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Net Income Per Share Attributable to Evercore Inc. Common Shareholders (Tables) | 3 Months Ended
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Mar. 31, 2024
Earnings Per Share [Abstract] |
Schedule of Basic and Diluted Net Income Per Share | The calculations of basic and diluted net income per share attributable to Evercore Inc. common shareholders for the three months ended March 31, 2024 and 2023 are described and presented below.
| For the Three Months Ended March 31, |  |
| 2024 |  | 2023 |  |  |  |  |  |
Basic Net Income Per Share Attributable to Evercore Inc. Common Shareholders |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |
Net income attributable to Evercore Inc. common shareholders | $ | 85,693 |  |  | $ | 83,378 |  |  |  |  |  |  |
Denominator: |  |  |  |  |  |  |  |  |
Weighted average Class A Shares outstanding, including vested RSUs | 38,438 |  |  | 38,510 |  |  |  |  |  |  |
Basic net income per share attributable to Evercore Inc. common shareholders | $ | 2.23 |  |  | $ | 2.17 |  |  |  |  |  |  |
Diluted Net Income Per Share Attributable to Evercore Inc. Common Shareholders |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |
Net income attributable to Evercore Inc. common shareholders | $ | 85,693 |  |  | $ | 83,378 |  |  |  |  |  |  |
Noncontrolling interest related to the assumed exchange of LP Units for Class A Shares(1) | — |  |  | — |  |  |  |  |  |  |
Associated corporate taxes related to the assumed elimination of Noncontrolling Interest described above(1) | — |  |  | — |  |  |  |  |  |  |
Diluted net income attributable to Evercore Inc. common shareholders | $ | 85,693 |  |  | $ | 83,378 |  |  |  |  |  |  |
Denominator: |  |  |  |  |  |  |  |  |
Weighted average Class A Shares outstanding, including vested RSUs | 38,438 |  |  | 38,510 |  |  |  |  |  |  |
Assumed exchange of LP Units for Class A Shares(1) | — |  |  | — |  |  |  |  |  |  |
Additional shares of the Company's common stock assumed to be issued pursuant to non-vested RSUs, as calculated using the Treasury Stock Method(2) | 2,485 |  |  | 1,808 |  |  |  |  |  |  |
Shares that are contingently issuable(3) | 157 |  |  | 121 |  |  |  |  |  |  |
Diluted weighted average Class A Shares outstanding | 41,080 |  |  | 40,439 |  |  |  |  |  |  |
Diluted net income per share attributable to Evercore Inc. common shareholders | $ | 2.09 |  |  | $ | 2.06 |  |  |  |  |  |  |
(1)The Company has outstanding Class A, E, I and K LP Units, which give the holders the right to receive Class A Shares upon exchange on a one-for-one basis. During the three months ended March 31, 2024 and 2023, these LP Units were antidilutive and consequently the effect of their exchange into Class A Shares has been excluded from the calculation of diluted net income per share attributable to Evercore Inc. common shareholders. The units that would have been included in the denominator of the computation of diluted net income per share attributable to Evercore Inc. common shareholders if the effect would have been dilutive were 2,609 and 2,756 for the three months ended March 31, 2024 and 2023, respectively. The adjustment to the numerator, diluted net income attributable to Class A common shareholders, if the effect would have been dilutive, would have been $6,212 and $6,986 for the three months ended March 31, 2024 and 2023, respectively. In computing this adjustment, the Company assumes that all Class A, E, I and K LP Units are converted into Class A Shares, that all earnings attributable to those shares are attributed to Evercore Inc. and that the Company is subject to the statutory tax rates of a C-Corporation under a conventional corporate tax structure in the U.S. at prevailing corporate tax rates. The Company does not anticipate that the Class A, E, I and K LP Units will result in a dilutive computation in future periods. (2)During the three months ended March 31, 2024 and 2023, certain shares of the Company's common stock assumed to be issued pursuant to non-vested RSUs, as calculated using the Treasury Stock Method, were antidilutive and consequently the effect of their exchange into Class A Shares has been excluded from the calculation of diluted net income per share attributable to Evercore Inc. common shareholders. The shares that would have been included in the treasury stock method calculation if the effect would have been dilutive were 44 and 2,239 for the three months ended March 31, 2024 and 2023, respectively. (3)The Company has outstanding Class K-P units of Evercore LP ("Class K-P Units") which are contingently exchangeable into Class K LP Units, and ultimately Class A Shares, as they are subject to certain performance thresholds being achieved. See Note 14 for further information. For the purposes of calculating diluted net income per share attributable to Evercore Inc. common shareholders, the Company's Class K-P Units are included in diluted weighted average Class A Shares outstanding as of the beginning of the period in which all necessary performance conditions have been satisfied. If all necessary performance conditions have not been satisfied by the end of the period, the number of shares that are included in diluted weighted average Class A Shares outstanding is based on the number of shares that would be issuable if the end of the reporting period were the end of the performance period.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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