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Intangible Assets, net (Tables)
12 Months Ended
Dec. 31, 2022
Intangible Assets, net [Abstract]  
Intangible Assets, Net

Intangible assets, net as of December 31, 2022, and 2021 consisted of the following (in thousands):

 
December 31, 2022
   
December 31, 2021
 
Tradenames
 
$
43,373
   
$
38,790
 
Customer and referral relationships, net of accumulated amortization of $23,736 and $17,762, respectively (weighted average amortization period 12.9 years)
   
63,238
     
45,643
 
Non-compete agreements, net of accumulated amortization of $6,999 and $6,450 respectively (weighted average amortization period 5.6 years)
   
2,144
     
1,949
 
   
$
108,755
   
$
86,382
 
Amortization Expenses

The following table details the amount of amortization expense recorded for intangible assets for the years ended December 31, 2022, 2021 and 2020 (in thousands):


 
December 31, 2022
   
December 31, 2021
   
December 31, 2020
 
Customer and referral relationships
 
$
5,974
   
$
3,240
   
$
2,845
 
Non-compete agreements
   
549
     
458
     
569
 
 
 
$
6,523
   
$
3,698
   
$
3,414
 
Amortization of Customer and Referral Relationships and Non Competition Agreements

The remaining balances of the customer and referral relationships and non-compete agreements are expected to be amortized as follows (in thousands):

Customer and Referral Relationships
 
Non-Compete Agreements
 
Years
 
Annual Amount
 
Years
 
Annual Amount
 
Ending December 31,
     
Ending December 31,
     
2023
$
6,651
 
2023
$
604
 
2024
$
6,504
 
2024
$
556
 
2025
$
6,359
 
2025
$
490
 
2026
$
5,891
 
2026
$
349
 
2027
$
5,728
 
2027
$
145
 
Thereafter
$
32,105
 
Thereafter
$
-