INTANGIBLE ASSETS, NET (Tables)

9 Months Ended

Sep. 30, 2016

Intangible assets, net as of September 30, 2016 and December 31, 2015 consisted of the following (in thousands):

	September 30, 2016		December 31, 2015
Tradenames, net of accumulated amortization of $232 and $170, respectively	$	19,763	$	17,660
Referral relationships, net of accumulated amortization of $4,790 and $3,763, respectively		11,755		10,866
Non-compete agreements, net of accumulated amortization of $3,294 and $2,855, respectively		1,871		1,770
	$	33,389	$	30,296

Amortization Expenses

The following table details the amount of amortization expense recorded for intangible assets for the three and nine months ended September 30, 2016 and 2015 (in thousands):

	Three Months Ended				Nine Months Ended
	September 30, 2016		September 30, 2015		September 30, 2016		September 30, 2015
Tradenames	$	20	$	20	$	62	$	62
Referral relationships		352		245		1,027		736
Non-compete agreements		148		104		429		311
	$	520	$	369	$	1,518	$	1,109

Amortization of Tradename, Referral Relationships and Non-Competition Agreements

Based on the balance of referral relationships and non-compete agreements as of September 30, 2016, the expected amount to be amortized in 2016 and thereafter by year is as follows (in thousands):

Tradename			Referral Relationships				Non-Compete Agreements
Years	Annual Amount		Years		Annual Amount		Years		Annual Amount

2016		83		2016		1,379		2016		573
2017		84		2017		1,408		2017		546
2018		83		2018		1,362		2018		490
2019		80		2019		1,273		2019		418
				2020		1,273		2020		203
				2021		1,273		2021		65
				2022		1,224
				2023		1,117
				2024		997
				2025		891
				2026		430
				2027		135
				2028		19