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, 2012 and 2011 are described and presented below.


	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2012			2011			2012			2011
Basic Net Income (Loss) Per Share Attributable to Evercore Partners Inc. Common Shareholders
Numerator:
Net income from continuing operations attributable to Evercore Partners Inc.	$	5,301		$	1,957		$	9,867		$	7,921
Associated accretion of redemption price of noncontrolling interest in Trilantic (See Note 13)		(21	)		(21	)		(63	)		(63	)

Net income from continuing operations attributable to Evercore Partners Inc. common shareholders		5,280			1,936			9,804			7,858
Net income (loss) from discontinued operations attributable to Evercore Partners Inc. common shareholders		—			(198	)		—			(313	)

Net income attributable to Evercore Partners Inc. common shareholders	$	5,280		$	1,738		$	9,804		$	7,545


Denominator:
Weighted average shares of Class A common stock outstanding, including vested restricted stock units (“RSUs”)		28,841			28,967			29,063			25,146
Basic net income per share from continuing operations attributable to Evercore Partners Inc. common shareholders	$	0.18		$	0.06		$	0.34		$	0.31
Basic net income (loss) per share from discontinued operations attributable to Evercore Partners Inc. common shareholders		—			—			—			(0.01	)

Basic net income per share attributable to Evercore Partners Inc. common shareholders	$	0.18		$	0.06		$	0.34		$	0.30


Diluted Net Income (Loss) Per Share Attributable to Evercore Partners Inc. Common Shareholders
Numerator:
Net income from continuing operations attributable to Evercore Partners Inc. common shareholders	$	5,280		$	1,936		$	9,804		$	7,858
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 from continuing operations attributable to Class A common shareholders		5,280			1,936			9,804			7,858
Net income (loss) from discontinued operations attributable to Evercore Partners Inc. common shareholders		—			(198	)		—			(313	)

Diluted net income attributable to Class A common shareholders	$	5,280		$	1,738		$	9,804		$	7,545


Denominator:
Weighted average shares of Class A common stock outstanding, including vested RSUs		28,841			28,967			29,063			25,146
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 and deferred consideration, as calculated using the Treasury Stock Method		2,033			1,387			2,099			1,738
Assumed conversion of Warrants issued		566			881			811			1,650

Diluted weighted average shares of Class A common stock outstanding		31,440			31,235			31,973			28,534

Diluted net income per share from continuing operations attributable to Evercore Partners Inc. common shareholders	$	0.17		$	0.06		$	0.31		$	0.27
Diluted net income (loss) per share from discontinued operations attributable to Evercore Partners Inc. common shareholders		—			—			—			(0.01	)

Diluted net income per share attributable to Evercore Partners Inc. common shareholders	$	0.17		$	0.06		$	0.31		$	0.26

(a)

During the three and nine months ended September 30, 2012 and 2011, the LP Units (which represent the right to receive 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 8,905 and 8,993 for the three and nine months ended September 30, 2012, respectively, and 8,864 and 10,791 for the three and nine months ended September 30, 2011, 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.