Envestnet, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

Property and Equipment

9 Months Ended

Sep. 30, 2015

4. Property and Equipment


				September 30,		December 31,
	Estimated Useful Life			2015		2014
Cost:
Office furniture and fixtures		7	years	$	5,307	$	4,993
Computer equipment and software		3	years		23,292		18,540
Other office equipment		5	years		194		144
Leasehold improvements			Shorter of the lease term or useful life of the asset		12,183		10,805
					40,976		34,482
Less accumulated depreciation and amortization					(22,515)		(17,853)
Property and equipment, net				$	18,461	$	16,629

During the nine months ended September 30, 2015, the Company retired fully depreciated property and equipment that were no longer in service with cost and accumulated depreciation amounts of $564.

Depreciation and amortization expense was as follows:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2015		2014		2015		2014
Depreciation and amortization expense	$	1,967	$	1,400	$	5,100	$	4,442