For the nine months ended September 30, 2022 and 2021, the Company capitalized $28.8 million and $13.5 million, respectively, of internal use software and recognized amortization expense of $12.1 million and $4.9 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 nine months ended September 30, 2022)	$	4,785
2023	18,523
2024	14,483
2025	3,258

The following represents capitalized software balances as of September 30, 2022 and December 31, 2021:


	September 30, 2022						December 31, 2021
(In thousands)	Gross Amount		Accumulated Amortization		Net Amount		Gross Amount		Accumulated Amortization		Net Amount
Capitalized software	$	71,037	$	(29,988)	$	41,049	$	42,192	$	(17,902)	$	24,290