$EVR
Evercore Inc. Stock $evr

$evr Overview Financials Valuation SEC Filings Company Website

2017 Q3 Form 10-Q Financial Statement

#000136090117000031 Filed on November 02, 2017

Income Statement

Concept	2017 Q3	2016 Q3
Revenue	$412.0M	$391.1M
YoY Change	5.35%	24.77%
Cost Of Revenue	$5.400M	$4.800M
YoY Change	12.5%	6.67%
Gross Profit	$406.6M	$386.3M
YoY Change	5.25%	25.02%
Gross Profit Margin	98.69%	98.77%
Selling, General & Admin	$302.2M	$282.4M
YoY Change	7.01%	15.55%
% of Gross Profit	74.32%	73.1%
Research & Development	$10.61M	$10.16M
YoY Change	4.51%	9.25%
% of Gross Profit	2.61%	2.63%
Depreciation & Amortization	$6.500M	$5.900M
YoY Change	10.17%	-34.44%
% of Gross Profit	1.6%	1.53%
Operating Expenses	$319.5M	$301.2M
YoY Change	6.08%	1.41%
Operating Profit	$87.07M	$85.07M
YoY Change	2.35%	612.07%
Interest Expense	$5.413M	$4.787M
YoY Change	13.08%	5.93%
% of Operating Profit	6.22%	5.63%
Other Income/Expense, Net
YoY Change
Pretax Income	$88.90M	$86.26M
YoY Change	3.05%	572.51%
Income Tax	$28.82M	$38.98M
% Of Pretax Income	32.41%	45.19%
Net Earnings	$45.91M	$34.70M
YoY Change	32.33%	382.08%
Net Earnings / Revenue	11.14%	8.87%
Basic Earnings Per Share	$1.18	$0.89
Diluted Earnings Per Share	$1.04	$0.79
COMMON SHARES
Basic Shares Outstanding	39.05M shares	38.91M shares
Diluted Shares Outstanding	44.04M shares	43.73M shares

Balance Sheet

Concept	2017 Q3	2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$555.6M	$512.5M
YoY Change	8.41%	59.88%
Cash & Equivalents	$439.9M	$446.0M
Short-Term Investments	$115.8M	$66.48M
Other Short-Term Assets	$20.17M	$18.91M
YoY Change	6.68%	-34.96%
Inventory
Prepaid Expenses
Receivables	$206.9M	$146.3M
Other Receivables	$16.90M	$19.40M
Total Short-Term Assets	$863.4M	$727.8M
YoY Change	18.64%	21.98%
LONG-TERM ASSETS
Property, Plant & Equipment	$67.60M	$46.04M
YoY Change	46.84%	-3.72%
Goodwill	$133.9M	$163.8M
YoY Change	-18.26%	-15.07%
Intangibles	$21.95M	$31.90M
YoY Change	-31.21%	-45.82%
Long-Term Investments	$99.20M	$86.53M
YoY Change	14.64%	25.9%
Other Assets	$374.9M	$369.9M
YoY Change	1.35%	14.59%
Total Long-Term Assets	$697.6M	$733.8M
YoY Change	-4.94%	0.01%
TOTAL ASSETS
Total Short-Term Assets	$863.4M	$727.8M
Total Long-Term Assets	$697.6M	$733.8M
Total Assets	$1.561B	$1.462B
YoY Change	6.8%	9.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$33.00M	$33.00M
YoY Change	0.0%	-12.7%
Accrued Expenses	$307.1M	$217.8M
YoY Change	41.0%	51.57%
Deferred Revenue
YoY Change
Short-Term Debt	$33.90M	$30.80M
YoY Change	10.06%	-40.77%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$422.8M	$347.4M
YoY Change	21.69%	24.67%
LONG-TERM LIABILITIES
Long-Term Debt	$175.1M	$184.6M
YoY Change	-5.15%	42.66%
Other Long-Term Liabilities	$55.91M	$43.62M
YoY Change	28.17%	22.85%
Total Long-Term Liabilities	$55.91M	$43.62M
YoY Change	28.17%	22.85%
TOTAL LIABILITIES
Total Short-Term Liabilities	$422.8M	$347.4M
Total Long-Term Liabilities	$55.91M	$43.62M
Total Liabilities	$833.1M	$761.7M
YoY Change	9.37%	18.82%
SHAREHOLDERS EQUITY
Retained Earnings	$117.4M	-$7.165M
YoY Change	-1738.98%	-79.14%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)	$1.103B	$806.2M
YoY Change	36.86%	57.22%
Treasury Stock Shares	22.99M shares	19.01M shares
Shareholders Equity	$475.6M	$454.4M
YoY Change
Total Liabilities & Shareholders Equity	$1.561B	$1.462B
YoY Change	6.8%	9.86%

Cashflow Statement

Concept	2017 Q3	2016 Q3
OPERATING ACTIVITIES
Net Income	$45.91M	$34.70M
YoY Change	32.33%	382.08%
Depreciation, Depletion And Amortization	$6.500M	$5.900M
YoY Change	10.17%	-34.44%
Cash From Operating Activities	$170.5M	$241.2M
YoY Change	-29.31%	149.95%
INVESTING ACTIVITIES
Capital Expenditures	-$8.300M	-$3.800M
YoY Change	118.42%	-26.92%
Acquisitions
YoY Change
Other Investing Activities	-$55.90M	-$5.200M
YoY Change	975.0%	-60.9%
Cash From Investing Activities	-$64.20M	-$9.000M
YoY Change	613.33%	-51.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-82.20M	-28.00M
YoY Change	193.57%	-36.36%
NET CHANGE
Cash From Operating Activities	170.5M	241.2M
Cash From Investing Activities	-64.20M	-9.000M
Cash From Financing Activities	-82.20M	-28.00M
Net Change In Cash	24.10M	204.2M
YoY Change	-88.2%	500.59%
FREE CASH FLOW
Cash From Operating Activities	$170.5M	$241.2M
Capital Expenditures	-$8.300M	-$3.800M
Free Cash Flow	$178.8M	$245.0M
YoY Change	-27.02%	140.9%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	evr	Increase Decrease In Deferred Tax Assets Associated With Changes In Foreign Currency Translation Adjustment Gain Loss In Accumulated Other Comprehensive Income Loss IncreaseDecreaseInDeferredTaxAssetsAssociatedWithChangesInForeignCurrencyTranslationAdjustmentGainLossInAccumulatedOtherComprehensiveIncomeLoss	6306000	USD
	evr	Net Realized And Unrealized Gains Losses On Private Equity Fund Investments Including Performance Fees NetRealizedAndUnrealizedGainsLossesOnPrivateEquityFundInvestmentsIncludingPerformanceFees	6302000	USD
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
	dei	Document Period End Date DocumentPeriodEndDate	2017-09-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001360901
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	EVERCORE INC.
	dei	Trading Symbol TradingSymbol	EVR
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	evr	Cash Paid For Contingent Consideration CashPaidForContingentConsideration	5050000	USD
	evr	Cash Paid For Contingent Consideration CashPaidForContingentConsideration	0	USD
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	evr	Cash Payments Related To Separation Benefits CashPaymentsRelatedToSeparationBenefits	2379000	USD
