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GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill and Intangible Assets, Net
The following table presents the Company's goodwill and intangible assets, net as of June 30, 2024 and December 31, 2023:
(in thousands)
June 30,
2024
December 31,
2023
Goodwill$198,724 $186,181 
Intangible assets, net31,728 25,125 
Goodwill and intangible assets, net$230,452 $211,306 
Summary of Activity in 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 June 30, 2024$198,724 
Schedule of Finite-Lived Intangible Assets
The following table presents the Company's intangible assets, net as of June 30, 2024 and December 31, 2023:
June 30, 2024December 31, 2023
(in thousands)
Gross IntangiblesAccumulated AmortizationNet IntangiblesGross IntangiblesAccumulated AmortizationNet Intangibles
Referral network$53,500 $(21,772)$31,728 $42,300 $(17,625)$24,675 
Non-compete agreements2,700 (2,700)— 2,700 (2,250)450 
 $56,200 $(24,472)$31,728 $45,000 $(19,875)$25,125