	June 30, 2022			March 31, 2022
Gross carrying amount	$	118,759		$	110,155
Accumulated amortization		(71,157	)		(66,197	)
Net capitalized software costs	$	47,602		$	43,958

Amortization expense related to capitalized software costs was $5,354 and $5,866 for the three months ended June 30, 2022 and 2021, respectively, and is recorded as cost of revenue in the condensed consolidated statements of net income and comprehensive income. During the three months ended, we retired $393 of fully amortized capitalized software costs that are no longer being utilized by our client base.

The following table presents the remaining estimated amortization of capitalized software costs as of June 30, 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	$	20,300
2024		15,900
2025		8,000
2026		3,402
Total	$	47,602