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Other assets	3 Months Ended
Other assets	Mar. 31, 2023
Other Assets Abstract
Other assets	Note 13 − Other assets The caption of other assets in the consolidated statements of financial condition consists of the following major categories: (In thousands) March 31, 2023 December 31, 2022 Net deferred tax assets (net of valuation allowance) $ 907,689 $ 953,676 Investments under the equity method 210,923 210,001 Prepaid taxes 34,585 39,405 Other prepaid expenses 32,131 33,384 Capitalized software costs 80,097 81,862 Derivative assets 19,365 19,229 Trades receivable from brokers and counterparties 10,638 35,099 Receivables from investments maturities 25,000 125,000 Principal, interest and escrow servicing advances 56,952 41,916 Guaranteed mortgage loan claims receivable 59,738 59,659 Operating ROU assets (Note 28) 119,895 125,573 Finance ROU assets (Note 28) 19,856 18,884 Others 126,416 104,125 Total other assets $ 1,703,285 $ 1,847,813 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 March 31, 2023 Software development costs $ 65,817 $ 19,930 $ 45,887 Software license costs 41,298 18,658 22,640 Cloud computing arrangements 21,244 9,674 11,570 Total Capitalized software costs [1] [2] $ 128,359 $ 48,262 $ 80,097 December 31, 2022 Software development costs $ 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 [1] [2] $ 121,519 $ 39,657 $ 81,862 [1] Software intangible assets is presented as part of Other Assets in the Consolidated Statements of Financial Condition. [2] The tables 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: Quarters ended March 31, (In thousands) 2023 2022 Software development and license costs $ 14,991 $ 11,755 Cloud computing arrangements 984 958 Total amortization expense $ 15,975 $ 12,713