Intangible Assets, Net

6 Months Ended

Jun. 30, 2022

Intangible Assets, Net (Excluding Goodwill) [Abstract]

3. Intangible assets, net

Intangible assets other than goodwill consist of the following:


		June 30, 2022							December 31, 2021
(In thousands)	Amortization Period	Gross Amount		Accumulated Amortization			Net		Gross Amount		Accumulated Amortization			Net
Software developed for internal use	5-10 years	$	47,598	$	(17,824	)	$	29,774	$	42,982	$	(14,801	)	$	28,181

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, travel expenses incurred by relevant employees, and other relevant costs.

Amortization expenses of $1,551 and $1,272 for the three months ended June 30, 2022 and 2021, respectively, and $3,023 and $2,475 for the six months ended June 30, 2022 and 2021, respectively, were included in depreciation and amortization expense. As of June 30, 2022, intangible assets of $4,194, included in the gross amounts of software developed for internal use, have not started amortization, as they are not ready for their intended use.

The Company capitalized costs of software developed for internal use of $2,521 and $1,517 during the three months ended June 30, 2022 and 2021, respectively, and $4,616 and $3,115 during the six months ended June 30, 2022 and 2021, respectively.

As of June 30, 2022, estimated amortization expense related to the Company’s intangible assets for the remainder of 2022 through 2027 and thereafter are as follows:


(In thousands)
Year	June 30, 2022
Remainder of 2022		3,471
2023		7,130
2024		6,503
2025		5,295
2026		3,836
2027 and thereafter		3,539
Total	$	29,774