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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