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Intangible Assets, net (Tables) | 12 Months Ended
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Dec. 31, 2022
Intangible Assets, net [Abstract] |
Intangible Assets, Net | Intangible assets, net as of December 31, 2022, and 2021 consisted of the following (in thousands):
|  | December 31, 2022 |  |  | December 31, 2021 |
Tradenames |  | $ | 43,373 |  |  | $ | 38,790 |
Customer and referral relationships, net of accumulated amortization of $23,736 and $17,762, respectively (weighted average amortization period 12.9 years) |  |  | 63,238 |  |  |  | 45,643 |
Non-compete agreements, net of accumulated amortization of $6,999 and $6,450 respectively (weighted average amortization period 5.6 years) |  |  | 2,144 |  |  |  | 1,949 |
|  | $ | 108,755 |  |  | $ | 86,382 |
Amortization Expenses | The following table details the amount of amortization expense recorded for intangible assets for the years ended December 31, 2022, 2021 and 2020 (in thousands):
|  | December 31, 2022 |  |  | December 31, 2021 |  |  | December 31, 2020 |
Customer and referral relationships |  | $ | 5,974 |  |  | $ | 3,240 |  |  | $ | 2,845 |
Non-compete agreements |  |  | 549 |  |  |  | 458 |  |  |  | 569 |
|  | $ | 6,523 |  |  | $ | 3,698 |  |  | $ | 3,414 |
Amortization of Customer and Referral Relationships and Non Competition Agreements | 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, |  |  |
2023 | $ | 6,651 |  | 2023 | $ | 604 |
2024 | $ | 6,504 |  | 2024 | $ | 556 |
2025 | $ | 6,359 |  | 2025 | $ | 490 |
2026 | $ | 5,891 |  | 2026 | $ | 349 |
2027 | $ | 5,728 |  | 2027 | $ | 145 |
Thereafter | $ | 32,105 |  | Thereafter | $ | - |

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