Intangible Assets

12 Months Ended

Dec. 31, 2012

6.Intangible Assets

Amortization of definite-lived intangible assets from continuing operations for the years ended December 31, 2012, 2011, 2010 was $1.5 million, $1.5 million and $2.1 million, respectively. The following is a schedule by year of projected amortization expense for definite-lived intangible assets (in thousands):


2013	$	1,516
2014		536
2015		306
2016		265
2017		123
Thereafter		276

The balance in identifiable intangible assets comprises the following (in thousands):


		Gross		Accumulated		Net Book
		Asset		Amortization		Value
December 31, 2012
Referral networks	$	21,729	$	(19,884)	$	1,845
Covenants not to compete		9,446		(8,974)		472
Customer lists		1,224		(1,146)		78
Reaquired franchise rights		1,037		(410)		627
Subtotal - definite-lived intangibles		33,436		(30,414)		3,022
VITAS trade name		51,300		-		51,300
Rapid Rooter trade name		150		-		150
Operating licenses		2,705		-		2,705
Total	$	87,591	$	(30,414)	$	57,177

December 31, 2011
Referral networks	$	21,729	$	(18,647)	$	3,082
Covenants not to compete		9,286		(8,885)		401
Customer lists		1,222		(1,118)		104
Reaquired franchise rights		974		(254)		720
Subtotal - definite-lived intangibles		33,211		(28,904)		4,307
VITAS trade name		51,300		-		51,300
Operating licenses		2,655		-		2,655
Total	$	87,166	$	(28,904)	$	58,262

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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