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Intangible Assets, net (Tables) | 12 Months Ended
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Dec. 31, 2024
Intangible Assets, net [Abstract] |
Intangible Assets, Net | The Company’s intangible assets, net, consisted of the following.
|  | As of the Year Ended |
|  | December 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 |  | $ | 156,747 |  |  | $ | (39,218 | ) |  | $ | 117,529 |  |  | $ | 93,658 |  |  | $ | (30,414 | ) |  | $ | 63,244 |
Tradenames |  |  | 57,041 |  |  |  | - |  |  |  | 57,041 |  |  |  | 44,573 |  |  |  | - |  |  |  | 44,573 |
Non-compete agreements |  |  | 13,077 |  |  |  | (8,336 | ) |  |  | 4,741 |  |  |  | 9,459 |  |  |  | (7,594 | ) |  |  | 1,865 |
|  | $ | 226,865 |  |  | $ | (47,554 | ) |  | $ | 179,311 |  |  | $ | 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 Year Ended |
|  | December 31, 2024 |  |  | December 31, 2023 |  |  | December 31, 2022 |
|  | (In thousands) |
Customer and referral relationships |  | $ | 8,804 |  |  | $ | 6,678 |  |  | $ | 5,974 |
Non-compete agreements |  |  | 742 |  |  |  | 595 |  |  |  | 549 |
|  | $ | 9,546 |  |  | $ | 7,273 |  |  | $ | 6,523 |
Amortization of Customer and Referral Relationships and Non-compete Agreements | The remaining balances of the customer and referral relationships and non-compete agreements are expected to be amortized as follows.
For the Year Ending December 31, |  | Customer and Referral Relationships |  |  | Non-Compete Agreements |
|  | (In thousands) |
2025 |  | $ | 11,878 |  |  | $ | 1,133 |
2026 |  |  | 11,409 |  |  |  | 995 |
2027 |  |  | 11,246 |  |  |  | 869 |
2028 |  |  | 10,978 |  |  |  | 790 |
2029 |  |  | 10,599 |  |  |  | 584 |
Thereafter |  | $ | 61,419 |  |  | $ | 370 |

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