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

Property and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2020

Property and equipment, net consisted of the following:


		December 31,
	Estimated Useful Life	2020		2019
Cost:
Computer equipment and software	3 years	$	72,443	$	72,190
Leasehold improvements	Shorter of the lease term or useful life of the asset	37,671		34,645
Office furniture and fixtures	3-7 years	11,249		10,832
Office equipment and other	3-5 years	7,151		6,850
Building and building improvements	7-39 years	2,669		2,647
Land	Not applicable	940		940
		132,123		128,104
Less: accumulated depreciation and amortization		(84,154)		(74,348)
Total property and equipment, net		$	47,969	$	53,756

The following table presents the cost amounts and related accumulated depreciation written off by category:


	Year Ended December 31, 2020				Year Ended December 31, 2019
			Accumulated				Accumulated
	Cost		Depreciation		Cost		Depreciation
Computer equipment and software	$	9,844	$	(9,606)	$	12,597	$	(12,542)
Leasehold improvements	1,775		(1,326)		229		(135)
Office furniture and fixtures	320		(243)		42		(21)
Office equipment and other	381		(348)		17		(17)

Total property and equipment retirements	$	12,320	$	(11,523)	$	12,885	$	(12,715)

Depreciation and amortization expense was as follows:


	Year Ended December 31,
	2020		2019		2018
Depreciation and amortization expense	$	21,432	$	20,777	$	15,737