v3.26.1
CAPITALIZED SOFTWARE
6 Months Ended
Jun. 30, 2026
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,

2026

2025

(unaudited)

Capitalized software

$

171,564

$

161,402

Less accumulated amortization

 

(138,747)

 

(126,890)

Capitalized software, net of accumulated depreciation

 

32,817

 

34,512

In-process capitalized software

 

1,445

 

968

Capitalized software, net

$

34,262

$

35,480

Software development costs capitalized for the three months ended June 30, 2026 and 2025, were $4,993 and $4,904, respectively, and $10,648 and $10,565 for the six months ended June 30, 2026 and 2025, respectively.

Capitalized software amortization expense, including amortization of acquired technology, was $5,984 and $5,464 for the three months ended June 30, 2026 and 2025, respectively, and $11,866 and $11,256 for the six months ended June 30, 2026 and 2025, respectively, and is included in cost of revenues, software subscriptions in the condensed consolidated statements of comprehensive income (loss).