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Goodwill and Intangible Assets | 9 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | 5. Goodwill and Intangible Assets A summary of the goodwill and related adjustments is provided below:
|  | Hospice |  |  | Personal Care |  |  | Home Health |  |  | Total |
|  | (Amounts in Thousands) |
Goodwill as of December 31, 2022 |  | $ | 397,728 |  |  | $ | 152,688 |  |  | $ | 32,421 |  |  | $ | 582,837 |
Additions for acquisitions |  |  | 23,114 |  |  |  | 601 |  |  |  | 56,204 |  |  |  | 79,919 |
Adjustments to previously recorded goodwill |  |  |  |  |  |  |  |  | 225 |  |  |  | 225 |
Goodwill as of September 30, 2023 |  | $ | 420,842 |  |  | $ | 153,289 |  |  | $ | 88,850 |  |  | $ | 662,981 |
In connection with the acquisition of Coastal Nursecare of Florida, Inc. (“CareStaff”), the Company recognized goodwill in its personal care segment of $0.6 million during the nine months ended September 30, 2023. In connection with the Tennessee Quality Care acquisition, the Company recognized goodwill in its hospice and home health segments of $23.1 million and $56.2 million during the nine months ended September 30, 2023, respectively. The Company’s identifiable intangible assets consist of customer and referral relationships, trade names and trademarks, non-competition agreements and state licenses. Amortization is computed using straight-line and accelerated methods based upon the estimated useful lives of the respective assets, which range from five to twenty-five years. Customer and referral relationships are amortized systematically over the periods of expected economic benefit, which range from five to ten years. The carrying amount and accumulated amortization of each identifiable intangible asset category consisted of the following as of September 30, 2023:
|  | Customer and referral relationships |  |  | Trade names and trademarks |  |  | Non- competition agreements |  |  | State Licenses |  |  | Total |
|  | (Amounts in Thousands) |
Intangible assets with indefinite lives |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 46,328 |  |  | $ | 46,328 |
Intangible assets subject to amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross carrying amount |  |  | 44,672 |  |  |  | 59,567 |  |  |  | 6,785 |  |  |  | 12,670 |  |  |  | 123,694 |
Accumulated amortization |  |  | (39,203 | ) |  |  | (23,104 | ) |  |  | (5,397 | ) |  |  | (8,519 | ) |  |  | (76,223 | )
Intangible assets subject to amortization, net |  |  | 5,469 |  |  |  | 36,463 |  |  |  | 1,388 |  |  |  | 4,151 |  |  |  | 47,471 |
Total intangible assets at September 30, 2023 |  | $ | 5,469 |  |  | $ | 36,463 |  |  | $ | 1,388 |  |  | $ | 50,479 |  |  | $ | 93,799 |
In connection with the Tennessee Quality Care acquisition, the Company recognized a trade name of $2.1 million and indefinite-lived state licenses of $7.6 million in its hospice segment during the nine months ended September 30, 2023. The Company recognized a trade name of $5.4 million and indefinite-lived state licenses of $11.6 million in its home health segment during the nine months ended September 30, 2023. See Note 4 for additional information regarding the acquisition. Amortization expense related to the intangible assets was $1.8 million and $5.3 milli on for the three and nine months ended September 30, 2023, respectively, and $1.8 million and $5.4 million for the three and nine months ended September 30, 2022, respectively. The weighted average remaining useful lives of identifiable intangible assets as of September 30, 2023 was 10.3 years.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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