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

6 Months Ended

Jun. 30, 2016

4. Property and Equipment


			June 30,		December 31,
	Estimated Useful Life		2016		2015
Cost:
Computer equipment and software	3	years	$	48,577	$	44,470
Office furniture and fixtures	7	years		6,120		5,785
Leasehold improvements	Shorter of the lease term or useful life of the asset			15,874		15,123
Other office equipment	5	years		756		683
				71,327		66,061
Less accumulated depreciation and amortization				(42,631)		(37,380)
Property and equipment, net			$	28,696	$	28,681

During the six months ended June 30, 2016, the Company retired property and equipment that were no longer in service in the amount of $2,306 recognized a loss of $220.

Depreciation and amortization expense was as follows:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2016		2015		2016		2015
Depreciation and amortization expense	$	4,048	$	1,658	$	7,407	$	3,133