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

9 Months Ended

Sep. 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 nine months ended September 30, 2011 and 2010 are described and presented below.

	For the Three Months Ended September 30,						For the Nine Months Ended September 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.	$	1,759		$	3,530		$	7,608		$	5,667
Associated accretion of redemption price of noncontrolling interest in Trilantic (See Note 13)		(21	)		(21	)		(63	)		(53	)
Net income attributable to Evercore Partners Inc. common shareholders	$	1,738		$	3,509		$	7,545		$	5,614
Denominator:
Weighted average shares of Class A common stock outstanding, including vested restricted stock units ("RSUs")		28,967			18,973			25,146			18,901
Basic Net Income Per Share Attributable to Evercore Partners Inc. common shareholders	$	0.06		$	0.18		$	0.30		$	0.30
Diluted Net Income Per Share Attributable to Evercore Partners Inc. Common Shareholders
Numerator:
Net income attributable to Evercore Partners Inc. common shareholders	$	1,738		$	3,509		$	7,545		$	5,614
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	$	1,738		$	3,509		$	7,545		$	5,614
Denominator:
Weighted average shares of Class A common stock outstanding, including vested RSUs		28,967			18,973			25,146			18,901
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		1,387			1,414			1,738			1,825
Assumed conversion of Warrants issued		881			704			1,650			1,360
Diluted weighted average shares of Class A common stock outstanding		31,235			21,091			28,534			22,086
Diluted Net Income Per Share Attributable to Evercore Partners Inc. common shareholders	$	0.06		$	0.17		$	0.26		$	0.25

(a) During the three and nine months ended September 30, 2011 and 2010, the LP Units (which represent the right to receive shares of Class A Shares upon exchange) were antidilutive and consequently the effect of their exchange into Class A Shares 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 8,864 and 10,791 for the three and nine months ended September 30, 2011, respectively, and 14,130 and 14,359 for the three and nine months ended September 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.