Intangible Assets, Net

3 Months Ended

Mar. 31, 2021

Intangible Assets Net Excluding Goodwill [Abstract]

Intangible Assets, Net

3. Intangible assets, net

Intangible assets other than goodwill consist of the following:

		March 31, 2021							December 31, 2020
(In thousands)	Amortization Period	Gross Amount		Accumulated Amortization			Net		Gross Amount		Accumulated Amortization			Net
Software developed for internal use	5-10 years	$	38,399	$	(10,834	)	$	27,565	$	36,804	$	(9,634	)	$	27,170

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 $1,203 and $850 were included in depreciation and amortization expense for the three months ended March 31, 2021 and 2020, respectively. As of March 31, 2021, intangible assets of $2,974, 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 $1,598 and $2,126 during the three months ended March 31, 2021 and 2020, respectively.

As of March 31, 2021, estimated amortization expense related to the Company’s intangible assets for the remainder of 2021 through 2026 and thereafter are as follows:

(In thousands)
Year	March 31, 2021
Remainder of 2021	$	3,697
2022		5,075
2023		5,425
2024		4,787
2025		3,594
2026 and thereafter		4,987
Total	$	27,565