Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangibles, Net (Tables)

v3.19.3.a.u2
Goodwill and Other Intangibles, Net (Tables)
12 Months Ended
Dec. 31, 2019
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, 2019 and 2018 (amounts in thousands):
 
 
Home Health
 
Hospice
 
Home and community-
based
 
Facility-based
 
Healthcare Innovations
 
Total
Goodwill
 
 
 
 
 
 
 
 
 
 
 
 
Balance as of December 31, 2017
 
$
261,456

 
$
88,814

 
$
28,541

 
$
13,790

 
$

 
$
392,601

Acquisitions
 
558,628

 
29,263

 
137,042

 

 
40,755

 
765,688

Noncontrolling interests
 
3,297

 
506

 

 

 

 
3,803

Adjustments and disposals
 
(779
)
 

 

 
404

 

 
(375
)
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

Intangibles Assets
 
 
 
 
 
 
 
 
 
 
 
 
Balance as of December 31, 2017
 
$
88,078

 
$
31,955

 
$
9,533

 
$
5,045

 
$

 
$
134,611

Acquisitions
 
130,055

 
5,453

 
14,420

 

 
16,892

 
166,820

Amortization
 
(1,636
)
 
(398
)
 
(5
)
 
(97
)
 

 
(2,136
)
Adjustments and disposals
 
(1,115
)
 

 

 
(801
)
 

 
(1,916
)
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

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, 2019 and 2018 (amounts in thousands):
 
 
2019
 
2018
Indefinite-lived intangible assets:
 
 
 
 
  Trade Names
 
$
163,499

 
$
156,049

  Certificates of Need/Licenses
 
129,689

 
128,577

  Net total
 
$
293,188

 
$
284,626

 
 
 
 
 
Definite-lived intangible assets:
 
 
 
 
  Trade Names
 
 
 
 
Gross carrying amount
 
$
10,182

 
$
10,127

Accumulated amortization
 
(9,229
)
 
(8,817
)
Net total
 
$
953

 
$
1,310

Non-compete agreements
 
 
 
 
Gross carrying amount
 
$
6,795

 
$
5,980

Accumulated amortization
 
(5,991
)
 
(5,729
)
Net total
 
$
804

 
$
251

Customer relationships
 
 
 
 
Gross carrying amount
 
$
11,822

 
$
11,822

Accumulated amortization
 
(1,211
)
 
(630
)
Net total
 
$
10,611

 
$
11,192

Total definite-lived intangible assets
 
 
 
 
Gross carrying amount
 
$
28,799

 
$
27,929

Accumulated amortization
 
(16,431
)
 
(15,176
)
Net total
 
$
12,368


$
12,753

 
 
 
 
 
Total intangible assets:
 
 
 
 
Gross carrying amount
 
$
321,987

 
$
312,555

Accumulated amortization
 
(16,431
)
 
(15,176
)
Net total
 
$
305,556

 
$
297,379

Schedule of Intangible Asset Future Amortization Expense
The estimated intangible asset amortization expense for each of the five years subsequent to December 31, 2019 is as follows (amounts in thousands):
Year
 
Amortization amount
2020
 
$
1,179

2021
 
1,012

2022
 
819

2023
 
687

2024
 
687

Total
 
$
4,384