Company: ACIW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000935036-25-000013
Chunk: 66

Company: ACI WORLDWIDE, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 66
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 additional funding mechanism for timing differences that can occur in the bill payment settlement process. Amounts outstanding on the overdraft facility are included in other current liabilities in the condensed consolidated balance sheet. As of March 31, 2025 and December 31, 2024, there was $75.0 million available and no amount outstanding on the overdraft facility. 

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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):March 31, 2025December 31, 2024Gross Carrying AmountAccumulated AmortizationNet BalanceGross Carrying AmountAccumulated AmortizationNet BalanceSoftware for internal use$490,497 $(406,759)$83,738 $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 March 31, 2025 and 2024, totaled $15.6 million and $15.5 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):March 31, 2025December 31, 2024Gross Carrying AmountAccumulated AmortizationNet BalanceGross Carrying AmountAccumulated AmortizationNet BalanceCustomer relationships$447,001 $(286,285)$160,716 $444,385 $(279,008)$165,377 Other intangible assets amortization expense recorded during the three months ended March 31, 2025 and 2024, totaled $5.2 million and $8.5 million, respectively.Based on capitalized intangible assets as of March 31, 2025, estimated amortization expense amounts in future fiscal years are as follows (in thousands):Fiscal Year Ending December 31,Software AmortizationOther Intangible Assets AmortizationRemainder of 2025$40,022 $15,751 202629,967 21,001 202710,883 20,737 20282,636 18,338 202923