Quarterly report pursuant to Section 13 or 15(d)

Assets and Liabilities Held for Deconsolidation (Tables)

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Assets and Liabilities Held for Deconsolidation (Tables)
 3 Months Ended
Mar. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Assets and Liabilities Held for Sale
Assets and liabilities held for deconsolidation consisted of the following:

March 31,
  2024
(in thousands)
Cash and cash equivalents $ 11,073 
Fees receivable, net 2,319 
Prepaid expenses and other current assets 513 
Internally developed software, net 14,090 
Goodwill (1)
26,647 
Other assets 374 
Total assets held for deconsolidation
 $ 55,016 
Accounts payable, accrued expenses and other current liabilities $ 2,463 
Deferred revenue 5,085 
Other liabilities 1,450 
Total liabilities held for deconsolidation
 $ 8,998 
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(1) The assignment of goodwill was based on the relative fair value of the private company and the Envestnet Wealth Solutions reporting unit prior to the private company being classified as held for deconsolidation.