Envestnet, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Property and Equipment

Property and Equipment

12 Months Ended

Dec. 31, 2013

Property and Equipment

Property and Equipment

4. Property and Equipment

Property and equipment consists of the following:

		At December 31,
	Estimated Useful Life	2013			2012

Cost:
Office furniture and fixtures	5-7 years	$	4,266		$	3,613
Computer equipment and software	3 years	26,910			22,098
Other office equipment	5 years	598			598
Leasehold improvements	Shorter of the lease term or useful life of the asset	8,299			7,638
		40,073			33,947
Less accumulated depreciation and amortization		(27,307		)	(22,156		)
Property and equipment, net		$	12,766		$	11,791

Depreciation and amortization expense was as follows:

	Year ended December 31,
	2013		2012		2011

Depreciation and amortization expense	$	5,151	$	4,685	$	3,862

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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