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PROPERTY AND EQUIPMENT, NET | 12 Months Ended
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Dec. 31, 2019
PROPERTY AND EQUIPMENT, NET |
PROPERTY AND EQUIPMENT, NET | 5. PROPERTY AND EQUIPMENT, NET The components of property and equipment are as follows:
|  | As of December 31,
|  | 2018 |  | 2019
Leasehold improvements |  | $ | 3,688 |  |  | 3,684
Furniture, fixtures and office equipment |  |  | 2,852 |  |  | 2,739
Software and IT equipment |  |  | 2,736 |  |  | 2,438
Vehicles |  |  | 1,760 |  |  | 1,698
Property and equipment, gross |  |  | 11,036 |  |  | 10,559
Less: Accumulated depreciation |  |  | (7,384) |  |  | (7,057)
Property and equipment, net |  | $ | 3,652 |  |  | 3,502
Depreciation expenses incurred for the years ended December 31, 2017, 2018 and 2019 are $764, $572 and $1,254, respectively.

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- 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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