Acquisition and Transition Costs, Intangible Asset Amortization and Special Charges

9 Months Ended

Sep. 30, 2013

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Acquisition and Transition Costs, Intangible Asset Amortization and Special Charges

Acquisition and Transition Costs, Intangible Asset Amortization and Special Charges

Acquisition and Transition Costs

The Company recognized $58 for the nine months endedSeptember 30, 2013 and $148 for the nine months endedSeptember 30, 2012, as Acquisition and Transition Costs incurred in connection with recent acquisitions and other ongoing business development initiatives. These costs are primarily comprised of professional fees for legal and other services.

Intangible Asset Amortization

Expense associated with the amortization of intangible assets for Investment Banking was $204 and $612for the three and nine months ended September 30, 2013, respectively, and $593 and $3,636for the three and nine months ended September 30, 2012, respectively, included within Depreciation and Amortization expense on the Unaudited Condensed Consolidated Statements of Operations. Expense associated with the amortization of intangible assets for Investment Management was $1,793 and $4,775for the three and nine months ended September 30, 2013, respectively, and $1,674 and $5,023for the three and nine months ended September 30, 2012, respectively, included within Depreciation and Amortization expense on the Unaudited Condensed Consolidated Statements of Operations. See Note 8 for Goodwill and Intangible assets recorded as a result of the Company’s consolidation of Evercore Pan-Asset Capital Management ("Pan").

Special Charges

The Company recognized costs of $662 for the nine months ended September 30, 2012, as Special Charges incurred in connection with exiting facilities in the UK.