2018 and December 31, 2017 was $196.3 million and related to our Patient Care segment.

 

The balances related to intangible assets as of June 30, 2018 and December 31, 2017 are as follows:

 

 

 

As of June 30, 2018

 

As of December 31, 2017

 

(in thousands)

 

Gross 
Carrying 
Amount

 

Accumulated
Amortization

 

Accumulated
Impairment

 

Net 
Carrying 
Amount

 

Gross 
Carrying 
Amount

 

Accumulated
Amortization

 

Accumulated
Impairment

 

Net 
Carrying
Amount

 

Customer lists

 

$

30,976

 

$

(21,914

)

$

 

$

9,062

 

$

36,439

 

$

(24,267

)

$

 

$

12,172

 

Other intangible assets

 

15,005

 

(10,222

)

 

4,783

 

15,820

 

(10,352

)

 

5,468

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Definite-lived intangible assets

 

45,981

 

(32,136

)

 

13,845

 

52,259

 

(34,619

)

 

17,640

 

Indefinite life - trade name

 

9,070

 

 

(4,770

)

4,300

 

9,070

 

 

(4,770

)

4,300

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total other intangible assets

 

$

55,051

 

$

(32,136

)

$

(4,770

)

$

18,145

 

$

61,329

 

$

(34,619

)

$

(4,770

)

$

21,940

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total intangible amortization expense was approximately $1.8 million and $2.4 million for the three months ended June 30, 2018 and 2017, respectively and $3.8 million and $4.9 million for the six months ended June 30, 2018 and 2017, respectively.

 

Estimated aggregate amortization expense for definite lived intangible assets for each of the next five years ended December 31st and thereafter is as follows:

 

(in thousands)

 

 

 

2018 (remainder of year)

 

$

2,944

 

2019

 

3,762

 

2020

 

3,509

 

2021

 

927

 

2022

 

860

 

Thereafter

 

1,843

 

 

 

 

 

Total

 

$

13,845