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Evercore Inc. Stockholders' Equity
3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Evercore Inc. Stockholders' Equity
Evercore Inc. Stockholders' Equity
Dividends – The Company's Board of Directors declared on April 23, 2019, a quarterly cash dividend of $0.58 per share, to the holders of record of shares of Class A common stock ("Class A Shares") as of May 31, 2019, which will be paid on June 14, 2019. During the three months ended March 31, 2019, the Company declared and paid dividends of $0.50 per share, totaling $20,497, and accrued deferred cash dividends on unvested restricted stock units ("RSUs"), totaling $3,336. The Company also paid deferred cash dividends of $6,974 during the three months ended March 31, 2019.
Treasury Stock During the three months ended March 31, 2019, the Company purchased 979 Class A Shares primarily from employees at market values ranging from $71.11 to $93.53 per share (at an average cost per share of $89.53), primarily for the net settlement of stock-based compensation awards, and 270 Class A Shares at market values ranging from $73.18 to $76.12 per share (at an average cost per share of $74.07) pursuant to the Company's share repurchase program. The aggregate 1,249 Class A Shares were purchased at an average cost per share of $86.19 and the result of these purchases was an increase in Treasury Stock of $107,693 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of March 31, 2019.
LP Units – During the three months ended March 31, 2019, 237 Evercore LP partnership units ("LP Units") were exchanged for Class A Shares, resulting in an increase to Common Stock and Additional Paid-In-Capital of $2 and $10,421, respectively, on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of March 31, 2019.
Accumulated Other Comprehensive Income (Loss) – As of March 31, 2019, 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 ($4,043) and ($24,464), respectively.
The application of ASU No. 2016-01, "Recognition and Measurement of Financial Assets and Financial Liabilities" 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.