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Noncontrolling Interest | 3 Months Ended
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Mar. 31, 2021
Noncontrolling Interest [Abstract] |
Noncontrolling Interest | Noncontrolling InterestNoncontrolling 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.
| March 31,
| 2021 |  | 2020 |  |
Subsidiary: |  |  |  |  |
Evercore LP | 11 | % |  | 11 | % |  |
Evercore Wealth Management ("EWM")(1) | 23 | % |  | 21 | % |  |
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 months ended March 31, 2021 and 2020 were as follows:
| For the Three Months Ended March 31, |  |
| 2021 |  | 2020 |  |  |  |  |  |
Beginning balance | $ | 258,428 |  |  | $ | 256,534 |  |  |  |  |  |  |
Comprehensive Income: |  |  |  |  |  |  |  |  |
Net Income Attributable to Noncontrolling Interest | 21,199 |  |  | 7,705 |  |  |  |  |  |  |
Other Comprehensive Income (Loss) | 234 |  |  | (1,909) |  |  |  |  |  |  |
Total Comprehensive Income | 21,433 |  |  | 5,796 |  |  |  |  |  |  |
Evercore LP Units Exchanged for Class A Shares | (5,714) |  |  | (33,171) |  |  |  |  |  |  |
Amortization and Vesting of LP Units | 3,096 |  |  | 3,311 |  |  |  |  |  |  |
Other Items: |  |  |  |  |  |  |  |  |
Distributions to Noncontrolling Interests | (12,894) |  |  | (11,068) |  |  |  |  |  |  |
Issuance of Noncontrolling Interest | 1,107 |  |  | 30 |  |  |  |  |  |  |
Purchase of Noncontrolling Interest | (367) |  |  | (138) |  |  |  |  |  |  |
Total Other Items | (12,154) |  |  | (11,176) |  |  |  |  |  |  |
Ending balance | $ | 265,089 |  |  | $ | 221,294 |  |  |  |  |  |  |
Other Comprehensive Income – Other Comprehensive Income (Loss) attributed to Noncontrolling Interest includes Unrealized Gain (Loss) on Securities and Investments, net, of $6 and ($141) for the three months ended March 31, 2021 and 2020, respectively, and Foreign Currency Translation Adjustment Gain (Loss), net, of $228 and ($1,768) for the three months ended March 31, 2021 and 2020, respectively. LP Units Exchanged – During the three months ended March 31, 2021, 120 LP Units were exchanged for Class A Shares. This resulted in a decrease to Noncontrolling Interest of $5,714 and an increase to Additional-Paid-In-Capital of $5,713 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of March 31, 2021. See Note 12 for further information. Interests Issued – During the first quarter of 2021, certain employees of EWM purchased EWM Class A Units, at fair value, resulting in an increase to Noncontrolling Interest of $975 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of March 31, 2021. Interests Purchased – During the first quarter of 2021, the Company purchased, at fair value, an additional 1% of the EWM Class A Units for $3,170 (which was paid in cash in April 2021 and is included within Other Current Liabilities on the Unaudited Condensed Consolidated Statement of Financial Condition as of March 31, 2021). This purchase resulted in a decrease to Noncontrolling Interest of $344 and a decrease to Additional Paid-In-Capital of $2,826 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of March 31, 2021. 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 three months ended June 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 March 31, 2021). 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 March 31, 2020.

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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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