XML 28 R13.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Intangible Assets, net | 12 Months Ended
--- | ---
Dec. 31, 2021
Intangible Assets, net [Abstract] |
Intangible Assets, net | 7. Intangible Assets, net Intangible assets, net as of December 31, 2021, and 2020 consisted of the following (in thousands):
|  | December 31, 2021 |  |  | December 31, 2020 |
Tradenames |  | $ | 38,790 |  |  | $ | 32,317 |
Customer and referral relationships, net of accumulated amortization of $17,762 and $14,522, respectively |  |  | 45,643 |  |  |  | 22,119 |
Non-compete agreements, net of accumulated amortization of $6,450 and $5,993, respectively |  |  | 1,949 |  |  |  | 1,844 |
|  | $ | 86,382 |  |  | $ | 56,280 |
Tradenames, customer and referral relationships and non-compete agreements are related to the businesses acquired. The value assigned to tradenames has an indefinite life and is tested at least annually for impairment using the relief from royalty method in conjunction with the Company’s annual goodwill impairment test. The value assigned to customer and referral relationships is being amortized over their respective estimated useful lives which range from 6 to 16 years. Non-compete agreements are amortized over the respective term of the agreements which range from 5 to 6 years. The following table details the amount of amortization expense recorded for intangible assets for the years ended December 31, 2021, 2020 and 2019 (in thousands):
|  | December 31, 2021 |  |  | December 31, 2020 |  |  | December 31, 2019 |
Customer and referral relationships |  | $ | 3,240 |  |  | $ | 2,845 |  |  | $ | 2,307 |
Non-compete agreements |  |  | 458 |  |  |  | 569 |  |  |  | 708 |
|  | $ | 3,698 |  |  | $ | 3,414 |  |  | $ | 3,015 |
For one acquisition, the value assigned to tradename was being amortized over the term of the six year agreement in which the Company had acquired the right to use the specific tradename. The remaining balances of the customer and referral relationships and non-compete agreements are expected to be amortized as follows (in thousands):
Customer and Referral Relationships |  | Non-Compete Agreements |
Years |  | Annual Amount |  | Years |  | Annual Amount |
Ending December 31, |  |  |  | Ending December 31, |  |  |
2022 | $ | 4,798 |  | 2022 | $ | 512 |
2023 | $ | 4,691 |  | 2023 | $ | 443 |
2024 | $ | 4,526 |  | 2024 | $ | 387 |
2025 | $ | 4,382 |  | 2025 | $ | 322 |
2026 | $ | 3,914 |  | 2026 | $ | 236 |
Thereafter | $ | 23,332 |  | Thereafter | $ | 49 |

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_IntangibleAssetsNetExcludingGoodwillAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration