XML 103 R20.htm IDEA: XBRL DOCUMENT v3.22.4
Deferred Sales Commissions, Net
 12 Months Ended
Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Deferred Sales Commissions, Net Deferred Sales Commissions, Net
The components of deferred sales commissions, net for the years ended December 31, 2022 and 2021 were as follows (excluding amounts related to fully amortized deferred sales commissions):
Years Ended December 31
20222021
(in thousands)
Carrying amount of deferred sales commissions$172,181 $177,233 
Less: Accumulated amortization(66,184)(53,976)
Cumulative CDSC received(53,747)(48,358)
Deferred sales commissions, net$52,250 $74,899 
Amortization expense was $34.8 million, $34.4 million and $27.4 million for the years ended December 31, 2022, 2021 and 2020, respectively. Estimated future amortization expense related to the December 31, 2022 net asset balance, assuming no additional CDSC is received in future periods, is as follows (in thousands):
2023$28,683 
202417,848 
20255,309 
2026410 
Total$52,250