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GOODWILL AND INTANGIBLE ASSETS, NET
 3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS, NET GOODWILL AND INTANGIBLE ASSETS, NET
The following table presents the Company's goodwill and intangible assets, net as of March 31, 2024 and December 31, 2023:
(in thousands)
March 31,
2024		December 31,
2023
Goodwill$198,724 $186,181 
Intangible assets, net34,157 25,125 
Goodwill and intangible assets, net$232,881 $211,306 
Goodwill
The changes in the carrying amount of goodwill allocated to the origination segment are presented in the following table:
(in thousands)
Balance at December 31, 2022$176,769 
Acquisitions
8,654 
Purchase accounting adjustments758 
Balance at December 31, 2023186,181 
Acquisitions12,543 
Balance at March 31, 2024$198,724 
Intangible Assets, Net
The following table presents the Company's intangible assets, net as of March 31, 2024 and December 31, 2023:
March 31, 2024December 31, 2023
(in thousands)
Gross IntangiblesAccumulated AmortizationNet IntangiblesGross IntangiblesAccumulated AmortizationNet Intangibles
Referral network$53,500 $(19,568)$33,932 $42,300 $(17,625)$24,675 
Non-compete agreements2,700 (2,475)225 2,700 (2,250)450 
 $56,200 $(22,043)$34,157 $45,000 $(19,875)$25,125 
Amortization expense related to intangible assets was $2.2 million and $2.0 million for the three months ended March 31, 2024 and 2023, respectively.