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Business Changes And Developments (Tables)
12 Months Ended
Dec. 31, 2011
Business Changes And Developments [Abstract]  
Purchase Price Allocation

The computation of goodwill was based on the fair value at August 19, 2011. The purchase price allocation is as follows:

 

     Amount  

Purchase Price:

  

Cash Paid

   $ 52,160   

Fair Value of Shares Issued

     636   

Fair Value of Deferred Cash Consideration

     9,274   
  

 

 

 

Total Fair Value of Purchase Price

     62,070   
  

 

 

 

Fair Value of Assets Acquired and Liabilities Assumed:

  

Cash and Cash Equivalents

     21,812   

Accounts Receivable

     7,821   

Prepaid Expenses

     9,504   

Fixed Assets

     429   

Other Assets

     964   

Intangible Assets

     7,164   

Current Liabilities

     (21,592

Long-term Debt

     (8,318
  

 

 

 

Identifiable Net Assets

     17,784   
  

 

 

 

Goodwill Resulting from Business Combination

   $ 44,286  

The computation of goodwill was based on its fair value at May 28, 2010, as presented below.

 

Purchase Price:

  

Cash Paid

   $ 68,992   

Fair Value of Contingent Consideration

     14,037   
  

 

 

 

Fair Value of Consideration Transferred

     83,029   

Fair Value of Noncontrolling Interest

     42,381   
  

 

 

 

Total Fair Value of Purchase Price

     125,410   
  

 

 

 

Fair Value of Assets Acquired and Liabilities Assumed:

  

Cash and Cash Equivalents

     1,410   

Accounts Receivable

     7,034   

Investments

     9   

Prepaid Expenses

     321   

Fixed Assets

     114   

Intangible Assets

     43,280   

Accounts Payable and Accrued Expenses

     (668

Accrued Compensation and Benefits

     (6,278

Income Taxes Payable

     (21
  

 

 

 

Identifiable Net Assets

     45,201   
  

 

 

 

Goodwill Resulting from Business Combination

   $ 80,209   
  

 

 

Operating Results On Pro Forma Basis
                 
     For the Years Ended December 31,  
           2011                  2010        
     (Unaudited)  

Net Revenues

   $ 575,344       $ 446,174   

Pre-tax Income

   $ 31,325       $ 18,650   

Net Income from Continuing Operations Attributable to Evercore Partners Inc.

   $ 4,635       $ 2,504   

Diluted Net Income Per Share from Continuing Operations Available to Evercore Partners Inc.

   $ 0.15       $ 0.10   
Summary Of Assets And Liabilities EAM
                 
     December 31,  
     2011      2010  

Assets

                 

Cash and Cash Equivalents

   $ 3,480       $ 1,534   

Accounts Receivable

     303         606   

Intangible Assets

     —           1,073   

Other Assets

     —           60   
    

 

 

    

 

 

 

Total Assets

   $ 3,783       $ 3,273   
    

 

 

    

 

 

 

Liabilities

                 

Payable to Employees and Related Parties

   $ —         $ 2,987   

Accrued Compensation and Benefits

     —           574   

Other Liabilities

     —           207   
    

 

 

    

 

 

 

Total Liabilities

   $ —         $ 3,768   
    

 

 

    

 

 

 
Goodwill Associated With Company's Acquisitions
     Investment
Banking
    Investment
Management
     Total  
         

Balance at December 31, 2009

   $ 34,989      $ 14,775       $ 49,764   

Acquisitions

     7,173        81,057         88,230   

Foreign Currency Translation

     1,037        —           1,037   
  

 

 

   

 

 

    

 

 

 

Balance at December 31, 2010

     43,199        95,832         139,031   

Acquisitions

     44,286        80         44,366   

Foreign Currency Translation

     (5,548     —           (5,548
  

 

 

   

 

 

    

 

 

 

Balance at December 31, 2011

   $ 81,937      $ 95,912       $ 177,849   
  

 

 

   

 

 

    

 

 

 
Intangible Assets Associated With Company's Acquisitions
    December 31, 2011  
    Gross Carrying Amount     Accumulated Amortization  
    Investment
Banking
    Investment
Management
    Total     Investment
Banking
    Investment
Management
    Total  
             

Client Related

  $ 17,835      $ 43,250      $ 61,085      $ 13,874      $ 10,197      $ 24,071   

Professional Licenses

    —          —          —          —          —          —     

Acquired Mandates

    1,810        —          1,810        836        —          836   

Non-compete/Non-solicit Agreements

    135        1,780        1,915        40        564        604   

Other

    —          1,800        1,800        —          190        190   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 19,780      $ 46,830      $ 66,610      $ 14,750      $ 10,951      $ 25,701   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
    December 31, 2010  
    Gross Carrying Amount     Accumulated Amortization  
    Investment
Banking
    Investment
Management
    Total     Investment
Banking
    Investment
Management
    Total  
           

Client Related

  $ 11,242      $ 44,430      $ 55,672      $ 7,120      $ 4,212      $ 11,332   

Professional Licenses

    275        —          275        259        —          259   

Acquired Mandates

    1,810        —          1,810        384        —          384   

Non-compete/Non-solicit Agreements

    518        1,780        2,298        380        208        588   

Other

    714        1,800        2,514        703        71        774   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 14,559      $ 48,010      $ 62,569      $ 8,846      $ 4,491      $ 13,337   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Annual Amortization Of Intangibles For Next Five Years

2012

   $  10,489   

2013

   $ 7,508   

2014

   $ 5,214   

2015

   $ 3,555   

2016

   $ 3,174