Noncontrolling Interest

3 Months Ended

Mar. 31, 2020

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. In circumstances where the governing documents of the entity to which the noncontrolling interest relates require special allocations of profits or losses to the controlling and noncontrolling interest holders, the net income or loss of these entities is allocated based on these special allocations.



	March 31,
	2020		2019
Subsidiary:
Evercore LP	11	%	11	%
Evercore Wealth Management ("EWM")⁽¹⁾	21	%	40	%
Private Capital Advisory L.P. ("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.

The Noncontrolling Interests for Evercore LP, EWM and RECA have rights, in certain circumstances, to convert into Class A Shares.

Changes in Noncontrolling Interest for the three months ended March 31, 2020 and 2019 were as follows:



	For the Three Months Ended March 31,
	2020			2019
Beginning balance	$	256,534		$	249,819

Comprehensive Income:
Net Income Attributable to Noncontrolling Interest	7,705			10,968
Other Comprehensive Income (Loss)	(1,909		)	325
Total Comprehensive Income	5,796			11,293

Evercore LP Units Converted into Class A Shares	(33,171		)	(10,423		)

Amortization and Vesting of LP Units	3,311			5,506

Other Items:
Distributions to Noncontrolling Interests	(11,068		)	(17,984		)
Issuance of Noncontrolling Interest	30			—
Purchase of Noncontrolling Interest	(138		)	—
Total Other Items	(11,176		)	(17,984		)

Ending balance	$	221,294		$	238,211

Other Comprehensive Income – Other Comprehensive Income (Loss) attributed to Noncontrolling Interest includes Unrealized Gains (Losses) on Securities and Investments, net, of ($141) and ($89) for the three months ended March 31, 2020 and 2019, respectively, and Foreign Currency Translation Adjustment Gains (Losses), net, of ($1,768) and $414 for the three months ended March 31, 2020 and 2019, respectively.

Interests Purchased – During the first quarter of 2020, the Company purchased, at fair value, an additional 1% of the EWM Class A Units for $1,703 (which will be paid in cash of $852 and through the issuance of notes payable of $851, included within Other Current Liabilities on the Unaudited Condensed Consolidated Statement of Financial Condition as of March 31, 2020). This purchase resulted in a decrease to Noncontrolling Interest of $138 and a decrease to Additional Paid-In-Capital of $1,565, on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of March 31, 2020.