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INTANGIBLE ASSETS, NET (Tables) | 6 Months Ended
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Jun. 30, 2022
INTANGIBLE ASSETS, NET [Abstract] |
Intangible Assets, Net | Intangible assets, net as of June 30, 2022, and December 31, 2021 consisted of the following (in thousands):
|  | June 30, 2022 |  |  | December 31, 2021 |
Tradenames |  | $ | 39,838 |  |  | $ | 38,790 |
Customer and referral relationships, net of accumulated amortization of $20,772 and $17,762, respectively |  |  | 51,047 |  |  |  | 45,643 |
Non-compete agreements, net of accumulated amortization of $6,717 and $6,450, respectively |  |  | 1,770 |  |  |  | 1,949 |
|  | $ | 92,655 |  |  | $ | 86,382 |
Amortization Expenses | The following table details the amount of amortization expense recorded for intangible assets for the three months ended June 30, 2022, and 2021 (in thousands):
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, 2022 |  |  | June 30, 2021 |  |  | June 30, 2022 |  |  | June 30, 2021 |
Customer and referral relationships |  | $ | 1,339 |  |  | $ | 778 |  |  | $ | 3,011 |  |  | $ | 1,561 |
Non-compete agreements |  |  | 120 |  |  |  | 138 |  |  |  | 267 |  |  |  | 177 |
|  | $ | 1,459 |  |  | $ | 916 |  |  | $ | 3,278 |  |  | $ | 1,738 |
Amortization of Customer and Referral Relationships and Non Competition Agreements | Based on the balance of referral relationships and non-compete agreements as of June 30, 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 six months ended June 30, 2022) |  | $ | 2,745 |  |  | 2022 (excluding the six months ended June 30, 2022) |  |  | $ | 267 |
2023 |  | $ | 5,393 |  |  | 2023 |  |  | $ | 477 |
2024 |  | $ | 5,228 |  |  | 2024 |  |  | $ | 421 |
2025 |  | $ | 5,084 |  |  | 2025 |  |  | $ | 355 |
2026 |  | $ | 4,616 |  |  | 2026 |  |  | $ | 216 |
Thereafter |  | $ | 27,981 |  |  | Thereafter |  |  | $ | 34 |

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