Quarterly report pursuant to Section 13 or 15(d)

Accounts Payable, Accrued Expenses??and Other Current Liabilities (Tables)

v3.23.3
Accounts Payable, Accrued Expenses and Other Current Liabilities (Tables)
 9 Months Ended
Sep. 30, 2023
Payables and Accruals [Abstract]  
Schedule of Accounts Payable, Accrued Expenses and Other Current Liabilities
Accounts payable, accrued expenses and other current liabilities consisted of the following:

September 30, December 31,
  2023 2022
(in thousands)
Accrued investment manager fees $ 110,496  $ 99,851 
Accrued compensation and related taxes 69,943  77,939 
Accounts payable 16,594  11,271 
Accrued professional services 9,779  10,762 
Accrued interest 5,654  3,091 
Accrued technology 5,285  6,393 
Accrued treasury stock purchases —  9,289 
Other accrued expenses 6,634  15,270 
Total accounts payable, accrued expenses and other current liabilities $ 224,385  $ 233,866 
Schedule of Restructuring and Related Costs
The following table presents a reconciliation of the beginning and ending liability balance related to these efforts, which is primarily included within "Accrued compensation and related taxes" in the table above.

  Envestnet Wealth Solutions Envestnet Data & Analytics Nonsegment Total
(in thousands)
Balance as of December 31, 2022 $ 11,929  $ 3,439  $ —  $ 15,368 
Severance expense
 9,931  11,849  4,124  25,904 
Cash payments (14,170) (9,535) (4,124) (27,829)
Balance as of September 30, 2023 $ 7,690  $ 5,753  $ —  $ 13,443