v3.26.1
Other assets (Tables)
3 Months Ended
Mar. 31, 2026
Other Assets Abstract  
Other Assets by Major Categories
The caption of other assets in the Consolidated
 
Statements of Financial Condition consists of the
 
following major categories:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(In thousands)
March 31, 2026
December 31, 2025
Net deferred tax assets (net of valuation allowance)
$
811,150
$
814,265
Investments under the equity method
280,246
261,687
Prepaid taxes
33,621
42,762
Other prepaid expenses
24,984
25,542
Capitalized software costs
193,973
183,381
Derivative assets
23,917
27,913
Trades receivable from brokers and counterparties
551
245
Principal, interest and escrow servicing advances
27,678
30,252
Guaranteed mortgage loan claims receivable
7,093
9,184
Operating ROU assets
97,803
95,234
Finance ROU assets
 
24,383
23,686
Assets for pension benefit
39,497
38,157
Others
166,873
153,669
Total other assets
$
1,731,769
$
1,705,977
Composition of acquired or developed software costs
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, 2026
Software development costs
$
104,516
$
37,735
$
66,781
Software license costs
73,116
39,149
33,967
Cloud computing arrangements
111,549
18,324
93,225
Total Capitalized
 
software costs [1] [2]
$
289,181
$
95,208
$
193,973
December 31, 2025
Software development costs
$
103,628
$
34,170
$
69,458
Software license costs
46,538
24,475
22,063
Cloud computing arrangements
106,410
14,550
91,860
Total Capitalized
 
software costs [1] [2]
$
256,576
$
73,195
$
183,381
[1]
Software intangible assets are presented as part of Other
 
Assets in the Consolidated Statements of Financial Condition.
[2]
The tables above exclude assets that have been fully
 
amortized.
Amortization expense for all capitalized software and hosting arrangement cost
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)
2026
2025
Software development and license costs
$
23,956
$
21,728
Cloud computing arrangements
3,601
1,366
Total amortization
 
expense
$
27,557
$
23,094