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INTANGIBLE ASSETS, NET (Tables)

6 Months Ended

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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- Definition

Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life.

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- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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-Section 50
-Paragraph 1
-Subparagraph (a)
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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

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