$PJT
PJT Partners Inc.

2016 Q4 Form 10-K Financial Statement

#000156459017002891 Filed on February 28, 2017

View on sec.gov

Income Statement

Concept 2016 Q4 2015 Q4 2015 Q3
Revenue $173.5M $103.8M $147.3M
YoY Change 67.11% -30.13% 85.25%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $141.0M $127.3M $93.20M
YoY Change 10.76% 43.19% 3.67%
% of Gross Profit
Research & Development $2.824M
YoY Change
% of Gross Profit
Depreciation & Amortization $10.30M $3.900M $1.200M
YoY Change 164.1% 129.41% -33.33%
% of Gross Profit
Operating Expenses $143.1M $131.4M $2.824M
YoY Change 8.9% 47.81% -96.92%
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$6.400M -$1.100M -$2.500M
YoY Change 481.82% -77.55% 66.67%
Pretax Income $23.98M -$28.67M $43.86M
YoY Change -183.65% -152.29% -421.47%
Income Tax $5.300M -$3.700M $1.971M
% Of Pretax Income 22.1% 4.49%
Net Earnings $6.745M -$11.18M $41.89M
YoY Change -160.31% -120.98% -395.06%
Net Earnings / Revenue 3.89% -10.77% 28.43%
Basic Earnings Per Share
Diluted Earnings Per Share $366.1K -$586.4K $2.328M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q4 2015 Q4 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $152.4M $82.30M $21.70M
YoY Change 85.18%
Cash & Equivalents $152.4M $82.32M $21.69M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $227.6M $169.6M $131.8M
Other Receivables $0.00 $0.00 $19.90M
Total Short-Term Assets $380.0M $251.9M $173.4M
YoY Change 50.85%
LONG-TERM ASSETS
Property, Plant & Equipment $38.16M $31.49M $41.80M
YoY Change 21.17% 516.12%
Goodwill $72.29M $75.77M
YoY Change -4.6% 10.01%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $71.00M $69.50M $2.000M
YoY Change 2.16%
Total Long-Term Assets $210.5M $215.4M $128.2M
YoY Change -2.26%
TOTAL ASSETS
Total Short-Term Assets $380.0M $251.9M $173.4M
Total Long-Term Assets $210.5M $215.4M $128.2M
Total Assets $590.5M $467.3M $301.6M
YoY Change 26.37% 34.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.40M $29.50M $24.80M
YoY Change -41.02%
Accrued Expenses $140.1M $81.20M $19.80M
YoY Change 72.54%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $159.0M $112.4M $44.70M
YoY Change 41.46%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $18.10M $12.90M $700.0K
YoY Change 40.31%
Total Long-Term Liabilities $18.10M $12.90M $700.0K
YoY Change 40.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $159.0M $112.4M $44.70M
Total Long-Term Liabilities $18.10M $12.90M $700.0K
Total Liabilities $177.1M $125.3M $45.40M
YoY Change 41.29% 701.72%
SHAREHOLDERS EQUITY
Retained Earnings -$17.95M -$11.18M
YoY Change 60.46%
Common Stock $9.145M $43.13M
YoY Change -78.8%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$8.560M $32.08M $256.2M
YoY Change
Total Liabilities & Shareholders Equity $590.5M $467.3M $301.6M
YoY Change 26.37% 34.29%

Cashflow Statement

Concept 2016 Q4 2015 Q4 2015 Q3
OPERATING ACTIVITIES
Net Income $6.745M -$11.18M $41.89M
YoY Change -160.31% -120.98% -395.06%
Depreciation, Depletion And Amortization $10.30M $3.900M $1.200M
YoY Change 164.1% 129.41% -33.33%
Cash From Operating Activities $19.90M -$25.20M $59.90M
YoY Change -178.97% -156.88% -590.98%
INVESTING ACTIVITIES
Capital Expenditures -$300.0K -$30.20M -$4.400M
YoY Change -99.01%
Acquisitions
YoY Change
Other Investing Activities -$800.0K $10.40M
YoY Change -107.69%
Cash From Investing Activities -$1.200M -$19.80M -$4.400M
YoY Change -93.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -23.60M 105.7M -104.7M
YoY Change -122.33% -553.65% 1561.9%
NET CHANGE
Cash From Operating Activities 19.90M -25.20M 59.90M
Cash From Investing Activities -1.200M -19.80M -4.400M
Cash From Financing Activities -23.60M 105.7M -104.7M
Net Change In Cash -4.900M 60.70M -49.20M
YoY Change -108.07% 189.05% 165.95%
FREE CASH FLOW
Cash From Operating Activities $19.90M -$25.20M $59.90M
Capital Expenditures -$300.0K -$30.20M -$4.400M
Free Cash Flow $20.20M $5.000M $64.30M
YoY Change 304.0%

