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Intangible Assets, Net
 12 Months Ended
Dec. 31, 2012
Goodwill and Intangible Assets, net [Abstract]  
Intangible Assets, net

5. Intangible Assets, net

Intangible assets, net as of December 31, 2012 and 2011 consisted of the following (in thousands):

 

                 
    December 31,  
    2012     2011  

Tradename

   $ 7,973     $ 6,073  

Referral relationships, net of accumulated amortization of $1,217 and $784, respectively

     3,501       2,777  

Non compete agreements, net of accumulated amortization of $1,848 and $1,443, respectively

     672       753  
   

 

 

    

 

 

  
    $ 12,146     $ 9,603  
   

 

 

    

 

 

  

Tradenames, referral relationships and non compete agreements are related to the businesses acquired. The value assigned to tradenames has an indefinite life and is tested at least annually for impairment in conjunction with the Company’s annual goodwill impairment test. The value assigned to referral relationships is being amortized over their respective estimated useful lives which range from six to 16 years. Non compete agreements are amortized over the respective term of the agreements which range from five to six years.

The following table details the amount of amortization expense recorded for intangible assets for the years ended December 31, 2012, 2011 and 2010 (in thousands):

 

                         
    Year Ended December 31,  
      2012         2011         2010    

Referral relationships

   $ 433     $ 305     $ 213  

Non compete agreements

     405       390       344  
   

 

 

    

 

 

    

 

 

  
    $ 838     $ 695     $ 557  
   

 

 

    

 

 

    

 

 

  

 

The remaining balance of referral relationships and non compete agreements is expected to be amortized as follows (in thousands):

 

                         
Referral Relationships     Non Compete Agreements  
    Annual           Annual  
Years   Amount     Years     Amount  
2013     398       2013       281  
2014     395       2014       140  
2015     374       2015       140  
2016     374       2016       78  
2017     374       2017       33  
2018     338                  
2019     301                  
2020     294                  
2021     269                  
2022     221                  
2023     113                  
2024     50