XML 30 R16.htm IDEA: XBRL DOCUMENT
v3.25.4

Intangible Assets, net | 12 Months Ended
--- | ---
Dec. 31, 2025
Intangible Assets, net [Abstract] |
Intangible Assets, net | 9. Intangible Assets, net The Company’s intangible assets, net, consisted of the following.
|  | As of the Year Ended |
|  | December 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 |  | $ | 155,056 |  |  | $ | (49,295 | ) |  | $ | 105,761 |  |  | $ | 156,747 |  |  | $ | (39,218 | ) |  | $ | 117,529 |
Tradenames |  |  | 62,809 |  |  |  | - |  |  |  | 62,809 |  |  |  | 57,041 |  |  |  | - |  |  |  | 57,041 |
Non-compete agreements |  |  | 13,826 |  |  |  | (9,535 | ) |  |  | 4,291 |  |  |  | 13,077 |  |  |  | (8,336 | ) |  |  | 4,741 |
|  | $ | 231,691 |  |  | $ | (58,830 | ) |  | $ | 172,861 |  |  | $ | 226,865 |  |  | $ | (47,554 | ) |  | $ | 179,311 |
Tradenames, customer and referral relationships and non-compete agreements are related to the businesses acquired. The value assigned to tradenames has an indefinite life and is tested at least annually for impairment using the relief from royalty method in conjunction with the Company’s annual goodwill impairment test. The value assigned to customer and referral relationships is being amortized over their respective estimated useful lives which range from 8.0 to 16.0 years. Non-compete agreements are amortized over the respective terms of the agreements which range from 5.0 to 6.0 years. During the year ended December 31, 2024, the Company recognized charges of $2.0 million related to the impairment of assets held for sale. These impairment losses are presented in the impairment of goodwill and other intangible assets and impairment on assets held for sale in the Consolidated Statements of Income. The following table details the amount of amortization expense recorded for intangible assets for the periods presented.
|  | For the Year Ended |
|  | December 31, 2025 |  |  | December 31, 2024 |  |  | December 31, 2023 |
|  | (In thousands) |
Customer and referral relationships |  | $ | 10,077 |  |  | $ | 8,804 |  |  | $ | 6,678 |
Non-compete agreements |  |  | 1,199 |  |  |  | 742 |  |  |  | 595 |
|  | $ | 11,276 |  |  | $ | 9,546 |  |  | $ | 7,273 |
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) |
2026 |  | $ | 10,254 |  |  | $ | 1,079 |
2027 |  |  | 10,091 |  |  |  | 953 |
2028 |  |  | 9,822 |  |  |  | 874 |
2029 |  |  | 9,444 |  |  |  | 710 |
2030 |  |  | 9,279 |  |  |  | 650 |
Thereafter |  | $ | 56,871 |  |  | $ | 25 |

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/985-20/tableOfContent + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_IntangibleAssetsNetExcludingGoodwillAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration