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GOODWILL AND OTHER INTANGIBLE ASSETS
3 Months Ended
Mar. 31, 2019
GOODWILL AND OTHER INTANGIBLE ASSETS  
GOODWILL AND OTHER INTANGIBLE ASSETS

NOTE H — 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 following table summarizes the activity in goodwill for the periods indicated:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended March 31, 2019

 

 

Patient Care

 

Products & Services

 

Consolidated

 

 

Goodwill,

 

Accumulated

 

Goodwill,

 

Goodwill,

 

Accumulated

 

Goodwill,

 

Goodwill,

 

Accumulated

 

Goodwill,

(in thousands)

    

Gross

    

Impairment

    

Net

    

Gross

    

Impairment

    

Net

    

Gross

    

Impairment

    

Net

As of December 31, 2018

 

$

627,410

 

$

(428,668)

 

 

198,742

 

$

139,299

 

$

(139,299)

 

 

 —

 

$

766,709

 

$

(567,967)

 

 

198,742

Additions from acquisitions

 

 

27,890

 

 

 —

 

 

27,890

 

 

 —

 

 

 —

 

 

 —

 

 

27,890

 

 

 —

 

 

27,890

As of March 31, 2019

 

$

655,300

 

$

(428,668)

 

$

226,632

 

$

139,299

 

$

(139,299)

 

$

 —

 

$

794,599

 

$

(567,967)

 

$

226,632

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Year Ended December 31, 2018

 

 

Patient Care

 

Products & Services

 

Consolidated

 

 

Goodwill,

 

Accumulated

 

Goodwill,

 

Goodwill,

 

Accumulated

 

Goodwill,

 

Goodwill,

 

Accumulated

 

Goodwill,

(in thousands)

    

Gross

    

Impairment

    

Net

    

Gross

    

Impairment

    

Net

    

Gross

    

Impairment

    

Net

As of December 31, 2017

 

$

625,011

 

$

(428,668)

 

$

196,343

 

$

139,299

 

$

(139,299)

 

$

 —

 

$

764,310

 

$

(567,967)

 

$

196,343

Additions from acquisitions

 

 

2,399

 

 

 —

 

 

2,399

 

 

 —

 

 

 —

 

 

 —

 

 

2,399

 

 

 —

 

 

2,399

As of December 31, 2018

 

$

627,410

 

$

(428,668)

 

$

198,742

 

$

139,299

 

$

(139,299)

 

$

 —

 

$

766,709

 

$

(567,967)

 

$

198,742

 

The balances related to intangible assets as of March 31, 2019 and December 31, 2018 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of March 31, 2019

 

 

Gross Carrying

 

Accumulated

 

Accumulated

 

Net Carrying

(in thousands)

 

Amount

 

Amortization

 

Impairment

 

Amount

Customer lists

 

$

27,420

 

$

(19,443)

 

$

 —

 

$

7,977

Trade name

 

 

255

 

 

(132)

 

 

 —

 

 

123

Patents and other intangibles

 

 

9,238

 

 

(5,040)

 

 

 —

 

 

4,198

Definite-lived intangible assets

 

 

36,913

 

 

(24,615)

 

 

 —

 

 

12,298

Indefinite-lived trade names

 

 

9,070

 

 

 —

 

 

(4,953)

 

 

4,117

Total other intangible assets

 

$

45,983

 

$

(24,615)

 

$

(4,953)

 

$

16,415

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2018

 

    

Gross Carrying

    

Accumulated

    

Accumulated

    

Net Carrying

(in thousands)

 

Amount

 

Amortization

 

Impairment

 

Amount

Customer lists

 

$

26,036

 

$

(19,051)

 

$

 —

 

$

6,985

Trade name

 

 

255

 

 

(125)

 

 

 —

 

 

130

Patents and other intangibles

 

 

9,391

 

 

(5,145)

 

 

 —

 

 

4,246

Definite-lived intangible assets

 

 

35,682

 

 

(24,321)

 

 

 —

 

 

11,361

Indefinite-lived trade names

 

 

9,070

 

 

 —

 

 

(4,953)

 

 

4,117

Total other intangible assets

 

$

44,752

 

$

(24,321)

 

$

(4,953)

 

$

15,478

 

Total intangible amortization expense was approximately $1.2 million and $2.0 million for the three months ended March 31, 2019 and 2018, 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)

    

 

 

2019 (remainder of the year)

 

$

3,652

2020

 

 

4,601

2021

 

 

1,118

2022

 

 

964

2023

 

 

855

Thereafter

 

 

1,108

Total

 

$

12,298