XML 38 R29.htm IDEA: XBRL DOCUMENT
v3.23.1

INTANGIBLE ASSETS, NET (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
INTANGIBLE ASSETS, NET [Abstract] |
Intangible Assets, Net | Intangible assets, net as of March 31, 2023, and December 31, 2022 consisted of the following (in thousands):
|  | March 31, 2023 |  |  | December 31, 2022 |
Tradenames |  | $ | 43,764 |  |  | $ | 43,373 |
Customer and referral relationships, net of accumulated amortization of $25,400 and $23,736, respectively (weighted average amortization period 12.7 years) |  |  | 63,160 |  |  |  | 63,238 |
Non-compete agreements, net of accumulated amortization of $7,152 and $6,999 respectively (weighted average amortization period 5.0 years) |  |  | 2,067 |  |  |  | 2,144 |
|  | $ | 108,991 |  |  | $ | 108,755 |
Amortization Expenses | The following table details the amount of amortization expense recorded for intangible assets for the three and three months ended March 31, 2023, and 2022 (in thousands):
|  | Three Months Ended |  |  | Three Months Ended |
|  | March 31, 2023 |  |  | March 31, 2022 |
Customer and referral relationships |  | $ | 1,664 |  |  | $ | 2,050 |
Non-compete agreements |  |  | 153 |  |  |  | 147 |
|  | $ | 1,817 |  |  | $ | 2,197 |
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, 2023, the expected amount to be amortized in 2023 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, |  |  |  |
2023 (excluding the three months ended March 31, 2023) |  | $ | 5,096 |  |  | 2023 (excluding the three months ended March 31, 2023) |  |  | $ | 464 |
2024 |  | $ | 6,636 |  |  | 2024 |  |  | $ | 576 |
2025 |  | $ | 6,492 |  |  | 2025 |  |  | $ | 505 |
2026 |  | $ | 6,023 |  |  | 2026 |  |  | $ | 365 |
2027 |  | $ | 5,860 |  |  | 2027 |  |  | $ | 157 |
Thereafter |  | $ | 33,053 |  |  |  |  |  |  |  |

X
- Definition Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life. + References No definition available. + Details
Name: | us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock
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

X
- 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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration