XML 25 R13.htm IDEA: XBRL DOCUMENT
v3.22.4

Goodwill and Other Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Note 5 — Goodwill and Other Intangible Assets Goodwill Goodwill represents the excess of the purchase price over the fair value of net assets of acquired businesses. Goodwill is not amortized but is evaluated for impairment on an annual basis or more frequently if impairment indicators arise. To date, the Company has not recognized an impairment of its goodwill. The following table sets forth the amounts of goodwill by reportable segment, as described in Note 14 — Segment Information, as of December 31, 2022 and 2021:
| December 31, 2021 |  | Acquisitions 1 |  | December 31, 2022
| (in thousands)
Housekeeping | $ | 42,377 |  |  | $ | — |  |  | $ | 42,377 |
Dietary | 32,378 |  |  | 774 |  |  | 33,152 |
Total Goodwill | $ | 74,755 |  |  | $ | 774 |  |  | $ | 75,529 |
1.During the year ended December 31, 2022, the Company’s goodwill increased $0.7 million due to a measurement period adjustment pertaining to a prior period acquisition. The Company finalized the acquisition accounting for this transaction in 2022. Intangible Assets The Company’s other intangible assets were obtained through acquisitions and are recorded at their fair values at the date of acquisition. The following table sets forth the amounts of other intangible assets as of December 31, 2022 and 2021:
| December 31, 2022 |  | December 31, 2021
| Gross Amount |  | Accumulated Amortization |  | Net Amount |  | Gross Amount |  | Accumulated Amortization |  | Net Amount
| (in thousands)
Customer relationships | $ | 45,634 |  |  | $ | 32,211 |  |  | $ | 13,423 |  |  | $ | 45,634 |  |  | $ | 27,704 |  |  | $ | 17,930 |
Trade names | 1,731 |  |  | 191 |  |  | 1,540 |  |  | 1,731 |  |  | 55 |  |  | 1,676 |
Patents | 1,086 |  |  | 232 |  |  | 854 |  |  | 1,086 |  |  | 95 |  |  | 991 |
Non-compete agreements | 233 |  |  | 104 |  |  | 129 |  |  | 233 |  |  | 25 |  |  | 208 |
Total other intangible assets | $ | 48,684 |  |  | $ | 32,738 |  |  | $ | 15,946 |  |  | $ | 48,684 |  |  | $ | 27,879 |  |  | $ | 20,805 |
No acquisitions occurred during the year ended December 31, 2022. Intangible assets with determinable useful lives are amortized on a straight-line basis over their estimated useful lives. The weighted-average amortization period of customer relationships, trade names, patents, and non-compete agreements are approximately 10 years, 13 years, 8 years, and 4 years, respectively. The following table sets forth the estimated amortization expense for intangibles subject to amortization for 2023, the following four fiscal years and thereafter:
Period/Year |  | Total Amortization Expense
|  | (in thousands)
2023 |  | $ | 3,819 |
2024 |  | $ | 2,685 |
2025 |  | $ | 2,685 |
2026 |  | $ | 2,666 |
2027 |  | $ | 1,196 |
Thereafter |  | $ | 2,895 |
Total |  | $ | 15,946 |
Amortization expense for the years ended December 31, 2022, 2021, and 2020 was $4.9 million, $4.4 million and $4.2 million, respectively.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2144471 + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration