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, 2011

5.	Property and Equipment

Property and equipment consists of the following:


		At December 31,
	Estimated Useful Life	2011			2010
Cost:
Office furniture and fixtures	5-7 years	$	2,713		$	1,996
Computer equipment and software	3 years		18,942			14,600
Other office equipment	5 years		598			598
Leasehold improvements	Shorter of the term of the lease or useful life of the asset		5,833			5,247

			28,086			22,441
Less accumulated depreciation and amortization			(16,995	)		(12,728	)

Property and equipment, net		$	11,091		$	9,713

Depreciation and amortization expense was as follows:


	Year ended December 31,
	2011		2010		2009
Depreciation and amortization expense	$	3,862	$	2,980	$	1,985

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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