INTANGIBLE ASSETS, NET (Tables)

3 Months Ended

Mar. 31, 2017

Intangible assets, net as of March 31, 2017 and December 31, 2016 consisted of the following (in thousands):

	March 31, 2017		December 31, 2016
Tradenames	$	23,678	$	21,234
Referral relationships, net of accumulated amortization of $5,733 and $5,275, respectively		16,721		14,859
Non-compete agreements, net of accumulated amortization of $3,575 and $3,380, respectively		2,814		1,967
	$	43,213	$	38,060

Amortization Expenses

The following table details the amount of amortization expense recorded for intangible assets for the three months ended March 31, 2017 and 2016 (in thousands):

	Three Months Ended		Three Months Ended
	March 31, 2017		March 31, 2016
Tradenames	$	-	$	21
Referral relationships		458		323
Non-compete agreements		195		134
	$	653	$	478

Amortization of Tradename, Referral Relationships and Non-Competition Agreements

Based on the balance of referral relationships and non-compete agreements as of March 31, 2017, the expected amount to be amortized in 2017 and thereafter by year is as follows (in thousands):

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

2017	1,878	2017	782
2018	1,846	2018	733
2019	1,758	2019	661
2020	1,758	2020	448
2021	1,758	2021	370
2022	1,709	2022	15
2023	1,601
2024	1,483
2025	1,376
2026	915
2027	755
2028	297
2029	45