PROPERTY AND EQUIPMENT, NET

9 Months Ended

Sep. 30, 2014

Property, Plant and Equipment, Net [Abstract]

As of September 30, 2014 and December 31, 2013, property and equipment, net, were as follows:



	September 30, 2014		December 31, 2013
Computer equipment	$	9,697	$	8,933
Furniture and equipment	5,251		5,438
Capitalized software costs	26,234		24,665
Leasehold improvements	18,036		16,794
	59,218		55,830
Less: accumulated depreciation and amortization	47,187		43,841
Property and equipment, net	$	12,031	$	11,989

The Company had expenditures of approximately $830 and $595 as of September 30, 2014 and December 31, 2013, respectively, for acquired property and equipment, mainly consisting of software and leasehold improvements, which had not been placed in service. 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, 2014 and December 31, 2013. A summary of the Company’s equipment acquired under capital lease agreements was as follows:



	September 30, 2014		December 31, 2013
Capital lease obligation, current	$	93	$	—
Capital lease obligation, non-current	$	396	$	—

During the nine months ended September 30, 2014, the Company acquired $557 of property and equipment under capital lease agreements in Australia. Capital expenditures for the nine months ended September 30, 2014 included $2,137 of landlord-funded tenant improvements for the Company's leased properties in Perth and Melbourne, Australia and Washington D.C. in the U.S.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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