Intangible Assets, net

12 Months Ended

Dec. 31, 2013

Goodwill And Intangible Assets Disclosure [Abstract]

6. Intangible Assets, net

Intangible assets, net as of December 31, 2013 and 2012 consisted of the following (in thousands):


	December 31,
	2013		2012
Tradenames	$	9,814	$	7,973
Referral relationships, net of accumulated amortization of $1,582 and $1,217, respectively		3,959		3,501
Non compete agreements, net of accumulated amortization of $1,950 and $1,848, respectively		706		672

	$	14,479	$	12,146

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 using the relief from royalty method 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, 2013, 2012 and 2011 (in thousands):


	Year Ended December 31,
	2013		2012		2011
Referral relationships	$	521	$	433	$	305
Non compete agreements		372		405		390

	$	893	$	838	$	695

During 2013, in conjunction with the sale of the physician services business, the Company wrote-off the referral relationships and non compete agreements related to this business which included accumulated amortization of $156,000 and $270,000, respectively.

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
2014		461	2014		207
2015		440	2015		207
2016		440	2016		144
2017		440	2017		100
2018		404	2018		43
2019		367	2019		4
2020		367
2021		367
2022		318
2023		211
2024		108
2025		31
2026		5