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Revenue from Contract with Customer (Notes)

12 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Text Block]

Note 9. Revenue From Contracts with Customers

The following table presents a disaggregation of revenue by type and vehicle for the years ended December 31, 2019, 2018 and 2017:

			For the Years Ended December 31,
			2019						2018						2017
Management fees
Artisan Funds			$	452,504					$	487,041					$	472,502
Artisan Global Funds			32,332						35,007						30,107
Separate accounts(1)			309,502						303,631						292,667
Performance fees
Separate accounts(1)			4,614						2,956						348
Total revenues(2)			$	798,952					$	828,635					$	795,624
(1) Separate account revenue consists of management fees and performance fees earned from vehicles other than Artisan Funds or Artisan Global Funds, which includes traditional separate accounts, Artisan-branded collective investment trusts and funds (both public and private) that Artisan advises, including Artisan Private Funds.
(2) All management fees and performance fees from consolidated investment products were eliminated upon consolidation and therefore are omitted from this table.

The following table presents the balances of receivables related to contracts with customers:

			December 31, 2019						December 31, 2018
Customer
Artisan Funds			$	6,703					$	5,418
Artisan Global Funds			3,588						417
Separate accounts			69,413						59,787
Total receivables from contracts with customers			$	79,704					$	65,622
Non-customer receivables			2,164						2,069
Accounts receivable			$	81,868					$	67,691

Artisan Funds and Artisan Global Funds are billed on the last day of each month. Artisan Funds and Artisan Global Funds make payments on the same day the invoice is received for the majority of the invoiced amount. The remainder of the invoice is generally paid in the month following receipt of the invoice. Separate account clients are generally billed on a monthly or quarterly basis, with payments due within 30 days of billing.

Artisan had no other contract assets or liabilities from contracts with customers as of December 31, 2019 or December 31, 2018.

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- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

+ Details

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