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

Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

Property and Equipment, Net

9 Months Ended

Sep. 30, 2018

Property, Plant and Equipment [Abstract]

Property and equipment, net consists of the following:



		September 30,			December 31,
	Estimated Useful Life	2018			2017
Cost:
Computer equipment and software	3 years	$	63,522		$	56,192
Leasehold improvements	Shorter of the lease term or useful life of the asset	27,771			23,192
Office furniture and fixtures	3-7 years	9,199			8,110
Other office equipment	3-5 years	5,416			2,052
		105,908			89,546
Less: accumulated depreciation and amortization		(61,195		)	(53,637		)
Property and equipment, net		$	44,713		$	35,909

During the three and nine months ended September 30, 2018, the Company retired property and equipment that was no longer in service in the amount of $1,611 and $8,349, primarily related to fully depreciated computer equipment and software assets. Of the $1,611, $872 of the assets originated in the Envestnet segment and the remaining $739 originated in the Envestnet | Yodlee segment for the three months ended September 30, 2018. Of the $8,349, $4,209 of the assets originated in the Envestnet segment and the remaining $4,140 originated in the Envestnet | Yodlee segment for the nine months ended September 30, 2018. Asset retirements during the three and nine months ended September 30, 2017 were not material. Losses on asset retirements were not material during the three and nine months ended September 30, 2018 and 2017.

Depreciation and amortization expense was as follows:



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2018		2017		2018		2017
Depreciation and amortization expense	$	3,917	$	3,724	$	11,755	$	11,668