Facts In Submission

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CY2015 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10939000
CY2014 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2653000
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:5.24%;">The preparation of consolidated and combined financial statements and related disclosures in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates and assumptions are reviewed periodically, and the effects of revisions are reflected in the period in which they are determined to be necessary. In preparing the consolidated and combined financial statements, management makes estimates regarding the adequacy of the allowance for doubtful accounts, evaluation of goodwill and intangible assets, realization of deferred taxes, measurement of equity-based compensation and other matters that affect the reported amounts and disclosures in the consolidated and combined financial statements.</p></div>
CY2016 pjt Transition Service Agreement Period
TransitionServiceAgreementPeriod
P24M
CY2015 pjt Transition Service Agreement Period
TransitionServiceAgreementPeriod
P24M
CY2016 pjt Transition Services Agreement Termination Minimum Notice Period
TransitionServicesAgreementTerminationMinimumNoticePeriod
P60D
CY2015 pjt Transition Services Agreement Termination Minimum Notice Period
TransitionServicesAgreementTerminationMinimumNoticePeriod
P60D
CY2016 pjt Placement Fee Earned Period
PlacementFeeEarnedPeriod
P48M
CY2016Q4 us-gaap Us Government Securities At Carrying Value
USGovernmentSecuritiesAtCarryingValue
50000000
CY2015Q4 us-gaap Us Government Securities At Carrying Value
USGovernmentSecuritiesAtCarryingValue
0
CY2016 us-gaap Finite Lived Intangible Assets Amortization Method
FiniteLivedIntangibleAssetsAmortizationMethod
Straight-line basis
CY2016Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
2700000
CY2015Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
2200000
CY2015Q4 us-gaap Allowance For Doubtful Accounts Receivable Noncurrent
AllowanceForDoubtfulAccountsReceivableNoncurrent
0
CY2014Q4 us-gaap Allowance For Doubtful Accounts Receivable Noncurrent
AllowanceForDoubtfulAccountsReceivableNoncurrent
392000
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable Noncurrent
AllowanceForDoubtfulAccountsReceivableNoncurrent
1621000
CY2016 pjt Allowance For Doubtful Accounts Long Term Receivable Recoveries
AllowanceForDoubtfulAccountsLongTermReceivableRecoveries
0
CY2015 pjt Allowance For Doubtful Accounts Long Term Receivable Recoveries
AllowanceForDoubtfulAccountsLongTermReceivableRecoveries
-392000
CY2014 pjt Allowance For Doubtful Accounts Long Term Receivable Recoveries
AllowanceForDoubtfulAccountsLongTermReceivableRecoveries
-1229000
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable Noncurrent
AllowanceForDoubtfulAccountsReceivableNoncurrent
0
CY2014Q4 us-gaap Goodwill
Goodwill
68873000
CY2015 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
6896000
CY2016 pjt Goodwill Measurement Period Adjustment
GoodwillMeasurementPeriodAdjustment
-3483000
CY2016 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2015 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2016Q4 us-gaap Finite Lived Customer Relationships Gross
FiniteLivedCustomerRelationshipsGross
26476000
CY2015Q4 us-gaap Finite Lived Customer Relationships Gross
FiniteLivedCustomerRelationshipsGross
26476000
CY2015Q4 pjt Finite Lived Client Backlog Gross
FiniteLivedClientBacklogGross
7600000
CY2016Q4 us-gaap Finite Lived Trade Names Gross
FiniteLivedTradeNamesGross
5700000
CY2015Q4 us-gaap Finite Lived Trade Names Gross
FiniteLivedTradeNamesGross
5700000
CY2016Q4 pjt Finite Lived Client Mandates And Other Gross
FiniteLivedClientMandatesAndOtherGross
1276000
CY2015Q4 pjt Finite Lived Client Mandates And Other Gross
FiniteLivedClientMandatesAndOtherGross
1483000
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.648
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
33452000
CY2015Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
41259000
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
18739000
CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
17613000
CY2014Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
19797000
CY2013Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
22450000
CY2015 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
14805000
CY2016 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8870000
CY2016 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-63000
CY2015 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-17000
CY2015 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
6000000
CY2016 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2400000
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2300000
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2300000
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2300000
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2300000
CY2016 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P8Y8M12D
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
46031000
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
34322000
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7876000
CY2015Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2832000
CY2016 us-gaap Depreciation
Depreciation
5200000
CY2015 us-gaap Depreciation
Depreciation
3900000
CY2014 us-gaap Depreciation
Depreciation
5100000
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
38360000
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
29581000
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
8952000
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-23860000
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-35517000
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-1414000
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
4131000
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
