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Intangible Assets, Net (Tables) | 3 Months Ended
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Mar. 31, 2024
Intangible Assets, Net [Abstract] |
Intangible Assets, Net | The Company’s intangible assets, net, consisted of the following:
|  | March 31, 2024 |  |  | December 31, 2023 |
|  | Gross Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
|  | (In thousands) |
Customer and referral relationships |  | $ | 100,914 |  |  | $ | (32,231 | ) |  | $ | 68,683 |  |  | $ | 93,658 |  |  | $ | (30,414 | ) |  | $ | 63,244 |
Tradenames |  |  | 46,145 |  |  |  | - |  |  |  | 46,145 |  |  |  | 44,573 |  |  |  | - |  |  |  | 44,573 |
Non-compete agreements |  |  | 9,818 |  |  |  | (7,758 | ) |  |  | 2,060 |  |  |  | 9,459 |  |  |  | (7,594 | ) |  |  | 1,865 |
|  | $ | 156,877 |  |  | $ | (39,989 | ) |  | $ | 116,888 |  |  | $ | 147,690 |  |  | $ | (38,008 | ) |  | $ | 109,682 |
Amortization Expenses | The following table details the amount of amortization expense recorded for intangible assets for the periods presented:
|  | Three Months Ended |
|  | March 31, 2024 |  |  | March 31, 2023 |
|  | (In thousands) |
Customer and referral relationships |  | $ | 1,818 |  |  | $ | 1,664 |
Non-compete agreements |  |  | 163 |  |  |  | 153 |
|  | $ | 1,981 |  |  | $ | 1,817 |
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, 2024, the expected amount to be amortized in 2024 and thereafter by year is as follows:
For the Year Ended December 31, |  | Customer and Referral Relationships |  |  | Non-Compete Agreements |
|  | (In thousands) |
2024 (excluding the three months ended March 31, 2024) |  | $ | 5,645 |  |  | $ | 497 |
2025 |  |  | 7,428 |  |  |  | 605 |
2026 |  |  | 6,960 |  |  |  | 465 |
2027 |  |  | 6,797 |  |  |  | 303 |
2028 |  |  | 6,528 |  |  |  | 169 |
Thereafter |  | $ | 35,325 |  |  | $ | 21 |

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