XML 49 R36.htm IDEA: XBRL DOCUMENT v3.20.2
Noncontrolling Interest (Tables)
 9 Months Ended
Sep. 30, 2020
Noncontrolling Interest [Abstract]  
Schedule of Noncontrolling Interest
 
September 30,
 
2020
 
2019
Subsidiary:
 
 
 
Evercore LP
11
%
 
12
%
Evercore Wealth Management ("EWM")(1)
24
%
 
20
%
Real Estate Capital Advisory ("RECA")(2)
38
%
 
38
%

(1) Noncontrolling Interests represent a blended rate for multiple classes of interests in EWM.
(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 nine months ended September 30, 2020 and 2019 were as follows:
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2020
 
2019
 
2020
 
2019
Beginning balance
$
231,622

 
$
236,549

 
$
256,534

 
$
249,819

 
 
 
 
 
 
 
 
Comprehensive Income:
 
 
 
 
 
 
 
Net Income Attributable to Noncontrolling Interest
8,510

 
9,226

 
27,031

 
35,709

Other Comprehensive Income (Loss)
986

 
(502
)
 
(781
)
 
(766
)
Total Comprehensive Income
9,496

 
8,724

 
26,250

 
34,943

 
 
 
 
 
 
 
 
Evercore LP Units Exchanged for Class A Shares
(8
)
 
(1,010
)
 
(33,762
)
 
(12,187
)
 
 
 
 
 
 
 
 
Amortization and Vesting of LP Units
4,231

 
6,993

 
9,926

 
19,109

 
 
 
 
 
 
 
 
Other Items:
 
 
 
 
 
 
 
Distributions to Noncontrolling Interests
(9,253
)
 
(13,251
)
 
(23,262
)
 
(44,947
)
Issuance of Noncontrolling Interest
—

 
600

 
540

 
3,301

Purchase of Noncontrolling Interest
—

 
—

 
(138
)
 
(11,433
)
Total Other Items
(9,253
)
 
(12,651
)
 
(22,860
)
 
(53,079
)
 
 
 
 
 
 
 
 
Ending balance
$
236,088

 
$
238,605

 
$
236,088

 
$
238,605