Intangible Assets, Net

6 Months Ended

Jun. 30, 2019

Intangible Assets Net Excluding Goodwill [Abstract]

Intangible Assets, Net

3. Intangible assets, net

Intangible assets other than goodwill consist of the following:

		June 30, 2019							December 31, 2018
(In thousands)	Amortization Period	Gross Amount		Accumulated Amortization			Net		Gross Amount		Accumulated Amortization			Net
Software developed for internal use	5-10 years	$	26,221	$	(4,190	)	$	22,031	$	22,990	$	(3,019	)	$	19,971

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

Amortization expenses of $617 and $417 for the three months ended June 30, 2019 and 2018, respectively, and $1,171 and $790 for the six months ended June 30, 2019 and 2018, respectively, were included in depreciation and amortization expense. As of June 30, 2019, intangible assets of $3,515, 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 internally-developed software of $1,651 and $1,518 during the three months ended June 30, 2019 and 2018, respectively, and $3,231 and $3,069 for the six months ended June 30, 2019 and 2018, respectively.

As of June 30, 2019, estimated amortization expense related to the Company’s intangible assets for the remainder of 2019 through 2023 and thereafter are as follows:

(In thousands)
Year	June 30, 2019
Remainder of 2019	$	1,307
2020		3,304
2021		3,303
2022		3,301
2023		3,226
2024 and thereafter		7,590
Total	$	22,031