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Capitalized Software Development Costs, Net
6 Months Ended
Jun. 30, 2021
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):

 

 

 

Gross

carrying

amount

 

 

Amortization

period

 

Accumulated

amortization

 

 

Net

carrying

amount

 

As of June 30, 2021

 

$

66,057

 

 

3 years

 

$

(47,689

)

 

$

18,368

 

As of December 31, 2020

 

 

59,761

 

 

3 years

 

 

(43,432

)

 

 

16,329

 

 

The Company capitalized software development costs of $6.1 million and $4.7 million for the six months ended June 30, 2021 and 2020, respectively.   

Amortization expense for capitalized software development costs was $2.2 million and $1.9 million for the three months ended June 30, 2021 and 2020, respectively. Amortization expense for capitalized software development costs was $4.3 million and $3.8 million for the six months ended June 30, 2021 and 2020, 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, 2021, for each of the following years is as follows (in thousands):

 

 

 

 

 

 

2021 (for the remaining six months)

 

$

4,779

 

2022

 

 

7,630

 

2023

 

 

4,985

 

2024

 

 

974

 

 

 

$

18,368