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Capitalized Software Costs
9 Months Ended
Dec. 31, 2021
Research And Development [Abstract]  
Capitalized Software Costs

8. Capitalized Software Costs

Our capitalized software costs are summarized as follows:

 

 

 

December 31, 2021

 

 

March 31, 2021

 

Gross carrying amount

 

$

103,411

 

 

$

96,908

 

Accumulated amortization

 

 

(61,692

)

 

 

(55,434

)

Net capitalized software costs

 

$

41,719

 

 

$

41,474

 

 

Amortization expense related to capitalized software costs was $5,975 and $4,975 for the three months ended December 31, 2021 and 2020, 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 $17,592 and $14,828 for the nine months ended December 31, 2021 and 2020, respectively.

The following table presents the remaining estimated amortization of capitalized software costs as of December 31, 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 three months)

 

$

7,400

 

2023

 

 

20,700

 

2024

 

 

9,600

 

2025

 

 

3,500

 

2026

 

 

519

 

Total

 

$

41,719