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EARNINGS PER SHARE (Tables) | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Schedule of Antidilutive Securities Excluded from Earnings per Common Unit | The computation of diluted earnings per share excludes the following restricted units and AOG Units as their effect would have been anti-dilutive:
| Three months ended June 30, |  | Six months ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023 |  |
Restricted units | — |  |  | — |  |  | — |  |  | 4,131 |  |  |
AOG Units | — |  |  | 120,137,310 |  |  | — |  |  | 119,391,357 |  |  |
Schedule of the Computation of Basic and Diluted Earnings per Common Unit | The following table presents the computation of basic and diluted earnings per common share:
| Three months ended June 30, |  | Six months ended June 30,
| 2024 |  | 2023 |  | 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 | $ | 94,938 |  |  | $ | 144,514 |  |  | $ | 167,965 |  |  | $ | 238,553 |  |  |
Dividends declared and paid on Class A and non-voting common stock | (185,241) |  |  | (142,220) |  |  | (366,170) |  |  | (280,640) |  |  |
Distributions on unvested restricted units | (7,594) |  |  | (5,316) |  |  | (14,864) |  |  | (10,630) |  |  |
Dividends in excess of earnings available to Class A and non-voting common stockholders | $ | (97,897) |  |  | $ | (3,022) |  |  | $ | (213,069) |  |  | $ | (52,717) |  |  |
Basic weighted-average shares of Class A and non-voting common stock | 196,186,922 |  |  | 182,999,515 |  |  | 194,404,932 |  |  | 180,998,934 |  |  |
Dividends in excess of earnings per share of Class A and non-voting common stock | $ | (0.50) |  |  | $ | (0.02) |  |  | $ | (1.10) |  |  | $ | (0.29) |  |  |
Dividend declared and paid per Class A and non-voting common stock | 0.93 |  |  | 0.77 |  |  | 1.86 |  |  | 1.54 |  |  |
Basic earnings per share of Class A and non-voting common stock | $ | 0.43 |  |  | $ | 0.75 |  |  | $ | 0.76 |  |  | $ | 1.25 |  |  |
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 | $ | 94,938 |  |  | $ | 144,514 |  |  | $ | 167,965 |  |  | $ | 238,553 |  |  |
Distributions on unvested restricted units | (7,594) |  |  | — |  |  | (14,864) |  |  | — |  |  |
Net income available to Class A and non-voting common stockholders | $ | 87,344 |  |  | $ | 144,514 |  |  | $ | 153,101 |  |  | $ | 238,553 |  |  |
Effect of dilutive shares: |  |  |  |  |  |  |  |  |
Restricted units | — |  |  | 8,489,883 |  |  | — |  |  | 7,991,062 |  |  |
Options | — |  |  | 2,568,643 |  |  | — |  |  | 3,171,820 |  |  |
Diluted weighted-average shares of Class A and non-voting common stock | 196,186,922 |  |  | 194,058,041 |  |  | 194,404,932 |  |  | 192,161,816 |  |  |
Diluted earnings per share of Class A and non-voting common stock | $ | 0.43 |  |  | $ | 0.74 |  |  | $ | 0.76 |  |  | $ | 1.24 |  |  |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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