Net Income Per Share Attributable To Evercore Partners Inc. Common Shareholders

6 Months Ended

Jun. 30, 2011

Net Income Per Share Attributable To Evercore Partners Inc. Common Shareholders

Net Income Per Share Attributable To Evercore Partners Inc. Common Shareholders

Note 14 – Net Income Per Share Attributable to Evercore Partners Inc. Common Shareholders

The calculations of basic and diluted net income per share attributable to Evercore Partners Inc. common shareholders for the three and six months ended June 30, 2011 and 2010 are described and presented below.

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2011			2010			2011			2010
Basic Net Income Per Share Attributable to Evercore Partners Inc. Common Shareholders
Numerator:
Net income attributable to Evercore Partners Inc.	$	2,261		$	117		$	5,849		$	2,137
Associated accretion of redemption price of noncontrolling interest in Trilantic (See Note 13)		(21	)		(21	)		(42	)		(32	)
Net income attributable to Evercore Partners Inc. common shareholders	$	2,240		$	96		$	5,807		$	2,105
Denominator:
Weighted average shares of Class A common stock outstanding, including vested restricted stock units ("RSUs")		23,724			19,016			23,204			18,846
Basic Net Income Per Share Attributable to Evercore Partners Inc. common shareholders	$	0.09		$	0.01		$	0.25		$	0.11
Diluted Net Income Per Share Attributable to Evercore Partners Inc. Common Shareholders
Numerator:
Net income attributable to Evercore Partners Inc. common shareholders	$	2,240		$	96		$	5,807		$	2,105
Add (deduct)—dilutive effect of:
Noncontrolling Interest related to the assumed exchange of LP Units for Class A common shares		(a	)		(a	)		(a	)		(a	)
Associated corporate taxes related to the assumed elimination of Noncontrolling Interest described above		(a	)		(a	)		(a	)		(a	)
Diluted Net Income Available for Class A common shareholders	$	2,240		$	96		$	5,807		$	2,105
Denominator:
Weighted average shares of Class A common stock outstanding, including vested RSUs		23,724			19,016			23,204			18,846
Add—dilutive effect of:
Assumed exchange of LP Units for Class A common shares		(a	)		(a	)		(a	)		(a	)
Additional shares of the Company's common stock assumed to be issued pursuant to non-vested RSUs, as calculated using the Treasury Stock Method		1,648			1,700			1,801			1,913
Assumed conversion of Warrants issued		1,992			1,647			1,951			1,633
Diluted weighted average shares of Class A common stock outstanding		27,364			22,363			26,956			22,392
Diluted Net Income Per Share Attributable to Evercore Partners Inc. common shareholders	$	0.08		$	0.00		$	0.22		$	0.09

(a) During the three and six months ended June 30, 2011 and 2010, the LP Units (which represent the right to receive shares of Class A common stock upon exchange) were antidilutive and consequently the effect of their exchange into shares of Class A common stock has been excluded from the calculation of diluted net income per share attributable to Evercore Partners Inc. common shareholders. The units that would have been included in the computation of diluted net income per share attributable to Evercore Partners Inc. common shareholders if the effect would have been dilutive were 11,664 and 11,789 for the three and six months ended June 30, 2011, respectively, and 14,637 and 14,478 for the three and six months ended June 30, 2010, respectively.

The shares of Class B common stock have no right to receive dividends or a distribution on liquidation or winding up of Evercore Partners Inc. The shares of Class B common stock do not share in the earnings of Evercore Partners Inc. and no earnings are allocable to such class. Accordingly, basic and diluted net income per share of Class B common stock have not been presented.