Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.24.1.u1
Intangible Assets
3 Months Ended
Mar. 31, 2024
Intangible Assets [Abstract]  
Intangible Assets
Note 7: Intangible Assets
Intangible assets, net consisted of the following as of:
March 31, 2024 December 31, 2023
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Gross Carrying
Amount
Accumulated Amortization Net Carrying
Amount
(in thousands)
Indefinite lived intangible assets:
Medical licenses $ 700  $ —  $ 700  $ 700  $ —  $ 700 
Definite lived intangible assets:            
Customer relationships 684,000  (159,600) 524,400  684,000  (142,500) 541,500 
Trademarks 148,635  (35,363) 113,272  148,635  (31,671) 116,964 
Payor contracts 4,700  (1,058) 3,642  4,700  (940) 3,760 
Provider network 4,800  (1,111) 3,689  4,800  (991) 3,809 
Total $ 842,835  $ (197,132) $ 645,703  $ 842,835  $ (176,102) $ 666,733 
Amortization of intangible assets was $21.0 million and $20.9 million during the three months ended March 31, 2024 and 2023, respectively.