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	evr	Cash Payments Related To Separation Benefits CashPaymentsRelatedToSeparationBenefits	2399000	USD
	evr	Confidence Level Value At Risk ConfidenceLevelValueAtRisk	0.98
	evr	Dividend Equivalents Issued DividendEquivalentsIssued	5781000	USD
	evr	Dividend Equivalents Issued DividendEquivalentsIssued	7054000	USD
	evr	Effective Income Tax Rate Reconciliation Sharebased Compensation Excess Tax Benefit Amount EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount	23663000	USD
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	evr	Other Income Loss Net Of Interest Expense OtherIncomeLossNetOfInterestExpense	-2449000	USD
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CY2016Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	305424000	USD
CY2017Q3	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	309883000	USD
	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	19033000	USD
	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	18453000	USD
CY2016Q3	us-gaap	Depreciation And Amortization DepreciationAndAmortization	5907000	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	18915000	USD
CY2017Q3	us-gaap	Depreciation And Amortization DepreciationAndAmortization	6421000	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	18267000	USD
CY2017Q3	us-gaap	Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet	1500000	USD
CY2017Q3	us-gaap	Disposal Group Including Discontinued Operation Goodwill Current DisposalGroupIncludingDiscontinuedOperationGoodwillCurrent	28442000	USD
	us-gaap	Dividends Dividends	37693000	USD
	us-gaap	Dividends Dividends	47776000	USD
	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	47776000	USD
CY2016Q4	us-gaap	Due From Related Parties DueFromRelatedParties	15034000	USD
CY2017Q3	us-gaap	Due From Related Parties DueFromRelatedParties	16934000	USD
CY2016Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.89
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.63
CY2017Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.18
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	3.63
CY2016Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.79
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.45
CY2017Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.04
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	3.23
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-17851000	USD
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	5541000	USD
CY2016Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.45
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.47
CY2017Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.32
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.28
	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	107000	USD
	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	1140000	USD
CY2016Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	24690000	USD
CY2017Q3	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	32115000	USD
	us-gaap	Gain Loss On Investments GainLossOnInvestments	-3565000	USD
	us-gaap	Gain Loss On Investments GainLossOnInvestments	-239000	USD
CY2016Q4	us-gaap	Goodwill Goodwill	160961000	USD
CY2017Q3	us-gaap	Goodwill Goodwill	133911000	USD
CY2016Q3	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	34695000	USD
	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	64100000	USD
CY2017Q3	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	45911000	USD
	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	144866000	USD
CY2016Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	86263000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	167944000	USD
CY2017Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	88897000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	250172000	USD
CY2016Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	85085000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	163815000	USD
CY2017Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	87070000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	244665000	USD
CY2016Q3	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	1178000	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	4129000	USD
CY2017Q3	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	1827000	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	5507000	USD
	us-gaap	Income Loss From Equity Method Investments Net Of Dividends Or Distributions IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions	-4118000	USD
	us-gaap	Income Loss From Equity Method Investments Net Of Dividends Or Distributions IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions	-1863000	USD
CY2016Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	38980000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	79390000	USD
CY2017Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	28815000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	69566000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	75213000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	88865000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-9140000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-96000	USD
	us-gaap	Increase Decrease In Accounts Payable Related Parties IncreaseDecreaseInAccountsPayableRelatedParties	-2639000	USD
	us-gaap	Increase Decrease In Accounts Payable Related Parties IncreaseDecreaseInAccountsPayableRelatedParties	471000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-23414000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-23423000	USD
	us-gaap	Increase Decrease In Accounts Receivable Related Parties IncreaseDecreaseInAccountsReceivableRelatedParties	-1700000	USD
