Envestnet, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Internally Developed Software, Net

Internally Developed Software, Net

6 Months Ended

Jun. 30, 2017

Internally Developed Software, Net

Internally Developed Software, Net

6. Internally Developed Software, Net

Internally developed software, net consists of the following:


		June 30,		December 31,
	Estimated Useful Life	2017		2016
Internally developed software	5 years	$	39,369	$	33,718
Less: accumulated amortization			(21,258)		(18,858)
Internally developed software, net		$	18,111	$	14,860

Amortization expense was as follows:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2017		2016		2017		2016
Amortization expense	$	1,241	$	857	$	2,400	$	1,652

- Definition

The entire disclosure for research, development, and computer software activities, including contracts and arrangements to be performed for others and with federal government. Includes costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility and in-process research and development acquired in a business combination consummated during the period.

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