Capitalized Software Development Costs (Notes)

3 Months Ended

Mar. 31, 2019

Capitalized Software Development Costs Disclosure [Abstract]

Research, Development, and Computer Software Disclosure [Text Block]

Capitalized Software Development Costs

In accordance with the relevant authoritative accounting literature, the Company has capitalized certain software and product related development costs associated with both the Company’s continuing medical education service offerings, the Company’s development of its property and casualty underwriting insurance data exchange platform servicing the London markets, and mobile applications and software enhancements under development for its EbixCash products. During the three months ended March 31, 2019 and 2018, respectively, the Company capitalized $1.7 million and $622 thousand of such development costs. As of March 31, 2019 and December 31, 2018, a total of $12.9 million and $11.7 million, respectively, of remaining unamortized development costs are reported on the Company’s consolidated balance sheet. During the three months ended March 31, 2019 and 2018, the Company recognized $596 thousand and $525 thousand, respectively, of amortization expense with regards to these capitalized software development costs, which is included in costs of services provided in the Company’s consolidated income statement.