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Evercore Inc. Stockholders' Equity
6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Evercore Inc. Stockholders' Equity
Evercore Inc. Stockholders' Equity
Dividends – The Company's Board of Directors declared on July 23, 2018, a quarterly cash dividend of $0.50 per share, to the holders of record of shares of Class A common stock ("Class A Shares") as of August 31, 2018, which will be paid on September 14, 2018. During the six months ended June 30, 2018, the Company declared and paid dividends of $0.90 per share, totaling $37,022, and accrued deferred cash dividends on unvested RSUs, totaling $5,869.
Treasury Stock – During the six months ended June 30, 2018, the Company purchased 1,036 Class A Shares primarily from employees at values ranging from $89.98 to $107.68 per share (at an average cost per share of $99.66), primarily for the net settlement of stock-based compensation awards, and 625 Class A Shares at market values ranging from $85.91 to $95.98 per share (at an average cost per share of $91.61) pursuant to the Company's share repurchase program. The aggregate 1,661 Class A Shares were purchased at an average cost per share of $96.63 and the result of these purchases was an increase in Treasury Stock of $160,521 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of June 30, 2018.
LP Units – During the six months ended June 30, 2018, 1,055 LP Units were exchanged for Class A Shares, resulting in an increase to Common Stock and Additional Paid-In-Capital of $11 and $41,554, respectively, on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of June 30, 2018.
Accumulated Other Comprehensive Income (Loss) – As of June 30, 2018, Accumulated Other Comprehensive Income (Loss) on the Company's Unaudited Condensed Consolidated Statement of Financial Condition includes an accumulated Unrealized Gain (Loss) on Marketable Securities and Investments, net and Foreign Currency Translation Adjustment Gain (Loss), net, of ($3,651) and ($27,835), respectively.
The application of ASU 2016-01 resulted in the reclassification of ($2,229) of cumulative unrealized losses, net of tax, on Marketable Securities in Accumulated Other Comprehensive Income (Loss) to Retained Earnings on the Unaudited Condensed Consolidated Statement of Financial Condition as of January 1, 2018. See Note 3 for further information.