50000
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2777000
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3576000
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3495000
CY2016 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
191000
CY2015 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
331000
CY2014 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
319000
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
7099000
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3957000
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3814000
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
2376000
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-3698000
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-20000
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-17000
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-768000
CY2016 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-63000
CY2015 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-3000
CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3718000
CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-768000
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.040
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.404
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.334
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.249
CY2016 pjt Effective Income Tax Rate Reconciliation Accrual Related To Spin Off
EffectiveIncomeTaxRateReconciliationAccrualRelatedToSpinOff
0.099
CY2016 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
-0.212
CY2015 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.542
CY2014 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
-0.350
CY2016 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.009
CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.049
CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.042
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.140
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.632
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.362
CY2016 pjt Effective Income Tax Rate Reconciliation Return To Provision
EffectiveIncomeTaxRateReconciliationReturnToProvision
0.064
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.008
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.002
CY2016Q4 pjt Deferred Tax Assets Tax Basis Step Up From Blackstone
DeferredTaxAssetsTaxBasisStepUpFromBlackstone
51321000
CY2015Q4 pjt Deferred Tax Assets Tax Basis Step Up From Blackstone
DeferredTaxAssetsTaxBasisStepUpFromBlackstone
57046000
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
22570000
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
15173000
CY2016Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4879000
CY2015Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
2919000
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
3506000
CY2016Q4 pjt Deferred Tax Assets Partner Exchange Basis Step Up
DeferredTaxAssetsPartnerExchangeBasisStepUp
1135000
CY2016Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
973000
CY2015Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
3184000
CY2016Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
84384000
CY2015Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
78322000
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
5347000
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2222000
CY2016Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
79037000
CY2015Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
76100000
CY2016Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
3164000
CY2015Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
5008000
CY2016Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
2408000
CY2016Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
2508000
CY2015Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
2404000
CY2016Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
8080000
CY2015Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
7412000
CY2016Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
70957000
CY2015Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
68688000
CY2016Q4 pjt Percentage Of Tax Benefits To Partnership Holders
PercentageOfTaxBenefitsToPartnershipHolders
0.85
CY2016 pjt Deferred Tax Asset Payable Period
DeferredTaxAssetPayablePeriod
P15Y
CY2016Q4 pjt Remaining Deferred Tax Asset Benefit Recorded In Additional Paid In Capital
RemainingDeferredTaxAssetBenefitRecordedInAdditionalPaidInCapital
200000
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
5000
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
56000
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
61000
CY2016Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
0
CY2015Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
0
CY2016Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
0
CY2015Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
0
CY2016Q4 us-gaap Income Tax Examination Interest Accrued
IncomeTaxExaminationInterestAccrued
0
CY2015Q4 us-gaap Income Tax Examination Interest Accrued
IncomeTaxExaminationInterestAccrued
0
CY2015 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
600000
CY2014Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
42000
CY2014Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
0
CY2014Q4 us-gaap Income Tax Examination Interest Accrued
IncomeTaxExaminationInterestAccrued
45000
CY2016 pjt Number Of Diluted Class A Common Shares Outstanding If Holding Partnership Units Exchanged
NumberOfDilutedClassACommonSharesOutstandingIfHoldingPartnershipUnitsExchanged
34361674
CY2016 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
89010000
CY2015 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
65342000
CY2014 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
90396000
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
10678000
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2618000
