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Capitalized Software Development Costs, Net
6 Months Ended
Jun. 30, 2020
Research And Development [Abstract]  
Capitalized Software Development Costs, Net

(5) Capitalized Software Development Costs, Net

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

 

 

 

 

 

 

 

 

 

As of June 30, 2020

 

 

 

Gross

carrying

amount

 

 

Amortization

period

 

Accumulated

amortization

 

 

Net

carrying

amount

 

Capitalized software development costs

 

$

54,612

 

 

3 years

 

$

(39,382

)

 

$

15,230

 

Total capitalized software development costs

 

$

54,612

 

 

 

 

$

(39,382

)

 

$

15,230

 

 

 

 

 

 

 

 

 

 

As of December 31, 2019

 

 

 

Gross

carrying

amount

 

 

Amortization

period

 

Accumulated

amortization

 

 

Net

carrying

amount

 

Capitalized software development costs

 

$

49,909

 

 

3 years

 

$

(35,622

)

 

$

14,287

 

Total capitalized software development costs

 

$

49,909

 

 

 

 

$

(35,622

)

 

$

14,287

 

 

The Company capitalized software development costs of $4.7 million and $4.3 million for the six months ended June 30, 2020 and 2019, respectively.   

Amortization expense for capitalized software development costs was $1.9 million and $1.8 million for the three months ended June 30, 2020 and 2019, respectively. Amortization expense for capitalized software development costs was $3.8 million and $3.3 million for the six months ended June 30, 2020 and 2019, respectively. Amortization of capitalized software development costs is classified within cost of revenue in the consolidated statements of operations.

The expected amortization of capitalized software development costs, as of June 30, 2020, for each of the following years is as follows (in thousands):

 

 

 

 

 

 

2020 (for the remaining six months)

 

$

4,281

 

2021

 

 

6,065

 

2022

 

 

4,137

 

2023

 

 

747

 

 

 

$

15,230