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Capitalized Software, Net
12 Months Ended
Dec. 31, 2023
Capitalized Computer Software, Net [Abstract]  
Capitalized Software, Net Capitalized Software, Net
The following table presents details of our capitalized software, net as follows:
December 31,
(in thousands)20232022
Capitalized software costs$170,645 $109,752 
Less: Accumulated amortization(75,206)(39,680)
Total capitalized software, net$95,439 $70,072 
For the years ended December 31, 2023, 2022 and 2021, amortization expense was $43.9 million, $26.4 million and $12.2 million, respectively. Amortization had not started on $15.8 million of capitalized software costs that were not yet ready for intended use as of December 31, 2023.
At December 31, 2023, 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,
2024$40,755 
202527,503 
202611,412 
$79,670