Intangible Assets

12 Months Ended

Dec. 31, 2024

6. Intangible Assets

Amortization of definite-lived intangible assets for the years ended December 31, 2024, 2023 and 2022, was $10.2 million, $10.1 million and $10.1 million, respectively. The following is a schedule by year of projected amortization expense for definite-lived intangible assets (in thousands):


2025	$	10,268
2026		9,921
2027		616
2028		412
2029		238
Thereafter		1,555

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


		Gross		Accumulated		Net Book
		Asset		Amortization		Value
December 31, 2024
Referral networks	$	1,228	$	(507)	$	721
Covenants not to compete		2,579		(2,422)		157
Customer lists		4,744		(2,433)		2,311
Reacquired franchise rights		73,605		(53,785)		19,820
Subtotal - definite-lived intangibles		82,156		(59,147)		23,009
VITAS trade name		51,300		-		51,300
Roto-Rooter trade name		150		-		150
Operating licenses		17,747		-		17,747
Total	$	151,353	$	(59,147)	$	92,206

December 31, 2023
Referral networks	$	1,228	$	(413)	$	815
Covenants not to compete		2,476		(2,354)		122
Customer lists		4,746		(2,220)		2,526
Reacquired franchise rights		72,821		(43,978)		28,843
Subtotal - definite-lived intangibles		81,271		(48,965)		32,306
VITAS trade name		51,300		-		51,300
Roto-Rooter trade name		150		-		150
Operating licenses		6,508		-		6,508
Total	$	139,229	$	(48,965)	$	90,264