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Other assets (Tables) | 3 Months Ended
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Mar. 31, 2025
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, 2025 December 31, 2024 Net deferred tax assets (net of valuation allowance) $ 887,454 $ 926,329 Investments under the equity method 250,489 251,537 Prepaid taxes 34,808 42,909 Other prepaid expenses 24,537 28,376 Capitalized software costs 159,071 136,442 Derivative assets 20,828 25,975 Trades receivable from brokers and counterparties 1,530 588 Receivables from investments maturities - 14,600 Principal, interest and escrow servicing advances 40,227 43,793 Guaranteed mortgage loan claims receivable 15,709 17,226 Operating ROU assets (Note 27) 93,922 93,389 Finance ROU assets (Note 27) 18,432 19,174 Assets for pension benefit 33,868 33,233 Others 161,665 164,188 Total other assets $ 1,742,540 $ 1,797,759
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, 2025 Software development costs $ 81,408 $ 26,453 $ 54,955 Software license costs 55,536 26,480 29,056 Cloud computing arrangements 82,714 7,654 75,060 Total Capitalized software costs [1] [2] $ 219,658 $ 60,587 $ 159,071 December 31, 2024 Software development costs $ 79,233 $ 23,057 $ 56,176 Software license costs 42,234 21,459 20,775 Cloud computing arrangements 65,797 6,306 59,491 Total Capitalized software costs [1] [2] $ 187,264 $ 50,822 $ 136,442 [1] Software intangible assets are presented as part of Other Assets in the Consolidated Statements of Financial Condition. [2] The tables above excludes 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) 2025 2024 Software development and license costs $ 21,728 $ 17,701 Cloud computing arrangements 1,366 872 Total amortization expense $ 23,094 $ 18,573

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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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- Definition Tabular disclosure of the carrying amounts of other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
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