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Capitalized Software, net
12 Months Ended
Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Capitalized Software, net 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:
(In thousands)Amortization Expense
Year:
2022$10,648 
20238,914 
20244,728 
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:
20212020
(In thousands)
Gross
Amount
Accumulated
Amortization
Net
Amount
Gross
Amount
Accumulated
Amortization
Net
Amount
Capitalized software$42,192 $(17,902)$24,290 $18,638 $(10,584)$8,054