Business Acquisitions (Details) $ / shares in Units, $ in Thousands |
|
|
|
|
3 Months Ended |
5 Months Ended |
6 Months Ended |
7 Months Ended |
10 Months Ended |
12 Months Ended |
Feb. 01, 2016
USD ($)
|
Nov. 19, 2015
USD ($)
item
$ / shares
shares
|
Sep. 01, 2015
USD ($)
|
Aug. 30, 2015
USD ($)
|
Jun. 30, 2016
USD ($)
shares
|
Jun. 30, 2015
USD ($)
$ / shares
|
Jun. 30, 2016
USD ($)
shares
|
Jun. 30, 2016
USD ($)
shares
|
Jun. 30, 2015
USD ($)
$ / shares
|
Jun. 30, 2016
USD ($)
shares
|
Jun. 30, 2016
USD ($)
shares
|
Dec. 31, 2015
USD ($)
|
Consideration transferred in acquisition |
|
|
|
|
|
|
|
|
|
|
|
|
Envestnet common stock per acquiree share (in shares) | shares |
|
0.1889
|
|
|
|
|
|
|
|
|
|
|
Acquisition of businesses, net of cash acquired |
|
|
|
|
|
|
|
$ 18,394
|
$ 21,712
|
|
|
|
Share-based compensation |
|
|
|
|
$ 6,703
|
$ 3,330
|
|
18,318
|
6,749
|
|
|
|
Estimated fair values of the assets acquired and liabilities assumed |
|
|
|
|
|
|
|
|
|
|
|
|
Goodwill |
|
|
|
|
$ 423,450
|
|
$ 423,450
|
$ 423,450
|
|
$ 423,450
|
$ 423,450
|
$ 421,273
|
Intangible assets |
|
|
|
|
|
|
|
|
|
|
|
|
Maximum number of stock options and restricted stock available for future issuance | shares |
|
|
|
|
1,576,730
|
|
1,576,730
|
1,576,730
|
|
1,576,730
|
1,576,730
|
|
Fair market value adjustment on contingent consideration |
|
|
|
|
|
|
|
$ 489
|
(1,902)
|
|
|
|
Contingent consideration from a business acquisition |
|
|
|
|
$ 1,929
|
|
$ 1,929
|
1,929
|
|
$ 1,929
|
$ 1,929
|
|
Pro forma financial information |
|
|
|
|
|
|
|
|
|
|
|
|
Accretion on contingent consideration |
|
|
|
|
|
|
|
120
|
651
|
|
|
|
Acquired intangible asset amortization |
|
|
|
|
12,195
|
3,560
|
|
24,121
|
6,693
|
|
|
|
Revenues |
|
|
|
|
|
129,427
|
|
|
251,765
|
|
|
|
Net loss |
|
|
|
|
|
$ (7,295)
|
|
|
$ (14,108)
|
|
|
|
Basic (in dollars per share) | $ / shares |
|
|
|
|
|
$ (0.17)
|
|
|
$ (0.34)
|
|
|
|
Diluted (in dollars per share) | $ / shares |
|
|
|
|
|
$ (0.17)
|
|
|
$ (0.34)
|
|
|
|
FinaConnect, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Acquisitions |
|
|
|
|
|
|
|
|
|
|
|
|
Upfront cash consideration paid |
$ 6,425
|
|
|
|
|
|
|
|
|
|
|
|
Multiplier for contingent consideration based on acquiree's incremental revenue |
4
|
|
|
|
|
|
|
|
|
|
|
|
Contingent consideration period |
2 years
|
|
|
|
|
|
|
|
|
|
|
|
Contingent consideration, maximum |
$ 3,500
|
|
|
|
|
|
|
|
|
|
|
|
Consideration transferred in acquisition |
|
|
|
|
|
|
|
|
|
|
|
|
Cash consideration |
6,425
|
|
|
|
|
|
|
|
|
|
|
|
Contingent consideration liability |
1,929
|
|
|
|
|
|
|
|
|
|
|
|
Working capital adjustment |
269
|
|
|
|
|
|
|
|
|
|
|
|
Cash acquired |
(1)
|
|
|
|
|
|
|
|
|
|
|
|
Total |
8,622
|
|
|
|
|
|
|
|
|
|
|
|
Estimated fair values of the assets acquired and liabilities assumed |
|
|
|
|
|
|
|
|
|
|
|
|
Total tangible assets acquired |
136
|
|
|
|
283
|
|
283
|
283
|
|
283
|
283
|
|
Total liabilities assumed |
(556)
|
|
|
|
(473)
|
|
(473)
|
(473)
|
|
(473)
|
(473)
|
|
Identifiable intangible assets |
5,425
|
|
|
|
5,425
|
|
5,425
|
5,425
|
|
5,425
|
5,425
|
|
Goodwill |
3,617
|
|
|
|
3,387
|
|
3,387
|
3,387
|
|
3,387
|
3,387
|
|
Total net assets acquired |
8,622
|
|
|
|
8,622
|
|
8,622
|
8,622
|
|
8,622
|
8,622
|
|
Measurement period adjustments, total tangible assets acquired |
|
|
|
|
|
|
147
|
|
|
|
|
|
Measurement period adjustments, total liabilities assumed |
|
|
|
|
|
|
83
|
|
|
|
|
|
Measurement period adjustments, goodwill |
