Goodwill and Intangible Assets, Net (Tables)
|
6 Months Ended |
Jun. 30, 2018 |
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| Goodwill and Intangible Assets, Net |
|
| Schedule of changes in the carrying amount of goodwill by segment |
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Envestnet
|
|
Envestnet | Yodlee
|
|
Total
|
|
Balance at December 31, 2017
|
|
$
|
163,751
|
|
$
|
269,204
|
|
$
|
432,955
|
|
FolioDynamix acquisition
|
|
|
94,624
|
|
|
—
|
|
|
94,624
|
|
Foreign currency
|
|
|
—
|
|
|
(624)
|
|
|
(624)
|
|
Balance at June 30, 2018
|
|
$
|
258,375
|
|
$
|
268,580
|
|
$
|
526,955
|
|
| Schedule of components of intangible assets, net |
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June 30, 2018
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December 31, 2017
|
|
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Gross
|
|
|
|
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Net
|
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Gross
|
|
|
|
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Net
|
|
|
|
Estimated
|
|
Carrying
|
|
Accumulated
|
|
Carrying
|
|
Carrying
|
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Accumulated
|
|
Carrying
|
|
|
|
Useful Life
|
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Amount
|
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Amortization
|
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Amount
|
|
Amount
|
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Amortization
|
|
Amount
|
|
Customer lists
|
|
7
|
-
|
15
|
years
|
|
$
|
354,850
|
|
$
|
(96,095)
|
|
$
|
258,755
|
|
$
|
259,350
|
|
$
|
(78,482)
|
|
$
|
180,868
|
|
Proprietary technologies
|
|
4
|
-
|
8
|
years
|
|
|
75,543
|
|
|
(38,411)
|
|
|
37,132
|
|
|
57,377
|
|
|
(31,067)
|
|
|
26,310
|
|
Trade names
|
|
1
|
-
|
7
|
years
|
|
|
29,540
|
|
|
(11,923)
|
|
|
17,617
|
|
|
24,840
|
|
|
(9,701)
|
|
|
15,139
|
|
Backlog
|
|
|
|
4
|
years
|
|
|
11,000
|
|
|
(10,761)
|
|
|
239
|
|
|
11,000
|
|
|
(10,586)
|
|
|
414
|
|
Total intangible assets
|
|
|
|
|
|
|
$
|
470,933
|
|
$
|
(157,190)
|
|
$
|
313,743
|
|
$
|
352,567
|
|
$
|
(129,836)
|
|
$
|
222,731
|
|
| Schedule of amortization expense |
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Three Months Ended
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Six Months Ended
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June 30,
|
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June 30,
|
|
|
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2018
|
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2017
|
|
2018
|
|
2017
|
|
Amortization expense
|
|
$
|
13,419
|
|
$
|
10,371
|
|
$
|
27,354
|
|
$
|
20,956
|
|
| Schedule of future amortization expense of the intangible assets |
Future amortization expense of the intangible assets as of June 30, 2018, is expected to be as follows:
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|
|
|
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Years ending December 31:
|
|
|
|
Remainder of 2018
|
$
|
26,051
|
|
2019
|
|
47,690
|
|
2020
|
|
43,548
|
|
2021
|
|
34,762
|
|
2022
|
|
32,168
|
|
Thereafter
|
|
129,524
|
|
|
$
|
313,743
|
|