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

Quarterly report pursuant to Section 13 or 15(d)

Internally Developed Software

Internally Developed Software

9 Months Ended

Sep. 30, 2016

Internally Developed Softwares

Internally Developed Software

5. Internally Developed Software

Internally developed software consists of the following:


		September 30,		December 31,
	Estimated Useful Life	2016		2015
Internally developed software	5 years	$	31,325	$	25,109
Less accumulated amortization			(17,781)		(15,212)
Internally developed software, net		$	13,544	$	9,897

Amortization expense was as follows:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
Amortization expense	$	917	$	682	$	2,569	$	1,914

- Definition

The entire disclosure for research, development, and computer software activities, including contracts and arrangements to be performed for others and with federal government. Includes costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility and in-process research and development acquired in a business combination consummated during the period.

+ References + Details