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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues        
Investment Banking Revenue $ 285,561 $ 202,178 $ 749,749 $ 522,933
Investment Management Revenue 23,812 24,777 70,398 73,493
Other Revenue, Including Interest 4,097 4,170 8,656 8,861
Total Revenues 313,470 231,125 828,803 605,287
Interest Expense 4,519 3,964 13,773 11,317
Net Revenues [1] 308,951 227,161 815,030 593,970
Expenses        
Employee Compensation and Benefits 197,375 136,561 533,645 357,299
Occupancy and Equipment Rental 11,717 9,999 35,631 29,621
Professional Fees 13,410 10,862 36,007 31,361
Travel and Related Expenses 12,567 9,576 39,137 27,058
Communications and Information Services 9,295 3,974 27,595 11,269
Depreciation and Amortization 8,398 3,508 21,112 10,866
Special Charges 28,000 3,732 33,499 3,732
Acquisition and Transition Costs 538 4,122 1,939 5,238
Other Operating Expenses 15,753 5,481 32,458 14,431
Total Expenses 297,053 187,815 761,023 490,875
Income Before Income from Equity Method Investments and Income Taxes 11,898 39,346 54,007 103,095
Income from Equity Method Investments 929 1,102 4,034 3,381
Income Before Income Taxes 12,827 40,448 58,041 106,476
Provision for Income Taxes 7,392 15,264 30,327 38,214
Net Income 5,435 25,184 27,714 68,262
Net Income (Loss) Attributable to Noncontrolling Interest (1,762) 875 5,453 9,120
Net Income Attributable to Evercore Partners Inc. 7,197 24,309 22,261 59,142
Net Income Attributable to Evercore Partners Inc. Common Shareholders $ 7,197 $ 24,309 $ 22,261 $ 59,142
Weighted Average Shares of Class A Common Stock Outstanding        
Basic (in shares) 36,773 36,527 36,649 35,655
Diluted (in shares) 44,334 41,873 43,100 41,819
Net Income Per Share Attributable to Evercore Partners Inc. Common Shareholders:        
Basic (in dollars per share) $ 0.20 $ 0.67 $ 0.61 $ 1.66
Diluted (in dollars per share) 0.16 0.58 0.52 1.41
Dividends declared per share of Class A common stock (in dollars per share) $ 0.28 $ 0.25 $ 0.84 $ 0.75
[1] Net revenues include Other Revenue, net, allocated to the segments as follows: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2015 2014 2015 2014Investment Banking (A)$357 $850 $(2,874) $(731)Investment Management (B)(779) (644) (2,243) (1,725)Total Other Revenue, net$(422) $206 $(5,117) $(2,456)(A)Investment Banking Other Revenue, net, includes interest expense on the Senior Notes, subordinated borrowings and line of credit of $1,452 and $4,889 for the three and nine months ended September 30, 2015, respectively, and $1,134 and $3,344 for the three and nine months ended September 30, 2014, respectively. (B)Investment Management Other Revenue, net, includes interest expense on the Senior Notes and line of credit of $962 and $2,874 for the three and nine months ended September 30, 2015, respectively, and $956 and $2,820 for the three and nine months ended September 30, 2014, respectively.