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Capitalized Software Costs
9 Months Ended
Dec. 31, 2018
Research And Development [Abstract]  
Capitalized Software Costs

7. Capitalized Software Costs

Our capitalized software costs are summarized as follows:

 

 

 

December 31, 2018

 

 

March 31, 2018

 

Gross carrying amount

 

$

51,760

 

 

$

50,361

 

Accumulated amortization

 

 

(18,292

)

 

 

(24,043

)

Net capitalized software costs

 

$

33,468

 

 

$

26,318

 

 

During the nine months ended December 31, 2018, we retired $13,453 of fully amortized capitalized software costs that are no longer being utilized by our client base.

 

Amortization expense related to capitalized software costs was $2,811 and $1,838 for the three months ended December 31, 2018 and 2017, respectively, and is recorded as cost of revenue in the consolidated statements of comprehensive income.

 

Amortization expense related to capitalized software costs was $7,703 and $4,409 for the nine months ended December 31, 2018 and 2017, respectively.

The following table presents the remaining estimated amortization of capitalized software costs as of December 31, 2018. 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,

 

 

 

 

2019 (remaining three months)

 

$

4,900

 

2020

 

 

15,400

 

2021

 

 

8,800

 

2022

 

 

4,368

 

Total

 

$

33,468