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INTANGIBLE ASSETS, NET (Tables)
3 Months Ended
Mar. 31, 2021
INTANGIBLE ASSETS, NET [Abstract]  
Intangible Assets, Net
Intangible assets, net as of March 31, 2021 and December 31, 2020 consisted of the following (in thousands):

 
March 31, 2021
   
December 31, 2020
 
Tradenames
 
$
32,217
   
$
32,317
 
Referral relationships, net of accumulated amortization of $15,305 and $14,522, respectively
   
23,785
     
22,119
 
Non-compete agreements, net of accumulated amortization of $6,031 and $5,993, respectively
   
1,591
     
1,844
 
   
$
57,593
   
$
56,280
 
Amortization Expenses
The following table details the amount of amortization expense recorded for intangible assets for the three months ended March 31, 2021 and 2020 (in thousands):

 
Three Months Ended
   
Three Months Ended
 
   
March 31, 2021
   
March 31, 2020
 
Referral relationships
 
$
783
   
$
613
 
Non-compete agreements
   
39
     
177
 
   
$
822
   
$
790
 
Amortization of Tradename, Referral Relationships and Non-Competition Agreements
Based on the balance of referral relationships and non-compete agreements as of March 31, 2021, the expected amount to be amortized in 2021 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,
     
2021 (excluding the three months ended March 31, 2021)
$
2,333
 
2021 (excluding the three months ended March 31, 2021)
$
402
 
2022
$
3,062
 
2022
$
369
 
2023
$
2,954
 
2023
$
299
 
2024
$
2,790
 
2024
$
243
 
2025
$
2,647
 
2025
$
176
 
Thereafter
$
9,999
 
Thereafter
$
102