XML 55 R38.htm IDEA: XBRL DOCUMENT v3.25.0.1
Intangible Assets, net (Tables)
12 Months Ended
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