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Capitalized Software Development Costs, Net (Tables)
3 Months Ended
Mar. 31, 2024
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, 2024

 

$

69,336

 

 

3 years

 

$

(38,002

)

 

$

31,334

 

As of December 31, 2023

 

 

64,860

 

 

3 years

 

 

(33,230

)

 

 

31,630

 

Schedule of Expected Amortization of Capitalized Software Development Costs

The expected amortization of capitalized software development costs, as of March 31, 2024, for each of the following years is as follows (in thousands):

 

 

 

 

2024 (for the remaining nine months)

 

$

12,375

 

2025

 

 

11,832

 

2026

 

 

6,833

 

2027

 

 

294

 

 

 

$

31,334