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, 2012

5.	Property and Equipment

Property and equipment consist of the following:


	Estimated Useful Life	September 30, 2012			December 31, 2011
Cost:
Office furniture and fixtures	5-7 years	$	3,603		$	2,713
Computer equipment and software	3 years		21,427			18,942
Other office equipment	5 years		598			598
Leasehold improvements	Shorter of the term of the lease or useful life of the asset		7,595			5,833

			33,223			28,086
Less accumulated depreciation and amortization			(20,929	)		(16,995	)

Property and equipment, net		$	12,294		$	11,091

Depreciation and amortization expense for property and equipment was as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2012		2011		2012		2011
Depreciation and amortization expense	$	1,182	$	1,031	$	3,442	$	2,845

- 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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