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Goodwill and Amortizable Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of amortizable Intangible assets

The following table summarizes the Company’s amortizable intangible assets as of December 31, 2022 (dollars in thousands):

 

 

 

Useful Life
(Years)

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Value

 

Health plan contracts

 

15

 

$

39,700

 

 

$

(16,983

)

 

$

22,717

 

Trade names

 

15-30

 

 

20,300

 

 

 

(4,342

)

 

 

15,958

 

Provider networks

 

10-15

 

 

8,400

 

 

 

(3,593

)

 

 

4,807

 

Noncompete enforcement agreements

 

1-5

 

 

59,669

 

 

 

(36,100

)

 

 

23,569

 

Other

 

4-15

 

 

2,700

 

 

 

(2,071

)

 

 

629

 

 

 

 

 

$

130,769

 

 

$

(63,089

)

 

$

67,680

 

 

The following table summarizes the Company’s amortizable intangible assets as of December 31, 2021 (dollars in thousands):

 

 

 

Useful Life
(Years)

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Value

 

Health plan contracts

 

15

 

$

39,700

 

 

$

(14,336

)

 

$

25,364

 

Trade names

 

15-30

 

 

20,300

 

 

 

(3,665

)

 

 

16,635

 

Provider networks

 

10-15

 

 

8,400

 

 

 

(3,033

)

 

 

5,367

 

Noncompete enforcement agreements

 

2-5

 

 

37,599

 

 

 

(30,355

)

 

 

7,244

 

Other

 

4-15

 

 

2,700

 

 

 

(1,912

)

 

 

788

 

 

 

 

 

$

108,699

 

 

$

(53,301

)

 

$

55,398

 

Summary of estimated annual amortization

The following table summarizes the estimated annual amortization for each of the five succeeding fiscal years and thereafter as of December 31, 2022 (in thousands):

 

Year

 

Amount

 

2023

 

$

8,800

 

2024

 

 

7,777

 

2025

 

 

7,162

 

2026

 

 

6,905

 

2027

 

 

6,359

 

Thereafter

 

 

30,677

 

 

 

$

67,680