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Noncontrolling Interest (Tables)
6 Months Ended
Jun. 30, 2020
Noncontrolling Interest [Abstract]  
Schedule of Noncontrolling Interest
 
June 30,
 
2020
 
2019
Subsidiary:
 
 
 
Evercore LP
11
%
 
12
%
Evercore Wealth Management ("EWM")(1)
22
%
 
33
%
Real Estate Capital Advisory ("RECA")(2)
38
%
 
38
%

(1) Noncontrolling Interests represent a blended rate for multiple classes of interests.
(2) 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 six months ended June 30, 2020 and 2019 were as follows:
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
2020
 
2019
 
2020
 
2019
Beginning balance
$
221,294

 
$
238,211

 
$
256,534

 
$
249,819

 
 
 
 
 
 
 
 
Comprehensive Income:
 
 
 
 
 
 
 
Net Income Attributable to Noncontrolling Interest
10,816

 
15,515

 
18,521

 
26,483

Other Comprehensive Income (Loss)
142

 
(589
)
 
(1,767
)
 
(264
)
Total Comprehensive Income
10,958

 
14,926

 
16,754

 
26,219

 
 
 
 
 
 
 
 
Evercore LP Units Exchanged for Class A Shares
(583
)
 
(754
)
 
(33,754
)
 
(11,177
)
 
 
 
 
 
 
 
 
Amortization and Vesting of LP Units
2,384

 
6,610

 
5,695

 
12,116

 
 
 
 
 
 
 
 
Other Items:
 
 
 
 
 
 
 
Distributions to Noncontrolling Interests
(2,941
)
 
(13,712
)
 
(14,009
)
 
(31,696
)
Issuance of Noncontrolling Interest
510

 
2,701

 
540

 
2,701

Purchase of Noncontrolling Interest

 
(11,433
)
 
(138
)
 
(11,433
)
Total Other Items
(2,431
)
 
(22,444
)
 
(13,607
)
 
(40,428
)
 
 
 
 
 
 
 
 
Ending balance
$
231,622

 
$
236,549

 
$
231,622

 
$
236,549