XML 98 R16.htm IDEA: XBRL DOCUMENT v3.19.3
Goodwill and Other Intangible Assets
9 Months Ended
Sep. 30, 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 as of 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 Nine Months Ended September 30, 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

 

 

30,112

 

 

 —

 

 

30,112

 

 

 —

 

 

 —

 

 

 —

 

 

30,112

 

 

 —

 

 

30,112

  Measurement period adjustments (1)

 

 

(2,506)

 

 

 —

 

 

(2,506)

 

 

 —

 

 

 —

 

 

 —

 

 

(2,506)

 

 

 —

 

 

(2,506)

As of September 30, 2019

 

$

655,016

 

$

(428,668)

 

$

226,348

 

$

139,299

 

$

(139,299)

 

$

 —

 

$

794,315

 

$

(567,967)

 

$

226,348


(1) Measurement period adjustments relate to 2019 and 2018 acquisitions of approximately $2.2 million and $0.3 million, respectively, and are primarily attributable to adjustments to the preliminary allocations of customer relationship intangibles.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 September 30, 2019 and December 31, 2018 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of September 30, 2019

 

    

 

    

 

 

    

 

    

    

 

 

 

Gross Carrying

 

Accumulated

 

Accumulated

 

Net Carrying

(in thousands)

 

Amount

 

Amortization

 

Impairment

 

Amount

Customer lists

 

$

31,525

 

$

(21,622)

 

$

 —

 

$

9,903

Trade name

 

 

255

 

 

(145)

 

 

 —

 

 

110

Patents and other intangibles

 

 

9,238

 

 

(5,383)

 

 

 —

 

 

3,855

Definite-lived intangible assets

 

 

41,018

 

 

(27,150)

 

 

 —

 

 

13,868

Indefinite-lived trade names

 

 

9,070

 

 

 —

 

 

(4,953)

 

 

4,117

Total other intangible assets

 

$

50,088

 

$

(27,150)

 

$

(4,953)

 

$

17,985

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 $1.6 million and $3.9 million for the three and nine months ended September 30, 2019 and $1.5 million and $5.3 million for the three and nine months ended September 30, 2018.

 

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)

 

$

1,229

2020

 

 

4,836

2021

 

 

2,252

2022

 

 

2,185

2023

 

 

2,036

Thereafter

 

 

1,330

Total

 

$

13,868