	us-gaap	Increase Decrease In Accounts Receivable Related Parties IncreaseDecreaseInAccountsReceivableRelatedParties	2102000	USD
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	10641000	USD
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-18471000	USD
	us-gaap	Increase Decrease In Cash Collateral For Borrowed Securities IncreaseDecreaseInCashCollateralForBorrowedSecurities	-20621000	USD
	us-gaap	Increase Decrease In Cash Collateral For Borrowed Securities IncreaseDecreaseInCashCollateralForBorrowedSecurities	1526000	USD
	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	2509000	USD
	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	1849000	USD
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-49915000	USD
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-52481000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	12991000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-9391000	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-3855000	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-21624000	USD
	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	5385000	USD
	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	0	USD
	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	-680000	USD
	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	-707000	USD
CY2016Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	29370000	USD
CY2017Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	21945000	USD
CY2016Q3	us-gaap	Interest Expense InterestExpense	4787000	USD
	us-gaap	Interest Expense InterestExpense	12043000	USD
CY2017Q3	us-gaap	Interest Expense InterestExpense	5413000	USD
	us-gaap	Interest Expense InterestExpense	14991000	USD
	us-gaap	Interest Paid InterestPaid	11553000	USD
	us-gaap	Interest Paid InterestPaid	16745000	USD
CY2016Q3	us-gaap	Investment Advisory Management And Administrative Fees InvestmentAdvisoryManagementAndAdministrativeFees	17158000	USD
	us-gaap	Investment Advisory Management And Administrative Fees InvestmentAdvisoryManagementAndAdministrativeFees	57842000	USD
CY2017Q3	us-gaap	Investment Advisory Management And Administrative Fees InvestmentAdvisoryManagementAndAdministrativeFees	18236000	USD
	us-gaap	Investment Advisory Management And Administrative Fees InvestmentAdvisoryManagementAndAdministrativeFees	48464000	USD
CY2016Q3	us-gaap	Investment Banking Revenue InvestmentBankingRevenue	368434000	USD
	us-gaap	Investment Banking Revenue InvestmentBankingRevenue	936234000	USD
CY2017Q3	us-gaap	Investment Banking Revenue InvestmentBankingRevenue	388834000	USD
	us-gaap	Investment Banking Revenue InvestmentBankingRevenue	1118303000	USD
CY2016Q4	us-gaap	Investments Investments	116633000	USD
CY2017Q3	us-gaap	Investments Investments	99207000	USD
CY2016Q3	us-gaap	Labor And Related Expense LaborAndRelatedExpense	231710000	USD
	us-gaap	Labor And Related Expense LaborAndRelatedExpense	632959000	USD
CY2017Q3	us-gaap	Labor And Related Expense LaborAndRelatedExpense	246772000	USD
	us-gaap	Labor And Related Expense LaborAndRelatedExpense	689186000	USD
CY2016Q4	us-gaap	Liabilities Liabilities	879015000	USD
CY2017Q3	us-gaap	Liabilities Liabilities	833050000	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1662346000	USD
CY2017Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1561035000	USD
CY2016Q4	us-gaap	Liabilities Current LiabilitiesCurrent	463421000	USD
CY2017Q3	us-gaap	Liabilities Current LiabilitiesCurrent	422784000	USD
CY2016Q4	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation	0	USD
CY2017Q3	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation	403000	USD
CY2016Q4	us-gaap	Marketable Securities MarketableSecurities	66487000	USD
CY2017Q3	us-gaap	Marketable Securities MarketableSecurities	115752000	USD
CY2016Q4	us-gaap	Minority Interest MinorityInterest	256033000	USD
CY2017Q3	us-gaap	Minority Interest MinorityInterest	252420000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-193721000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-377680000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-41564000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-72187000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	250401000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	325657000	USD
CY2016Q3	us-gaap	Net Income Loss NetIncomeLoss	34695000	USD
	us-gaap	Net Income Loss NetIncomeLoss	64100000	USD
CY2017Q3	us-gaap	Net Income Loss NetIncomeLoss	45911000	USD
	us-gaap	Net Income Loss NetIncomeLoss	144866000	USD
CY2016Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	12588000	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	24454000	USD
CY2017Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	14171000	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	35740000	USD
CY2016Q4	us-gaap	Notes Payable NotesPayable	168097000	USD
CY2017Q3	us-gaap	Notes Payable NotesPayable	168282000	USD
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
CY2016Q3	us-gaap	Occupancy Net OccupancyNet	12627000	USD
	us-gaap	Occupancy Net OccupancyNet	33983000	USD
CY2017Q3	us-gaap	Occupancy Net OccupancyNet	13531000	USD
	us-gaap	Occupancy Net OccupancyNet	40191000	USD
CY2016Q3	us-gaap	Operating Expenses OperatingExpenses	301229000	USD
	us-gaap	Operating Expenses OperatingExpenses	830868000	USD
CY2017Q3	us-gaap	Operating Expenses OperatingExpenses	319531000	USD
	us-gaap	Operating Expenses OperatingExpenses	919653000	USD
CY2016Q3	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	9311000	USD
	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	25065000	USD
CY2017Q3	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	9905000	USD
