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Intangible Assets, Net (Tables) | 3 Months Ended
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Mar. 31, 2025
Intangible Assets, Net [Abstract] |
Intangible Assets, Net | The Company’s intangible assets, net, consisted of the following:
|  | March 31, 2025 |  |  | December 31, 2024 |
|  | Gross Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
|  | (In thousands) |
Customer and referral relationships |  | $ | 157,429 |  |  | $ | (42,025 | ) |  | $ | 115,404 |  |  | $ | 156,747 |  |  | $ | (39,218 | ) |  | $ | 117,529 |
Tradenames |  |  | 57,239 |  |  |  | - |  |  |  | 57,239 |  |  |  | 57,041 |  |  |  | - |  |  |  | 57,041 |
Non-compete agreements |  |  | 13,322 |  |  |  | (8,637 | ) |  |  | 4,685 |  |  |  | 13,077 |  |  |  | (8,336 | ) |  |  | 4,741 |
|  | $ | 227,990 |  |  | $ | (50,662 | ) |  | $ | 177,328 |  |  | $ | 226,865 |  |  | $ | (47,554 | ) |  | $ | 179,311 |
Amortization Expenses | The following table details the amount of amortization expense recorded for intangible assets for the periods presented:
|  | Three Months Ended |
|  | March 31, 2025 |  |  | March 31, 2024 |
|  | (In thousands) |
Customer and referral relationships |  | $ | 2,807 |  |  | $ | 1,818 |
Non-compete agreements |  |  | 301 |  |  |  | 163 |
|  | $ | 3,108 |  |  | $ | 1,981 |
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, 2025, the expected amount to be amortized in 2025 and thereafter by year is as follows:
For the Year Ending December 31, |  | Customer and Referral Relationships |  |  | Non-Compete Agreements |
|  | (In thousands) |
2025 (excluding the three months ended March 31, 2025) |  | $ | 8,870 |  |  | $ | 853 |
2026 |  |  | 11,365 |  |  |  | 1,013 |
2027 |  |  | 11,202 |  |  |  | 887 |
2028 |  |  | 10,933 |  |  |  | 808 |
2029 |  |  | 10,555 |  |  |  | 600 |
Thereafter |  | $ | 62,479 |  |  | $ | 524 |

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