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Noncontrolling Interest | 9 Months Ended
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Sep. 30, 2020
Noncontrolling Interest [Abstract] |
Noncontrolling Interest | Noncontrolling Interest Noncontrolling Interest recorded in the unaudited condensed consolidated financial statements of the Company relates to the following approximate interests in certain consolidated subsidiaries, which are not owned by the Company. In circumstances where the governing documents of the entity to which the noncontrolling interest relates require special allocations of profits or losses to the controlling and noncontrolling interest holders, the net income or loss of these entities is allocated based on these special allocations.
| 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. The Noncontrolling Interests for Evercore LP, EWM and RECA have rights, in certain circumstances, to convert into Class A Shares. 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 |
Other Comprehensive Income – Other Comprehensive Income (Loss) attributed to Noncontrolling Interest includes Unrealized Gains (Losses) on Securities and Investments, net, of ($3) and ($254) for the three and nine months ended September 30, 2020, respectively, and ($7) and ($105) for the three and nine months ended September 30, 2019, respectively, and Foreign Currency Translation Adjustment Gains (Losses), net, of $989 and ($527) for the three and nine months ended September 30, 2020, respectively, and ($495) and ($661) for the three and nine months ended September 30, 2019, respectively. LP Units Exchanged – During the three and nine months ended September 30, 2020, 0.2 and 807 LP Units, respectively, were exchanged for Class A Shares. This resulted in decreases to Noncontrolling Interest and increases to Additional-Paid-In-Capital of $8 and $33,762 for the three and nine months ended September 30, 2020, respectively, on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of September 30, 2020. See Note 13 for further information. Interests Purchased – During the first quarter of 2020, the Company purchased, at fair value, an additional 1% of the EWM Class A Units for $1,703 (which was paid in cash of $852 during the nine months ended September 30, 2020 and through the issuance of notes payable of $851, included within Other Current Liabilities on the Unaudited Condensed Consolidated Statement of Financial Condition as of September 30, 2020). This purchase resulted in a decrease to Noncontrolling Interest of $138 and a decrease to Additional Paid-In-Capital of $1,565, on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of September 30, 2020. On May 31, 2019, the Company purchased, at fair value, the remaining 10% of the Private Capital Advisory L.P. Common Interests for $28,382. This purchase resulted in a decrease to Noncontrolling Interest of $6,674 and a decrease to Additional Paid-In-Capital of $21,708, on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of September 30, 2019. On May 31, 2019, the Company also purchased, at fair value, an additional 17% of the EWM Class A Units for $24,533 (in cash of $21,832 and the issuance of 31 Class A LP Units having a fair value of $2,701). This purchase resulted in a net decrease to Noncontrolling Interest of $4,759 and a decrease to Additional Paid-In-Capital of $19,774, on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of September 30, 2019.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -URI http://asc.fasb.org/topic&trid=2197479 + Details
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