Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets, Net (Tables)

v3.10.0.1
Goodwill and Intangible Assets, Net (Tables)
6 Months Ended
Jun. 30, 2018
Goodwill and Intangible Assets, Net  
Schedule of changes in the carrying amount of goodwill by segment

 

 

 

 

 

 

 

 

 

 

 

 

Envestnet

 

Envestnet | Yodlee

 

Total

Balance at December 31, 2017

 

$

163,751

 

$

269,204

 

$

432,955

FolioDynamix acquisition

 

 

94,624

 

 

 —

 

 

94,624

Foreign currency

 

 

 —

 

 

(624)

 

 

(624)

Balance at June 30, 2018

 

$

258,375

 

$

268,580

 

$

526,955

 

Schedule of components of intangible assets, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2018

 

December 31, 2017

 

    

 

 

 

    

    

Gross

    

    

 

    

Net

    

Gross

    

    

 

    

Net

 

 

Estimated

 

Carrying

 

Accumulated

 

Carrying

 

Carrying

 

Accumulated

 

Carrying

 

 

Useful Life

 

Amount

 

Amortization

 

Amount

 

Amount

 

Amortization

 

Amount

Customer lists

 

7

-

15

years

 

$

354,850

 

$

(96,095)

 

$

258,755

 

$

259,350

 

$

(78,482)

 

$

180,868

Proprietary technologies

 

4

-

8

years

 

 

75,543

 

 

(38,411)

 

 

37,132

 

 

57,377

 

 

(31,067)

 

 

26,310

Trade names

 

1

-

7

years

 

 

29,540

 

 

(11,923)

 

 

17,617

 

 

24,840

 

 

(9,701)

 

 

15,139

Backlog

 

 

 

4

years

 

 

11,000

 

 

(10,761)

 

 

239

 

 

11,000

 

 

(10,586)

 

 

414

Total intangible assets

 

 

 

 

 

 

$

470,933

 

$

(157,190)

 

$

313,743

 

$

352,567

 

$

(129,836)

 

$

222,731

 

Schedule of amortization expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30,

 

June 30,

 

    

2018

    

2017

 

2018

    

2017

Amortization expense

 

$

13,419

 

$

10,371

 

$

27,354

 

$

20,956

 

Schedule of future amortization expense of the intangible assets

Future amortization expense of the intangible assets as of June 30, 2018, is expected to be as follows:

 

 

 

 

 

 

 

Years ending December 31:

 

 

Remainder of 2018

$

26,051

2019

 

47,690

2020

 

43,548

2021

 

34,762

2022

 

32,168

Thereafter

 

129,524

 

$

313,743