Equity Method Investment	9 Months Ended
Sep. 30, 2019
Equity Method Investments And Joint Ventures [Abstract]
Equity Method Investment	4. EQUITY METHOD INVESTMENT Moelis Australia On April 1, 2010, the Company entered into a 50-50 joint venture in Moelis Australia Holdings PTY Limited, investing a combination of cash and certain net assets in exchange for its interests. On April 10, 2017, Moelis Australia Holdings PTY Limited consummated their initial public offering and became listed on the Australian Securities Exchange as Moelis Australia Limited (ASX: MOE). As a result of the offering, the Company’s ownership interest in Moelis Australia was diluted and continues to be accounted for under the equity method of accounting. Certain estimates and adjustments have been made to account for the Company’s equity method investment in Moelis Australia under US GAAP. Please see Note 4 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 for additional information. On February 20, 2019 and February 20, 2018, Moelis Australia declared dividends, of which the Company received $2,848 and $2,737 on March 6, 2019 and March 7, 2018, respectively. The Company accounted for the dividends as a return on investment and reduced the carrying value of the investment in Moelis Australia by $2,848 and $2,737, respectively. On September 2, 2019, the Company sold 12.5 million shares of Moelis Australia common stock. This transaction resulted in a gain of $12,631, recorded in other income and expenses on the condensed consolidated statements of operations. As a result, the Company’s ownership interest in Moelis Australia was reduced. The Company also announced the sale of 8.0 million shares of Moelis Australia common stock to MOE pursuant to a selective buyback, expected to settle in November 2019. The balances of the Company’s equity method investment as of September 30, 2019 and December 31, 2018 were $46,897 and $63,274, respectively, and are included within investments on the condensed consolidated statements of financial condition. The Company’s share of earnings on this investment is recorded in other income and expenses on the condensed consolidated statements of operations.

Equity Method Investment

9 Months Ended

Sep. 30, 2019

Equity Method Investments And Joint Ventures [Abstract]

4. EQUITY METHOD INVESTMENT

Moelis Australia

On April 1, 2010, the Company entered into a 50-50 joint venture in Moelis Australia Holdings PTY Limited, investing a combination of cash and certain net assets in exchange for its interests. On April 10, 2017, Moelis Australia Holdings PTY Limited consummated their initial public offering and became listed on the Australian Securities Exchange as Moelis Australia Limited (ASX: MOE). As a result of the offering, the Company’s ownership interest in Moelis Australia was diluted and continues to be accounted for under the equity method of accounting. Certain estimates and adjustments have been made to account for the Company’s equity method investment in Moelis Australia under US GAAP. Please see Note 4 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 for additional information.

On February 20, 2019 and February 20, 2018, Moelis Australia declared dividends, of which the Company received $2,848 and $2,737 on March 6, 2019 and March 7, 2018, respectively. The Company accounted for the dividends as a return on investment and reduced the carrying value of the investment in Moelis Australia by $2,848 and $2,737, respectively.

On September 2, 2019, the Company sold 12.5 million shares of Moelis Australia common stock. This transaction resulted in a gain of $12,631, recorded in other income and expenses on the condensed consolidated statements of operations. As a result, the Company’s ownership interest in Moelis Australia was reduced. The Company also announced the sale of 8.0 million shares of Moelis Australia common stock to MOE pursuant to a selective buyback, expected to settle in November 2019.

The balances of the Company’s equity method investment as of September 30, 2019 and December 31, 2018 were $46,897 and $63,274, respectively, and are included within investments on the condensed consolidated statements of financial condition. The Company’s share of earnings on this investment is recorded in other income and expenses on the condensed consolidated statements of operations.