PROPERTY AND EQUIPMENT, NET

9 Months Ended

Sep. 30, 2013

Property, Plant and Equipment, Net [Abstract]

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET

As of September 30, 2013 and December 31, 2012, property and equipment, net were as follows:

	September 30, 2013		December 31, 2012
Computer equipment	$	10,886	$	10,889
Furniture and equipment	7,496		7,840
Capitalized software costs	28,687		28,877
Leasehold improvements	23,399		24,650
	70,468		72,256
Less: accumulated depreciation and amortization	54,079		52,206
Property and equipment, net	$	16,389	$	20,050

The Company had expenditures of approximately $1,285 and $778 for acquired property and equipment, mainly consisting of software, which had not been placed in service as of September 30, 2013 and December 31, 2012, 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 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 September 30, 2013 and December 31, 2012. A summary of the Company’s equipment acquired under capital lease agreements was as follows:

	September 30, 2013		December 31, 2012
Capital lease obligation, current	$	426	$	467
Capital lease obligation, non-current	$	17	$	324

The Company acquired $61 of property and equipment under capital lease agreements during the nine months ended September 30, 2012. Capital expenditures for the nine months ended September 30, 2012 included $3,949 of landlord-funded tenant improvements for the Company's leased property in Sydney, Australia.