Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS, NET

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GOODWILL AND INTANGIBLE ASSETS, NET
 6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS, NET 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, net 31,728  25,125 
Goodwill and intangible assets, net $ 230,452  $ 211,306 
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 adjustments 758 
Balance at December 31, 2023 186,181 
Acquisitions 12,543 
Balance at June 30, 2024 $ 198,724 
Intangible Assets, Net
The following table presents the Company's intangible assets, net as of June 30, 2024 and December 31, 2023:
June 30, 2024 December 31, 2023
(in thousands)
 Gross Intangibles Accumulated Amortization Net Intangibles Gross Intangibles Accumulated Amortization Net Intangibles
Referral network $ 53,500  $ (21,772) $ 31,728  $ 42,300  $ (17,625) $ 24,675 
Non-compete agreements 2,700  (2,700) —  2,700  (2,250) 450 
  $ 56,200  $ (24,472) $ 31,728  $ 45,000  $ (19,875) $ 25,125 
Amortization expense related to intangible assets was $2.4 million and $2.0 million for the three months ended June 30, 2024 and June 30, 2023, respectively, and $4.6 million and $4.0 million for the six months ended June 30, 2024 and June 30, 2023, respectively.