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Intangible Assets, Net (Tables)

3 Months Ended

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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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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-Topic 350
-SubTopic 30
-Section 50
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-Publisher FASB
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