PROPERTY AND EQUIPMENT, NET

As of December 31, 2017 and 2016, property and equipment, net were as follows:



	As of December 31,
	2017		2016
Computer equipment	$	5,945	$	5,888
Furniture and equipment	2,470		2,244
Capitalized software costs	18,306		17,010
Leasehold and building improvements	14,197		13,699
	40,918		38,841
Less: accumulated depreciation and amortization	34,667		31,800
Property and equipment, net	$	6,251	$	7,041

The Company had expenditures of approximately $297 and $235 for acquired property and equipment, mainly consisting of software development, fixtures, computer equipment and leasehold improvements, which had not been placed in service as of December 31, 2017 and 2016, respectively. Depreciation expense is not recorded for such assets until they are placed in service.

Held for Sale Accounting and Impairment of Long-Lived Assets

Under FASB ASC 360, "Property, Plant, and Equipment," a disposal group shall be classified as held for sale in the period in which certain criteria are met. Because the Company must obtain stockholder approval prior to closing the Sale Transactions, the criteria for held for sale accounting have not been met. As of December 31, 2017, the net assets included in the Sale Transactions are deemed held and used and included in continuing operations.

The Company is required to test a long-lived asset to be held and used for impairment if circumstances indicate that its carrying value might exceed its current fair value. The Company deemed the Sale Transactions to be a triggering events that required the Company to perform an impairment assessment with respect to long-lived assets, primarily property and equipment. The undiscounted future cash flows resulting from the long-lived assets use and eventual disposition, exceeded the asset groups' carrying values. Accordingly, management concluded the Company's long-lived assets were not impaired.

During the fourth quarter of 2016, the Company experienced continued declines in the operating results within certain markets. These events were deemed to be triggering events that required the Company to perform an impairment assessment with respect to long-lived assets, primarily property and equipment. The Company estimated the expected undiscounted future cash flows resulting from the long-lived assets' use and eventual disposition, and compared it to their carrying value. The undiscounted future cash flows exceeded the asset group's carrying value, indicating the Company's long-lived assets were not impaired.

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 Consolidated Balance Sheets and the non-current portion of the capital lease obligations are included under the caption "Other non-current liabilities" in the Consolidated Balance Sheets as of December 31, 2017 and 2016. A summary of the Company’s equipment acquired under capital lease agreements was as follows:



	As of December 31,
	2017		2016
Capital lease obligation, current	$	75	$	65
Capital lease obligation, non-current	$	52	$	140

The Company acquired $0 and $0 of property and equipment under capital lease agreements for the years ended December 31, 2017 and 2016, respectively.