Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v3.6.0.2
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets  
Schedule of changes in the carrying amount of goodwill by segment

 

 

 

 

 

 

 

 

 

 

 

 

Envestnet

 

Envestnet | Yodlee

 

Total

Balance at December 31, 2014

 

$

104,976

 

$

 —

 

$

104,976

Upside acquisition

 

 

1,507

 

 

 —

 

 

1,507

Finance Logix acquisition

 

 

23,492

 

 

 —

 

 

23,492

Castle Rock acquisition

 

 

4,969

 

 

 —

 

 

4,969

Yodlee acquisition

 

 

 —

 

 

286,049

 

 

286,049

Purchase accounting adjustments - Placemark

 

 

280

 

 

 —

 

 

280

Balance at December 31, 2015

    

$

135,224

 

$

286,049

 

$

421,273

FinaConnect acquisition

 

 

4,792

 

 

 —

 

 

4,792

Wheelhouse acquisition

 

 

 —

 

 

10,558

 

 

10,558

Purchase accounting adjustments - Yodlee

 

 

24,613

 

 

(28,233)

 

 

(3,620)

Purchase accounting adjustments - Castle Rock

 

 

(388)

 

 

 —

 

 

(388)

Other

 

 

(490)

 

 

(189)

 

 

(679)

Balance at December 31, 2016

 

$

163,751

 

$

268,185

 

$

431,936

 

Schedule of components of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2016

 

At December 31, 2015

 

 

    

 

 

 

    

    

Gross

    

    

 

    

Net

    

Gross

    

    

 

    

Net

 

 

 

Estimated

 

Carrying

 

Accumulated

 

Carrying

 

Carrying

 

Accumulated

 

Carrying

 

 

 

Useful Life

 

Amount

 

Amortization

 

Amount

 

Amount

 

Amortization

 

Amount

 

Customer lists

 

4

-

15

years

 

$

259,490

 

$

(54,861)

 

$

204,629

 

$

257,410

 

$

(33,668)

 

$

223,742

 

Backlog

 

 

 

4

years

 

 

11,000

 

 

(6,456)

 

 

4,544

 

 

11,000

 

 

(703)

 

 

10,297

 

Proprietary technologies

 

2

-

8

years

 

 

57,770

 

 

(20,214)

 

 

37,556

 

 

53,928

 

 

(9,833)

 

 

44,095

 

Trade names

 

2

-

7

years

 

 

25,007

 

 

(6,178)

 

 

18,829

 

 

16,690

 

 

(2,149)

 

 

14,541

 

Total intangible assets

 

 

 

 

 

 

$

353,267

 

$

(87,709)

 

$

265,558

 

$

339,028

 

$

(46,353)

 

$

292,675

 

 

Schedule of amortization expense

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

    

2016

    

2015

    

2014

Amortization expense

 

$

45,515

 

$

17,636

 

$

10,642

 

Schedule of Future amortization expense of the intangible assets

 

 

 

Years ending December 31:

 

 

2017

$

41,968

2018

 

35,948

2019

 

32,361

2020

 

28,615

2021

 

20,746

Thereafter

 

105,920

 

$

265,558