XML 45 R41.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Computation of basic and diluted net income (loss) per share
The computation of basic and diluted earnings per share under the two-class method for the years ended December 31, 2019, 2018 and 2017 were as follows:
For the Years Ended December 31,
Basic and Diluted Earnings Per Share201920182017
Numerator:
Net income attributable to APAM$156,536  $158,309  $49,599  
Less: Allocation to participating securities21,154  19,447  16,026  
Net income available to common stockholders$135,382  $138,862  $33,573  
Denominator:
Weighted average shares outstanding51,127,929  48,862,435  44,647,318  
Earnings per share$2.65  $2.84  $0.75  
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following table summarizes the weighted-average shares outstanding that are excluded from the calculation of diluted earnings per share because their effect would have been anti-dilutive:
For the Years Ended December 31,
Anti-Dilutive Weighted Average Shares Outstanding201920182017
Holdings limited partnership units21,827,809  23,351,440  26,837,118  
Unvested restricted share-based awards5,026,357  4,813,895  4,153,260  
Total26,854,166  28,165,335  30,990,378