	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	29793000	USD
CY2016Q4	us-gaap	Other Assets OtherAssets	62474000	USD
CY2017Q3	us-gaap	Other Assets OtherAssets	54849000	USD
CY2016Q4	us-gaap	Other Assets Current OtherAssetsCurrent	23946000	USD
CY2017Q3	us-gaap	Other Assets Current OtherAssetsCurrent	20173000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest	-277000	USD
	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest	-644000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest	5000	USD
	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest	79000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest	-572000	USD
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest	-2053000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest	955000	USD
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest	1185000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-3322000	USD
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-11861000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	4832000	USD
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	5993000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-3954000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-13309000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	4856000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	6394000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-632000	USD
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-1448000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	24000	USD
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	401000	USD
CY2016Q3	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	12632000	USD
	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	32927000	USD
CY2017Q3	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	10331000	USD
	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	28253000	USD
CY2016Q3	us-gaap	Other Income OtherIncome	5509000	USD
	us-gaap	Other Income OtherIncome	12650000	USD
CY2017Q3	us-gaap	Other Income OtherIncome	4944000	USD
	us-gaap	Other Income OtherIncome	12542000	USD
CY2016Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	12320000	USD
CY2017Q3	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	11639000	USD
CY2016Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	56838000	USD
CY2017Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	55910000	USD
CY2016Q3	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	17720000	USD
	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	76665000	USD
CY2017Q3	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	12240000	USD
	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	34639000	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	2084000	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	0	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	37693000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	40723000	USD
	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	25519000	USD
	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	26315000	USD
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	2877000	USD
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	USD
	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	1529000	USD
	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	857000	USD
	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	52851000	USD
	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	22347000	USD
	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	8511000	USD
	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	25142000	USD
	us-gaap	Payments To Acquire Restricted Certificates Of Deposit PaymentsToAcquireRestrictedCertificatesOfDeposit	0	USD
	us-gaap	Payments To Acquire Restricted Certificates Of Deposit PaymentsToAcquireRestrictedCertificatesOfDeposit	63417000	USD
	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	885000	USD
	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	110000	USD
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	170000000	USD
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	0	USD
	us-gaap	Proceeds From Payments For In Securities Sold Under Agreements To Repurchase ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase	-9070000	USD
	us-gaap	Proceeds From Payments For In Securities Sold Under Agreements To Repurchase ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase	-1405000	USD
	us-gaap	Proceeds From Payments For Securities Purchased Under Agreements To Resell ProceedsFromPaymentsForSecuritiesPurchasedUnderAgreementsToResell	-11584000	USD
	us-gaap	Proceeds From Payments For Securities Purchased Under Agreements To Resell ProceedsFromPaymentsForSecuritiesPurchasedUnderAgreementsToResell	2910000	USD
	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	29482000	USD
	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	38436000	USD
	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	50000000	USD
	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	30000000	USD
CY2016Q3	us-gaap	Professional Fees ProfessionalFees	15419000	USD
	us-gaap	Professional Fees ProfessionalFees	39872000	USD
CY2017Q3	us-gaap	Professional Fees ProfessionalFees	16151000	USD
	us-gaap	Professional Fees ProfessionalFees	43432000	USD
CY2016Q3	us-gaap	Profit Loss ProfitLoss	47283000	USD
	us-gaap	Profit Loss ProfitLoss	88554000	USD
CY2017Q3	us-gaap	Profit Loss ProfitLoss	60082000	USD
	us-gaap	Profit Loss ProfitLoss	180606000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	51651000	USD
CY2017Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	67599000	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	1966000	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	2547000	USD
