Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.10.0.1
Property and Equipment
 12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
Property and Equipment
 
Property and equipment consists of the following:
 
 
 
 
 
December 31,
 
 
Estimated Useful Life
 
2018
 
2017
Cost:
 
 
 
 

 
 

Computer equipment and software
 
3 years
 
$
64,346

 
$
56,192

Leasehold improvements
 
Shorter of the lease term or useful life of the asset
 
28,191

 
23,192

Office furniture and fixtures
 
3-7 years
 
9,291

 
8,110

Other office equipment
 
3-5 years
 
5,577

 
2,052

 
 
 
 
107,405

 
89,546

Less: accumulated depreciation and amortization
 
(62,414
)
 
(53,637
)
Total property and equipment, net
 
$
44,991

 
$
35,909


 
During 2018 and 2017, the Company retired property and equipment that was no longer in service for the Envestnet segment in the amounts of $5,984 and $7,180, respectively. During 2018 and 2017, the Company retired property and equipment that were no longer in service for the Envestnet | Yodlee segment in the amounts of $5,387 and $532, respectively. The following table presents the cost amounts and related accumulated depreciation written off by category:

 
 
Year Ended December 31, 2018
 
Year Ended December 31, 2017
 
 
 
 
Accumulated
 
 
 
Accumulated
 
 
Cost
 
Depreciation
 
Cost
 
Depreciation
Computer equipment and software
 
$
10,733

 
$
(10,709
)
 
$
7,528

 
$
(7,523
)
Office furniture and fixtures
 
32

 
(32
)
 
184

 
(113
)
Other office equipment
 
309

 
(288
)
 
—

 
—

Leasehold improvements
 
297

 
(269
)
 
—

 
—

Total property and equipment retirements
 
$
11,371


$
(11,298
)

$
7,712


$
(7,636
)

 
Depreciation and amortization expense was as follows:

 
 
Year Ended December 31,
 
 
2018
 
2017
 
2016
Depreciation and amortization expense
 
$
15,737

 
$
15,383

 
$
14,838