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Evercore Partners Inc. Stockholders' Equity
6 Months Ended
Jun. 30, 2014
Equity [Abstract]  
Evercore Partners Inc. Stockholders' Equity
Evercore Partners Inc. Stockholders’ Equity
Dividends – The Company’s Board of Directors declared on July 21, 2014, a quarterly cash dividend of $0.25 per share, to the holders of Class A Shares as of August 29, 2014, which will be paid on September 12, 2014. During the six months ended June 30, 2014, the Company declared and paid dividends of $0.50 per share, totaling $17,878.
Treasury Stock – During the six months ended June 30, 2014, the Company purchased 1,457 Class A Shares primarily from employees at values ranging from $52.42 to $61.82 per share, primarily for the net settlement of stock-based compensation awards, and 261 Class A Shares at market values ranging from $52.87 to $55.00 per share pursuant to the Company’s share repurchase program. The result of these purchases was an increase in Treasury Stock of $92,983 on the Company’s Unaudited Condensed Consolidated Statement of Financial Condition as of June 30, 2014. During the six months ended June 30, 2014, the Company issued 131 Class A Shares from treasury stock as an earnout payment to certain G5 ǀ Evercore employees and 119 Class A Shares to certain Evercore Wealth Management ("EWM") employees in exchange for their noncontrolling interest in EWM. The result of these issuances was a decrease in Treasury Stock of $8,101 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of June 30, 2014.
LP Units – During the six months ended June 30, 2014, 951 LP Units were exchanged for Class A Shares, resulting in an increase to Common Stock and Additional Paid-In-Capital of $9 and $10,468, respectively, on the Company’s Unaudited Condensed Consolidated Statement of Financial Condition as of June 30, 2014.
Accumulated Other Comprehensive Income (Loss) – As of June 30, 2014, Accumulated Other Comprehensive Income (Loss) on the Company’s Unaudited Condensed Consolidated Statement of Financial Condition includes an accumulated Unrealized Gain (Loss) on Marketable Securities, net, and a Foreign Currency Translation Adjustment Gain (Loss), net, of ($1,600) and ($6,220), respectively.
Income (Loss) from Discontinued Operations, and the Provision (Benefit) for Income Taxes from Discontinued Operations on the Unaudited Condensed Consolidated Statement of Operations for the six months ended June 30, 2013 includes ($1,683) and ($573), respectively, reclassified from Accumulated Other Comprehensive Income (Loss) related to the recognition of a cumulative foreign exchange translation loss as a result of the consolidation of Pan.