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	120000000	USD
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	0	USD
	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	50000000	USD
	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	30000000	USD
	us-gaap	Repayments Of Subordinated Debt RepaymentsOfSubordinatedDebt	6000000	USD
	us-gaap	Repayments Of Subordinated Debt RepaymentsOfSubordinatedDebt	9751000	USD
CY2016Q4	us-gaap	Restricted Cash And Investments Noncurrent RestrictedCashAndInvestmentsNoncurrent	10200000	USD
CY2017Q3	us-gaap	Restricted Cash And Investments Noncurrent RestrictedCashAndInvestmentsNoncurrent	10200000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	20343000	USD
CY2017Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	117433000	USD
CY2016Q3	us-gaap	Revenues Revenues	391101000	USD
	us-gaap	Revenues Revenues	1006726000	USD
CY2017Q3	us-gaap	Revenues Revenues	412014000	USD
	us-gaap	Revenues Revenues	1179309000	USD
CY2016Q3	us-gaap	Revenues Net Of Interest Expense RevenuesNetOfInterestExpense	386314000	USD
	us-gaap	Revenues Net Of Interest Expense RevenuesNetOfInterestExpense	994683000	USD
CY2017Q3	us-gaap	Revenues Net Of Interest Expense RevenuesNetOfInterestExpense	406601000	USD
	us-gaap	Revenues Net Of Interest Expense RevenuesNetOfInterestExpense	1164318000	USD
CY2016Q4	us-gaap	Securities Purchased Under Agreements To Resell SecuritiesPurchasedUnderAgreementsToResell	12585000	USD
CY2017Q3	us-gaap	Securities Purchased Under Agreements To Resell SecuritiesPurchasedUnderAgreementsToResell	11268000	USD
CY2016Q4	us-gaap	Securities Sold Under Agreements To Repurchase SecuritiesSoldUnderAgreementsToRepurchase	31150000	USD
CY2017Q3	us-gaap	Securities Sold Under Agreements To Repurchase SecuritiesSoldUnderAgreementsToRepurchase	33912000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	177812000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	163094000	USD
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Shares Purchased For Award ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesPurchasedForAward	1133000	shares
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	154320000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	124302000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	527298000	USD
CY2017Q3	us-gaap	Stockholders Equity StockholdersEquity	475565000	USD
CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	707216000	USD
CY2016Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	699971000	USD
CY2016Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	783331000	USD
CY2017Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	727985000	USD
	us-gaap	Subordinated Borrowing Interest Rate SubordinatedBorrowingInterestRate	0.055
CY2016Q4	us-gaap	Subordinated Debt SubordinatedDebt	16550000	USD
CY2017Q3	us-gaap	Subordinated Debt SubordinatedDebt	6799000	USD
CY2016Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	27321000	USD
CY2017Q3	us-gaap	Taxes Payable Current TaxesPayableCurrent	8872000	USD
CY2016Q3	us-gaap	Travel And Entertainment Expense TravelAndEntertainmentExpense	12440000	USD
	us-gaap	Travel And Entertainment Expense TravelAndEntertainmentExpense	42258000	USD
CY2017Q3	us-gaap	Travel And Entertainment Expense TravelAndEntertainmentExpense	15113000	USD
	us-gaap	Travel And Entertainment Expense TravelAndEntertainmentExpense	46976000	USD
	us-gaap	Treasury Stock Acquired Average Cost Per Share TreasuryStockAcquiredAverageCostPerShare	74.96
CY2016Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	19101711	shares
CY2017Q3	us-gaap	Treasury Stock Shares TreasuryStockShares	22991090	shares
	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	3889000	shares
CY2016Q4	us-gaap	Treasury Stock Value TreasuryStockValue	811653000	USD
CY2017Q3	us-gaap	Treasury Stock Value TreasuryStockValue	1103342000	USD
	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	161778000	USD
	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	291689000	USD
CY2017Q3	us-gaap	Variable Interest Entity Entity Maximum Loss Exposure Amount VariableInterestEntityEntityMaximumLossExposureAmount	13035000	USD
CY2016Q4	us-gaap	Variable Interest Entity Nonconsolidated Carrying Amount Assets VariableInterestEntityNonconsolidatedCarryingAmountAssets	9889000	USD
CY2017Q3	us-gaap	Variable Interest Entity Nonconsolidated Carrying Amount Assets VariableInterestEntityNonconsolidatedCarryingAmountAssets	10696000	USD
CY2016Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	43734000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	44085000	shares
CY2017Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	44036000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	44887000	shares
CY2016Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	38912000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	39259000	shares
CY2017Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	39045000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	39873000	shares
