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Intangible Assets, Net (Tables)
3 Months Ended
Mar. 31, 2014
Intangible Assets, Net

Intangible assets, net as of March 31, 2014 and December 31, 2013 consisted of the following (in thousands):

 

 

March 31,

 

 

December 31,

 

 

2014

 

 

2013

 

Tradenames

$

10,714

 

 

$

9,814

 

Referral relationships, net of accumulated amortization of $1,737 and $1,582, respectively

 

4,343

 

 

 

3,959

 

Non-competition agreements, net of accumulated amortization of $2,037 and $1,950, respectively

 

859

 

 

 

706

 

 

$

15,916

 

 

$

14,479

 

 

Amortization Expenses

The following table details the amount of amortization expense recorded for intangible assets for the three months ended March 31, 2014 and 2013 (in thousands):

 

 

Three Months Ended March 31,

 

 

2014

 

 

2013

 

Referral relationships

$

155

 

 

$

150

 

Non-competition agreements

 

87

 

 

 

106

 

 

$

242

 

 

$

256

 

 

Amortization of Referral Relationships and Non-Competition Agreements

Based on the balance of referral relationships and non-competition agreements as of March 31, 2014, the expected amount to be amortized in 2014 and thereafter by year is as follows (in thousands):

 

Referral Relationships

 

 

Non Competition Agreements

 

 

 

Annual

 

 

 

 

Annual

 

Years

 

Amount

 

 

Years

 

Amount

 

2014

 

$

535

 

 

2014

 

$

272

 

2015

 

$

486

 

 

2015

 

$

246

 

2016

 

$

486

 

 

2016

 

$

185

 

2017

 

$

486

 

 

2017

 

$

140

 

2018

 

$

449

 

 

2018

 

$

84

 

2019

 

$

413

 

 

2019

 

$

19

 

2020

 

$

413

 

 

 

 

 

 

 

2021

 

$

413

 

 

 

 

 

 

 

2022

 

$

364

 

 

 

 

 

 

 

2023

 

$

257

 

 

 

 

 

 

 

2024

 

$

137

 

 

 

 

 

 

 

2025

 

$

49

 

 

 

 

 

 

 

2026

 

$

11