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Capitalized Software
 12 Months Ended
Dec. 31, 2019
Capitalized Software  
Capitalized Software  
Capitalized Software

Note 12—Capitalized Software

 

Capitalized software is summarized below:

 

 

 

 

 

 

 

 

 

 

 

December 31, 

 

 

    

2019

 

2018

 

 

 

(in thousands)

 

Cost

 

$

74,325

    

$

45,039

 

Less: Accumulated amortization

 

 

(11,195)

 

 

(5,291)

 

 

 

$

63,130

 

$

39,748

 

Capitalized software pledged to secure obligations under capital lease

 

$

12,192

 

$

1,017

 

 

Software amortization expense totaled $6.0 million, $3.4 million and $1.6 million for the years ended December 31, 2019, 2018 and 2017, respectively.  The Company recorded $827,000 of impairment of capitalized software during the year ended December 31, 2017.  No such impairment was recorded for the years ended December 31, 2019 and 2018.