	us-gaap	Description Of New Accounting Pronouncements Not Yet Adopted DescriptionOfNewAccountingPronouncementsNotYetAdopted	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Recent Accounting Pronouncements</font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2014-09</font><font style="font-family:inherit;font-size:10pt;"> – In May 2014, the Financial Accounting Standards Board ("FASB") issued ASU No. 2014-09, "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers"</font><font style="font-family:inherit;font-size:10pt;"> ("ASU 2014-09"). ASU 2014-09 provides amendments to ASC No. 605, "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue Recognition"</font><font style="font-family:inherit;font-size:10pt;"> and creates ASC No. 606, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Revenue from Contracts with Customers,"</font><font style="font-family:inherit;font-size:10pt;"> which changes the requirements for revenue recognition and amends the disclosure requirements. In August 2015, the FASB issued ASU No. 2015-14, "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Deferral of the Effective Date,</font><font style="font-family:inherit;font-size:10pt;">" which provides amendments that defer the effective date of ASU 2014-09 by one year. In April 2016, the FASB issued ASU No. 2016-10, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Identifying Performance Obligations and Licensing,"</font><font style="font-family:inherit;font-size:10pt;"> which provides clarification to identifying performance obligations and the licensing implementation guidance in ASU 2014-09. In May 2016, the FASB issued ASU No. 2016-12, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Narrow-Scope Improvements and Practical Expedients," </font><font style="font-family:inherit;font-size:10pt;">which provides clarification on certain issues identified in the guidance on assessing collectability, presentation of sales taxes, noncash consideration, and completed contracts and contract modifications at transition in ASU 2014-09. The amendments in these updates are effective either retrospectively to each prior reporting period presented, or as a cumulative-effect adjustment as of the date of adoption, during interim and annual periods beginning after December 15, 2017, with early adoption permitted beginning after December 15, 2016. </font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company anticipates that it will adopt ASU 2014-09 on January 1, 2018 using the modified retrospective method of transition, which requires a cumulative-effect adjustment as of the date of adoption. Based on the Company's initial evaluation of ASU 2014-09, success related advisory fees, for which payment is generally dependent on the closing of a strategic transaction, a financing arrangement or some other defined outcome, will be considered variable consideration as defined by the standard. ASU 2014-09 requires that revenue be recognized when it is probable that variable consideration will not be reversed in a future period. Accordingly, revenue recognition for such fees could be accelerated under ASU 2014-09 in rare circumstances, which will require careful analysis and judgment. Under current U.S. GAAP, the Company recognizes such fees upon closing regardless of the probability of the outcome. In addition, pending the outcome of interpretive guidance (see below), the recognition of certain non-refundable fees received in connection with advisory engagements may be deferred along with deal-related expenses, until success fees are recognized or the transaction is terminated. These non-refundable fees and related expenses are currently recognized over the life of the engagement. The effect of the timing of revenue and expense recognition could be material to any given reporting period. Furthermore, current U.S. GAAP allows expenses related to underwriting transactions to be reflected net in related revenues. The Company's initial evaluation of ASU 2014-09 is that those expenses would be presented gross in the results of operations. </font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interpretive guidance on ASU 2014-09 continues to be issued and vetted, in particular by the AICPA industry task force on Broker-Dealers, the AICPA's Revenue Recognition Working Group and the AICPA's Financial Reporting Executive Committee (FinREC). The Company will continue to evaluate this guidance and assess the preliminary views against its initial evaluation.</font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-01</font><font style="font-family:inherit;font-size:10pt;"> - In January 2016, the FASB issued ASU No. 2016-01, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Recognition and Measurement of Financial Assets and Financial Liabilities"</font><font style="font-family:inherit;font-size:10pt;"> ("ASU 2016-01"). ASU 2016-01 provides amendments to ASC No. 825, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Financial Instruments,"</font><font style="font-family:inherit;font-size:10pt;"> which change the requirements for certain aspects of recognition, measurement and presentation of financial assets and liabilities and amend the disclosure requirements. The amendments in this update should be applied by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The amendments related to equity securities without readily determinable fair values are effective prospectively during interim and annual periods beginning after December 15, 2017, with early adoption not permitted. The Company is currently assessing the impact of the adoption of this update on the Company's financial condition, results of operations and cash flows, or disclosures thereto.