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Hosting Arrangements
12 Months Ended
Dec. 31, 2025
Hosting Arrangements  
Hosting Arrangements

11. Hosting Arrangements

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

December 31, 

(in thousands)

2025

2024

Hosting arrangements

$

23,095

$

20,002

Accumulated amortization

 

(11,664)

 

(8,329)

Hosting arrangements, net

$

11,431

$

11,673

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 $3.3 million, $3.0 million and $2.6 million during the years ended December 31, 2025, 2024 and 2023, respectively.