Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangibles, Net (Tables)

v3.20.4
Goodwill and Other Intangibles, Net (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill and Other Intangibles
The following table summarizes changes in goodwill and other intangibles assets by segment during the twelve months ended December 31, 2020 and 2019 (amounts in thousands):
Home Health
Hospice
Home and community-
based
Facility-based
HCI
Total
Goodwill
Balance as of December 31, 2018 $ 822,602  $ 118,583  $ 165,583  $ 14,194  $ 40,755  $ 1,161,717 
Acquisitions 40,237  6,726  551  938  —  48,452 
Noncontrolling interests 4,489  2,351  —  550  —  7,390 
Adjustments and disposals 596  1,215  495  —  107  2,413 
Balance as of December 31, 2019 $ 867,924  $ 128,875  $ 166,629  $ 15,682  $ 40,862  $ 1,219,972 
Acquisitions 12,025  21,025  134  88  —  33,272 
Noncontrolling interests 4,695  2,122  10  —  —  6,827 
Adjustments and disposals (644) (280) —  —  —  (924)
Balance as of December 31, 2020 $ 884,000  $ 151,742  $ 166,773  $ 15,770  $ 40,862  $ 1,259,147 
Intangibles Assets
Balance as of December 31, 2018 $ 215,382  $ 37,010  $ 23,948  $ 4,147  $ 16,892  $ 297,379 
Acquisitions 12,537  2,452  154  1,202  —  16,345 
Amortization (436) (154) (4) (32) (629) (1,255)
Adjustments and disposals (7,611) 1,282  (2) —  (582) (6,913)
Balance as of December 31, 2019 $ 219,872  $ 40,590  $ 24,096  $ 5,317  $ 15,681  $ 305,556 
Acquisitions 7,193  4,212  127  —  —  11,532 
Amortization (556) (70) (15) (6) (581) (1,228)
Adjustments and disposals (505) —  —  —  —  (505)
Balance as of December 31, 2020 $ 226,004  $ 44,732  $ 24,208  $ 5,311  $ 15,100  $ 315,355 
Schedule of Acquired Finite and Indefinite Lived Intangible Assets by Major Class Table
The following tables summarize the changes in intangible assets during the twelve months ended December 31, 2020 and 2019 (amounts in thousands):
2020 2019
Indefinite-lived intangible assets:
  Trade Names $ 168,700  $ 163,499 
  Certificates of Need/Licenses 135,013  129,689 
  Net total $ 303,713  $ 293,188 
Definite-lived intangible assets:
  Trade Names
Gross carrying amount $ 10,212  $ 10,182 
Accumulated amortization (9,480) (9,229)
Net total $ 732  $ 953 
Non-compete agreements
Gross carrying amount $ 7,267  $ 6,795 
Accumulated amortization (6,387) (5,991)
Net total $ 880  $ 804 
Customer relationships
Gross carrying amount $ 11,822  $ 11,822 
Accumulated amortization (1,792) (1,211)
Net total $ 10,030  $ 10,611 
Total definite-lived intangible assets
Gross carrying amount $ 29,301  $ 28,799 
Accumulated amortization (17,659) (16,431)
Net total $ 11,642  $ 12,368 
Total intangible assets:
Gross carrying amount $ 333,014  $ 321,987 
Accumulated amortization (17,659) (16,431)
Net total $ 315,355  $ 305,556 
Schedule of Intangible Asset Future Amortization Expense
The estimated intangible asset amortization expense for each of the five years subsequent to December 31, 2020 is as follows (amounts in thousands):
Year Amortization amount
2021 $ 1,187 
2022 993 
2023 831 
2024 687 
2025 687 
Total $ 4,385