v3.25.2
CAPITALIZED SOFTWARE
6 Months Ended
Jun. 30, 2025
CAPITALIZED SOFTWARE  
CAPITALIZED SOFTWARE

6.    CAPITALIZED SOFTWARE

Capitalized software includes acquired software and direct labor and related expenses for software developed for sale for new products and enhancements to existing products.

The major components of capitalized software are as follows:

As of June 30, 

As of December 31,

2025

2024

(unaudited)

Capitalized software

$

151,572

$

140,562

Less accumulated amortization

 

(116,431)

 

(105,175)

Capitalized software, net of accumulated depreciation

 

35,141

 

35,387

In-process capitalized software

 

518

 

963

Capitalized software, net

$

35,659

$

36,350

Software development costs capitalized for the three months ended June 30, 2025 and 2024, were $4,904 and $5,482, respectively, and $10,565 and $11,097 for the six months ended June 30, 2025 and 2024, respectively.

Capitalized software amortization expense, including amortization of acquired technology, was $5,464 and $6,174 for the three months ended June 30, 2025 and 2024, respectively, and $11,256 and $12,028 for the six months ended June 30, 2025 and 2024, respectively, and is included in cost of revenues, software subscriptions in the condensed consolidated statements of comprehensive income (loss).