|
|
|
|
|
|
(230)
|
|
|
|
|
|
Intangible assets |
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets acquired, Amount |
5,425
|
|
|
|
|
|
|
|
|
|
|
|
Contingent consideration, maximum |
$ 3,500
|
|
|
|
|
|
|
|
|
|
|
|
Contingent consideration period |
2 years
|
|
|
|
|
|
|
|
|
|
|
|
FinaConnect, Inc. | Customer lists |
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets |
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets acquired, Amount |
$ 4,300
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets acquired, Weighted Average Useful Life In Years |
12 years
|
|
|
|
|
|
|
|
|
|
|
|
FinaConnect, Inc. | Proprietary technologies |
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets |
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets acquired, Amount |
$ 800
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets acquired, Weighted Average Useful Life In Years |
5 years
|
|
|
|
|
|
|
|
|
|
|
|
FinaConnect, Inc. | Trade names and domains |
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets |
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets acquired, Amount |
$ 325
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets acquired, Weighted Average Useful Life In Years |
2 years
|
|
|
|
|
|
|
|
|
|
|
|
Castle Rock Innovations, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Consideration transferred in acquisition |
|
|
|
|
|
|
|
|
|
|
|
|
Cash consideration |
|
|
|
$ 6,190
|
|
|
|
|
|
|
|
|
Contingent consideration liability |
|
|
|
1,500
|
|
|
|
1,500
|
|
|
|
|
Cash acquired |
|
|
|
(320)
|
|
|
|
|
|
|
|
|
Total |
|
|
|
7,370
|
|
|
|
|
|
|
|
|
Contingent consideration undiscounted |
|
|
|
1,600
|
|
|
|
|
|
|
|
|
Acquisition related costs |
|
|
|
|
41
|
|
|
|
|
|
|
|
Estimated fair values of the assets acquired and liabilities assumed |
|
|
|
|
|
|
|
|
|
|
|
|
Total tangible assets acquired |
|
|
|
255
|
143
|
|
143
|
143
|
|
143
|
143
|
|
Total liabilities assumed |
|
|
|
(1,305)
|
(1,305)
|
|
(1,305)
|
(1,305)
|
|
(1,305)
|
(1,305)
|
|
Identifiable intangible assets |
|
|
|
3,400
|
3,400
|
|
3,400
|
3,400
|
|
3,400
|
3,400
|
|
Goodwill |
|
|
|
5,020
|
5,132
|
|
5,132
|
5,132
|
|
5,132
|
5,132
|
|
Total net assets acquired |
|
|
|
7,370
|
7,370
|
|
7,370
|
7,370
|
|
7,370
|
7,370
|
|
Measurement period adjustments, total tangible assets acquired |
|
|
|
|
|
|
|
|
|
|
(112)
|
|
Measurement period adjustments, goodwill |
|
|
|
|
|
|
|
|
|
|
112
|
|
Intangible assets |
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets acquired, Amount |
|
|
|
3,400
|
|
|
|
|
|
|
|
|
Fair market value adjustment on contingent consideration |
|
|
|
|
0
|
|
|
200
|
|
|
|
|
Castle Rock Innovations, Inc. | Customer lists |
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets |
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets acquired, Amount |
|
|
|
$ 2,500
|
|
|
|
|
|
|
|
|
Intangible assets acquired, Weighted Average Useful Life In Years |
|
|
|
12 years
|
|
|
|
|
|
|
|
|
Castle Rock Innovations, Inc. | Proprietary technologies |
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets |
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets acquired, Amount |
|
|
|
$ 800
|
|
|
|
|
|
|
|
|
Intangible assets acquired, Weighted Average Useful Life In Years |
|
|
|
5 years
|
|
|
|
|
|
|
|
|
Castle Rock Innovations, Inc. | Trade names and domains |
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets |
