PROPERTY AND EQUIPMENT, NET

9 Months Ended

Sep. 30, 2011

NOTE 7 – PROPERTY AND EQUIPMENT, NET

As of September 30, 2011 and December 31, 2010, property and equipment, net consisted of the following:

	September 30,		December 31,
	2011		2010
Computer equipment	$	18,235	$	17,510
Furniture and equipment		10,926		13,762
Capitalized software costs		32,169		31,800
Leasehold and building improvements		21,758		23,265
		83,088		86,337
Less: accumulated depreciation and amortization		65,962		69,744
Property and equipment, net	$	17,126	$	16,593

For the nine months ended September 30, 2011, the Company acquired computer equipment with costs of $1,197 under capital lease agreements. The current portion of the capital lease obligation included under the caption “Accrued expense and other current liabilities” in the Condensed Consolidated Balance Sheets was $375 as of September 30, 2011. The non-current portion of the capital lease obligation included under the caption “Other non-current liabilities” in the Condensed Consolidated Balance Sheets was $741 as of September 30, 2011.

The Company had expenditures of approximately $1,178 and $343 for acquired property and equipment, mainly consisting of computer equipment, leasehold improvements and software development, which had not been placed in service as of September 30, 2011 and December 31, 2010, respectively. Depreciation expense is not recorded for such assets until they are placed in service.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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