4. PROPERTY AND EQUIPMENT

Property and equipment consisted of the following:


	December 31,
	2011		2010
Computer equipment	$	13,666	$	17,510
Furniture and equipment		9,692		13,762
Capitalized software costs		30,920		31,800
Leasehold and building improvements		21,650		23,265
		75,928		86,337
Less: accumulated depreciation and amortization		58,090		69,744
Property and equipment, net	$	17,838	$	16,593

The Company had expenditures of approximately $1,137 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 December 31, 2011 and 2010, respectively. Depreciation expense is not recorded for such assets until they are placed in service.

Non-Cash Capital Expenditures

During the year ended December 31, 2011, the Company acquired certain computer equipment under capital lease agreements. The current portion of the capital lease obligations are included under the caption “Accrued expense and other current liabilities” in the Consolidated Balance Sheets and the non-current portion of the capital lease obligations included under the caption “Other non-current liabilities” in the Consolidated Balance Sheets as of December 31, 2011. The Company did not have property and equipment acquired under capital lease agreements for the year ended December 31, 2010. A summary of the Company’s equipment acquired under capital lease agreements is as follows.


	December 31,
	2011		2010
Equipment acquired under capital lease agreements for the year ended	$	1,318	$	—
Capital lease obligation, current		420		—
Capital lease obligation, non-current		720		—

- 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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