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

Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2012

Goodwill and Intangible Assets [Abstract]

Changes in the carrying amount of the Company's goodwill

Changes in the carrying amount of the Company’s goodwill was as follows:


Balance at December 31, 2011		$	22,223
FundQuest adjustment (note 3)			(889	)

Balance at March 31, 2012			21,334
Prima acquisition (note 3)			9,555
Tamarac acquisition (note 3)			35,263

Balance at June 30, 2012		$	66,152

Components of intangible assets

Intangible assets consist of the following:


				June 30, 2012												December 31, 2011
		Useful Life		Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount				Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount

Customer list		4 -8 years		$	28,103			$	(5,815	)			22,288			$	15,683			$	(3,458	)		$	12,225
Proprietary technology		5 - 8 years			6,580				(178	)			6,402				—				—				—
Trade Names		5 years			2,090				(68	)			2,022				—				—				—

Total intangible assets				$	36,773			$	(6,061	)		$	30,712			$	15,683			$	(3,458	)		$	12,225

Amortization expense for intangible assets

Amortization expense for intangible assets was as follows:


		Three Months Ended June 30,								Six Months Ended June 30,
		2012				2011				2012				2011

Amortization expense		$	1,624			$	231			$	2,603			$	513

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References + Details