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ASSET MANAGEMENT REVENUES
 9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
ASSET MANAGEMENT REVENUES ASSET MANAGEMENT REVENUES
 
The following table presents the composition of asset management revenues earned primarily by Sculptor:
Three Months Ended
September 30,		Nine Months Ended
September 30,
20242024
Management fees$57,487 $174,477 
Incentive income23,552 86,946 
Other asset management income— 4,909 
Total Asset Management Revenues$81,039 $266,332 

The following table presents the composition of the Company’s income and fees receivable primarily through Sculptor:
September 30, 2024December 31, 2023
Management fees receivable$25,432 $23,757 
Incentive income receivable7,958 35,377 
Total Income and Fees Receivable$33,390 $59,134 

The Company recognizes management fees over the period in which the performance obligation is satisfied, and such management fees are generally recognized at the end of each reporting period. The Company records incentive income when it is probable that a significant reversal of income will not occur. The majority of management fees and incentive income receivable at each balance sheet date is generally collected during the following quarter.

The following table presents the Company’s unearned income and fees primarily through Sculptor:
September 30, 2024December 31, 2023
Unearned management fees$972 $1 
Unearned incentive income20,783 37,467 
Total Unearned Income and Fees$21,755 $37,468 
A liability for unearned incentive income is generally recognized when Sculptor receives incentive income distributions from its funds, primarily its real estate funds, whereby the distributions received have not yet met the recognition threshold of it being probable that a significant reversal of cumulative revenue will not occur. A liability for unearned management fees is generally recognized when management fees are paid to Sculptor on a quarterly basis in advance, based on the amount of assets under management (“AUM”) at the beginning of the quarter.