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Capitalized Software Costs
12 Months Ended
Mar. 31, 2022
Research And Development [Abstract]  
Capitalized Software Costs

9. Capitalized Software Costs

Our capitalized software costs are summarized as follows:

 

 

 

March 31, 2022

 

 

March 31, 2021

 

Gross carrying amount

 

$

110,155

 

 

$

96,908

 

Accumulated amortization

 

 

(66,197

)

 

 

(55,434

)

Net capitalized software costs

 

$

43,958

 

 

$

41,474

 

 

During the year ended March 31, 2020, we recorded $3,198 of impairments related to the write down of previously capitalized software development costs for certain technology that will no longer be utilized in any future software solutions. Amortization expense related to capitalized software costs was $23,016, $20,108, and $17,085 for the years ended March 31, 2022, 2021, and 2020, 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, 2022. 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,

 

 

 

 

2023

 

$

24,000

 

2024

 

 

12,300

 

2025

 

 

5,600

 

2026

 

 

2,058

 

Total

 

$

43,958