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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues $ 170,041 $ 150,676 $ 515,448 $ 408,765
Expenses        
Compensation and benefits 99,694 88,046 302,228 240,912
Occupancy 4,393 4,096 12,670 14,941
Professional fees 4,494 2,804 13,674 7,551
Communication, technology and information services 6,427 5,496 18,636 16,101
Travel and related expenses 7,294 4,490 21,990 16,452
Depreciation and amortization 891 817 2,570 2,359
Other expenses 6,969 4,813 18,059 10,885
Total expenses 130,162 110,562 389,827 309,201
Operating income (loss) 39,879 40,114 125,621 99,564
Other income and (expenses) 14,955 187 32,888 391
Income (loss) from equity method investments 2,791 1,562 4,565 3,897
Income (loss) before income taxes 57,625 41,863 163,074 103,852
Provision for income taxes 14,354 6,550 30,900 16,715
Net income (loss) 43,271 35,313 132,174 87,137
Net income (loss) attributable to noncontrolling interests 24,066 25,824 77,961 63,785
Net income (loss) attributable to Moelis & Company 19,205 9,489 54,213 23,352
Class A common stock        
Expenses        
Net income (loss) attributable to Moelis & Company $ 19,205 $ 9,489 $ 54,213 $ 23,352
Weighted-average shares of Class A common stock outstanding        
Basic (in shares) 32,505,940 20,926,745 29,094,514 20,807,189
Diluted (in shares) 39,784,633 24,301,063 35,872,847 23,516,239
Net income (loss) per share attributable to holders of shares of Class A common stock        
Basic (in dollars per share) $ 0.59 $ 0.45 $ 1.86 $ 1.12
Diluted (in dollars per share) 0.48 0.39 1.51 0.99
Dividends declared per share of Class A common stock $ 0.37 $ 0.32 $ 2.11 $ 1.72