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Capitalized Software, net
12 Months Ended
Dec. 31, 2021
Prepaid Expenses and Other Current Assets  
Capitalized Software, net

6. Capitalized Software, net

For the years ended December 31, 2021 and 2020 the Company capitalized $23.6 million and $6.2 million, and recognized amortization expense of $7.3 million and $4.0 million, respectively.

Estimated amortization expense for the years ending December 31, 2022 through December 31, 2024 is as follows:

    

Amortization

(In thousands)

Expense

Year:

 

  

2022

$

10,648

2023

 

8,914

2024

 

4,728

Estimated amortization expense can be affected by various factors, including new software releases, acquisitions or divestitures of software and/or impairments.

The following represents capitalized software balances as of December 31, 2021 and 2020:

2021

2020

    

Gross

    

Accumulated

    

Net

    

Gross

    

Accumulated

    

Net

(In thousands)

Amount

Amortization

Amount

Amount

Amortization

Amount

Capitalized software

$

42,192

$

(17,902)

$

24,290

$

18,638

$

(10,584)

$

8,054