Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v3.10.0.1
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in the carrying amount of goodwill by segment
 
Changes in the carrying amount of goodwill were as follows:

 
 
Envestnet
 
Envestnet | Yodlee
 
Total
Balance at December 31, 2016
 
$
163,751

 
$
268,185

 
$
431,936

Purchase accounting adjustments - Wheelhouse
 
—

 
457

 
457

Foreign currency
 
—

 
562

 
562

Balance at December 31, 2017
 
163,751

 
269,204

 
432,955

FolioDynamix acquisition
 
79,891

 
—

 
79,891

Private company acquisition
 
—

 
6,885

 
6,885

Foreign currency
 
—

 
(796
)
 
(796
)
Other
 
167

 
—

 
167

Balance at December 31, 2018
 
$
243,809

 
$
275,293

 
$
519,102

Schedule of components of intangible assets, net
Intangible assets consist of the following:

 
 
 
December 31, 2018
 
December 31, 2017
 
 
 
Gross
 
 
 
Net
 
Gross
 
 
 
Net
 
Estimated
 
Carrying
 
Accumulated
 
Carrying
 
Carrying
 
Accumulated
 
Carrying
 
Useful Life
 
Amount
 
Amortization
 
Amount
 
Amount
 
Amortization
 
Amount
Customer lists
7-15 years
 
$
361,020

 
$
(102,077
)
 
$
258,943

 
$
259,350

 
$
(78,482
)
 
$
180,868

Proprietary technologies
4-8 years
 
66,746

 
(36,151
)
 
30,595

 
57,377

 
(31,067
)
 
26,310

Trade names
2-7 years
 
27,990

 
(12,352
)
 
15,638

 
24,840

 
(9,701
)
 
15,139

Backlog
4 years
 
11,000

 
(10,935
)
 
65

 
11,000

 
(10,586
)
 
414

Total intangible assets
 
$
466,756

 
$
(161,515
)
 
$
305,241

 
$
352,567

 
$
(129,836
)
 
$
222,731

Schedule of amortization expense
Amortization expense was as follows:

 
 
Year Ended December 31,
 
 
2018
 
2017
 
2016
Amortization expense
 
$
53,856

 
$
42,127

 
$
45,515

Schedule of future amortization expense of the intangible assets
Future amortization expense of the intangible assets as of December 31, 2018, is expected to be as follows:

Years ending December 31:
 

2019
$
48,334

2020
44,380

2021
35,744

2022
33,266

2023
24,920

Thereafter
118,597

Total
$
305,241