Noncontrolling Interest

3 Months Ended

Mar. 31, 2018

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:



	March 31,
	2018		2017
Subsidiary:
Evercore LP	11	%	13	%
Evercore Wealth Management ("EWM")	38	%	38	%
Private Capital Advisory L.P. ("PCA")	10	%	26	%

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, 2018 and 2017 were as follows:



	For the Three Months Ended March 31,
	2018			2017
Beginning balance	$	252,404		$	256,033

Comprehensive Income:
Net Income Attributable to Noncontrolling Interest	14,193			13,876
Other Comprehensive Income	521			44
Total Comprehensive Income	14,714			13,920

Evercore LP Units Converted into Class A Shares	(34,336		)	(23,126		)

Amortization and Vesting of LP Units/Interests	5,122			(21,372		)

Other Items:
Distributions to Noncontrolling Interests	(13,193		)	(8,601		)
Issuance of Noncontrolling Interest	60			8,229
Purchase of Noncontrolling Interest	(298		)	(261		)
Other, net	—			(74		)
Total Other Items	(13,431		)	(707		)

Ending balance	$	224,473		$	224,748

Other Comprehensive Income - Other Comprehensive Income attributed to Noncontrolling Interest includes Unrealized Gain (Loss) on Marketable Securities and Investments, net, of ($81) and ($8) for the three months ended March 31, 2018 and 2017, respectively, and Foreign Currency Translation Adjustment Gain, net, of $602 and $52 for the three months ended March 31, 2018 and 2017, respectively.

Interests Issued - During the three months ended March 31, 2017, the Company issued 111 Class A LP Units as settlement of contingent consideration, resulting in an increase to Noncontrolling Interest of $8,169 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of March 31, 2017.

Interests Purchased - On March 29, 2018, the Company purchased, at fair value, an additional 15% of PCA for $25,525 (in cash and a note payable of $9,164, included in Other Current Liabilities on the Unaudited Condensed Consolidated Statement of Financial Condition as of March 31, 2018) and on March 3, 2017, the Company purchased, at fair value, an additional 13% of PCA for $7,071. These purchases resulted in a decrease to Noncontrolling Interest of $298 and $261 and a decrease to Additional Paid-In-Capital of $25,227 and $6,810, on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of March 31, 2018 and 2017, respectively.