Capitalized Software Development Costs, Net

3 Months Ended

Mar. 31, 2022

Research And Development [Abstract]

Capitalized Software Development Costs, Net

(5) 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, 2022	$	79,602	3 years	$	(55,101	)	$	24,501
As of December 31, 2021		75,042	3 years		(52,322	)		22,720

The Company capitalized software development costs of $4.6 million and $2.6 million for the three months ended March 31, 2022 and 2021, respectively.  

Amortization expense for capitalized software development costs was $2.8 million and $2.1 million for the three months ended March 31, 2022 and 2021, 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 March 31, 2022, for each of the following years is as follows (in thousands):

2022 (for the remaining nine months)	$	8,854
2023		9,160
2024		6,123
2025		364
	$	24,501