Intangible Assets, Net

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

Intangible Assets, Net

At September 30, 2020, the Company’s intangible assets, net, consisted of the following (in thousands):

	Useful Life (Years)	Gross September 30, 2020		Accumulated Amortization		Net September 30, 2020
Amortized intangible assets:
Network relationships	11-15	$	143,930	$	(70,200)	$	73,730
Management contracts	15	22,832		(11,225)		11,607
Member relationships	12	6,696		(3,013)		3,683
Patient management platform	5	2,060		(1,167)		893
Trade names/trademarks	20	1,011		(143)		868
		$	176,529	$	(85,748)	$	90,781

At December 31, 2019, the Company’s intangible assets, net, consisted of the following (in thousands):

	Useful Life (Years)	Gross December 31, 2019		Accumulated Amortization		Net December 31, 2019
Amortized intangible assets:
Network relationships	11-15	$	143,930	$	(60,526)	$	83,404
Management contracts	15	22,832		(9,676)		13,156
Member relationships	12	6,696		(2,352)		4,344
Patient management platform	5	2,060		(858)		1,202
Trade names/trademarks	20	1,011		(105)		906
		$	176,529	$	(73,517)	$	103,012

Included in depreciation and amortization on the accompanying consolidated statements of income is amortization expense of $4.0 million and $4.3 million for the three months ended September 30, 2020 and 2019, respectively, and $12.3 million and $12.1 million for the nine months ended September 30, 2020 and 2019, respectively.

Future amortization expense is estimated to be as follows for the following years ending December 31 (in thousands):

	Amount
2020 (excluding the nine months ended September 30, 2020)	$	3,798
2021	14,524
2022	12,673
2023	10,842
2024	9,830
Thereafter	39,114
Total	$	90,781