The calculations of basic and diluted net income (loss) per share attributable to Evercore Partners Inc. common shareholders for the years ended December 31, 2013, 2012 and 2011 are described and presented below.



	For the Years Ended December 31,
	2013			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.	$	54,867		$	28,889		$	7,918
Associated accretion of redemption price of noncontrolling interest in Trilantic (See Note 15)	(68		)	(84		)	(84		)
Net income from continuing operations attributable to Evercore Partners Inc. common shareholders	54,799			28,805			7,834
Net income (loss) from discontinued operations attributable to Evercore Partners Inc. common shareholders	(1,605		)	—			(966		)
Net income attributable to Evercore Partners Inc. common shareholders	$	53,194		$	28,805		$	6,868
Denominator:
Weighted average shares of Class A common stock outstanding, including vested RSUs	32,208			29,275			26,019
Basic net income per share from continuing operations attributable to Evercore Partners Inc. common shareholders	$	1.70		$	0.98		$	0.30
Basic net income (loss) per share from discontinued operations attributable to Evercore Partners Inc. common shareholders	(0.05		)	—			(0.04		)
Basic net income per share attributable to Evercore Partners Inc. common shareholders	$	1.65		$	0.98		$	0.26
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	$	54,799		$	28,805		$	7,834
Noncontrolling interest related to the assumed exchange of LP Units for Class A Shares	(a)			(a)			(a)
Associated corporate taxes related to the assumed elimination of Noncontrolling Interest described above	(a)			(a)			(a)
Diluted net income from continuing operations attributable to Class A common shareholders	54,799			28,805			7,834
Net income (loss) from discontinued operations attributable to Evercore Partners Inc. common shareholders	(1,605		)	—			(966		)
Diluted net income attributable to Class A common shareholders	$	53,194		$	28,805		$	6,868
Denominator:
Weighted average shares of Class A common stock outstanding, including vested RSUs	32,208			29,275			26,019
Assumed exchange of LP Units for Class A Shares	(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	3,585			2,386			1,903
Assumed conversion of Warrants issued	2,688			887			1,475
Diluted weighted average shares of Class A common stock outstanding	38,481			32,548			29,397
Diluted net income per share from continuing operations attributable to Evercore Partners Inc. common shareholders	$	1.42		$	0.89		$	0.27
Diluted net income (loss) per share from discontinued operations attributable to Evercore Partners Inc. common shareholders	(0.04		)	—			(0.04		)
Diluted net income per share attributable to Evercore Partners Inc. common shareholders	$	1.38		$	0.89		$	0.23

(a)

The Company has outstanding LP Units in its subsidiary, Evercore LP, which give the holders the right to receive Class A Shares upon exchange on a one for one basis. During the years ended December 31, 2013, 2012 and 2011, the LP Units were antidilutive and consequently the effect of their exchange into Class A Shares has been excluded from the calculation of diluted net income (loss) per share attributable to Evercore Partners Inc. common shareholders. The units that would have been included in the denominator of the computation of diluted net income (loss) per share attributable to Evercore Partners Inc. common shareholders if the effect would have been dilutive were 6,433, 8,695 and 10,356 for the years ended December 31, 2013, 2012 and 2011, respectively. The adjustment to the numerator, Diluted net income attributable to Class A common shareholders, if the effect would have been dilutive, would have been $12,804, $8,135 and $5,692 for the years ended December 31, 2013, 2012 and 2011, respectively. In computing this adjustment, the Company assumes that all vested LP Units, and all unvested LP Units after applying the treasury stock method, are converted into Class A Shares, that all earnings attributable to those shares are attributed to Evercore Partners Inc. and, that it has adopted a conventional corporate tax structure and is taxed as a C Corporation in the U.S. at prevailing corporate tax rates. The Company does not anticipate that the LP Units will result in a dilutive computation in future periods.