PROPERTY AND EQUIPMENT, NET

3 Months Ended

Mar. 31, 2012

NOTE 9 – PROPERTY AND EQUIPMENT, NET

As of March 31, 2012 and December 31, 2011, property and equipment, net were as follows:

	March 31,		December 31,
	2012		2011
Computer equipment	$	13,260	$	13,666
Furniture and equipment		9,938		9,692
Capitalized software costs		32,660		30,920
Leasehold and building improvements		22,106		21,650
		77,964		75,928
Less: accumulated depreciation and amortization		59,964		58,090
Property and equipment, net	$	18,000	$	17,838

The Company had expenditures of approximately $831 and $1,137 for acquired property and equipment, mainly consisting of software development, fixtures, computer equipment and leasehold improvements, which had not been placed in service as of March 31, 2012 and December 31, 2011, respectively. Depreciation expense is not recorded for such assets until they are placed in service.

Non-Cash Capital Expenditures

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 Condensed Consolidated Balance Sheets and the non-current portion of the capital lease obligations are included under the caption “Other non-current liabilities” in the Condensed Consolidated Balance Sheets as of March 31, 2012 and December 31, 2011. A summary of the Company’s equipment acquired under capital lease agreements were as follows:

	March 31,		December 31,
	2012		2011
Capital lease obligation, current	$	427	$	420
Capital lease obligation, non-current	$	610	$	720

The Company did not acquire any property and equipment under capital lease agreements for the three months ended March 31, 2012 and 2011.

- 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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