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Noncontrolling Interest
 9 Months Ended
Sep. 30, 2017
Noncontrolling Interest [Abstract]  
Noncontrolling Interest
Noncontrolling Interest
Noncontrolling Interest recorded in the unaudited condensed consolidated financial statements of the Company relates to the following interests in certain consolidated subsidiaries, which are not owned by the Company:
 
September 30, 2017
 
September 30, 2016
Subsidiary:
 
 
 
Evercore LP
13
%
 
14
%
Evercore Wealth Management L.L.C. ("EWM")
38
%
 
38
%
Private Capital Advisory L.P. ("PCA")
26
%
 
39
%

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 nine months ended September 30, 2017 and 2016 were as follows:
 
For the Nine Months Ended September 30,
 
2017
 
2016
Beginning balance
$
256,033

 
$
202,664

 
 
 
 
Comprehensive income (loss):
 
 
 
Net Income Attributable to Noncontrolling Interest
35,740

 
24,454

Other comprehensive income (loss)
1,264

 
(2,697
)
Total comprehensive income
37,004

 
21,757

 
 
 
 
Evercore LP Units Purchased or Converted into Class A Shares
(29,393
)
 
(9,164
)
 
 
 
 
Amortization and Vesting of LP Units/Interests
7,294

 
66,357

 
 
 
 
Other Items:
 
 
 
Distributions to Noncontrolling Interests
(26,315
)
 
(25,519
)
Issuance of Noncontrolling Interest
8,279

 
885

Purchase of Noncontrolling Interest
(261
)
 
(5,225
)
Deconsolidation of GCP III
—

 
(5,808
)
Other, net
(221
)
 
(415
)
Total other items
(18,518
)
 
(36,082
)
 
 
 
 
Ending balance
$
252,420

 
$
245,532


Other Comprehensive Income - Other comprehensive income (loss) attributed to Noncontrolling Interest includes Unrealized Gain (Loss) on Marketable Securities and Investments, net, of $5 and $79 for the three and nine months ended September 30, 2017, respectively, and ($277) and ($644) for the three and nine months ended September 30, 2016, respectively, and Foreign Currency Translation Adjustment Gain (Loss), net, of $955 and $1,185 for the three and nine months ended September 30, 2017, respectively, and ($572) and ($2,053) for the three and nine months ended September 30, 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 as of September 30, 2017.
During the nine months ended September 30, 2017, the Company purchased 32 LP Units and certain other rights from noncontrolling interest holders, resulting in a decrease to Noncontrolling Interest of $2,523 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of September 30, 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 as of September 30, 2016.
GCP III - On July 19, 2016, the Company and the principals of its Mexican Private Equity business entered into an agreement to transfer ownership of its Mexican Private Equity business and related entities to Glisco. Upon the closing of this transaction, which occurred on September 30, 2016, the Company deconsolidated the noncontrolling interest in GCP III of $5,808. See Note 8 for further information.