Capitalized Software, Net

12 Months Ended

Dec. 31, 2022

Capitalized Computer Software, Net [Abstract]

8. Capitalized Software, Net

The following table presents details of our capitalized software, net as follows:


	December 31,
(in thousands)	2022			2021
Capitalized software costs	$	109,752		$	63,752
Less: Accumulated amortization		(39,680	)		(18,765	)
Total capitalized software, net	$	70,072		$	44,987

For the years ended December 31, 2022, 2021 and 2020, amortization expense was $26.4 million, $12.2 million and $4.4 million, respectively. Amortization had not started on $11.2 million of capitalized software costs that were not yet ready for intended use as of December 31, 2022.

At December 31, 2022, the expected amortization of capitalized software, net that has been placed into service for future periods was as follows:


(in thousands)
Year Ending December 31,
2023	$	28,743
2024		21,889
2025		8,221
	$	58,853