Company: ACIW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000935036-25-000019
Chunk: 37

Company: ACI WORLDWIDE, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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 financed certain multi-year license agreements for internal-use software for $14.3 million, with annual payments through May 2027. As of June 30, 2025, $9.5 million was outstanding on these agreements, of which $4.8 million and $4.7 million is included in other current liabilities and other noncurrent liabilities, respectively, in the condensed consolidated balance sheet. 

4. Software and Other Intangible Assets

The carrying amount and accumulated amortization of the Company's software assets subject to amortization at each balance sheet date are as follows (in thousands):June 30, 2025December 31, 2024Gross Carrying AmountAccumulated AmortizationNet BalanceGross Carrying AmountAccumulated AmortizationNet BalanceSoftware for internal use$499,381 $(410,807)$88,574 $488,257 $(395,364)$92,893 Amortization of software for internal use is computed using the straight-line method over an estimated useful life of generally three to eight years. Software for internal use amortization expense recorded during the three months ended June 30, 2025 and 2024, totaled $15.6 million and $15.8 million, respectively. Software for internal use amortization expense recorded during the six months ended June 30, 2025 and 2024, totaled $31.2 million and $31.3 million, respectively. These software amortization expense amounts are reflected in depreciation and amortization in the condensed consolidated statements of operations.The carrying amount and accumulated amortization of the Company’s other intangible assets subject to amortization at each balance sheet date are as follows (in thousands):June 30, 2025December 31, 2024Gross Carrying AmountAccumulated AmortizationNet BalanceGross Carrying AmountAccumulated AmortizationNet BalanceCustomer relationships$452,282 $(295,744)$156,538 $444,385 $(279,008)$165,377 

15

Other intangible assets amortization expense recorded during the three months ended June 30, 2025 and 2024, totaled $5.3 million and $8.2 million, respectively. Other intangible assets amortization expense recorded during the six months ended June 30, 2025 and 2024, totaled $10.5 million and $16.7 million, respectively.Based on capitalized intangible assets as of June