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Other assets (Tables) | 9 Months Ended
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Sep. 30, 2022
Other Assets Abstract |
Other Assets by Major Categories |
(In thousands) | September 30, 2022 | December 31, 2021
Net deferred tax assets (net of valuation allowance) | $ | 907,419 | $ | 657,597
Investments under the equity method |  | 203,172 |  | 298,988
Prepaid taxes |  | 46,818 |  | 37,924
Other prepaid expenses |  | 42,682 |  | 34,937
Capitalized software costs |  | 82,246 |  | 44,908
Derivative assets |  | 16,653 |  | 26,093
Trades receivable from brokers and counterparties |  | 13,203 |  | 65,460
Principal, interest and escrow servicing advances |  | 44,144 |  | 53,942
Guaranteed mortgage loan claims receivable |  | 77,618 |  | 98,001
Operating ROU assets (Note 28) |  | 119,471 |  | 141,748
Finance ROU assets (Note 28) |  | 18,705 |  | 13,459
Others |  | 128,247 |  | 155,514
Total other assets | $ | 1,700,378 | $ | 1,628,571
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
September 30, 2022 |  |  |  |  |  |
| Software development costs [1] | $ | 74,845 | $ | 24,562 | $ | 50,283
| Software license costs |  | 201,314 |  | 180,212 |  | 21,102
| Cloud computing arrangements |  | 22,661 |  | 11,800 |  | 10,861
Total Capitalized software costs | $ | 298,820 | $ | 216,574 | $ | 82,246
December 31, 2021 |  |  |  |  |  |
| Software development costs | $ | 40,033 | $ | 18,972 | $ | 21,061
| Software license costs |  | 168,862 |  | 154,571 |  | 14,291
| Cloud computing arrangements |  | 18,346 |  | 8,790 |  | 9,556
Total Capitalized software costs | $ | 227,241 | $ | 182,333 | $ | 44,908
[1] | Software development costs includes $28.7 million acquired as part of the Evertec Transactions.
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 equipment expenses, is as follows:
|  | Quarters ended September 30, | Nine months ended September 30,
(In thousands) | 2022 | 2021 | 2022 | 2021
Software development and license costs | $ | 14,589 | $ | 11,741 | $ | 39,357 | $ | 33,429
Cloud computing arrangements |  | 983 |  | 887 |  | 3,010 |  | 2,818
Total amortization expense | $ | 15,572 | $ | 12,628 | $ | 42,367 | $ | 36,247

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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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