</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-02</font><font style="font-family:inherit;font-size:10pt;"> - In February 2016, the FASB issued ASU No. 2016-02, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Leases (Topic 842)" </font><font style="font-family:inherit;font-size:10pt;">("ASU 2016-02"). ASU 2016-02 supersedes ASC No. 840, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Leases," </font><font style="font-family:inherit;font-size:10pt;">and includes requirements for the recognition of a right-of-use asset and lease liability on the balance sheet by lessees for those leases classified as operating leases under previous guidance. The amendments in this update are effective using a modified retrospective approach at the beginning of the earliest period presented, during interim and annual periods beginning after December 15, 2018, with early adoption permitted. The Company anticipates adopting ASU 2016-02 on January 1, 2019 using the modified retrospective approach. The adoption will result in the present value of the Company's lease commitments which have a term in excess of one year being reflected on the Company's Statements of Financial Condition as a long-term fixed asset with a corresponding long-term liability. The Company's lease commitments, as discussed in Note 15, primarily relate to office space. The lease-related assets will be amortized to expense over the life of the leases and the liability, and related interest expense, will be reduced as lease payments are made over the life of the lease. The net impact on the Company's earnings is not expected to be materially different from the current expense related to leases as required under current U.S. GAAP, which is primarily reflected in Occupancy and Equipment Rental expense on the </font><font style="font-family:inherit;font-size:10pt;">Unaudited Condensed Consolidated Statements of Operations</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-07</font><font style="font-family:inherit;font-size:10pt;"> - In March 2016, the FASB issued ASU No. 2016-07, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Simplifying the Transition to the Equity Method of Accounting" </font><font style="font-family:inherit;font-size:10pt;">("ASU 2016-07"). ASU 2016-07 provides amendments to ASC No. 323, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Investments - Equity Method and Joint Ventures," </font><font style="font-family:inherit;font-size:10pt;">which simplify the accounting for equity method investments by eliminating the requirement to adjust the investment, results of operations and retained earnings retroactively on a step-by-step basis as if the equity method had been in effect during all previous periods that the investment had been held. The amendments in this update are effective prospectively to increases in the level of ownership interest or degree of influence that results in the adoption of the equity method, during interim and annual periods beginning after December 15, 2016, with early adoption permitted. The adoption of ASU 2016-07 did not have a material impact on the Company's financial condition, results of operations and cash flows, or disclosures thereto.</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-09</font><font style="font-family:inherit;font-size:10pt;"> - In March 2016, the FASB issued ASU No. 2016-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Improvements to Employee Share-Based Payment Accounting" </font><font style="font-family:inherit;font-size:10pt;">("ASU 2016-09"). ASU 2016-09 provides amendments to ASC No. 718, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Compensation - Stock Compensation," </font><font style="font-family:inherit;font-size:10pt;">which simplify the accounting for share-based payment transactions, including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The amendments in this update are effective during interim and annual periods beginning after December 15, 2016, with early adoption permitted. The application of ASU 2016-09 resulted in excess tax benefits from the delivery of Class A common stock ("Class A Shares") under share-based payment arrangements being recognized in the Company's Provision for Income Taxes for the three and nine months ended September 30, 2017, rather than in Additional Paid-In-Capital under prior U.S. GAAP. The Company used the retrospective transition method for the presentation of excess tax benefits on the Statements of Cash Flows; as such, the Company classified excess tax benefits as an operating activity within Taxes Payable on the Unaudited Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2017 and 2016. The application of ASU 2016-09 will result in greater volatility in the effective tax rate and could be material to the results of operations and the classifications of cash flows in future periods depending upon the level of earnings and stock price of the Company, among other things. See Note 17 for further detail, including the impact of the application of ASU 2016-09 on the current period.</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-13</font><font style="font-family:inherit;font-size:10pt;"> - In June 2016, the FASB issued ASU No. 2016-13, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Measurement of Credit Losses on Financial Instruments" </font><font style="font-family:inherit;font-size:10pt;">("ASU 2016-13"). ASU 2016-13 provides amendments to ASC No. 326, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Financial Instruments - Credit Losses," </font><font style="font-family:inherit;font-size:10pt;">which amend the guidance on the impairment of financial instruments and adds an impairment model (the current expected credit loss (CECL) model) that is based on expected losses rather than incurred losses. Entities will recognize an allowance for its estimate of expected credit losses as of the end of each reporting period. The amendments in this update are effective during interim and annual periods beginning after December 15, 2019, with early adoption permitted after December 15, 2018. The Company currently uses the specific identification method for establishing credit provisions and write-offs of its trade accounts receivable. The Company anticipates adopting ASU 2016-13 on January 1, 2020 and does not anticipate a material difference between the current method and the CECL model.