XML 92 R36.htm IDEA: XBRL DOCUMENT

Noncontrolling Interest - Holdings (Tables)

12 Months Ended

Dec. 31, 2019

Result of Increased Equity Ownership Interest in Holdings

For the years ended December 31, 2019, 2018 and 2017, APAM’s equity ownership interest in Holdings has increased as a result of the following transactions:


	Holdings GP Units	Limited Partnership Units	Total	APAM Ownership %
Balance at January 1, 2017	42,149,436	32,205,433	74,354,869	57	%
Issuance of APAM Restricted Shares, Net	1,218,604	—	1,218,604	1	%
2017 Follow-On Offering	5,626,517	(5,626,517)	—	7	%
Holdings Common Unit Exchanges	1,472,197	(1,472,197)	—	2	%
Forfeitures from Employee Terminations ⁽¹⁾	(3,628)	—	(3,628)	—	%
Balance at December 31, 2017	50,463,126	25,106,719	75,569,845	67	%
Issuance of APAM Restricted Shares, Net⁽¹⁾	1,440,282	—	1,440,282	—	%
2018 Follow-On Offering	644,424	(644,424)	—	1	%
Holdings Common Unit Exchanges	1,590,611	(1,590,611)	—	2	%
Forfeitures from Employee Terminations ⁽¹⁾	(67,255)	—	(67,255)	—	%
Balance at December 31, 2018	54,071,188	22,871,684	76,942,872	70	%
Issuance of APAM Restricted Shares, Net⁽¹⁾	876,271	—	876,271	—	%

Holdings Common Unit Exchanges	1,499,655	(1,499,655)	—	3	%
Forfeitures from Employee Terminations⁽¹⁾	(17,289)	—	(17,289)	—	%
Balance at December 31, 2019	56,429,825	21,372,029	77,801,854	73	%
⁽¹⁾The impact of the transaction on APAM’s ownership percentage was less than 1%.

Impact of the Reallocation of Equity

The reallocation of equity had the following impact on the Consolidated Statements of Financial Condition:


Statement of Financial Condition	For the Years Ended December 31,
			2019			2018
Additional paid-in capital	$	(3,533)		$	(4,878)
Noncontrolling interest - Artisan Partners Holdings	3,584			4,923
Accumulated other comprehensive income (loss)	(51)			(45)
Net impact to financial condition	$	—		$	—