v2.4.0.8
Goodwill and Intangible Assets
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9 Months Ended |
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Goodwill And Intangible Assets Disclosure [Abstract] |
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Goodwill and Intangible Assets |
NOTE 3 — GOODWILL AND INTANGIBLE ASSETS
Changes in goodwill by segment are as follows:
C:
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(in thousands)
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Home
Infusion
Therapy |
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Home
Respiratory
Therapy
and Home
Medical
Equipment |
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Total |
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C: C:
Balance, December 31, 2012
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$ |
258,725 |
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$ |
— |
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$ |
258,725 |
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Acquisitions
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— |
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— |
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— |
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Balance, September 30, 2013
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$ |
258,725 |
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$ |
— |
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$ |
258,725 |
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C:
The Company recorded a non-cash impairment charge of $350.0 million
related to intangible assets in the year ended December 31,
2012, of which $270.0 million related to the home respiratory
therapy/home medical equipment reporting unit and $80.0 million
related to the enteral nutrition business, which is part of the
home infusion therapy reporting unit.
Intangible assets consist of the following:
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September 30, 2013 |
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December 31, 2012 |
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(dollars in thousands)
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Average
Life in
Years |
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Gross
Carrying
Amount |
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Accumulated
Amortization |
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Net Book
Value |
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Gross
Carrying
Amount |
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Accumulated
Amortization |
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Impairment
Charge |
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Net Book
Value |
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Intangible assets subject to amortization:
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Capitated relationships
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20.0 |
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$ |
4,400 |
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$ |
(1,473 |
) |
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$ |
2,927 |
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$ |
4,400 |
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$ |
(1,327 |
) |
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— |
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$ |
3,073 |
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Payor relationships
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20.0 |
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11,000 |
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(2,704 |
) |
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8,296 |
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11,000 |
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(2,292 |
) |
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— |
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8,708 |
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Customer list
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0.9 |
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121 |
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(121 |
) |
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— |
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121 |
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(121 |
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— |
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— |
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Subtotal
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15,521 |
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(4,298 |
) |
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11,223 |
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15,521 |
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(3,740 |
) |
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— |
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11,781 |
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Intangible assets not subject to amortization:
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Trade names
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115,000 |
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— |
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115,000 |
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465,000 |
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— |
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(350,000 |
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115,000 |
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Accreditations with commissions
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7,000 |
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— |
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7,000 |
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7,000 |
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— |
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— |
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7,000 |
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Subtotal
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122,000 |
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— |
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122,000 |
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472,000 |
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— |
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(350,000 |
) |
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122,000 |
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Total
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$ |
137,521 |
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$ |
(4,298 |
) |
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$ |
133,223 |
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$ |
487,521 |
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$ |
(3,740 |
) |
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$ |
(350,000 |
) |
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$ |
133,781 |
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Amortization expense amounted to $0.6 million and $1.5 million for
the nine months ended September 30, 2013 and 2012,
respectively. Estimated amortization expense for each of the fiscal
years ending December 31 is presented below:
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Year Ending December 31,
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(in thousands) |
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2013
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$ |
744 |
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2014
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744 |
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2015
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744 |
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2016
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744 |
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2017
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744 |
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Thereafter
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8,060 |
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X |
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- Definition
The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16323-109275
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13854-109267
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267
Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16373-109275
Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16265-109275
Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 42, 43, 44, 45, 46, 47
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.
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