PROPERTY AND EQUIPMENT, NET

3 Months Ended

Mar. 31, 2014

Property, Plant and Equipment, Net [Abstract]

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET

As of March 31, 2014 and December 31, 2013, property and equipment, net were as follows:

	March 31, 2014		December 31, 2013
Computer equipment	$	9,505	$	9,395
Furniture and equipment	6,322		6,379
Capitalized software costs	28,152		26,963
Leasehold improvements	21,477		20,816
	65,456		63,553
Less: accumulated depreciation and amortization	51,352		49,731
Property and equipment, net	$	14,104	$	13,822

The Company had expenditures of approximately $1,277 and $595 for acquired property and equipment, mainly consisting of software and leasehold improvements, which had not been placed in service as of March 31, 2014 and December 31, 2013, 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 March 31, 2014 and December 31, 2013. A summary of the Company’s equipment acquired under capital lease agreements was as follows:

	March 31, 2014		December 31, 2013
Capital lease obligation, current	$	198	$	315
Capital lease obligation, non-current	$	3	$	9

The Company did not acquire any property and equipment under capital lease agreements during the three months ended March 31, 2014 and 2013. Capital expenditures for the three months ended March 31, 2014 included $630 of landlord-funded tenant improvements for the Company's leased properties in Perth and Melbourne, Australia.