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Hosting Arrangements

12 Months Ended

Dec. 31, 2023

Hosting Arrangements

Hosting Arrangements

11. Hosting Arrangements

We have hosting arrangements that are service contracts for cloud applications including our ERP, mobile workforce, telematics and inventory management tools.

Capitalized implementation costs and accumulated amortization related to our hosting arrangements that are service contracts are as follows:

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​	​	​	​	​	​	​
​	​	December 31,
(in thousands)	​	2023		​	2022
Hosting arrangements	​	$	17,832	​	$	15,675
Accumulated amortization	​		(5,320)	​		(2,637)
Hosting arrangements, net	​	$	12,512	​	$	13,038

​

These costs are included in other assets in our consolidated balance sheets. Amortization expense, which is recorded in SG&A in our consolidated statements of operations, was $2.6 million, $2.0 million and $0.3 million during December 31, 2023, 2022 and 2021, respectively.

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