Our capitalized software costs are summarized as follows:


	March 31, 2023			March 31, 2022
Gross carrying amount	$	131,791		$	110,155
Accumulated amortization		(77,275	)		(66,197	)
Net capitalized software costs	$	54,516		$	43,958

Amortization expense related to capitalized software costs was $22,571, $23,016, and $20,108 for the years ended March 31, 2023, 2022, and 2021, respectively, and is recorded as cost of revenue in the consolidated statements of net income and comprehensive income.

During the year ended March 31, 2023, we retired $10,562 of fully amortized capitalized software costs that are no longer being utilized by our client base.

The following table presents the remaining estimated amortization of capitalized software costs as of March 31, 2023. The estimated amortization is comprised of (i) amortization of released products and (ii) the expected amortization for products that are not yet available for sale based on their estimated economic lives and projected general release dates.


For the year ended March 31,
2024	$	27,600
2025		16,200
2026		8,900
2027		1,816
Total	$	54,516