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INTANGIBLE ASSETS, NET (Tables) | 3 Months Ended
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Mar. 31, 2022
INTANGIBLE ASSETS, NET [Abstract] |
Intangible Assets, Net | Intangible assets, net as of March 31, 2022 and December 31, 2021 consisted of the following (in thousands):
|  | March 31, 2022 |  |  | December 31, 2021 |
Tradenames |  | $ | 39,456 |  |  | $ | 38,790 |
Customer and referral relationships, net of accumulated amortization of $19,959 and $17,762, respectively |  |  | 50,076 |  |  |  | 45,643 |
Non-compete agreements, net of accumulated amortization of $6,597 and $6,450, respectively |  |  | 2,014 |  |  |  | 1,949 |
|  | $ | 91,546 |  |  | $ | 86,382 |
Amortization Expenses | The following table details the amount of amortization expense recorded for intangible assets for the three months ended March 31, 2022 and 2021 (in thousands):
|  | Three Months Ended |  |  | Three Months Ended |
|  | March 31, 2022 |  |  | March 31, 2021 |
Customer and referral relationships |  | $ | 2,050 |  |  | $ | 783 |
Non-compete agreements |  |  | 147 |  |  |  | 39 |
|  | $ | 2,197 |  |  | $ | 822 |
Amortization of Customer and Referral Relationships and Non Competition Agreements | Based on the balance of referral relationships and non-compete agreements as of March 31, 2022, the expected amount to be amortized in 2022 and thereafter by year is as follows (in thousands):
Customer and Referral Relationships |  |  | Non-Compete Agreements |
Years |  | Annual Amount |  |  | Years |  |  | Annual Amount |
Ending December 31, |  |  |  |  | Ending December 31, |  |  |  |
2022 (excluding the three months ended March 31, 2022) |  | $ | 3,851 |  |  | 2022 (excluding the three months ended March 31, 2022) |  |  | $ | 413 |
2023 |  | $ | 5,200 |  |  | 2023 |  |  | $ | 494 |
2024 |  | $ | 5,036 |  |  | 2024 |  |  | $ | 438 |
2025 |  | $ | 4,892 |  |  | 2025 |  |  | $ | 371 |
2026 |  | $ | 4,424 |  |  | 2026 |  |  | $ | 243 |
Thereafter |  | $ | 26,673 |  |  | Thereafter |  |  | $ | 55 |

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