Net Income Per Share of Class A Common Stock (Tables)

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Schedule of Net Income Per Share of Class A Common Stock

Basic and diluted net income per share of Class A common stock for the three and six months ended June 30, 2019 and 2018 is presented below:

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Numerator:
Net Income Attributable to PJT Partners Inc.	$	4,826	$	6,945	$	5,927	$	12,181
Less:
Dividends on Participating Securities		6		73		11		83
Net Income Attributable to Participating Securities		7		39		7		73
Net Income Attributable to Shares of Class A    Common Stock — Basic		4,813		6,833		5,909		12,025
Incremental Net Income from Dilutive Securities	(a)			378	(a)			496
Net Income Attributable to Shares of Class A    Common Stock — Diluted	$	4,813	$	7,211	$	5,909	$	12,521
Denominator:
Weighted-Average Shares of Class A Common    Stock Outstanding — Basic		24,572,535		22,641,562		24,157,671		20,987,863
Weighted-Average Number of Incremental Shares from    Unvested RSUs and Partnership Units	(a)			1,543,458	(a)			1,701,481
Weighted-Average Shares of Class A Common    Stock Outstanding — Diluted		24,572,535		24,185,020		24,157,671		22,689,344
Net Income Per Share of Class A Common Stock
Basic	$	0.20	$	0.30	$	0.24	$	0.57
Diluted	$	0.20	$	0.30	$	0.24	$	0.55

(a) These securities were determined to be anti-dilutive and therefore were excluded from the calculation of net income per share of Class A common stock.

Schedule of Anti-Dilutive Securities Excluded from Calculation of Net Income Per Share of Class A Common Stock

The following table summarizes the anti-dilutive securities for the three and six months ended June 30, 2019 and 2018 that have been excluded from the calculation of net income per share of Class A common stock:

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Weighted-Average Unvested RSUs		566,311	(a)			898,124	(a)
Weighted-Average Participating RSUs		54,762		151,707		53,294		153,243
Weighted-Average Partnership Units		15,951,175		15,498,371		15,972,444		15,012,188

(a) These securities were determined to be dilutive.