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EARNINGS PER SHARE | 3 Months Ended
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Mar. 31, 2024
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | 10. EARNINGS PER SHARE The Company has Class A and non-voting common stock outstanding. The non-voting common stock has the same economic rights as the Class A common stock; therefore, earnings per share is presented on a combined basis. Income of the Company has been allocated on a proportionate basis to the two common stock classes. Basic earnings per share of Class A and non-voting common stock is computed by using the two-class method. Diluted earnings per share of Class A and non-voting common stock is computed using the more dilutive method of either the two-class method or the treasury stock method. For the three months ended March 31, 2024 and 2023, the two-class method was the more dilutive method. The following table presents the computation of basic and diluted earnings per common share:
| Three months ended March 31, |  |
| 2024 |  | 2023 |  |  |  |  |  |
Basic earnings per share of Class A and non-voting common stock: |  |  |  |  |  |  |  |  |
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders | $ | 73,027 |  |  | $ | 94,039 |  |  |  |  |  |  |
Dividends declared and paid on Class A and non-voting common stock | (180,929) |  |  | (138,420) |  |  |  |  |  |  |
Distributions on unvested restricted units | (7,272) |  |  | (5,314) |  |  |  |  |  |  |
Dividends in excess of earnings available to Class A and non-voting common stockholders | $ | (115,174) |  |  | $ | (49,695) |  |  |  |  |  |  |
Basic weighted-average shares of Class A and non-voting common stock | 192,622,609 |  |  | 178,976,022 |  |  |  |  |  |  |
Dividends in excess of earnings per share of Class A and non-voting common stock | $ | (0.60) |  |  | $ | (0.28) |  |  |  |  |  |  |
Dividend declared and paid per Class A and non-voting common stock | 0.93 |  |  | 0.77 |  |  |  |  |  |  |
Basic earnings per share of Class A and non-voting common stock | $ | 0.33 |  |  | $ | 0.49 |  |  |  |  |  |  |
Diluted earnings per share of Class A and non-voting common stock: |  |  |  |  |  |  |  |  |
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders | $ | 73,027 |  |  | $ | 94,039 |  |  |  |  |  |  |
Distributions on unvested restricted units | (7,272) |  |  | (5,314) |  |  |  |  |  |  |
Net income available to Class A and non-voting common stockholders | $ | 65,755 |  |  | $ | 88,725 |  |  |  |  |  |  |
Effect of dilutive shares: |  |  |  |  |  |  |  |  |
Restricted units | — |  |  | — |  |  |  |  |  |  |
Options | — |  |  | — |  |  |  |  |  |  |
Diluted weighted-average shares of Class A and non-voting common stock | 192,622,609 |  |  | 178,976,022 |  |  |  |  |  |  |
Diluted earnings per share of Class A and non-voting common stock | $ | 0.33 |  |  | $ | 0.49 |  |  |  |  |  |  |

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