Intangible Assets, Net (Tables)

3 Months Ended

Mar. 31, 2025

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