| Schedule of changes in the carrying amount of goodwill by segment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Envestnet
|
|
Envestnet | Yodlee
|
|
Total
|
|
Balance at December 31, 2016
|
|
$
|
163,751
|
|
$
|
268,185
|
|
$
|
431,936
|
|
Purchase accounting adjustments - Wheelhouse
|
|
|
—
|
|
|
457
|
|
|
457
|
|
Foreign currency translation
|
|
|
—
|
|
|
353
|
|
|
353
|
|
Balance at September 30, 2017
|
|
$
|
163,751
|
|
$
|
268,995
|
|
$
|
432,746
|
|
| Schedule of components of intangible assets, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2017
|
|
December 31, 2016
|
|
|
|
|
|
|
|
|
Gross
|
|
|
|
|
Net
|
|
Gross
|
|
|
|
|
Net
|
|
|
|
Estimated
|
|
Carrying
|
|
Accumulated
|
|
Carrying
|
|
Carrying
|
|
Accumulated
|
|
Carrying
|
|
|
|
Useful Life
|
|
Amount
|
|
Amortization
|
|
Amount
|
|
Amount
|
|
Amortization
|
|
Amount
|
|
Customer lists
|
|
4
|
-
|
15
|
years
|
|
$
|
259,350
|
|
$
|
(72,743)
|
|
$
|
186,607
|
|
$
|
259,490
|
|
$
|
(54,861)
|
|
$
|
204,629
|
|
Proprietary technologies
|
|
2
|
-
|
8
|
years
|
|
|
57,328
|
|
|
(27,979)
|
|
|
29,349
|
|
|
57,770
|
|
|
(20,214)
|
|
|
37,556
|
|
Trade names
|
|
2
|
-
|
7
|
years
|
|
|
24,889
|
|
|
(8,766)
|
|
|
16,123
|
|
|
25,007
|
|
|
(6,178)
|
|
|
18,829
|
|
Backlog
|
|
|
|
4
|
years
|
|
|
11,000
|
|
|
(9,554)
|
|
|
1,446
|
|
|
11,000
|
|
|
(6,456)
|
|
|
4,544
|
|
Total intangible assets
|
|
|
|
|
|
|
$
|
352,567
|
|
$
|
(119,042)
|
|
$
|
233,525
|
|
$
|
353,267
|
|
$
|
(87,709)
|
|
$
|
265,558
|
|
| Schedule of future amortization expense of the intangible assets |
Future amortization expense of the intangible assets as of September 30, 2017, is expected to be as follows:
|
|
|
|
|
Years ending December 31:
|
|
|
|
Remainder of 2017
|
$
|
10,232
|
|
2018
|
|
35,657
|
|
2019
|
|
32,038
|
|
2020
|
|
28,344
|
|
2021
|
|
20,638
|
|
Thereafter
|
|
106,616
|
|
|
$
|
233,525
|
|