v3.26.1
Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2026
Intangible Assets [Abstract]  
Intangible Assets, Net
The Company’s intangible assets, net, consisted of the following:

   
June 30, 2026
   
December 31, 2025
 
   
Gross
Amount
   
Accumulated
Amortization
   
Net Carrying
Amount
   
Gross
Amount
   
Accumulated
Amortization
   
Net Carrying
Amount
 
   
(In thousands)
 
Customer and referral relationships
 
$
161,933
   
$
(54,582
)
 
$
107,351
   
$
155,056
   
$
(49,295
)
 
$
105,761
 
Tradenames
   
64,795
     
-
     
64,795
     
62,809
     
-
     
62,809
 
Non-compete agreements
   
14,571
     
(10,170
)
   
4,401
     
13,826
     
(9,535
)
   
4,291
 
   
$
241,299
   
$
(64,752
)
 
$
176,547
   
$
231,691
   
$
(58,830
)
 
$
172,861
 
Amortization Expenses
The following table details the amount of amortization expense recorded for intangible assets for the periods presented:

 
Three Months Ended
   
Six Months Ended
 
   
June 30, 2026
   
June 30, 2025
   
June 30, 2026
   
June 30, 2025
 
    (In thousands)
    (In thousands)  
Customer and referral relationships
 
$
2,651
   
$
2,870
   
$
5,289
   
$
5,677
 
Non-compete agreements
   
308
     
270
     
633
     
571
 
   
$
2,959
   
$
3,140
   
$
5,922
   
$
6,248
 
Amortization of Customer and Referral Relationships and Non Competition Agreements
Based on the balance of referral relationships and non-compete agreements as of June 30, 2026, the expected amount to be amortized in the remainder of 2026 and thereafter by year is as follows:

For the Year Ending December 31,
 
Customer and
Referral Relationships
   
Non-Compete
Agreements
 

  (In thousands)
 
2026 (excluding the six months ended June 30, 2026)
 
$
5,344
   
$
590
 
2027
   
10,547
     
1,095
 
2028
   
10,279
     
1,016
 
2029
   
9,900
     
852
 
2030
   
9,735
     
653
 
Thereafter
 
61,546
   
195