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Payor Relationships and Other Intangibles, Net
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Payor Relationships and Other Intangibles, Net PAYOR RELATIONSHIPS AND OTHER INTANGIBLES, NET
As of June 30, 2022, the Company’s total intangibles, net consisted of the following:

(in thousands)Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
Intangibles:
Trade names$1,409 $(865)$544 
Brand names183,263 (14,823)168,440 
Non-compete agreements76,273 (19,768)56,505 
Customer relationships880 (208)672 
Payor relationships609,687 (47,954)561,733 
Provider relationships12,242 (4,276)7,966 
Total intangibles, net$883,754 $(87,894)$795,860 
    

As of December 31, 2021, the Company’s total intangibles, net consisted of the following:

(in thousands)Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
Intangibles:
Trade names$1,409 $(787)$622 
Brand names183,238 (9,037)174,201 
Non-compete agreements75,794 (12,110)63,684 
Customer relationships880 (184)696 
Payor relationships609,362 (32,714)576,648 
Provider relationships12,242 (2,472)9,770 
Total intangibles, net$882,925 $(57,304)$825,621 

The Company recorded amortization expense of $15.5 million and $5.5 million for the three months ended June 30, 2022 and 2021, respectively, and $30.6 million and $9.1 million for the six months ended June 30, 2022 and 2021, respectively.

Expected amortization expense for the Company’s existing amortizable intangibles for the next five years, and thereafter, as of June 30, 2022 was as follows:
Amount (in thousands)
2022 - remaining$31,712 
202358,351 
202456,346 
202554,713 
202646,612 
Thereafter548,126 
Total$795,860 

We periodically assess our long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Changes or consolidation of the use of any of our brand names could result in a reduction in their remaining estimated economic lives, which could lead to increased amortization expense.