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, 2013

Property and Equipment

Property and Equipment

4. Property and Equipment

Property and equipment consist of the following:

		June 30,			December 31,
	Estimated Useful Life	2013			2012

Cost:
Office furniture and fixtures	5-7 years	$	3,763		$	3,613
Computer equipment and software	3 years	23,530			22,098
Other office equipment	5 years	598			598
Leasehold improvements	Shorter of the term of the lease or useful life of the asset	7,694			7,638
		35,585			33,947
Less accumulated depreciation and amortization		(24,374		)	(22,156		)
Property and equipment, net		$	11,211		$	11,791

Depreciation and amortization expense was as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2013		2012		2013		2012

Depreciation and amortization expense	$	1,095	$	1,223	$	2,218	$	2,260

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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