Computer Software, net

12 Months Ended

Dec. 31, 2015

Note 9

Computer Software, net

Computer software as of December 31, 2015 and 2014 is summarized as follows:


(in thousands)	2015		2014
Licensed computer software	$	513,443		435,701
Software development costs		404,238		376,026
Acquisition technology intangibles		167,971		167,687

Total computer software		1,085,652		979,414

Less accumulated amortization:
Licensed computer software		282,563		243,866
Software development costs		287,863		275,512
Acquisition technology intangibles		110,156		93,888

Total accumulated amortization		680,582		613,266

Computer software, net	$	405,070		366,148

The Company held the following computer software under capital lease as of December 31, 2015 and 2014:


(in thousands)	2015			2014
Licensed computer software	$	18,206			17,625
Less accumulated amortization		(8,175	)		(4,816	)

Licensed computer software, net	$	10,031			12,809

Amortization expense includes amounts for computer software acquired under capital lease. The Company had the following amortization expense related to computer software for the years ended December 31, 2015, 2014 and 2013:


(in thousands)	2015		2014		2013
Amortization expense related to:
Licensed computer software	$	41,823		36,775		33,511
Software development costs		22,740		25,248		21,430
Acquisition technology intangibles		16,734		19,683		15,855

The weighted average useful life for each component of computer software, and in total, as of December 31, 2015, is as follows:


	Weighted Average Amortization Period (Yrs)
Licensed computer software		5.4
Software development costs		6.1
Acquisition technology intangibles		6.8

Total		5.9

Estimated future amortization expense of licensed computer software, software development costs and acquisition technology intangibles as of December 31, 2015 for the next five years is:


(in thousands)	Licensed Computer Software		Software Development Costs		Acquisition Technology Intangibles
2016	$	36,207		27,312		15,352
2017		31,034		21,608		13,868
2018		25,345		16,041		11,393
2019		13,617		9,916		11,393
2020		8,899		7,343		5,734

- Definition

The entire disclosure for research, development, and computer software activities, including contracts and arrangements to be performed for others and with federal government. Includes costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility and in-process research and development acquired in a business combination consummated during the period.

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