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Goodwill and Other Intangible Assets
6 Months Ended
Jun. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets

8.

Goodwill and Other Intangible Assets

Other identifiable intangible assets and related accumulated amortization consisted of the following at June 30, 2022 and December 31, 2021 (in thousands):

 

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

 

June 30,

2022

 

 

December 31,

2021

 

 

June 30,

2022

 

 

December 31,

2021

 

Intangible assets subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-compete agreements

 

$

1,131

 

 

$

1,131

 

 

$

(1,131

)

 

$

(1,131

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets not subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Licenses and accreditations

 

 

11,475

 

 

 

11,600

 

 

 

 

 

 

 

Trade names

 

 

40,435

 

 

 

40,435

 

 

 

 

 

 

 

Certificates of need

 

 

18,304

 

 

 

18,110

 

 

 

 

 

 

 

 

 

 

70,214

 

 

 

70,145

 

 

 

 

 

 

 

Total

 

$

71,345

 

 

$

71,276

 

 

$

(1,131

)

 

$

(1,131

)

 

All of the Company’s definite-lived intangible assets are fully amortized. The Company’s licenses and accreditations, trade names and certificate of need intangible assets have indefinite lives and are, therefore, not subject to amortization.

 

 

The following table summarizes changes in goodwill for 2022 (in thousands):

 

Balance at December 31, 2021

$

2,199,937

 

Adjustments related to 2021 acquisition

 

1,051

 

Increase from contribution of redeemable noncontrolling interests

 

4,319

 

Balance at June 30, 2022

$

2,205,307