Selected Financial Statement Information

12 Months Ended

Dec. 31, 2011

Selected Financial Statement Information

Selected Financial Statement Information

6. Selected Financial Statement Information

Property and Equipment

        Our property and equipment at December 31, consists of the following:

(in thousands)	2011			2010
Medical Equipment	$	491,629		$	413,975
Less: Accumulated depreciation		(255,742	)		(207,133	)
Medical equipment, net		235,887			206,842
Leasehold improvements		11,181			7,386
Office equipment and vehicles		47,221			38,778
		58,402			46,164
Less: Accumulated depreciation and amortization		(29,942	)		(25,402	)
Property and office equipment, net		28,460			20,762
Total property and equipment, net	$	264,347		$	227,604
Property and equipment financed under capital leases, net	$	18,134		$	11,944

Other Intangible Assets and Goodwill

        Our other intangible assets and goodwill as of December 31, 2011 and 2010, by reporting segment, consist of the following:

(in thousands)	Customer Relationships			Supply Agreement			Technology Databases			Non-Compete Agreements			Favorable Lease Agreements			Trade Names			Goodwill
Medical Equipment Outsourcing
Balance at January 1, 2010	$	51,071		$	20,833		$	—		$	83		$	—		$	143,000		$	205,953
Amortization		(8,929	)		(2,678	)		—			(18	)		—			—			—
Balance at December 31, 2010		42,142			18,155			—			65			—			143,000			205,953
Acquisition of the former Emergent Group Inc.		17,669			—			217			—			—			4,264			39,686
Other Acquisitions		3,600			—			—			140			—			—			6,014
Amortization		(10,002	)		(2,905	)		(54	)		(27	)		—			(4,264	)		—
Balance at December 31, 2011		53,409			15,250			163			178			—			143,000			251,653
Technical and Professional Services
Balance at January 1, 2010		7,212			—			—			—			—			23,000			55,655
Amortization		(692	)		—			—			—			—			—			—
Balance at December 31, 2010		6,520			—			—			—			—			23,000			55,655
Amortization		(692	)		—			—			—			—			—			—
Balance at December 31, 2011		5,828			—			—			—			—			23,000			55,655
Sales and Remarketing
Balance at January 1, 2010		—			—			—			—			—			—			18,603
Amortization		—			—			—			—			—			—			—
Balance at December 31, 2010		—			—			—			—			—			—			18,603
Amortization		—			—			—			—			—			—			—
Balance at December 31, 2011		—			—			—			—			—			—			18,603
Corporate and Unallocated
Balance at January 1, 2010		—			—			3,383			—			71			—			—
Amortization		—			—			(1,400	)		—			(21	)
Balance at December 31, 2010		—			—			1,983			—			50			—			—
Amortization		—						(1,400	)		—			(21	)
Balance at December 31, 2011		—			—			583			—			29			—			—
Total
Balance at January 1, 2010		58,283			20,833			3,383			83			71			166,000			280,211
Amortization		(9,621	)		(2,678	)		(1,400	)		(18	)		(21	)		—			—
Balance at December 31, 2010		48,662			18,155			1,983			65			50			166,000			280,211
Acquisition of the former Emergent Group Inc.		17,669			—			217			—			—			4,264			39,686
Other Acquisitions		3,600			—			—			140			—			—			6,014
Amortization		(10,694	)		(2,905	)		(1,454	)		(27	)		(21	)		(4,264	)		—
Balance at December 31, 2011	$	59,237		$	15,250		$	746		$	178		$	29		$	166,000		$	325,911

        Total amortization expense related to intangible assets was approximately $19.4, $13.7 and $14.3 million for the years ended December 31, 2011, 2010 and 2009, respectively.

        As of December 31, 2011, management performed its required annual testing of impairment of goodwill as well as indefinite-lived medical equipment outsourcing and technical and professional services trade names. Fair values were estimated using estimates, judgments, and assumptions (see Note 2, Significant Accounting Policies) that management believes were appropriate in the circumstances. There is no aggregate goodwill impairment for any of the periods presented in our consolidated financial statements.

        During the fourth quarter of 2011, the Company implemented a rebranding strategy with respect to its laser surgical services business whereby the Company changed the legal name of PRI Medical Technologies, Inc. to UHS Surgical Services, Inc. and ceased using the PRI Medical trade name as of December 31, 2011 (see Note 3, Acquisitions). Accordingly, management determined in the fourth quarter of 2011 that it was appropriate to change the estimated remaining useful life of the PRI Medical trade name from 114 months to 3 months. As a result, the remaining book value of this trade name of $4.1 million was amortized during the fourth quarter of 2011.

        At December 31, 2011, future estimated amortization expense related to intangible assets for each of the years ended December 31, 2011 to 2016 and thereafter is estimated as follows:

(in thousands)
2012	$	14,336
2013		12,890
2014		11,971
2015		11,066
2016		9,960
Thereafter		15,217
	$	75,440

        Future amortization expense is an estimate. Actual amounts may change due to additional intangible asset acquisitions, impairment, accelerated amortization or other events.