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Noncontrolling Interest | 12 Months Ended
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Dec. 31, 2015
Noncontrolling Interest [Abstract] |
Noncontrolling Interest | Noncontrolling Interest Noncontrolling Interest recorded in the consolidated financial statements of the Company relates to a 14% interest in Evercore LP, a 28% interest in ECB, a 38% interest in EWM, a 34% equity interest in Atalanta Sosnoff (deconsolidated on December 31, 2015), a 39% interest in Evercore Private Capital Advisory L.P. ("PCA"), a 38% interest in Institutional Equities through October 31, 2014, a 14% interest in Evercore Trust Company, N.A. ("ETC") through the second quarter of 2013, a 32% interest in Pan through December 3, 2013 and other private equity partnerships. The Atalanta Sosnoff interest excludes the Series C Profits Interest, which has been reflected in Employee Compensation and Benefits Expense on the Consolidated Statements of Operations. The Noncontrolling Interests for Evercore LP, EWM, Atalanta Sosnoff and PCA have rights, in certain circumstances, to convert into Class A Shares. Changes in Noncontrolling Interest for the years ended December 31, 2015, 2014 and 2013 were as follows:
| For the Years Ended December 31,
| 2015 |  | 2014 |  | 2013
Beginning balance | $ | 160,952 |  |  | $ | 60,577 |  |  | $ | 62,243 |
Comprehensive income (loss): |  |  |  |  |
Net Income Attributable to Noncontrolling Interest | 14,827 |  |  | 20,497 |  |  | 18,760 |
Other comprehensive income (loss) | (3,886 | ) |  | (2,608 | ) |  | (228 | )
Total comprehensive income | 10,941 |  |  | 17,889 |  |  | 18,532 |
Evercore LP Units Purchased or Converted into Class A Shares | (12,012 | ) |  | (11,686 | ) |  | (21,414 | )
Amortization and Vesting of LP Units/Interests | 82,734 |  |  | 3,593 |  |  | 20,365 |
Issuance of Noncontrolling Interest for Acquisitions and Investments | — |  |  | 72,344 |  |  | — |
Other Items: |  |  |  |  |
Distributions to Noncontrolling Interests | (23,723 | ) |  | (10,655 | ) |  | (18,950 | )
Fair value of Noncontrolling Interest in Pan | — |  |  | — |  |  | 309 |
Deconsolidation of Atalanta Sosnoff | (16,090 | ) |  | — |  |  | — |
Net Reclassification to/from Redeemable Noncontrolling Interest | — |  |  | 27,477 |  |  | — |
Issuance of Noncontrolling Interest | 594 |  |  | 2,449 |  |  | 4,021 |
Purchase of Noncontrolling Interest | — |  |  | — |  |  | (4,529 | )
Other, net | (732 | ) |  | (1,036 | ) |  | — |
Total other items | (39,951 | ) |  | 18,235 |  |  | (19,149 | )
Ending balance | $ | 202,664 |  |  | $ | 160,952 |  |  | $ | 60,577 |
Discontinued Operations - Net Income (Loss) Attributable to Noncontrolling Interest related to Pan from Discontinued Operations was ($1,185) for the year ended December 31, 2013. Other Comprehensive Income - Other comprehensive income (loss) attributed to Noncontrolling Interest includes Unrealized Gain (Loss) on Marketable Securities and Investments, net, of ($1,083), ($981) and ($180) for the years ended December 31, 2015, 2014 and 2013, respectively, and Foreign Currency Translation Adjustment Gain (Loss), net, of ($2,803), ($1,627) and ($48) for the years ended December 31, 2015, 2014 and 2013, respectively. Atalanta Sosnoff - In conjunction with the Company’s purchase agreement with Atalanta Sosnoff, the Company issued a management member of Atalanta Sosnoff certain capital interests in Atalanta Sosnoff, which were redeemable for cash, at their fair value. Accordingly, these capital interests were reflected at their fair value of $4,014 within Redeemable Noncontrolling Interest on the Consolidated Statement of Financial Condition at December 31, 2014. Changes in the fair value of these redeemable noncontrolling interests resulted in an increase to Additional Paid-in Capital of $269 for the year ended December 31, 2014. On December 31, 2015, the Company deconsolidated the assets and liabilities of Atalanta Sosnoff, as well as related redeemable noncontrolling interests. See Note 4 for further information. Interests Purchased - During 2015, the Company purchased 26 LP Units and certain other rights from a noncontrolling interest holder, resulting in a decrease