Capitalized Software

12 Months Ended

Dec. 31, 2017

(12) Capitalized Software

The following is a summary of capitalized software costs at December 31 (dollars in thousands):


	2017		2016
Capitalized software costs	$	86,316	$	82,877
Less: accumulated amortization		45,057		44,271
Total	$	41,259	$	38,606

Software costs totaling $27.8 million and $24.6 million were capitalized in 2017 and 2016, respectively, related to the continued development of new features and functionalities across the entire ITG product line. During 2017, capitalized software costs and related accumulated amortization were each reduced by $25.0 million for fully amortized costs.

Other general and administrative expenses in the Consolidated Statements of Operations included $25.6 million, $25.1 million and $24.6 million related to the amortization of capitalized software costs in 2017, 2016 and 2015, respectively. As of December 31, 2017 and 2016, there were no capitalized software costs not subject to amortization.

- 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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