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Capitalized Software Costs
12 Months Ended
Mar. 31, 2019
Research And Development [Abstract]  
Capitalized Software Costs

8. Capitalized Software Costs

Our capitalized software costs are summarized as follows:

 

 

 

March 31, 2019

 

 

March 31, 2018

 

Gross carrying amount

 

$

59,782

 

 

$

50,361

 

Accumulated amortization

 

 

(21,927

)

 

 

(24,043

)

Net capitalized software costs

 

$

37,855

 

 

$

26,318

 

 

During the year ended March 31, 2019, 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 $11,338, $6,518, and $7,892 for the years ended March 31, 2019, 2018, and 2017, respectively, and is recorded as cost of revenue in the consolidated statements of net income and comprehensive income.

The following table presents the remaining estimated amortization of capitalized software costs as of March 31, 2019. 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,

 

 

 

 

2020

 

$

19,000

 

2021

 

 

11,800

 

2022

 

 

6,300

 

2023

 

 

755

 

Total

 

$

37,855