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NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO CLASS A COMMON SHAREHOLDERS (Tables) | 6 Months Ended
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Jun. 30, 2017
NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO CLASS A COMMON SHAREHOLDERS |
Schedule of calculations of basic and diluted net income (loss) per share |
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30,
(dollars in thousands, except per share amounts) |  | 2017 |  | 2016 |  |  | 2017 |  | 2016 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to holders of shares of Class A common stock—basic |  | $ | 19,730 |  | $ | 6,893 |  |  | $ | 35,008 |  | $ | 13,863 |
Add (deduct) dilutive effect of: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noncontrolling interests related to Class A partnership units |  |  |  | (a) |  |  | (a) |  |  |  | (a) |  |  | (a)
Net income (loss) attributable to holders of shares of Class A common stock—diluted |  | $ | 19,730 |  | $ | 6,893 |  |  | $ | 35,008 |  | $ | 13,863 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares of Class A common stock outstanding—basic |  |  | 28,165,552 |  |  | 20,745,043 |  |  |  | 27,325,145 |  |  | 20,654,657 |
Add (deduct) dilutive effect of: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noncontrolling interests related to Class A partnership units |  |  |  | (a) |  |  | (a) |  |  |  | (a) |  |  | (a)
Weighted average number of incremental shares issuable from unvested restricted stock, RSUs and stock options, as calculated using the treasury stock method |  |  | 6,209,330 | (b) |  | 2,873,050 | (b) |  |  | 6,426,994 | (b) |  | 2,397,598 | (b)
Weighted average shares of Class A common stock outstanding—diluted |  |  | 34,374,882 |  |  | 23,618,093 |  |  |  | 33,752,139 |  |  | 23,052,255 |
Net income (loss) per share attributable to holders of shares of Class A common stock |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.70 |  | $ | 0.33 |  |  | $ | 1.28 |  | $ | 0.67 |
Diluted |  | $ | 0.57 |  | $ | 0.29 |  |  | $ | 1.04 |  | $ | 0.60 |
We have not included the impact of Class B common stock because these shares are entitled to an insignificant amount of economic participation. (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 62,971,925 and 57,386,765 for the three months ended June 30, 2017 and 2016, respectively, and 62,588,514 and 56,911,313 for the six months ended June 30, 2017 and 2016, respectively. 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 and six months ended June 30, 2017 and 2016, such exchange is not reflected in diluted net income (loss) per share as the assumed exchange is not dilutive. (b)During the three and six months ended June 30, 2017 and 2016, 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. During the three months ended June 30, 2017 and 2016, the additional weighted average amount of RSUs that would have been included in this calculation if the effect were dilutive would have been 190 and 1,793 units, respectively and 161 and 899 units for the six months ended June 30, 2017 and 2016, respectively. Additionally, during the three months ended June 30, 2017 and 2016, the additional weighted average amount of options that would have been included in this calculation if the effect were dilutive would have been 0 and 14,505 options, respectively, and 0 and 1,053,593 options for the six months ended June 30, 2017 and 2016, respectively.

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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/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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