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Noncontrolling Interest
3 Months Ended
Mar. 31, 2017
Noncontrolling Interest [Abstract]  
Noncontrolling Interest
Noncontrolling Interest
Noncontrolling Interest recorded in the unaudited condensed consolidated financial statements of the Company relates to a 13% interest in Evercore LP, a 38% interest in Evercore Wealth Management ("EWM"), a 39% interest in Evercore Private Capital Advisory L.P. ("PCA") through March 3, 2017, the date the Company purchased an additional 13% interest, and a 26% interest thereafter, a 28% interest in ECB (through January 29, 2016, the date all of the noncontrolling interest was repurchased by the Company) and other private equity partnerships (through September 30, 2016, the date the Company deconsolidated its Mexican Private Equity business). The Noncontrolling Interests for Evercore LP, EWM and PCA have rights, in certain circumstances, to convert into Class A Shares.
Changes in Noncontrolling Interest for the three months ended March 31, 2017 and 2016 were as follows:
 
For the Three Months Ended March 31,
 
2017
 
2016
Beginning balance
$
256,033

 
$
202,664

 
 
 
 
Comprehensive income (loss):
 
 
 
Net Income Attributable to Noncontrolling Interest
13,876

 
2,360

Other comprehensive income (loss)
44

 
(381
)
Total comprehensive income
13,920

 
1,979

 
 
 
 
Evercore LP Units Converted into Class A Shares
(23,126
)
 
(4,136
)
Amortization and Vesting of LP Units/Interests
(21,372
)
 
31,760

 
 
 
 
Other Items:
 
 
 
Distributions to Noncontrolling Interests
(8,601
)
 
(8,585
)
Issuance of Noncontrolling Interest
8,229

 

Purchase of Noncontrolling Interest
(261
)
 
(5,225
)
Other, net
(74
)
 
(145
)
Total other items
(707
)
 
(13,955
)
 
 
 
 
Ending balance
$
224,748

 
$
218,312


Other Comprehensive Income - Other comprehensive income (loss) attributed to Noncontrolling Interest includes Unrealized Gain (Loss) on Marketable Securities and Investments, net, of ($8) and $3 for the three months ended March 31, 2017 and 2016, respectively, and Foreign Currency Translation Adjustment Gain (Loss), net, of $52 and ($384) for the three months ended March 31, 2017 and 2016, respectively.
Interests Purchased - On March 3, 2017, the Company purchased, at fair value, an additional 13% of PCA for $7,071, resulting in a decrease to Noncontrolling Interest of $261 and a decrease to Additional Paid-In Capital of $6,810, on the Company's Unaudited Condensed Consolidated Statement of Financial Condition for the three months ended March 31, 2017.
On January 29, 2016, the Company purchased, at fair value, all of the noncontrolling interest in ECB for $6,482 resulting in a decrease to Noncontrolling Interest of $5,225 and a decrease to Additional Paid-In Capital of $1,257, on the Company's Unaudited Condensed Consolidated Statement of Financial Condition for the three months ended March 31, 2016.