INTANGIBLE ASSETS, NET (Tables)

9 Months Ended

Sep. 30, 2019

Intangible assets, net as of September 30, 2019 and December 31, 2018 consisted of the following (in thousands):

	September 30, 2019		December 31, 2018
Tradenames	$	32,049	$	30,256
Referral relationships, net of accumulated amortization of $10,714 and $9,370, respectively		18,967		16,895
Non-compete agreements, net of accumulated amortization of $4,901 and $4,716, respectively		2,369		1,677
	$	53,385	$	48,828

Amortization Expenses

The following table details the amount of amortization expense recorded for intangible assets for the nine months ended September 30, 2019 and 2018 (in thousands):

	Three Months Ended				Nine Months Ended
	September 30, 2019		September 30, 2018		September 30, 2019		September 30, 2018
Referral relationships	$	593	$	569	$	1,707	$	1,648
Non-compete agreements		172		172		510		460
	$	765	$	741	$	2,217	$	2,108

Amortization of Tradename, Referral Relationships and Non-Competition Agreements

Based on the balance of referral relationships and non-compete agreements as of September 30, 2019, the expected amount to be amortized in the last three months of 2019 and thereafter by year is as follows (in thousands):

Referral Relationships			Non-Compete Agreements
Years	Annual Amount		Years	Annual Amount
Ending December 31,			Ending December 31,
2019 (excluding the nine months ended September 30, 2019)	$	601	2019 (excluding the nine months ended September 30, 2019)	$	198
2020	$	2,403	2020	$	619
2021	$	2,403	2021	$	541
2022	$	2,354	2022	$	363
2023	$	2,247	2023	$	294
2024	$	2,082	2024	$	238
Thereafter	$	6,877	Thereafter	$	116