PROPERTY AND EQUIPMENT, NET

6 Months Ended

Jun. 30, 2015

Property, Plant and Equipment, Net [Abstract]

As of June 30, 2015 and December 31, 2014, property and equipment, net, was as follows:



	June 30, 2015		December 31, 2014
Computer equipment	$	7,984	$	8,806
Furniture and equipment	3,215		5,352
Capitalized software costs	24,846		25,228
Leasehold improvements	15,741		21,368
	51,786		60,754
Less: accumulated depreciation and amortization	43,558		50,914
Property and equipment, net	$	8,228	$	9,840

The Company had expenditures of approximately $460 and $1,006 for acquired property and equipment, mainly consisting of software and leasehold improvements, which had not been placed in service as of June 30, 2015 and December 31, 2014, 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 as of June 30, 2015 and December 31, 2014 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 June 30, 2015 and December 31, 2014. A summary of the Company’s equipment acquired under capital lease agreements were as follows:



	June 30, 2015		December 31, 2014
Capital lease obligation, current	$	63	$	77
Capital lease obligation, non-current	$	286	$	348

The Company did not acquire any property and equipment under capital lease agreements during the six months ended June 30, 2015 and 2014. Capital expenditures for the six months ended June 30, 2015 and 2014 included $0 and $1,415, respectively, of landlord-funded tenant improvements for the Company's leased properties in Perth and Melbourne, Australia.