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EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 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 three and nine months ended September 30, 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 September 30,Nine months ended September 30,
2024202320242023
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$118,460 $61,823 $286,425 $300,376 
Dividends declared and paid on Class A and non-voting common stock(187,696)(144,623)(553,867)(425,263)
Distributions on unvested restricted units(7,829)(5,337)(22,692)(15,969)
Dividends in excess of earnings available to Class A and non-voting common stockholders$(77,065)$(88,137)$(290,134)$(140,856)
Basic weighted-average shares of Class A and non-voting common stock200,724,068 186,218,638 196,526,832 182,757,955 
Dividends in excess of earnings per share of Class A and non-voting common stock$(0.38)$(0.47)$(1.48)$(0.77)
Dividend declared and paid per Class A and non-voting common stock0.93 0.77 2.79 2.31 
Basic earnings per share of Class A and non-voting common stock$0.55 $0.30 $1.31 $1.54 
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$118,460 $61,823 $286,425 $300,376 
Distributions on unvested restricted units(7,829)(5,337)(22,692)(15,969)
Net income available to Class A and non-voting common stockholders$110,631 $56,486 $263,733 $284,407 
Diluted weighted-average shares of Class A and non-voting common stock200,724,068 186,218,638 196,526,832 182,757,955 
Diluted earnings per share of Class A and non-voting common stock$0.55 $0.30 $1.31 $1.54