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

Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

Property and Equipment

6 Months Ended

Jun. 30, 2015

4. Property and Equipment

		June 30,			December 31,
	Estimated Useful Life	2015			2014

Cost:
Office furniture and fixtures	5-7 years	$	4,869		$	4,993
Computer equipment and software	3 years	22,459			18,540
Other office equipment	5 years	124			144
Leasehold improvements	Shorter of the lease term or useful life of the asset	11,378			10,805

		38,830			34,482
Less accumulated depreciation and amortization		(20,547		)	(17,853		)

Property and equipment, net		$	18,283		$	16,629

During the three and six months ended June 30, 2015, the Company retired fully depreciated property and equipment that were no longer in service with cost and accumulated depreciation amounts of $564.

Depreciation and amortization expense was as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2015		2014		2015		2014

Depreciation and amortization expense	$	1,658	$	1,553	$	3,133	$	3,042