to Noncontrolling Interest of $353 and a decrease to Additional Paid-In Capital of $770, on the Company's Consolidated Statement of Financial Condition as of December 31, 2015. In May 2014, the Company purchased 3 units, or 22%, of the aggregate amount of the outstanding EWM Class A units held by members of EWM for 119 Class A Shares and 11 LP Units of the Company, at a fair value of $7,100. This transaction resulted in an increase in the Company's ownership in EWM to 62%. In conjunction with this purchase, the Company amended the Amended and Restated Limited Liability Company Agreement of EWM. Per the amended agreement, the holders of certain EWM interests no longer have the option to redeem these capital interests for cash upon the event of the death or disability of the holder. Accordingly, the value of these interests had been reclassified from Redeemable Noncontrolling Interest to Noncontrolling Interest on the Unaudited Condensed Consolidated Statement of Financial Condition as of June 30, 2014. The above transactions had the effect of reducing Redeemable Noncontrolling Interest and Treasury Stock by $34,577 and $3,856, respectively, and increasing Noncontrolling Interest and Additional Paid-in Capital by $27,477 and $3,244, respectively, at June 30, 2014. These interests were reflected at their fair value of $34,577 within Redeemable Noncontrolling Interest on the Unaudited Condensed Consolidated Statement of Financial Condition at March 31, 2014. Changes in the fair value of these redeemable noncontrolling interests resulted in a decrease to Additional Paid-in Capital of $4,116 for the year ended December 31, 2014. During 2013, the Company purchased, at fair value, all of the noncontrolling interest in ETC for $7,890. This purchase was settled on July 19, 2013. The purchase of this noncontrolling interest resulted in a decrease to Additional Paid-in Capital of $3,362 for the year ended December 31, 2013. On January 29, 2016, the Company purchased, at fair value, all of the noncontrolling interest in ECB for $6,528. ISI Transaction - As discussed in Note 4, the value of the Class E LP Units exchanged as consideration for the Company's acquisition of the operating businesses of ISI, as well as the value of Class E LP Units exchanged for the interest in its Institutional Equities business it did not own, resulted in an increase to Noncontrolling Interest of $68,835 as of December 31, 2014. Further, the purchase of the remaining noncontrolling interest in the Institutional Equities business, including the portion exchanged for cash, resulted in a reduction of Additional Paid-in Capital of $17,307 for the year ended December 31, 2014. Further, as discussed in Note 4, the Company's acquisition of a small advisory boutique firm resulted in an increase in Noncontrolling Interest of $3,509 as of December 31, 2014. Other - In addition, Noncontrolling Interest was reduced and Additional Paid-in Capital was increased by the net effect of $1,124 as of December 31, 2014, reflecting other adjustments resulting from changes in ownership in the Company's subsidiaries. During 2013, the Company had an issuance of noncontrolling interest related to EMP III. See Note 9 for further information. Trilantic - In February 2010, Evercore LP issued 500 Class A LP Units to Trilantic. The original terms were such that at December 31, 2014, at the option of the holder, these Class A LP Units were exchangeable on a one-for-one basis for Class A Shares or may be redeemed for cash of $16,500. Accordingly, this value was being accreted to the minimum redemption value of $16,500 over the five-year period ending December 31, 2014. Accretion was $68 for the year ended December 31, 2013. In October of 2013, the Board of Directors of the Company agreed to release the transfer restrictions associated with these Class A LP Units and the holders of these units exchanged them into Class A Shares. See Note 14 for a further discussion of exchanges of LP Units for Class A Shares of the Company.

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- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=18733093&loc=SL4573702-111684 + Details
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