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Capitalized Software Costs
6 Months Ended
Sep. 30, 2020
Research And Development [Abstract]  
Capitalized Software Costs

9. Capitalized Software Costs

Our capitalized software costs are summarized as follows:

 

 

 

September 30, 2020

 

 

March 31, 2020

 

Gross carrying amount

 

$

85,445

 

 

$

75,212

 

Accumulated amortization

 

 

(46,211

)

 

 

(38,208

)

Net capitalized software costs

 

$

39,234

 

 

$

37,004

 

 

Amortization expense related to capitalized software costs was $5,090 and $4,555 for the three months ended September 30, 2020 and 2019, 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 $9,853 and $8,680 for the six months ended September 30, 2020 and 2019, respectively.

The following table presents the remaining estimated amortization of capitalized software costs as of September 30, 2020. 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,

 

 

 

 

2021 (remaining six months)

 

$

14,800

 

2022

 

 

15,700

 

2023

 

 

7,400

 

2024

 

 

1,334

 

Total

 

$

39,234