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Noncontrolling Interest (Tables)
3 Months Ended
Mar. 31, 2019
Noncontrolling Interest [Abstract]  
Schedule of Noncontrolling Interest
Noncontrolling Interest recorded in the unaudited condensed consolidated financial statements of the Company relates to the following approximate interests in certain consolidated subsidiaries, which are not owned by the Company:
 
March 31,
 
2019
 
2018
Subsidiary:
 
 
 
Evercore LP
11
%
 
11
%
Evercore Wealth Management ("EWM")(1)
40
%
 
41
%
Private Capital Advisory L.P. ("PCA")(1)
10
%
 
10
%

(1) Noncontrolling Interests represent a blended rate for multiple classes of interests.
Changes in Noncontrolling Interest
Changes in Noncontrolling Interest for the three months ended March 31, 2019 and 2018 were as follows:
 
For the Three Months Ended March 31,
 
2019
 
2018
Beginning balance
$
249,819

 
$
252,404

 
 
 
 
Comprehensive Income:
 
 
 
Net Income Attributable to Noncontrolling Interest
10,968

 
14,193

Other Comprehensive Income
325

 
521

Total Comprehensive Income
11,293

 
14,714

 
 
 
 
Evercore LP Units Converted into Class A Shares
(10,423
)
 
(34,336
)
 
 
 
 
Amortization and Vesting of LP Units
5,506

 
5,122

 
 
 
 
Other Items:
 
 
 
Distributions to Noncontrolling Interests
(17,984
)
 
(13,193
)
Issuance of Noncontrolling Interest

 
60

Purchase of Noncontrolling Interest

 
(298
)
Total Other Items
(17,984
)
 
(13,431
)
 
 
 
 
Ending balance
$
238,211

 
$
224,473