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Evercore Inc. Stockholders' Equity
9 Months Ended
Sep. 30, 2021
Equity [Abstract]  
Evercore Inc. Stockholders' Equity Evercore Inc. Stockholders' Equity
DividendsThe Company's Board of Directors declared on October 26, 2021, a quarterly cash dividend of $0.68 per share, to the holders of record of shares of Class A common stock ("Class A Shares") as of November 26, 2021, which will be paid on December 10, 2021. During the three and nine months ended September 30, 2021, the Company declared and paid dividends of $0.68 and $1.97 per share, respectively, totaling $26,656 and $79,584, respectively, and accrued deferred cash dividends on unvested restricted stock units ("RSUs"), totaling $3,622 and $10,718, respectively. The Company also paid deferred cash dividends of $126 and $12,338 during the three and nine months ended September 30, 2021, respectively. During the three and nine months ended September 30, 2020, the Company declared and paid dividends of $0.58 and $1.74 per share, respectively, totaling $23,586 and $70,348, respectively, and accrued deferred cash dividends on unvested RSUs, totaling $3,348 and $10,266, respectively. The Company also paid deferred cash dividends of $182 and $10,949 during the three and nine months ended September 30, 2020, respectively.
Treasury Stock During the three months ended September 30, 2021, the Company purchased 21 Class A Shares from employees at an average cost per share of $137.39, primarily for the net settlement of stock-based compensation awards, and 772 Class A Shares at an average cost per share of $132.52 pursuant to the Company's share repurchase program. The aggregate 793 Class A Shares were purchased at an average cost per share of $132.64, and the result of these purchases was an increase in Treasury Stock of $105,147 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of September 30, 2021.
During the nine months ended September 30, 2021, the Company purchased 955 Class A Shares from employees at an average cost per share of $117.46, primarily for the net settlement of stock-based compensation awards, and 3,146 Class A Shares at an average cost per share of $132.79 pursuant to the Company's share repurchase program. The aggregate 4,101 Class A Shares were purchased at an average cost per share of $129.22, and the result of these purchases was an increase in Treasury Stock of $529,953 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of September 30, 2021.
LP Units – During the three and nine months ended September 30, 2021, 0.3 and 141 Evercore LP partnership units ("LP Units"), respectively, were exchanged for Class A Shares, resulting in increases to Common Stock of $1 for the nine months ended September 30, 2021, and Additional Paid-In-Capital of $13 and $6,759 for the three and nine months ended September 30, 2021, respectively, on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of September 30, 2021.
Accumulated Other Comprehensive Income (Loss) – As of September 30, 2021, Accumulated Other Comprehensive Income (Loss) on the Company's Unaudited Condensed Consolidated Statement of Financial Condition includes an
accumulated Unrealized Gain (Loss) on Securities and Investments, net, and Foreign Currency Translation Adjustment Gain (Loss), net, of ($5,594) and ($8,131), respectively.