v3.22.2
Goodwill and Intangibles (Tables)
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6 Months Ended |
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Goodwill and Intangible Assets Disclosure [Abstract] |
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Schedule of Changes in Recorded Goodwill by Reporting Unit |
The changes in recorded goodwill and intangible assets by reporting unit for the six months ended June 30, 2022 were as follows (amounts in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Home health reporting unit | | Hospice reporting unit | | Home and community-based services reporting unit | | Facility-based reporting unit | | HCI reporting unit | | Total | Goodwill: | | | | | | | | | | | | Balance as of December 31, 2021 | $ | 968,435 | | | $ | 556,332 | | | $ | 167,027 | | | $ | 15,770 | | | $ | 40,862 | | | $ | 1,748,426 | | Net working capital adjustments | — | | | 1,440 | | | — | | | — | | | — | | | 1,440 | | Acquisitions | 2,190 | | | — | | | — | | | — | | | — | | | 2,190 | | Noncontrolling interests | 504 | | | — | | | — | | | — | | | — | | | 504 | | Disposals | (440) | | | (690) | | | — | | | — | | | — | | | (1,130) | | Balance as of June 30, 2022 | $ | 970,689 | | | $ | 557,082 | | | $ | 167,027 | | | $ | 15,770 | | | $ | 40,862 | | | $ | 1,751,430 | | Intangible assets: | | | | | | | | | | | | Balance as of December 31, 2021 | $ | 237,979 | | | $ | 117,340 | | | $ | 24,245 | | | $ | 5,919 | | | $ | 14,519 | | | $ | 400,002 | | Acquisitions | 810 | | | — | | | — | | | — | | | — | | | 810 | | Amortization | (1,193) | | | (985) | | | (6) | | | (275) | | | (291) | | | (2,750) | | Disposals | (490) | | | (397) | | | (54) | | | — | | | — | | | (941) | | Balance as of June 30, 2022 | $ | 237,106 | | | $ | 115,958 | | | $ | 24,185 | | | $ | 5,644 | | | $ | 14,228 | | | $ | 397,121 | |
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Schedule of Changes in Intangible Assets, Indefinite |
The following tables summarize the changes in intangible assets during the six months ended June 30, 2022 and December 31, 2021 (amounts in thousands): | | | | | | | | | | | | | 2022 | | 2021 | Indefinite-lived intangible assets: | | | | Trade names | $ | 208,233 | | | $ | 207,780 | | Certificates of need/licenses | 173,371 | | | 173,955 | | Net total | $ | 381,604 | | | $ | 381,735 | | | | | | Definite-lived intangible assets: | | | | Trade names | | | | Gross carrying amount | $ | 11,073 | | | $ | 11,073 | | Accumulated amortization | (10,410) | | | (9,606) | | Net total | $ | 663 | | | $ | 1,467 | | Non-compete agreements | | | | Gross carrying amount | $ | 14,524 | | | $ | 14,524 | | Accumulated amortization | (8,828) | | | (7,172) | | Net total | $ | 5,696 | | | $ | 7,352 | | Customer relationships | | | | Gross carrying amount | $ | 11,822 | | | $ | 11,822 | | Accumulated amortization | (2,664) | | | (2,374) | | Net total | $ | 9,158 | | | $ | 9,448 | | Total definite-lived intangible assets | | | | Gross carrying amount | $ | 37,419 | | | $ | 37,419 | | Accumulated amortization | (21,902) | | | (19,152) | | Net total | $ | 15,517 | | | $ | 18,267 | | | | | | Total intangible assets: | | | | Gross carrying amount | $ | 419,023 | | | $ | 419,154 | | Accumulated amortization | (21,902) | | | (19,152) | | Net total | $ | 397,121 | | | $ | 400,002 | |
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Schedule of Changes in Intangible Assets, Finite |
The following tables summarize the changes in intangible assets during the six months ended June 30, 2022 and December 31, 2021 (amounts in thousands): | | | | | | | | | | | | | 2022 | | 2021 | Indefinite-lived intangible assets: | | | | Trade names | $ | 208,233 | | | $ | 207,780 | | Certificates of need/licenses | 173,371 | | | 173,955 | | Net total | $ | 381,604 | | | $ | 381,735 | | | | | | Definite-lived intangible assets: | | | | Trade names | | | | Gross carrying amount | $ | 11,073 | | | $ | 11,073 | | Accumulated amortization | (10,410) | | | (9,606) | | Net total | $ | 663 | | | $ | 1,467 | | Non-compete agreements | | | | Gross carrying amount | $ | 14,524 | | | $ | 14,524 | | Accumulated amortization | (8,828) | | | (7,172) | | Net total | $ | 5,696 | | | $ | 7,352 | | Customer relationships | | | | Gross carrying amount | $ | 11,822 | | | $ | 11,822 | | Accumulated amortization | (2,664) | | | (2,374) | | Net total | $ | 9,158 | | | $ | 9,448 | | Total definite-lived intangible assets | | | | Gross carrying amount | $ | 37,419 | | | $ | 37,419 | | Accumulated amortization | (21,902) | | | (19,152) | | Net total | $ | 15,517 | | | $ | 18,267 | | | | | | Total intangible assets: | | | | Gross carrying amount | $ | 419,023 | | | $ | 419,154 | | Accumulated amortization | (21,902) | | | (19,152) | | Net total | $ | 397,121 | | | $ | 400,002 | |
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- DefinitionTabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.
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- DefinitionTabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.
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- DefinitionTabular disclosure of characteristics and cost, by total and major class, of indefinite-lived intangible assets acquired as part of a business combination. Indefinite-lived intangible assets are assets that have no physical form, but have expected future economic benefit. The future benefit is not expected to diminish over a stated period of time. Acquired indefinite-lived intangible assets are disclosed by major class (assets that can be grouped together because they are similar, either by their nature or by their use in operations of the entity) and in total.
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