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, 2016

Property and Equipment

Property and Equipment

4. Property and Equipment

Property and equipment consists of the following:


			September 30,		December 31,
	Estimated Useful Life		2016		2015
Cost:
Computer equipment and software	3	years	$	52,518	$	44,470
Office furniture and fixtures	7	years		7,024		5,785
Leasehold improvements	Shorter of the lease term or useful life of the asset			17,924		15,123
Other office equipment	5	years		1,207		683
				78,673		66,061
Less accumulated depreciation and amortization				(46,107)		(37,380)
Property and equipment, net			$	32,566	$	28,681

During the nine months ended September 30, 2016, the Company retired property and equipment that were no longer in service in the amount of $2,396 and recognized a loss of $220.

Depreciation and amortization expense was as follows:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
Depreciation and amortization expense	$	3,740	$	1,967	$	11,147	$	5,100