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Subsequent Events
3 Months Ended
Mar. 31, 2023
Subsequent Events [Abstract]  
Subsequent Events
15.
SUBSEQUENT EVENTS

The Company has evaluated subsequent events for adjustment to or disclosure in these condensed consolidated financial statements through the date of this report and has not identified any recordable or disclosable events not otherwise reported in these financial statements or the notes thereto other than the following. The Board of Directors of Moelis & Company has declared a dividend of $0.60 per share to be paid on June 23, 2023, to Class A common stockholders of record on May 8, 2023.

 

The Company entered into a new lease agreement that commenced in April 2023 to replace its existing office space in Los Angeles, which expires during 2023. This lease has an initial term that expires in 2034 and the right-of-use asset and lease liability associated with this lease is approximately $15,000, which will be recorded in the second quarter of 2023.