XML 35 R32.htm IDEA: XBRL DOCUMENT
v3.20.1

Income Taxes and Related Payments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2020
Income Tax Disclosure [Abstract] |
Components of the provision for income taxes | Components of the provision for income taxes consist of the following:
| For the Three Months Ended March 31, |  |  |  |  |  |
| 2020 |  | 2019 |  |  |  |
Current: |  |  |  |  |  |  |
Federal | $ | 1,593 |  |  | $ | 1,313 |  |  |  |  |
State and local | 868 |  |  | 515 |  |  |  |  |
Foreign | 109 |  |  | 121 |  |  |  |  |
Total | 2,570 |  |  | 1,949 |  |  |  |  |
Deferred: |  |  |  |  |  |  |
Federal | 5,898 |  |  | 6,696 |  |  |  |  |
State and local | 983 |  |  | 797 |  |  |  |  |
Total | 6,881 |  |  | 7,493 |  |  |  |  |
Income tax expense | $ | 9,451 |  |  | $ | 9,442 |  |  |  |  |
Schedule of Other Assets and Other Liabilities | The change in the Company’s deferred tax assets related to the tax benefits described above and the change in corresponding amounts payable under the TRAs for the three months ended March 31, 2020 is summarized as follows:
| Deferred Tax Asset - Amortizable basis |  | Amounts payable under tax receivable agreements
December 31, 2019 | $ | 408,140 |  |  | $ | 375,324 |
2020 Follow-On Offering | 21,424 |  |  | 18,211 |
2020 Holdings Common Unit Exchanges | 14,873 |  |  | 12,642 |
Amortization | (8,687) |  |  | — |
March 31, 2020 | $ | 435,750 |  |  | $ | 406,177 |
Components of deferred tax assets | Net deferred tax assets comprise the following:
| As of March 31, 2020 |  | As of December 31, 2019
Deferred tax assets: |  |  |
Amortizable basis (1) | $ | 435,750 |  |  | $ | 408,140 |
Other (2) | 31,223 |  |  | 27,757 |
Total deferred tax assets | 466,973 |  |  | 435,897 |
Less: valuation allowance (3) | — |  |  | — |
Net deferred tax assets | $ | 466,973 |  |  | $ | 435,897 |
(1) Represents the unamortized step-up of tax basis and other tax attributes from the merger and partnership unit sales and exchanges described above. These future tax benefits are subject to the TRA agreements. |  |  |
(2) Represents the net deferred tax assets associated with the merger described above and other miscellaneous deferred tax assets. These future tax benefits are not subject to the TRA agreements. |  |  |
(3) Artisan assessed whether the deferred tax assets would be realizable and determined based on its history of taxable income that the benefits would more likely than not be realized. Accordingly, no valuation allowance is required. |  |  |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, classified as other. + References No definition available. + Details
Name: | us-gaap_ScheduleOfOtherAssetsAndOtherLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration