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Unaudited Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Total revenues $ 200,727 $ 212,296 $ 387,689 $ 424,304
Operating Expenses        
Compensation and benefits 101,486 106,744 200,768 211,968
Distribution, servicing and marketing 5,836 6,847 11,239 13,856
Occupancy 5,341 4,302 12,908 8,227
Communication and technology 10,269 8,966 19,697 17,626
General and administrative 6,937 6,560 14,487 13,764
Total operating expenses 129,869 133,419 259,099 265,441
Total operating income 70,858 78,877 128,590 158,863
Non-operating income (expense)        
Interest expense (2,827) (2,846) (5,602) (5,622)
Net investment gain (loss) of consolidated investment products 2,043 2,941 4,389 9,226
Other investment gain (loss) 1,383 660 3,340 1,114
Total non-operating income (expense) 599 755 2,127 4,718
Income before income taxes 71,457 79,632 130,717 163,581
Provision for income taxes 11,484 11,987 20,926 24,272
Net income before noncontrolling interests 59,973 67,645 109,791 139,309
Less: Net income attributable to noncontrolling interests - Artisan Partners Holdings 19,795 23,307 37,104 49,359
Less: Net income attributable to noncontrolling interests - consolidated investment products 990 2,332 1,960 6,670
Net income attributable to Artisan Partners Asset Management Inc. $ 39,188 $ 42,006 $ 70,727 $ 83,280
Earnings (loss) per share        
Basic and diluted earnings per share $ 0.66 $ 0.72 $ 1.15 $ 1.48
Weighted average number of common shares outstanding        
Basic and Diluted Weighted Average Number of Shares Outstanding 51,242,911 49,041,113 50,697,329 48,205,418
Dividends declared per Class A common share $ 0.55 $ 0.60 $ 2.14 $ 1.99
Management fees        
Total revenues $ 196,400 $ 210,029 $ 383,264 $ 421,995
Performance fees        
Total revenues $ 4,327 $ 2,267 $ 4,425 $ 2,309