Evercore Inc. Stockholders' Equity

6 Months Ended

Jun. 30, 2020

Equity [Abstract]

Evercore Inc. Stockholders' Equity

Evercore Inc. Stockholders' Equity

Dividends – The Company's Board of Directors declared on July 21, 2020, 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 August 28, 2020, which will be paid on September 11, 2020. During the three and six months ended June 30, 2020, the Company declared and paid dividends of $0.58 and $1.16 per share, respectively, totaling $23,176 and $46,762, respectively, and accrued deferred cash dividends on unvested restricted stock units ("RSUs"), totaling $3,387 and $6,918, respectively. The Company also paid deferred cash dividends of $197 and $10,767 during the three and six months ended June 30, 2020, respectively. During the three and six months ended June 30, 2019, the Company declared and paid dividends of $0.58 and $1.08 per share, respectively, totaling $23,232 and $43,729, respectively, and accrued deferred cash dividends on unvested RSUs, totaling $3,789 and $7,125, respectively. The Company also paid deferred cash dividends of $99 and $7,068 during the three and six months ended June 30, 2019, respectively.

Treasury Stock – During the three months ended June 30, 2020, the Company purchased 25 Class A Shares primarily from employees at market values ranging from $38.23 to $77.21 per share (at an average cost per share of $52.66), primarily for the net settlement of stock-based compensation awards, and 4 Class A Shares at an average cost per share of $58.28 pursuant to the Company's share repurchase program. The aggregate 29 Class A Shares were purchased at an average cost per share of $53.43, and the result of these purchases was an increase in Treasury Stock of $1,546 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of June 30, 2020.

During the six months ended June 30, 2020, the Company purchased 1,017 Class A Shares primarily from employees at market values ranging from $38.23 to $81.31 per share (at an average cost per share of $76.45), primarily for the net settlement of stock-based compensation awards, and 854 Class A Shares at market values ranging from $58.28 to $81.96 per share (at an average cost per share of $75.93) pursuant to the Company's share repurchase program. The aggregate 1,871 Class A Shares were purchased at an average cost per share of $76.22, and the result of these purchases was an increase in Treasury Stock of $142,560 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of June 30, 2020.

LP Units – During the three and six months ended June 30, 2020, 15 and 806 Evercore LP partnership units ("LP Units"), respectively, were exchanged for Class A Shares. This resulted in increases to Common Stock of $8 for the six months ended June 30, 2020 and Additional Paid-In-Capital of $583 and $33,754 for the three and six months ended June 30, 2020, respectively, on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of June 30, 2020.

Accumulated Other Comprehensive Income (Loss) – As of June 30, 2020, Accumulated Other Comprehensive Income (Loss) on the Company's Unaudited Condensed Consolidated Statement of Financial Condition includes an accumulated Unrealized Gain (Loss) on Securities and Investments, net, and Foreign Currency Translation Adjustment Gain (Loss), net, of ($5,453) and ($31,714), respectively.