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Other assets	6 Months Ended
Other assets	Jun. 30, 2024
Other Assets Abstract
Other assets	Note 12 − Other assets The caption of other assets in the consolidated statements of financial condition consists of the following major categories: (In thousands) June 30, 2024 December 31, 2023 Net deferred tax assets (net of valuation allowance) $ 979,304 $ 1,009,068 Investments under the equity method 234,512 236,485 Prepaid taxes 61,760 39,052 Other prepaid expenses 32,486 29,338 Capitalized software costs 107,671 93,404 Derivative assets 25,195 24,419 Trades receivable from brokers and counterparties 47,171 23,102 Receivables from investments maturities 300,000 176,000 Principal, interest and escrow servicing advances 43,058 48,557 Guaranteed mortgage loan claims receivable 20,698 29,648 Operating ROU assets (Note 27) 104,797 116,106 Finance ROU assets (Note 27) 19,596 21,093 Assets for pension benefit 25,407 23,404 Others 170,900 144,888 Total other assets $ 2,172,555 $ 2,014,564 The Corporation regularly incurs in capitalizable costs associated with software development or licensing which are recorded within the Other Assets line item in the accompanying Consolidated Statements of Financial Condition. In addition, the Corporation incurs costs associated with hosting arrangements that are service contracts that are also recorded within Other Assets. The hosting arrangements can include capitalizable implementation costs that are amortized during the term of the hosting arrangement. The following table summarizes the composition of acquired or developed software costs as well as costs related to hosting arrangements: Gross Carrying Accumulated Net Carrying (In thousands) Amount Amortization Value June 30, 2024 Software development costs $ 80,578 $ 26,782 $ 53,796 Software license costs 46,146 24,669 21,477 Cloud computing arrangements 39,142 6,744 32,398 Total Capitalized software costs [1] [2] $ 165,866 $ 58,195 $ 107,671 December 31, 2023 Software development costs $ 76,497 $ 22,086 $ 54,411 Software license costs 42,868 18,048 24,820 Cloud computing arrangements 23,623 9,450 14,173 Total Capitalized software costs [1] [2] $ 142,988 $ 49,584 $ 93,404 [1] Software intangible assets are presented as part of Other Assets in the Consolidated Statements of Financial Condition. [2] The tables above excludes assets that have been fully amortized. Total amortization expense for all capitalized software and hosting arrangement cost, reflected as part of technology and software expenses in the consolidated statement of operations, is as follows: Quarters ended June 30, Six months ended June 30, (In thousands) 2024 2023 2024 2023 Software development and license costs $ 18,612 $ 16,151 $ 36,313 $ 31,142 Cloud computing arrangements 666 778 1,538 1,762 Total amortization expense $ 19,278 $ 16,929 $ 37,851 $ 32,904