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets acquired, Amount |
|
|
|
$ 100
|
|
|
|
|
|
|
|
|
Intangible assets acquired, Weighted Average Useful Life In Years |
|
|
|
4 years
|
|
|
|
|
|
|
|
|
Yodlee, Inc |
|
|
|
|
|
|
|
|
|
|
|
|
Consideration transferred in acquisition |
|
|
|
|
|
|
|
|
|
|
|
|
Cash consideration |
|
$ 375,658
|
|
|
|
|
|
|
|
|
|
|
Stock consideration |
|
186,522
|
|
|
|
|
|
|
|
|
|
|
Purchase consideration liability |
|
|
|
|
|
|
|
|
|
|
|
10,061
|
Attribution of the fair market value of replacement award |
|
4,318
|
|
|
|
|
|
|
|
|
|
|
Cash acquired |
|
(63,234)
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$ 503,264
|
|
|
|
|
|
|
|
|
|
|
Promissory note |
|
|
|
|
|
|
|
|
|
|
|
$ 10,061
|
Equity value issued (in dollars per share) | $ / shares |
|
$ 17.49
|
|
|
|
|
|
|
|
|
|
|
Cash value issued (in dollars per share) | $ / shares |
|
$ 11.51
|
|
|
|
|
|
|
|
|
|
|
Number of full trading days on which weighted average of sales price per share is determined |
|
10 days
|
|
|
|
|
|
|
|
|
|
|
Acquisition of businesses, net of cash acquired |
|
$ 375,658
|
|
|
|
|
|
|
|
|
|
|
Consideration issued (in shares) | shares |
|
5,974,000
|
|
|
|
|
|
|
|
|
|
|
Exercised statutory appraisal rights (in shares) | shares |
|
577,829
|
|
|
|
|
|
|
|
|
|
|
Granted (in shares) | shares |
|
1,052,000
|
|
|
|
|
|
|
|
|
|
|
Acquisition related costs |
|
|
|
|
309
|
|
|
1,574
|
|
|
|
|
Estimated fair values of the assets acquired and liabilities assumed |
|
|
|
|
|
|
|
|
|
|
|
|
Total tangible assets acquired |
|
$ 33,815
|
|
|
36,614
|
|
36,614
|
36,614
|
|
36,614
|
36,614
|
|
Total liabilities assumed |
|
(55,240)
|
|
|
(55,077)
|
|
(55,077)
|
(55,077)
|
|
(55,077)
|
(55,077)
|
|
Identifiable intangible assets |
|
237,000
|
|
|
237,000
|
|
237,000
|
237,000
|
|
237,000
|
237,000
|
|
Goodwill |
|
286,049
|
|
|
284,727
|
|
284,727
|
284,727
|
|
284,727
|
284,727
|
|
Total net assets acquired |
|
501,624
|
|
|
503,264
|
|
$ 503,264
|
503,264
|
|
503,264
|
$ 503,264
|
|
Measurement period adjustments, total tangible assets acquired |
|
|
|
|
|
|
|
|
|
2,799
|
|
|
Measurement period adjustments, total liabilities assumed |
|
|
|
|
|
|
|
|
|
163
|
|
|
Measurement period adjustments, goodwill |
|
|
|
|
|
|
|
|
|
(1,322)
|
|
|
Measurement period adjustments, Total net assets acquired |
|
|
|
|
|
|
|
|
|
$ 1,640
|
|
|
Intangible assets |
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets acquired, Amount |
|
237,000
|
|
|
|
|
|
|
|
|
|
|
Pro forma financial information |
|
|
|
|
|
|
|
|
|
|
|
|
Revenue since acquisition |
|
|
|
|
30,992
|
|
|
59,623
|
|
|
|
|
Net income (loss) since acquisition |
|
|
|
|
(11,165)
|
|
|
(25,023)
|
|
|
|
|
Acquired intangible asset amortization |
|
|
|
|
$ 8,570
|
|
|
17,141
|
|
|
|
|
Yodlee, Inc | Replacement Awards |
|
|
|
|
|
|
|
|
|
|
|
|
Consideration transferred in acquisition |
|
|
|
|
|
|
|
|
|
|
|
|
Stock consideration |
|
32,836
|
|
|
|
|
|
|
|
|
|
|
Attribution of the fair market value of replacement award |
|
4,318
|
|
|
|
|
|
|
|
|
|
|
Unrecognized compensation expense related to unvested restricted stock |
|
$ 28,518
|
|
|
|
|
|
|
|
|
|
|
Unrecognized compensation expense weighted-average recognition period |
|
43 months
|
|
|
|
|
|
|
|
|
|
|
Yodlee, Inc | Customer lists |
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets |
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets acquired, Amount |
|
$ 178,000
|
|
|
|
|
|
|
|
|
|
|
Intangible assets acquired, Weighted Average Useful Life In Years |
