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Capitalized Software Development Costs, Net (Tables)
12 Months Ended
Dec. 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 December 31, 2023

 

$

64,860

 

 

3 years

 

$

(33,230

)

 

$

31,630

 

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 December 31, 2023, for each of the next three years is as follows (in thousands):

2024

 

$

15,322

 

2025

 

 

10,654

 

2026

 

 

5,654

 

 

$

31,630