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Software Development Costs (Tables) | 12 Months Ended
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Dec. 31, 2022
Research and Development [Abstract] |
Components of Software Development Costs | The components of software development costs, net of accumulated amortization are as follows:
|  | December 31,
|  | 2022 |  | 2021
|  | (in thousands)
Software development costs |  | $ | 308,482 |  |  | $ | 270,672 |
Accumulated amortization |  | (166,649) |  |  | (114,469) |
Software development costs, net of accumulated amortization |  | $ | 141,833 |  |  | $ | 156,203 |
Schedule of Non-capitalized Software Costs and Routine Maintenance Costs | Capitalized software development costs and amortization expense are as follows:
|  | Year Ended
|  | December 31,
|  | 2022 |  | 2021 |  | 2020
|  | (in thousands)
Software development costs capitalized (1) |  | $ | 37,810 |  |  | $ | 34,470 |  |  | $ | 31,046 |
Amortization expense related to capitalized software development costs |  | $ | 52,180 |  |  | $ | 47,116 |  |  | $ | 36,102 |
(1)Software development costs capitalized does not include acquired software development costs. See Note 4 – Acquisitions.
Estimated Annual Future Amortization for Existing Intangible Assets | The estimated annual future amortization for software development costs through December 31, 2027 is as follows:
|  | Amount
|  | (in thousands)
2023 |  | $ | 47,730 |
2024 |  | $ | 36,648 |
2025 |  | $ | 24,691 |
2026 |  | $ | 18,722 |
2027 |  | $ | 14,042 |
The estimated annual future amortization for definite-lived intangible assets through December 31, 2027 is as follows:
|  | Amount
|  | (in thousands)
2023 |  | $ | 107,198 |
2024 |  | $ | 107,198 |
2025 |  | $ | 101,684 |
2026 |  | $ | 85,141 |
2027 |  | $ | 85,141 |

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