|
12 years
|
|
|
|
|
|
|
|
|
|
|
Yodlee, Inc | Backlog |
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets |
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets acquired, Amount |
|
$ 11,000
|
|
|
|
|
|
|
|
|
|
|
Intangible assets acquired, Weighted Average Useful Life In Years |
|
4 years
|
|
|
|
|
|
|
|
|
|
|
Yodlee, Inc | Proprietary technologies |
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets |
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets acquired, Amount |
|
$ 35,000
|
|
|
|
|
|
|
|
|
|
|
Intangible assets acquired, Weighted Average Useful Life In Years |
|
5 years
|
|
|
|
|
|
|
|
|
|
|
Yodlee, Inc | Trade names and domains |
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets |
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets acquired, Amount |
|
$ 13,000
|
|
|
|
|
|
|
|
|
|
|
Intangible assets acquired, Weighted Average Useful Life In Years |
|
6 years
|
|
|
|
|
|
|
|
|
|
|
Yodlee, Inc | Minimum |
|
|
|
|
|
|
|
|
|
|
|
|
Consideration transferred in acquisition |
|
|
|
|
|
|
|
|
|
|
|
|
Number of paid subscribers | item |
|
22,000,000
|
|
|
|
|
|
|
|
|
|
|
Number of serviced financial institutions | item |
|
1,000
|
|
|
|
|
|
|
|
|
|
|
Number of data sources | item |
|
15,000
|
|
|
|
|
|
|
|
|
|
|
Number of patents awarded | item |
|
78
|
|
|
|
|
|
|
|
|
|
|
Castle Rock Parties |
|
|
|
|
|
|
|
|
|
|
|
|
Consideration transferred in acquisition |
|
|
|
|
|
|
|
|
|
|
|
|
Acquisition related costs |
|
|
|
|
|
|
|
$ 85
|
|
|
|
|
Castle Rock Parties | ERS |
|
|
|
|
|
|
|
|
|
|
|
|
Consideration transferred in acquisition |
|
|
|
|
|
|
|
|
|
|
|
|
Noncontrolling owner's ownership (as a percent) |
|
|
6.50%
|
|
|
|
|
|
|
|
|
|
Issuance of redeemable units in ERS |
|
|
$ 900
|
|
|
|
|
|
|
|
|
|
Period to repurchase issued units in the subscription agreement |
|
|
36 months
|
|
|
|
|
|
|
|
|
|
One | Castle Rock Innovations, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Consideration transferred in acquisition |
|
|
|
|
|
|
|
|
|
|
|
|
Annual revenue target for contingent consideration (as a percent) |
|
|
|
40.00%
|
|
|
|
|
|
|
|
|
Revenue target for contingent consideration adjustment |
|
|
|
$ 100
|
|
|
|
|
|
|
|
|
Discount rate (as a percent) |
|
|
|
2.70%
|
|
|
|
|
|
|
|
|
Intangible assets |
|
|
|
|
|
|
|
|
|
|
|
|
Annual contingent consideration payment amount |
|
|
|
$ 714
|
|
|
|
|
|
|
|
|
Two | Castle Rock Innovations, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Consideration transferred in acquisition |
|
|
|
|
|
|
|
|
|
|
|
|
Annual revenue target for contingent consideration (as a percent) |
|
|
|
35.00%
|
|
|
|
|
|
|
|
|
Revenue target for contingent consideration adjustment |
|
|
|
$ 100
|
|
|
|
|
|
|
|
|
Discount rate (as a percent) |
|
|
|
3.00%
|
|
|
|
|
|
|
|
|
Intangible assets |
|
|
|
|
|
|
|
|
|
|
|
|
Annual contingent consideration payment amount |
|
|
|
$ 603
|
|
|
|
|
|
|
|
|
Three | Castle Rock Innovations, Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Consideration transferred in acquisition |
|
|
|
|
|
|
|
|
|
|
|
|
Annual revenue target for contingent consideration (as a percent) |
|
|
|
30.00%
|
|
|
|
|
|
|
|
|
Revenue target for contingent consideration adjustment |
|
|
|
$ 100
|
|
|
|
|
|
|
|
|
Discount rate (as a percent) |
|
|
|
3.30%
|
|
|
|
|
|
|
|
|
Intangible assets |
|
|
|
|
|
|
|
|
|
|
|
|
Annual contingent consideration payment amount |
|
|
|
$ 275
|
|
|
|
|
|
|
|
|