XML 38 R32.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Net Income (Loss) Per Share Attributable to Evercore Partners Inc. Common Shareholders (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2014
Earnings Per Share [Abstract] |
Schedule Of Basic And Diluted Net Income Per Share | The calculations of basic and diluted net income (loss) per share attributable to Evercore Partners Inc. common shareholders for the three and six months ended June 30, 2014 and 2013 are described and presented below.
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
Basic Net Income (Loss) Per Share Attributable to Evercore Partners Inc. Common Shareholders |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income from continuing operations attributable to Evercore Partners Inc. | $ | 24,265 |  |  | $ | 16,458 |  |  | $ | 34,833 |  |  | $ | 22,936 |
Associated accretion of redemption price of noncontrolling interest in Trilantic (See Note 12) | — |  |  | (21 | ) |  | — |  |  | (42 | )
Net income from continuing operations attributable to Evercore Partners Inc. common shareholders | 24,265 |  |  | 16,437 |  |  | 34,833 |  |  | 22,894 |
Net income (loss) from discontinued operations attributable to Evercore Partners Inc. common shareholders | — |  |  | (32 | ) |  | — |  |  | (541 | )
Net income attributable to Evercore Partners Inc. common shareholders | $ | 24,265 |  |  | $ | 16,405 |  |  | $ | 34,833 |  |  | $ | 22,353 |
Denominator: |  |  |  |  |  |  |
Weighted average shares of Class A common stock outstanding, including vested restricted stock units ("RSUs") | 35,744 |  |  | 31,811 |  |  | 35,208 |  |  | 31,836 |
Basic net income per share from continuing operations attributable to Evercore Partners Inc. common shareholders | $ | 0.68 |  |  | $ | 0.52 |  |  | $ | 0.99 |  |  | $ | 0.72 |
Basic net income (loss) per share from discontinued operations attributable to Evercore Partners Inc. common shareholders | — |  |  | — |  |  | — |  |  | (0.02 | )
Basic net income per share attributable to Evercore Partners Inc. common shareholders | $ | 0.68 |  |  | $ | 0.52 |  |  | $ | 0.99 |  |  | $ | 0.70 |
Diluted Net Income (Loss) Per Share Attributable to Evercore Partners Inc. Common Shareholders |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income from continuing operations attributable to Evercore Partners Inc. common shareholders | $ | 24,265 |  |  | $ | 16,437 |  |  | $ | 34,833 |  |  | $ | 22,894 |
Noncontrolling interest related to the assumed exchange of LP Units for Class A Shares | (a) |  |  | (a) |  |  | (a) |  |  | (a) |
Associated corporate taxes related to the assumed elimination of Noncontrolling Interest described above | (a) |  |  | (a) |  |  | (a) |  |  | (a) |
Diluted net income from continuing operations attributable to Evercore Partners Inc. common shareholders | 24,265 |  |  | 16,437 |  |  | 34,833 |  |  | 22,894 |
Net income (loss) from discontinued operations attributable to Evercore Partners Inc. common shareholders | — |  |  | (32 | ) |  | — |  |  | (541 | )
Diluted net income attributable to Evercore Partners Inc. common shareholders | $ | 24,265 |  |  | $ | 16,405 |  |  | $ | 34,833 |  |  | $ | 22,353 |
Denominator: |  |  |  |  |  |  |
Weighted average shares of Class A common stock outstanding, including vested RSUs | 35,744 |  |  | 31,811 |  |  | 35,208 |  |  | 31,836 |
Assumed exchange of LP Units for Class A Shares | (a) |  |  | (a) |  |  | (a) |  |  | (a) |
Additional shares of the Company's common stock assumed to be issued pursuant to non-vested RSUs and deferred consideration, as calculated using the Treasury Stock Method | 2,718 |  |  | 3,332 |  |  | 3,095 |  |  | 3,551 |
Shares that are contingently issuable | 130 |  |  | — |  |  | 166 |  |  | — |
Assumed conversion of Warrants issued | 3,268 |  |  | 2,358 |  |  | 3,312 |  |  | 2,351 |
Diluted weighted average shares of Class A common stock outstanding | 41,860 |  |  | 37,501 |  |  | 41,781 |  |  | 37,738 |
Diluted net income per share from continuing operations attributable to Evercore Partners Inc. common shareholders | $ | 0.58 |  |  | $ | 0.44 |  |  | $ | 0.83 |  |  | $ | 0.61 |
Diluted net income (loss) per share from discontinued operations attributable to Evercore Partners Inc. common shareholders | — |  |  | — |  |  | — |  |  | (0.02 | )
Diluted net income per share attributable to Evercore Partners Inc. common shareholders | $ | 0.58 |  |  | $ | 0.44 |  |  | $ | 0.83 |  |  | $ | 0.59 |
(a) | The Company has outstanding LP Units in its subsidiary, Evercore LP, which give the holders the right to receive Class A Shares upon exchange on a one for one basis. During the three and six months ended June 30, 2014 and 2013, the LP Units were antidilutive and consequently the effect of their exchange into Class A Shares has been excluded from the calculation of diluted net income (loss) per share attributable to Evercore Partners Inc. common shareholders. The units that would have been included in the denominator of the computation of diluted net income (loss) per share attributable to Evercore Partners Inc. common shareholders if the effect would have been dilutive were 4,719 and 4,901 for the three and six months ended June 30, 2014, respectively, and 6,680 and 6,734 for the three and six months ended June 30, 2013, respectively. The adjustment to the numerator, Diluted net income attributable to Class A common shareholders, if the effect would have been dilutive, would have been $3,197 and $4,786 for the three and six months ended June 30, 2014, respectively, and $3,598 and $4,845 for the three and six months ended June 30, 2013, respectively. In computing this adjustment, the Company assumes that all vested LP Units, and all unvested LP Units after applying the treasury stock method, are converted into Class A Shares, that all earnings attributable to those shares are attributed to Evercore Partners Inc. and, that it has adopted a conventional corporate tax structure and is taxed as a C Corporation in the U.S. at prevailing corporate tax rates. The Company does not anticipate that the LP Units will result in a dilutive computation in future periods.

X
- Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration