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Evercore Partners Inc. Stockholders' Equity
3 Months Ended
Mar. 31, 2013
Evercore Partners Inc. Stockholders' Equity

Note 11 – Evercore Partners Inc. Stockholders’ Equity

Dividends – The Company’s Board of Directors declared on April 22, 2013, a quarterly cash dividend of $0.22 per share, to the holders of Class A Shares as of May 31, 2013, which will be paid on June 14, 2013. During the three months ended March 31, 2013, the Company declared and paid dividends of $0.22 per share, totaling $7,115.

Treasury Stock – During the three months ended March 31, 2013, the Company purchased 753 Class A Shares primarily from employees at values ranging from $22.24 to $43.18 per share primarily for the net settlement of stock-based compensation awards and 31 Class A Shares at market values ranging from $39.22 to $39.46 per share pursuant to the Company’s share repurchase program. The result of these purchases was an increase in Treasury Stock of $29,752 on the Company’s Unaudited Condensed Consolidated Statement of Financial Condition as of March 31, 2013.

LP Units – During the three months ended March 31, 2013, 1,326 Evercore LP partnership units (“LP Units”) were exchanged for Class A Shares (including 983 LP Units which were exchanged on December 31, 2012 where settlement did not occur until January 2013), resulting in an increase to Common Stock and Additional Paid-In-Capital of $13 and $8,065, respectively, on the Company’s Unaudited Condensed Consolidated Statement of Financial Condition as of March 31, 2013.

Accumulated Other Comprehensive Income (Loss) – As of March 31, 2013, Accumulated Other Comprehensive Income (Loss) on the Company’s Unaudited Condensed Consolidated Statement of Financial Condition includes accumulated Unrealized Gain (Loss) on Marketable Securities, net, and Foreign Currency Translation Adjustment Gain (Loss), net, of ($1,013) and ($8,091), respectively.

 

Other Revenue, Including Interest, and the Provision (Benefit) for Income Taxes on the Unaudited Condensed Consolidated Statement of Operations for the three months ended March 31, 2013 includes ($1,683) and ($573), respectively, reclassified from Accumulated Other Comprehensive Income (Loss) related to the recognition of a cumulative foreign exchange translation loss as a result of the consolidation of Pan.