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

9 Months Ended

Sep. 30, 2018

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 nine months ended September 30, 2018 and 2017 is presented below:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
Numerator:
Net Income Attributable to PJT Partners Inc.	$	7,550	$	3,343	$	19,731	$	4,891
Less:
Dividends on Participating Securities		8		20		92		68
Net Income Attributable to Participating Securities		36		50		110		51
Net Income Attributable to Shares of Class A Common Stock — Basic		7,506		3,273		19,529		4,772
Incremental Net Income from Dilutive Securities		342		286		971		123
Net Income Attributable to Shares of Class A Common Stock — Diluted	$	7,848	$	3,559	$	20,500	$	4,895
Denominator:
Weighted-Average Shares of Class A Common Stock Outstanding — Basic		22,275,847		18,918,181		21,425,766		18,841,975
Weighted-Average Number of Incremental Shares from Unvested RSUs		1,836,502		4,000,474		2,621,894		3,575,867
Weighted-Average Shares of Class A Common Stock Outstanding — Diluted		24,112,349		22,918,655		24,047,660		22,417,842
Net Income Per Share of Class A Common Stock
Basic	$	0.34	$	0.17	$	0.91	$	0.25
Diluted	$	0.33	$	0.16	$	0.85	$	0.22

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 nine months ended September 30, 2018 and 2017 that have been excluded from the calculation of net income per share of Class A common stock:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
Weighted-Average Unvested RSUs	(a)		(a)		(a)		(a)
Weighted-Average Participating RSUs		125,388		405,472		143,856		479,957
Weighted-Average Partnership Units		16,385,862		14,735,203		15,475,111		15,088,535

(a)	These securities were determined to be dilutive.