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Capitalized Software, net
6 Months Ended
Jun. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Capitalized Software, net Capitalized Software, net
For the six months ended June 30, 2022 and 2021, the Company capitalized $20.4 million and $7.1 million, respectively, of internal use software and recognized amortization expense of $7.4 million and $3.0 million, respectively.
Estimated amortization expense for the years ending December 31, 2022 through December 31, 2025 is as follows:
(In thousands)Amortization Expense
Year:
2022 (excluding the six months ended June 30, 2022)
$8,514 
2023
15,714 
2024
11,519 
2025
1,551 
The following represents capitalized software balances as of June 30, 2022 and December 31, 2021:
June 30, 2022December 31, 2021
(In thousands)
Gross
Amount
Accumulated
Amortization
Net
Amount
Gross
Amount
Accumulated
Amortization
Net
Amount
Capitalized software$62,573 $(25,275)$37,298 $42,192 $(17,902)$24,290