Goodwill and Intangible Assets (Tables)
|
9 Months Ended |
Sep. 30, 2016 |
|---|
| Goodwill and Intangible Assets |
|
| Schedule of changes in the carrying amount of goodwill by segment |
|
|
|
|
|
|
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|
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|
|
Envestnet
|
|
Envestnet | Yodlee
|
|
Total
|
|
Balance at December 31, 2015
|
|
$
|
135,224
|
|
$
|
286,049
|
|
$
|
421,273
|
|
FinaConnect acquisition
|
|
|
3,617
|
|
|
—
|
|
|
3,617
|
|
Purchase accounting adjustments - FinaConnect
|
|
|
(230)
|
|
|
—
|
|
|
(230)
|
|
Purchase accounting adjustments - Yodlee
|
|
|
—
|
|
|
(1,159)
|
|
|
(1,159)
|
|
Purchase accounting adjustments - Castle Rock
|
|
|
(388)
|
|
|
—
|
|
|
(388)
|
|
Other
|
|
|
(490)
|
|
|
(58)
|
|
|
(548)
|
|
Balance at September 30, 2016
|
|
$
|
137,733
|
|
$
|
284,832
|
|
$
|
422,565
|
|
| Schedule of components of intangible assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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September 30, 2016
|
|
December 31, 2015
|
|
|
|
|
|
|
|
|
Gross
|
|
|
|
|
Net
|
|
Gross
|
|
|
|
|
Net
|
|
|
|
|
|
|
|
|
Carrying
|
|
Accumulated
|
|
Carrying
|
|
Carrying
|
|
Accumulated
|
|
Carrying
|
|
|
|
Useful Life
|
|
Amount
|
|
Amortization
|
|
Amount
|
|
Amount
|
|
Amortization
|
|
Amount
|
|
Customer lists
|
|
4
|
-
|
12
|
years
|
|
$
|
262,000
|
|
$
|
(55,451)
|
|
$
|
206,549
|
|
$
|
257,410
|
|
$
|
(33,668)
|
|
$
|
223,742
|
|
Backlog
|
|
|
|
4
|
years
|
|
|
11,000
|
|
|
(5,017)
|
|
|
5,983
|
|
|
11,000
|
|
|
(703)
|
|
|
10,297
|
|
Proprietary technologies
|
|
2.5
|
-
|
8
|
years
|
|
|
54,728
|
|
|
(17,536)
|
|
|
37,192
|
|
|
53,928
|
|
|
(9,833)
|
|
|
44,095
|
|
Trade names
|
|
2
|
-
|
6
|
years
|
|
|
17,015
|
|
|
(4,505)
|
|
|
12,510
|
|
|
16,690
|
|
|
(2,149)
|
|
|
14,541
|
|
Total intangible assets
|
|
|
|
|
|
|
$
|
344,743
|
|
$
|
(82,509)
|
|
$
|
262,234
|
|
$
|
339,028
|
|
$
|
(46,353)
|
|
$
|
292,675
|
|
| Schedule of amortization expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Nine Months Ended
|
|
|
|
September 30,
|
|
September 30,
|
|
|
|
2016
|
|
2015
|
|
2016
|
|
2015
|
|
Amortization expense
|
|
$
|
12,035
|
|
$
|
3,508
|
|
$
|
36,156
|
|
$
|
10,201
|
|
| Schedule of Future amortization expense of the intangible assets |
|
|
|
|
|
Years ending December 31:
|
|
|
|
Remainder of 2016
|
$
|
11,829
|
|
2017
|
|
43,059
|
|
2018
|
|
36,936
|
|
2019
|
|
33,201
|
|
2020
|
|
29,239
|
|
Thereafter
|
|
107,970
|
|
|
$
|
262,234
|
|