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Capitalized Software Development Costs, Net
6 Months Ended
Jun. 30, 2022
Research And Development [Abstract]  
Capitalized Software Development Costs, Net

(5) Capitalized Software Development Costs, Net

Capitalized software development costs, net consisted of the following (in thousands):

 

 

 

Gross
carrying
amount

 

 

Amortization
period

 

Accumulated
amortization

 

 

Net
carrying
amount

 

As of June 30, 2022

 

$

83,331

 

 

3 years

 

$

(57,784

)

 

$

25,547

 

As of December 31, 2021

 

 

75,042

 

 

3 years

 

 

(52,322

)

 

 

22,720

 

 

The Company capitalized software development costs of $8.3 million and $6.1 million for the six months ended June 30, 2022 and 2021, respectively.

Amortization expense for capitalized software development costs was $2.7 million and $2.2 million for the three months ended June 30, 2022 and 2021, respectively. Amortization expense for capitalized software development costs was $5.5 million and $4.3 million for the six months ended June 30, 2022 and 2021, respectively. Amortization of capitalized software development costs is classified within cost of revenue in the condensed consolidated statements of operations.

The expected amortization of capitalized software development costs, as of June 30, 2022, for each of the following years is as follows (in thousands):

 

 

 

 

 

2022 (for the remaining six months)

 

$

6,508

 

2023

 

 

10,371

 

2024

 

 

7,334

 

2025

 

 

1,334

 

 

 

$

25,547