Evercore Partners Inc. Stockholders' Equity

9 Months Ended

Sep. 30, 2013

Equity [Abstract]

Evercore Partners Inc. Stockholders' Equity

Evercore Partners Inc. Stockholders’ Equity

Dividends – The Company’s Board of Directors declared on October 23, 2013, a quarterly cash dividend of $0.25 per share, to the holders of Class A Shares as of November 29, 2013, which will be paid on December 13, 2013. During the nine months endedSeptember 30, 2013, the Company declared and paid dividends of $0.66 per share, totaling $21,214.

Treasury Stock – During the nine months endedSeptember 30, 2013, the Company purchased 932 Class A Shares primarily from employees at values ranging from $22.24 to $50.08 per share primarily for the net settlement of stock-based compensation awards and 1,298 Class A Shares at market values ranging from $36.00 to $41.00 per share pursuant to the Company’s share repurchase program. The result of these purchases was an increase in Treasury Stock of $85,073 on the Company’s Unaudited Condensed Consolidated Statement of Financial Condition as of September 30, 2013.

LP Units – During the nine months endedSeptember 30, 2013, 1,616 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 $16 and $10,585, respectively, on the Company’s Unaudited Condensed Consolidated Statement of Financial Condition as of September 30, 2013.

In June 2013, the Company purchased 185 LP Units and certain other rights from a noncontrolling interest holder, resulting in a decrease to Noncontrolling Interest of $5,893 and a net increase to Additional Paid-In-Capital of $1,343, inclusive of the step-up in tax basis for the assets of Evercore LP, on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of September 30, 2013.

Accumulated Other Comprehensive Income (Loss) – As of September 30, 2013, Accumulated Other Comprehensive Income (Loss) on the Company’s Unaudited Condensed Consolidated Statement of Financial Condition includes an accumulated Unrealized Gain (Loss) on Marketable Securities, net, and a Foreign Currency Translation Adjustment Gain (Loss), net, of ($1,828) and ($8,370), respectively.

Income (Loss) from Discontinued Operations, and the Provision (Benefit) for Income Taxes from Discontinued Operations on the Unaudited Condensed Consolidated Statement of Operations for the nine months endedSeptember 30, 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.