Our capitalized software costs are summarized as follows:


	September 30, 2023			March 31, 2023
Gross carrying amount	$	139,371		$	131,791
Accumulated amortization		(79,496	)		(77,275	)
Net capitalized software costs	$	59,875		$	54,516

Amortization expense related to capitalized software costs was $6,125 and $5,371 for the three months ended September 30, 2023 and 2022, respectively, and is recorded as cost of revenue in the condensed consolidated statements of net income and comprehensive income.

Amortization expense related to capitalized software costs was $12,061, and $10,725 for the six months ended September 30, 2023 and 2022, respectively.

During the six months ended September 30, 2023, we retired $9,841 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 September 30, 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	$	17,100
2025		24,100
2026		13,400
2027		5,275
Total	$	59,875