XML 86 R36.htm IDEA: XBRL DOCUMENT v3.19.3
Noncontrolling Interest (Tables)
 9 Months Ended
Sep. 30, 2019
Noncontrolling Interest [Abstract]  
Schedule of Noncontrolling Interest
 
September 30,
 
2019
 
2018
Subsidiary:
 
 
 
Evercore LP
12
%
 
11
%
Evercore Wealth Management ("EWM")(1)
20
%
 
44
%
Private Capital Advisory ("PCA")(2)
—
%
 
10
%
Real Estate Capital Advisory ("RECA")(3)
38
%
 
38
%

(1) Noncontrolling Interests represent a blended rate for multiple classes of interests.
(2) Noncontrolling Interests represent the Common Interests of Private Capital Advisory L.P.
(3) Noncontrolling Interests represent the Class R Interests of Private Capital Advisory L.P.
Changes in Noncontrolling Interest
Changes in Noncontrolling Interest for the three and nine months ended September 30, 2019 and 2018 were as follows:
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Beginning balance
$
236,549

 
$
227,274

 
$
249,819

 
$
252,404

 
 
 
 
 
 
 
 
Comprehensive Income:
 
 
 
 
 
 
 
Net Income Attributable to Noncontrolling Interest
9,226

 
9,838

 
35,709

 
36,760

Other Comprehensive Income (Loss)
(502
)
 
427

 
(766
)
 
8

Total Comprehensive Income
8,724

 
10,265

 
34,943

 
36,768

 
 
 
 
 
 
 
 
Evercore LP Units Converted into Class A Shares
(1,010
)
 
(1,001
)
 
(12,187
)
 
(42,566
)
 
 
 
 
 
 
 
 
Amortization and Vesting of LP Units
6,993

 
4,928

 
19,109

 
14,925

 
 
 
 
 
 
 
 
Other Items:
 
 
 
 
 
 
 
Distributions to Noncontrolling Interests
(13,251
)
 
(9,790
)
 
(44,947
)
 
(30,374
)
Issuance of Noncontrolling Interest
600

 
335

 
3,301

 
1,165

Purchase of Noncontrolling Interest
—

 
(700
)
 
(11,433
)
 
(1,011
)
Total Other Items
(12,651
)
 
(10,155
)
 
(53,079
)
 
(30,220
)
 
 
 
 
 
 
 
 
Ending balance
$
238,605

 
$
231,311

 
$
238,605

 
$
231,311