</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-15 - </font><font style="font-family:inherit;font-size:10pt;">In August 2016, the FASB issued ASU No. 2016-15, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Classification of Certain Cash Receipts and Cash Payments" </font><font style="font-family:inherit;font-size:10pt;">("ASU 2016-15"). ASU 2016-15 provides amendments to ASC No. 230, "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Statement of Cash Flows,</font><font style="font-family:inherit;font-size:10pt;">" which provide guidance on the classification of certain cash receipts and payments in the statement of cash flows. The amendments in this update are effective retrospectively, or prospectively, if retrospective application is impracticable, during interim and annual periods beginning after December 15, 2017, with early adoption permitted. The Company is currently assessing the impact of this update on the Company's financial condition, results of operations and cash flows, or disclosures thereto. </font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-18 - </font><font style="font-family:inherit;font-size:10pt;">In November 2016, the FASB issued ASU No. 2016-18, "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Restricted Cash</font><font style="font-family:inherit;font-size:10pt;">"</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">("ASU 2016-18"). ASU 2016-18 provides amendments to ASC No. 230, "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Statement of Cash Flows,</font><font style="font-family:inherit;font-size:10pt;">" which require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents and amounts generally described as restricted cash and restricted cash equivalents. The amendments in this update are effective retrospectively during interim and annual periods beginning after December 15, 2017, with early adoption permitted. The Company is currently assessing the impact of this update on the Company's financial condition, results of operations and cash flows, or disclosures thereto.</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2017-01 -</font><font style="font-family:inherit;font-size:10pt;"> In January 2017, the FASB issued ASU No. 2017-01, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Clarifying the Definition of a Business" </font><font style="font-family:inherit;font-size:10pt;">("ASU 2017-01"). ASU 2017-01 provides amendments to ASC No. 805, "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Business Combinations,</font><font style="font-family:inherit;font-size:10pt;">" which clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The amendments in this update are effective prospectively during interim and annual periods beginning after December 15, 2017, with early adoption permitted. The Company is currently assessing the impact of this update on the Company's financial condition, results of operations and cash flows, or disclosures thereto.</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2017-04 -</font><font style="font-family:inherit;font-size:10pt;"> In January 2017, the FASB issued ASU No. 2017-04, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Simplifying the Test for Goodwill Impairment" </font><font style="font-family:inherit;font-size:10pt;">("ASU 2017-04"). ASU 2017-04 provides amendments to ASC No. 350, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Intangibles - Goodwill and Other" </font><font style="font-family:inherit;font-size:10pt;">("ASC 350"), which eliminate Step 2 from the goodwill impairment test. Entities should perform their goodwill impairment tests by comparing the fair value of a reporting unit with its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value. The amendments in this update are effective prospectively during interim and annual periods beginning after December 15, 2019, with early adoption permitted. The Company adopted ASU 2017-04 during the second quarter of 2017. See Note 4 for further information.</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2017-09 - </font><font style="font-family:inherit;font-size:10pt;">In May 2017, the FASB issued ASU No. 2017-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Scope of Modification Accounting"</font><font style="font-family:inherit;font-size:10pt;"> ("ASU 2017-09"). ASU 2017-09 provides amendments to ASC No. 718, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">"Compensation - Stock Compensation," </font><font style="font-family:inherit;font-size:10pt;">which provide guidance and clarity around which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting. The amendments in this update are effective prospectively during interim and annual periods beginning after December 15, 2017, with early adoption permitted. The Company is currently assessing the impact of this update on the Company's financial condition, results of operations and cash flows, or disclosures thereto.</font></div></div>

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2017 Q3 Form 10-Q Financial Statement

#000136090117000031 Filed on November 02, 2017

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2017 Q3 Form 10-Q Financial Statement

#000136090117000031 Filed on November 02, 2017

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Evercore Inc. Stock $evr