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Intangible Assets, Net (Tables) | 6 Months Ended
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Jun. 30, 2024
Intangible Assets, Net [Abstract] |
Intangible Assets, Net | The Company’s intangible assets, net, consisted of the following:
|  | As of June 30, 2024 |  |  | As of December 31, 2023 |
|  | Gross Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
|  | (In thousands) |
Customer and referral relationships |  | $ | 108,371 |  |  | $ | (34,297 | ) |  | $ | 74,074 |  |  | $ | 93,658 |  |  | $ | (30,414 | ) |  | $ | 63,244 |
Tradenames |  |  | 47,631 |  |  |  | - |  |  |  | 47,631 |  |  |  | 44,573 |  |  |  | - |  |  |  | 44,573 |
Non-compete agreements |  |  | 10,146 |  |  |  | (7,948 | ) |  |  | 2,198 |  |  |  | 9,459 |  |  |  | (7,594 | ) |  |  | 1,865 |
|  | $ | 166,148 |  |  | $ | (42,245 | ) |  | $ | 123,903 |  |  | $ | 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:
|  | For the Three Months Ended |  |  | For the Six Months Ended |
|  | June 30, 2024 |  |  | June 30, 2023 |  |  | June 30, 2024 |  |  | June 30, 2023 |
|  | (In thousands) |
Customer and referral relationships |  | $ | 2,066 |  |  | $ | 1,639 |  |  | $ | 3,884 |  |  | $ | 3,303 |
Non-compete agreements |  |  | 191 |  |  |  | 149 |  |  |  | 354 |  |  |  | 302 |
|  | $ | 2,257 |  |  | $ | 1,788 |  |  | $ | 4,238 |  |  | $ | 3,605 |
Amortization of Customer and Referral Relationships and Non Competition Agreements | Based on the balance of referral relationships and non-compete agreements as of June 30, 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 six months ended June 30, 2024) |  | $ | 4,037 |  |  | $ | 360 |
2025 |  |  | 8,049 |  |  |  | 671 |
2026 |  |  | 7,582 |  |  |  | 531 |
2027 |  |  | 7,418 |  |  |  | 369 |
2028 |  |  | 7,149 |  |  |  | 228 |
Thereafter |  |  | 39,839 |  |  |  | 39 |
Total |  | $ | 74,074 |  |  | $ | 2,198 |

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