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INTANGIBLE ASSETS, NET (Tables)

9 Months Ended

Sep. 30, 2023

INTANGIBLE ASSETS, NET [Abstract]

Intangible Assets, Net

Intangible assets, net consisted of the following:

		September 30, 2023				December 31, 2022
		(In thousands)
Tradenames		$	45,908			$	43,373
Customer and referral relationships, net of accumulated amortization of $28,708 and $23,736, respectively (weighted average amortization period 13.0 years)			64,210				63,238
Non-compete agreements, net of accumulated amortization of $7,449 and $6,999 respectively (weighted average amortization period 6.0 years)			1,994				2,144
		$	112,112			$	108,755

Amortization Expenses

The following table details the amount of amortization expense recorded for intangible assets for the three and nine months ended September 30, 2023, and 2022:

		Three Months Ended								Nine Months Ended
		September 30, 2023				September 30, 2022				September 30, 2023				September 30, 2022
Customer and referral relationships		$	1,669			$	1,404			$	4,972			$	4,415
Non-compete agreements			148				129				450				396
		$	1,817			$	1,533			$	5,422			$	4,811

Amortization of Customer and Referral Relationships and Non Competition Agreements

Based on the balance of referral relationships and non-compete agreements as of September 30, 2023, the expected amount to be amortized in 2023 and thereafter by year is as follows:

Customer and Referral Relationships						Non-Compete Agreements
(In thousands)
Years		Annual Amount				Years			Annual Amount
Ending December 31,						Ending December 31,
2023 (excluding the nine months ended September 30, 2023)		$	1,780			2023 (excluding the nine months ended September 30, 2023)			$	159
2024		$	6,983			2024			$	607
2025		$	6,839			2025			$	541
2026		$	6,371			2026			$	401
2027		$	6,207			2027			$	234
Thereafter		$	36,030			2028			$	51

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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.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482665/350-30-50-1

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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.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
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-Publisher FASB
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