Envestnet, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

Property and Equipment

9 Months Ended

Sep. 30, 2014

4.Property and Equipment

		September 30,			December 31,
	Estimated Useful Life	2014			2013

Cost:
Office furniture and fixtures	5-7 years	$	5,314		$	4,266
Computer equipment and software	3 years	30,728			26,910
Other office equipment	5 years	598			598
Leasehold improvements	Shorter of the lease term or useful life of the asset	11,547			8,299
		48,187			40,073
Less accumulated depreciation and amortization		(31,749		)	(27,307		)
Property and equipment, net		$	16,438		$	12,766

Depreciation and amortization expense was as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013

Depreciation and amortization expense	$	1,400	$	1,381	$	4,442	$	3,599

- 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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