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)
9 Months Ended
Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in the carrying amount of goodwill by segment
Changes in the carrying amount of goodwill were as follows:
 
 
Envestnet
 
Envestnet | Yodlee
 
Total
Balance at December 31, 2017
 
$
163,751

 
$
269,204

 
$
432,955

FolioDynamix acquisition
 
81,207

 

 
81,207

Private company acquisition
 

 
6,885

 
6,885

Foreign currency
 

 
(1,124
)
 
(1,124
)
Balance at September 30, 2018
 
$
244,958


$
274,965


$
519,923

Schedule of components of intangible assets, net
Intangible assets, net consist of the following:
 
 
 
 
 
 
 
 
September 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
 
$
372,850

 
$
(105,186
)
 
$
267,664

 
$
259,350

 
$
(78,482
)
 
$
180,868

Proprietary technologies
 
4
8
 
years
 
75,544

 
(41,714
)
 
33,830

 
57,377

 
(31,067
)
 
26,310

Trade names
 
1
7
 
years
 
29,540

 
(12,919
)
 
16,621

 
24,840

 
(9,701
)
 
15,139

Backlog
 
 
 
4
 
years
 
11,000

 
(10,848
)
 
152

 
11,000

 
(10,586
)
 
414

Total intangible assets
 
 
 
 
 
 
 
$
488,934

 
$
(170,667
)
 
$
318,267

 
$
352,567

 
$
(129,836
)
 
$
222,731

Schedule of amortization expense
Amortization expense was as follows:
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
 
 
2018
 
2017
 
2018
 
2017
Amortization expense
 
$
13,477

 
$
10,377

 
$
40,831

 
$
31,333

Schedule of future amortization expense of the intangible assets
Future amortization expense of the intangible assets as of September 30, 2018, is expected to be as follows:
Years ending December 31,
 

Remainder of 2018
$
12,984

2019
48,334

2020
44,380

2021
35,744

2022
33,266

Thereafter
143,559

 
$
318,267