INTANGIBLE ASSETS, NET

9 Months Ended

Sep. 30, 2013

Goodwill And Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS, NET

7. INTANGIBLE ASSETS, NET

Intangible assets, net as of September 30, 2013 and December 31, 2012 consisted of the following (in thousands):

	September 30, 2013		December 31, 2012
Tradenames	$	9,814	$	7,973
Referral relationships, net of accumulated amortization of $1,460 and $1,217, respectively		4,080		3,501
Non competition agreements, net of accumulated amortization of $1,872 and $1,848, respectively		778		672
	$	14,672	$	12,146

Tradenames, referral relationships and non competition agreements are related to the businesses acquired. The value assigned to tradenames has an indefinite life and is tested at least annually for impairment in conjunction with the Company’s annual goodwill impairment test. The value assigned to referral relationships is being amortized over their respective estimated useful lives which range from six to 16 years. Non competition agreements are amortized over the respective term of the agreements which range from five to six years.

The following table details the amount of amortization expense recorded for intangible assets for the three and nine months ended September 30, 2013 and 2012 (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
Referral relationships		134		100		400		334
Non competition agreements		102		96		293		324
		236		196		693		658

Based on the balance of referral relationships and non competition agreements as of September 30, 2013, the expected amount to be amortized in 2013 and thereafter by year is as follows (in thousands):

Referral Relationships			Non Competition Agreements
	Annual				Annual
Years	Amount		Years		Amount
2013		490		2013		361
2014		462		2014		207
2015		441		2015		207
2016		441		2016		145
2017		441		2017		100
2018		405		2018		47
2019		368		2019		5
2020		368
2021		367
2022		319
2023		211
2024		111
2025		31
2026		2