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Capitalized Software Costs
3 Months Ended
Jun. 30, 2021
Research And Development [Abstract]  
Capitalized Software Costs

8. Capitalized Software Costs

Our capitalized software costs are summarized as follows:

 

 

 

June 30, 2021

 

 

March 31, 2021

 

Gross carrying amount

 

$

101,290

 

 

$

96,908

 

Accumulated amortization

 

 

(60,144

)

 

 

(55,434

)

Net capitalized software costs

 

$

41,146

 

 

$

41,474

 

 

Amortization expense related to capitalized software costs was $5,866 and $4,763 for the three months ended June 30, 2021 and 2020, respectively, and is recorded as cost of revenue in the condensed consolidated statements of net income and comprehensive income.

The following table presents the remaining estimated amortization of capitalized software costs as of June 30, 2021. 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,

 

 

 

 

2022 (remaining nine months)

 

$

19,500

 

2023

 

 

14,300

 

2024

 

 

6,300

 

2025

 

 

1,000

 

2026

 

 

46

 

Total

 

$

41,146