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Capitalized Software Development Costs, Net (Tables)
3 Months Ended
Mar. 31, 2023
Research and Development [Abstract]  
Summary of 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 March 31, 2023

 

$

48,745

 

 

3 years

 

$

(20,553

)

 

$

28,192

 

As of December 31, 2022

 

 

92,115

 

 

3 years

 

 

(64,745

)

 

 

27,370

 

Schedule of Expected Amortization of Capitalized Software Development Costs

The expected amortization of capitalized software development costs, as of March 31, 2023, for each of the following years is as follows (in thousands):

 

 

 

 

2023 (for the remaining nine months)

 

$

10,528

 

2024

 

 

11,000

 

2025

 

 

6,332

 

2026

 

 

332

 

 

 

$

28,192