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PROPERTY AND EQUIPMENT, NET
 9 Months Ended
Sep. 30, 2015
Property, Plant and Equipment, Net [Abstract]  
PROPERTY AND EQUIPMENT, NET
PROPERTY AND EQUIPMENT, NET
As of September 30, 2015 and December 31, 2014, property and equipment, net, was as follows:

 
September 30,
2015
 
December 31,
2014
Computer equipment
$
5,982

 
$
8,806

Furniture and equipment
3,116

 
5,352

Capitalized software costs
17,437

 
25,228

Leasehold improvements
15,170

 
21,368

 
41,705

 
60,754

Less: accumulated depreciation and amortization
33,898

 
50,914

Property and equipment, net
$
7,807

 
$
9,840



The Company had expenditures of approximately $992 and $1,006 for acquired property and equipment, mainly consisting of software, furnitures and fixtures and leasehold improvements, which had not been placed in service as of September 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 September 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 September 30, 2015 and December 31, 2014. A summary of the Company’s equipment acquired under capital lease agreements were as follows:

 
September 30,
2015
 
December 31,
2014
Capital lease obligation, current
$
59

 
$
77

Capital lease obligation, non-current
$
240

 
$
348



During the nine months ended September 30, 2015 and 2014, the Company acquired $0 and $557, respectively, of property and equipment under capital lease agreements in Australia. Capital expenditures for the nine months ended September 30, 2015 and 2014 included $0 and $2,137, respectively, of landlord-funded tenant improvements for the Company's leased properties in Perth and Melbourne, Australia.