Intangible Assets and Goodwill

6 Months Ended

Jun. 30, 2022

Goodwill And Intangible Assets Disclosure [Abstract]

NOTE 5. INTANGIBLE ASSETS AND GOODWILL

Intangible assets and Goodwill consist of the following:


(Amounts in 000’s)	Bed licenses (included in property and equipment)(a)			Bed Licenses - Separable (b)		Lease Rights			Total			Goodwill (b)
Balances, December 31, 2021
Gross	$	14,276		$	2,471	$	206		$	16,953		$	1,585
Accumulated amortization		(4,168	)		—		(72	)		(4,240	)		—
Net carrying amount	$	10,108		$	2,471	$	134		$	12,713		$	1,585
Amortization expense		(207	)		—		(12	)		(219	)		—
Balances, June 30, 2022
Gross		14,276			2,471		206			16,953			1,585
Accumulated amortization		(4,375	)		—		(84	)		(4,459	)		—
Net carrying amount	$	9,901		$	2,471	$	122		$	12,494		$	1,585

(a)

Non-separable bed licenses are included in property and equipment as is the related accumulated amortization expense (see Note 4 – Property and Equipment).

(b)

The Company does not amortize indefinite-lived intangibles, which consist of separable bed licenses and goodwill.

The following table summarizes amortization expense for the three and six months ended June 30, 2022 and 2021:


	Three Months Ended June 30,				Six Months Ended June 30,
(Amounts in 000’s)	2022		2021		2022		2021
Bed licenses	$	104	$	103	$	207	$	207
Lease rights		6		6		12		12
Total amortization expense	$	110	$	109	$	219	$	219

Expected amortization expense for the year ended December 31, for all definite-lived intangibles, for each of the next five years and thereafter is as follows:


(Amounts in 000’s)	Bed Licenses		Lease Rights
2022	$	207	$	12
2023		414		23
2024		414		18
2025		414		18
2026		414		18
Thereafter		8,038		33
Total expected amortization expense	$	9,901	$	122