Annual report pursuant to Section 13 and 15(d)

Goodwill And Intangible Assets

v2.4.0.6
Goodwill And Intangible Assets
12 Months Ended
Dec. 31, 2011
Goodwill And Intangible Assets [Abstract]  
Goodwill And Intangible Assets

8. Goodwill and Intangible Assets

The following table summarizes the changes in goodwill by operating segment:

 

     Medicaid
Managed Care
    Specialty
Services
     Total  

Balance as of December 31, 2009

   $ 111,063      $ 113,524       $ 224,587   

Acquisitions

     43,633        9,831         53,464   
  

 

 

   

 

 

    

 

 

 

Balance as of December 31, 2010

   $ 154,696      $ 123,355       $ 278,051   

Acquisitions

     1,773        —           1,773   

Other adjustments

     (5,067     7,224         2,157   
  

 

 

   

 

 

    

 

 

 

Balance as of December 31, 2011

   $ 151,402      $ 130,579       $ 281,981   
  

 

 

   

 

 

    

 

 

 

Goodwill acquisitions and other adjustments were related to the acquisitions and finalization of fair value allocations discussed in Note 4, Acquisitions.

 

Intangible assets at December 31, consist of the following:

 

                 Weighted
Average Life

in Years
 
     2011     2010     2011      2010  

Purchased contract rights

   $ 21,988      $ 20,185        7.5         6.9   

Provider contracts

     2,737        2,578        9.8         10.0   

Customer relationships

     16,056        16,056        7.9         7.7   

Trade names

     6,495        5,595        16.3         18.9   
  

 

 

   

 

 

   

 

 

    

 

 

 

Intangible assets

     47,276        44,414        9.0         8.9   

Less accumulated amortization:

         

Purchased contract rights

     (8,554     (7,053     

Provider contracts

     (931     (697     

Customer relationships

     (8,753     (6,278     

Trade names

     (1,608     (1,277     
  

 

 

   

 

 

      

Total accumulated amortization

     (19,846     (15,305     
  

 

 

   

 

 

      

Intangible assets, net

   $ 27,430      $ 29,109        
  

 

 

   

 

 

      

Amortization expense was $5,561, $4,119 and $3,692 for the years ended December 31, 2011, 2010 and 2009, respectively.

Estimated total amortization expense related to intangible assets for each of the five succeeding fiscal years is as follows:

 

Year

   Expense  

2012

   $ 5,200   

2013

     4,700   

2014

     4,300   

2015

     3,500   

2016

     3,000