PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment, Net [Abstract]

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



	As of December 31,
	2012		2011
Computer equipment	$	10,889	$	13,666
Furniture and equipment	7,840		9,692
Capitalized software costs	28,877		30,920
Leasehold and building improvements	24,650		21,650
	72,256		75,928
Less: accumulated depreciation and amortization	52,206		58,090
Property and equipment, net	$	20,050	$	17,838

The Company had expenditures of approximately $778 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 December 31, 2012 and 2011, respectively. Depreciation expense is not recorded for such assets until they are placed in service.

Non-Cash Capital Expenditures

The Company has acquired certain computer equipment under capital lease agreements. The current portion of the capital lease obligations are included under the caption “Accrued expenses and other current liabilities” in the Consolidated Balance Sheets and the non-current portion of the capital lease obligations are included under the caption “Other non-current liabilities” in the Consolidated Balance Sheets as of December 31, 2012 and 2011. A summary of the Company’s equipment acquired under capital lease agreements was as follows:



	As of December 31,
	2012		2011
Capital lease obligation, current	$	467	$	420
Capital lease obligation, non-current	$	324	$	720

The Company acquired $61 and $1,318 of property and equipment under capital lease agreements for the years ended December 31, 2012 and 2011, respectively. Capital expenditures for the years ended December 31, 2012 included $3,949 of landlord-funded tenant improvements for the Company's leased property in Sydney, Australia.

- 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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