PROPERTY AND EQUIPMENT, NET

6 Months Ended

Jun. 30, 2014

Property, Plant and Equipment, Net [Abstract]

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET

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

	June 30, 2014		December 31, 2013
Computer equipment	$	10,190	$	9,395
Furniture and equipment	6,440		6,379
Capitalized software costs	28,603		26,962
Leasehold improvements	22,948		20,816
	68,181		63,552
Less: accumulated depreciation and amortization	53,281		49,730
Property and equipment, net	$	14,900	$	13,822

The Company had expenditures of approximately $1,871 and $595 for acquired property and equipment, mainly consisting of software and leasehold improvements, which had not been placed in service as of June 30, 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 June 30, 2014 and December 31, 2013. A summary of the Company’s equipment acquired under capital lease agreements was as follows:

	June 30, 2014		December 31, 2013
Capital lease obligation, current	$	153	$	315
Capital lease obligation, non-current	$	350	$	9

The Company acquired $437 of property and equipment under capital lease agreements during the six months ended June 30, 2014 in Australia. Capital expenditures for the six months ended June 30, 2014 included $1,415 of landlord-funded tenant improvements for the Company's leased properties in Perth and Melbourne, Australia.