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Stockholders' Equity (Tables) | 12 Months Ended
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Dec. 31, 2019
Equity [Abstract] |
Authorized and outstanding equity | APAM had the following authorized and outstanding equity as of December 31, 2019 and 2018, respectively:
|  |  | Outstanding |  |  |  |  |  |
| Authorized |  | December 31, 2019 |  | December 31, 2018 |  | Voting Rights (1) |  | Economic Rights
Common shares |  |  |  |  |  |  |  |  |
Class A, par value $0.01 per share | 500,000,000 |  |  | 56,429,825 |  |  | 54,071,188 |  |  | 1 vote per share |  | Proportionate
Class B, par value $0.01 per share | 200,000,000 |  |  | 7,803,364 |  |  | 8,645,249 |  |  | 1 vote per share |  | None
Class C, par value $0.01 per share | 400,000,000 |  |  | 13,568,665 |  |  | 14,226,435 |  |  | 1 vote per share |  | None
(1) The Company’s employees to whom Artisan has granted equity have entered into a stockholders agreement with respect to all shares of APAM common stock they have acquired from the Company and any shares they may acquire from the Company in the future, pursuant to which they granted an irrevocable voting proxy to a Stockholders Committee. As of December 31, 2019, Artisan’s employees held 4,898,297 restricted shares of Class A common stock and all 7,803,364 outstanding shares of Class B common stock, all of which were subject to the agreement. |  |  |  |  |  |  |  |  |
Dividends Declared | APAM declared and paid the following dividends per share during the years ended December 31, 2019, 2018 and 2017:
Type of Dividend |  | Class of Stock |  | For the Years Ended December 31, |  |  |  |
|  |  |  | 2019 |  | 2018 |  | 2017
Quarterly |  | Common Class A |  | $ | 2.36 |  |  | $ | 2.40 |  |  | $ | 2.40 |
Special Annual |  | Common Class A |  | $ | 1.03 |  |  | $ | 0.79 |  |  | $ | 0.36 |
Schedule of Stock by Class | The following table summarizes APAM’s stock transactions for the years ended December 31, 2019, 2018 and 2017:
| Total Stock Outstanding | Class A Common Stock(1) | Class B Common Stock | Class C Common Stock
Balance at January 1, 2017 | 74,354,869 |  | 42,149,436 |  | 15,142,049 |  | 17,063,384 |
2017 Follow-On Offering | — |  | 5,626,517 |  | (2,104,517) |  | (3,522,000) |
Holdings Common Unit Exchanges | — |  | 1,472,197 |  | (1,048,917) |  | (423,280) |
Restricted Share Award Grants | 1,267,250 |  | 1,267,250 |  | — |  | — |
Restricted Share Award Net Share Settlement | (48,646) |  | (48,646) |  | — |  | — |
Employee/Partner Terminations | (3,628) |  | (3,628) |  | (66,423) |  | 66,423 |
Balance at December 31, 2017 | 75,569,845 |  | 50,463,126 |  | 11,922,192 |  | 13,184,527 |
2018 Follow-On Offering | — |  | 644,424 |  | (644,424) |  | — |
Holdings Common Unit Exchanges | — |  | 1,590,611 |  | (606,066) |  | (984,545) |
Restricted Share Award Grants | 1,517,724 |  | 1,517,724 |  | — |  | — |
Restricted Share Award Net Share Settlement | (77,442) |  | (77,442) |  | — |  | — |
Employee/Partner Terminations | (67,255) |  | (67,255) |  | (2,026,453) |  | 2,026,453 |
Balance at December 31, 2018 | 76,942,872 |  | 54,071,188 |  | 8,645,249 |  | 14,226,435 |
Holdings Common Unit Exchanges | — |  | 1,499,655 |  | (841,885) |  | (657,770) |
Restricted Share Award Grants | 959,000 |  | 959,000 |  | — |  | — |
Restricted Share Award Net Share Settlement | (82,729) |  | (82,729) |  | — |  | — |
Employee/Partner Terminations | (17,289) |  | (17,289) |  | — |  | — |
Balance at December 31, 2019 | 77,801,854 |  | 56,429,825 |  | 7,803,364 |  | 13,568,665 |
(1) There were 297,891, 246,581, and 178,401 restricted stock units outstanding at December 31, 2019, 2018, and 2017, respectively. Restricted stock units are not reflected in the table because they are not considered outstanding or issued stock. |  |  |  |
Distributions | Holdings’ partnership distributions for the years ended December 31, 2019, 2018 and 2017 were as follows:
| For the Years Ended December 31, |  |  |  |
| 2019 |  | 2018 |  | 2017
Holdings Partnership Distributions to Limited Partners | $ | 94,842 |  |  | $ | 103,434 |  |  | $ | 115,804 |
Holdings Partnership Distributions to APAM | 226,245 |  |  | 217,396 |  |  | 197,070 |
Total Holdings Partnership Distributions | $ | 321,087 |  |  | $ | 320,830 |  |  | $ | 312,874 |

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