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Other assets	12 Months Ended
Other assets	Dec. 31, 2022
Other Assets Abstract
Other assets	Note 14 − Other assets The caption of other assets in the consolidated statements of financial condition consists of the following major categories: (In thousands) December 31, 2022 December 31, 2021 Net deferred tax assets (net of valuation allowance) $ 953,676 $ 657,597 Investments under the equity method 210,001 298,988 Prepaid taxes 39,405 37,924 Other prepaid expenses 33,384 34,937 Capitalized software costs 81,862 44,908 Derivative assets 19,229 26,093 Trades receivable from brokers and counterparties 35,099 65,460 Receivables from investments maturities 125,000 - Principal, interest and escrow servicing advances 41,916 53,942 Guaranteed mortgage loan claims receivable 59,659 98,001 Operating ROU assets (Note 33) 125,573 141,748 Finance ROU assets (Note 33) 18,884 13,459 Others 104,125 155,514 Total other assets $ 1,847,813 $ 1,628,571 The Corporation regularly incurs in capitalizable costs associated with software development or licensing which are recorded within the Other Assets line item in the accompanying Consolidated Statements of Financial Condition. In addition, the Corporation incurs costs associated with hosting arrangements that are service contracts that are also recorded within Other Assets. The hosting arrangements can include capitalizable implementation costs that are amortized during the term of the hosting arrangement. The following table summarizes the composition of acquired or developed software costs as well as costs related to hosting arrangements: Gross Carrying Accumulated Net Carrying (In thousands) Amount Amortization Value December 31, 2022 Software development costs [1] $ 63,609 $ 16,803 $ 46,806 Software license costs 37,165 14,164 23,001 Cloud computing arrangements 20,745 8,690 12,055 Total Capitalized software costs [2] $ 121,519 $ 39,657 $ 81,862 December 31, 2021 Software development costs $ 40,033 $ 18,972 $ 21,061 Software license costs 168,862 154,571 14,291 Cloud computing arrangements 18,346 8,790 9,556 Total Capitalized software costs $ 227,241 $ 182,333 $ 44,908 [1] Software development costs includes $ 28.7 million acquired as part of the Evertec Transactions. [2] At December 31, 2022 the table above excludes assets which have been fully amortized. Total amortization expense for all capitalized software and hosting arrangement cost, reflected as part of technology and software expenses in the consolidated statement of operations, is as follows: Year ended December 31, (In thousands) 2022 2021 2020 Software development and license costs $ 55,011 $ 45,577 $ 43,259 Cloud computing arrangements 3,805 3,867 2,206 Total amortization expense $ 58,816 $ 49,444 $ 45,465