CAPITALIZED SOFTWARE, NET

12 Months Ended

Dec. 31, 2023

Indefinite-Lived Intangible Assets (Excluding Goodwill) [Abstract]

12. CAPITALIZED SOFTWARE, NET


	For the Year Ended December 31,
	2023			2022
Cost
As at January 1		34,546			37,492
Additions		1,794			1,677
Recovery of software development expenditures		(127	)		(263	)
Disposals		(6,641	)		(1,990	)
Exchange differences		680			(2,370	)
As at December 31		30,252			34,546
Accumulated amortization
As at January 1		30,140			30,097
Amortization expense		840			3,887
Disposals		(3,766	)		(1,916	)
Exchange differences		588			(1,928	)
As at December 31		27,802			30,140
Net book value		2,450			4,406

The disposal of capitalized software in 2023 with a net book value of $2.9 million, relates to the AWI transaction (refer to Note 7).

Estimated amortization expense on capitalized software is $0.8 million in 2024, $0.8 million in 2025, $0.5 million in 2026, $0.3 million in 2027, and $0.1 million in 2028.

During the year ended December 31, 2022, amortization expense was impacted by $1.0 million of incremental amortization on the acceleration of useful lives associated with discontinued product lines (refer to Note 6). Amortization expense for the year ended December 31, 2023, was not impacted by any incremental amortization of this kind.