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Intangible assets, net
9 Months Ended
Sep. 30, 2018
Intangible Assets Net Excluding Goodwill [Abstract]  
Intangible assets, net

4. Intangible assets, net

Intangible assets other than goodwill consist of the following:

 

 

 

 

 

September 30, 2018

 

 

December 31, 2017

 

(In thousands)

 

Amortization

Period

 

Gross Amount

 

 

Accumulated Amortization

 

 

Net

 

 

Gross Amount

 

 

Accumulated Amortization

 

 

Net

 

Software developed for internal use

 

5-10 years

 

$

21,455

 

 

$

(2,524

)

 

$

18,931

 

 

$

16,642

 

 

$

(1,289

)

 

$

15,353

 

 

The gross amount associated with software developed for internal use represents capitalized costs of internally-developed software, including eligible salaries and staff benefits, share-based compensation, traveling expenses incurred by relevant employees, and other relevant costs.

Amortization expenses of $445 and $217 for the three months ended September 30, 2018 and 2017, respectively, and $1,235 and $528 for the nine months ended September 30, 2018 and 2017, respectively, were included in depreciation and amortization expense. As of September 30, 2018, intangible assets of $3,719, included in the gross amounts of software developed for internal use, have not started amortization, as they are not ready for their intended use.

As of September 30, 2018, estimated amortization expense related to the Company’s intangible assets for the remainder of 2018 through 2023 and thereafter are as follows:

 

(In thousands)

 

 

 

 

Year

 

September 30, 2018

 

Remainder of 2018

 

$

458

 

2019

 

 

2,331

 

2020

 

 

2,330

 

2021

 

 

2,328

 

2022

 

 

2,327

 

2023 and thereafter

 

 

9,157

 

Total

 

$

18,931