(dollars in thousands, except per share amounts)	Three Months Ended March 31, 2015
Numerator:
Net income (loss) attributable to holders of shares of Class A common stock—basic	$	5,336
Add (deduct) dilutive effect of:
Noncontrolling interests related to Class A partnership units			(a)

Net income (loss) attributable to holders of shares of Class A common stock—diluted	$	5,336


Denominator:
Weighted average shares of Class A common stock outstanding—basic		19,730,182
Add (deduct) dilutive effect of:
Noncontrolling interests related to Class A partnership units			(a)
Weighted average number of incremental shares issuable from unvested restricted stock, RSUs and stock options, as calculated using the treasury stock method		1,218,784	(b)

Weighted average shares of Class A common stock outstanding—diluted		20,948,966


Net income (loss) per share attributable to holders of shares of Class A common stock
Basic	$	0.27


Diluted	$	0.25

(a)

Class A partnership units may be exchanged for Moelis & Company Class A common stock on a one-for-one basis, subject to applicable lock-up, vesting and transfer restrictions. If all Class A partnership units were to be exchanged for Class A common stock, fully diluted Class A common stock outstanding would be 55,355,971 for the three months ended March 31, 2015. In computing the dilutive effect, if any, that the aforementioned exchange would have on net income (loss) per share, net income (loss) available to holders of Class A common stock would be adjusted due to the elimination of the noncontrolling interests in consolidated entities associated with the Group LP Class A partnership units (including any tax impact). For the three months ended March 31, 2015, such exchange is not reflected in diluted net income (loss) per share as the assumed exchange is not dilutive.

(b)

During the three months ended March 31, 2015, certain shares of Moelis & Company's Class A common stock assumed to be issued pursuant to certain RSUs as calculated using the treasury stock method were antidilutive and therefore have been excluded from the calculation of diluted net income (loss) per share attributable to Moelis & Company. The additional weighted average amount of RSUs that would have been included in this calculation if the effect were dilutive would have been 575,287 units for the three months ended March 31, 2015.