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
308000
CY2016Q4 pjt Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestOutstandingNumber
16926734
CY2016 pjt Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expected To Vest Outstanding Requisite Service Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestOutstandingRequisiteServicePeriod
P1Y10M24D
CY2015 pjt Percentage Of Advisory Fees Earned From Affiliates
PercentageOfAdvisoryFeesEarnedFromAffiliates
0.015
CY2014 pjt Percentage Of Advisory Fees Earned From Affiliates
PercentageOfAdvisoryFeesEarnedFromAffiliates
0.118
CY2015 pjt Percentage Of Placement Fees Earned From Affiliates
PercentageOfPlacementFeesEarnedFromAffiliates
0.126
CY2014 pjt Percentage Of Placement Fees Earned From Affiliates
PercentageOfPlacementFeesEarnedFromAffiliates
0.117
CY2015 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-2600000
CY2014 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
19800000
CY2016 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
0
CY2014 pjt Non Cash Charges Related To Equity Based Compensation
NonCashChargesRelatedToEquityBasedCompensation
5200000
CY2016Q4 pjt Forfeiture Accrual At Carrying Value
ForfeitureAccrualAtCarryingValue
500000
CY2015Q4 pjt Forfeiture Accrual At Carrying Value
ForfeitureAccrualAtCarryingValue
1300000
CY2016 pjt Operating Lease Agreements Expiration Date Description
OperatingLeaseAgreementsExpirationDateDescription
various dates through 2030
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
24300000
CY2015 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
17200000
CY2014 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
23300000
CY2016 pjt Capital Lease Obligation Payable Maturity Year
CapitalLeaseObligationPayableMaturityYear
2021
CY2016 pjt Weighted Average Interest Rate Of Capital Lease Obligations Payable
WeightedAverageInterestRateOfCapitalLeaseObligationsPayable
0.023
CY2016Q4 us-gaap Capital Leases Balance Sheet Assets By Major Class Net
CapitalLeasesBalanceSheetAssetsByMajorClassNet
400000
CY2015Q4 us-gaap Capital Leases Balance Sheet Assets By Major Class Net
CapitalLeasesBalanceSheetAssetsByMajorClassNet
400000
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
100000
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
100000
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
100000
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
77000
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
4000
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
381000
CY2016Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
16000
CY2016Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
365000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
22768000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
20564000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
19980000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
19033000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
19528000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
105527000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
207400000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentals
18588000
CY2016Q4 pjt Net Minimum Operating Lease Payments
NetMinimumOperatingLeasePayments
188812000
CY2016 pjt Loss Contingency Expense
LossContingencyExpense
8900000
CY2016 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
5600000
CY2016 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
8900000
CY2016 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
600000
CY2014 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
500000
CY2016 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2016 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2016Q1 us-gaap Revenues
Revenues
115304000
CY2016Q2 us-gaap Revenues
Revenues
89284000
CY2016Q1 us-gaap Costs And Expenses
CostsAndExpenses
112571000
CY2016Q2 us-gaap Costs And Expenses
CostsAndExpenses
99539000
CY2016Q3 us-gaap Costs And Expenses
CostsAndExpenses
123306000
CY2016Q4 us-gaap Costs And Expenses
CostsAndExpenses
149514000
CY2016Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2733000
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-10255000
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1960000
CY2016Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
23982000
CY2016Q1 us-gaap Profit Loss
ProfitLoss
1431000
CY2016Q2 us-gaap Profit Loss
ProfitLoss
-4716000
CY2016Q3 us-gaap Profit Loss
ProfitLoss
-10336000
CY2016Q4 us-gaap Profit Loss
ProfitLoss
18729000
CY2016Q1 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
1176000
CY2016Q2 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-4393000
CY2016Q3 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-625000
CY2016Q4 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
11984000
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
255000
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
-323000
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
-9711000
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
6745000
CY2015Q2 us-gaap Revenues
Revenues
72469000
CY2015Q3 us-gaap Revenues
Revenues
147322000
CY2015Q4 us-gaap Revenues
Revenues
103822000
CY2015Q1 us-gaap Costs And Expenses
CostsAndExpenses
97014000
CY2015Q2 us-gaap Costs And Expenses
CostsAndExpenses
78908000
CY2015Q3 us-gaap Costs And Expenses
CostsAndExpenses
103461000
CY2015Q4 us-gaap Costs And Expenses
CostsAndExpenses
132491000
CY2015Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-14689000
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-6439000
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
43861000
CY2015Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-28669000
CY2015Q1 us-gaap Profit Loss
ProfitLoss
-16107000
CY2015Q2 us-gaap Profit Loss
ProfitLoss
-7023000
CY2015Q3 us-gaap Profit Loss
ProfitLoss
41890000

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