| Goodwill and Intangible Assets, Net |
Goodwill and Intangible Assets, Net Changes in the carrying amount of goodwill were as follows:
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Envestnet Wealth Solutions |
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Envestnet Data & Analytics |
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Total |
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(in thousands) |
| Balance at December 31, 2020 |
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$ |
603,350 |
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$ |
303,423 |
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$ |
906,773 |
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| Harvest Acquisition |
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21,858 |
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— |
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21,858 |
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| Foreign exchange rates |
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— |
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(138) |
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(138) |
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| Balance at June 30, 2021 |
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$ |
625,208 |
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$ |
303,285 |
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$ |
928,493 |
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Intangible assets, net consisted of the following:
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June 30, 2021 |
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December 31, 2020 |
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Gross |
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Net |
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Gross |
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Net |
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Carrying |
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Accumulated |
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Carrying |
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Carrying |
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Accumulated |
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Carrying |
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Amount |
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Amortization |
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Amount |
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Amount |
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Amortization |
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Amount |
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(in thousands) |
| Customer lists |
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$ |
593,820 |
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$ |
(221,893) |
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$ |
371,927 |
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$ |
591,520 |
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$ |
(198,555) |
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$ |
392,965 |
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| Proprietary technologies |
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85,324 |
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(33,876) |
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|
51,448 |
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54,914 |
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(26,949) |
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27,965 |
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| Trade names |
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33,700 |
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(22,052) |
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11,648 |
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33,700 |
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(19,589) |
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|
14,111 |
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| Total intangible assets |
$ |
712,844 |
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$ |
(277,821) |
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$ |
435,023 |
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$ |
680,134 |
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$ |
(245,093) |
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$ |
435,041 |
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There were no material retirements of intangible assets during the three and six months ended June 30, 2021 and 2020.
Amortization expense was as follows:
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Three Months Ended |
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Six Months Ended |
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June 30, |
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June 30, |
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2021 |
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2020 |
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2021 |
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2020 |
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(in thousands) |
| Amortization expense |
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$ |
17,502 |
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$ |
18,746 |
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$ |
33,980 |
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$ |
37,504 |
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