Goodwill & Intangible Assets

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill & Intangible Assets

Goodwill & Intangible Assets

The changes in the carrying value of goodwill by segment for the six months ended June 30, 2023 are as follows (in thousands):

	Device Solutions (a)
Balance as of December 31, 2022	$	3,710
Goodwill acquired	—
Balance as of June 30, 2023	$	3,710
(a) The Patient Services segment had no recorded goodwill during the reported periods.

The carrying amount and accumulated amortization of intangible assets consisted of the following (in thousands):

	June 30, 2023						December 31, 2022
	Gross Assets		Accumulated Amortization		Net		Gross Assets		Accumulated Amortization		Net
Nonamortizable intangible assets
Trade names	$	2,000	$	—	$	2,000	$	2,000	$	—	$	2,000
Amortizable intangible assets:
Trade names	23		(23)		—		23		(23)		—
Physician and customer relationships	38,834		(33,944)		4,890		38,834		(33,594)		5,240
Non-competition agreements	472		(208)		264		472		(161)		311
Unpatented technology	943		(325)		618		943		(258)		685
Software	10,300		(10,130)		170		10,300		(10,100)		200
Total nonamortizable and amortizable intangible assets	$	52,572	$	(44,630)	$	7,942	$	52,572	$	(44,136)	$	8,436

Amortization expense for the three and six months ended June 30, 2023 was $0.2 million and $0.5 million, respectively, compared to $0.7 million and $1.4 million, respectively, for the same prior year periods. This expense was recorded in “amortization of intangibles expenses” for each period. Expected remaining annual amortization expense for the next five years for intangible assets recorded as of June 30, 2023 is as follows (in thousands):

	2023		2024		2025		2026		2027		2028 and thereafter		Total
Amortization expense	$	495	$	990	$	810	$	524	$	471	$	2,652	$	5,942