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Stockholders' Equity (Tables) | 3 Months Ended
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Mar. 31, 2020
Stockholders' Equity Note [Abstract] |
Authorized and outstanding equity | APAM had the following authorized and outstanding equity as of March 31, 2020 and December 31, 2019, respectively:
|  |  | Outstanding |  |  |  |  |  |
| Authorized |  | As of March 31, 2020 |  | As of December 31, 2019 |  | Voting Rights (1) |  | Economic Rights
Common shares |  |  |  |  |  |  |  |  |
Class A, par value $0.01 per share | 500,000,000 |  |  | 60,647,331 |  |  | 56,429,825 |  |  | 1 vote per share |  | Proportionate
Class B, par value $0.01 per share | 200,000,000 |  |  | 5,980,743 |  |  | 7,803,364 |  |  | 1 vote per share |  | None
Class C, par value $0.01 per share | 400,000,000 |  |  | 11,962,349 |  |  | 13,568,665 |  |  | 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 March 31, 2020, Artisan’s employees held 5,202,060 restricted shares of Class A common stock and all 5,980,743 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 three months ended March 31, 2020 and 2019:
Type of Dividend |  | Class of Stock |  | For the Three Months Ended March 31, |  |  |  |  |  |
|  |  |  | 2020 |  | 2019 |  |  |  |
Quarterly |  | Class A Common |  | $ | 0.68 |  |  | $ | 0.56 |  |  |  |  |
Special Annual |  | Class A Common |  | $ | 0.60 |  |  | $ | 1.03 |  |  |  |  |
Issuance (Cancellation) of Shares Disclosure | The following table summarizes APAM’s stock transactions for the three months ended March 31, 2020:
| Total Stock Outstanding | Class A Common Stock(1) | Class B Common Stock | Class C Common Stock |  |
Balance at December 31, 2019 | 77,801,854 |  | 56,429,825 |  | 7,803,364 |  | 13,568,665 |  |  |
2020 Follow-On Offering | — |  | 1,802,326 |  | (1,777,326) |  | (25,000) |  |  |
Holdings Common Unit Exchanges | — |  | 1,626,611 |  | (45,295) |  | (1,581,316) |  |  |
Restricted Share Award Grants | 916,085 |  | 916,085 |  | — |  | — |  |  |
Restricted Share Award Net Share Settlement | (126,971) |  | (126,971) |  | — |  | — |  |  |
Delivery of Shares Underlying RSUs | 24,233 |  | 24,233 |  | — |  | — |  |  |
Employee-Partner Terminations | (24,778) |  | (24,778) |  | — |  | — |  |  |
Balance at March 31, 2020 | 78,590,423 |  | 60,647,331 |  | 5,980,743 |  | 11,962,349 |  |  |
(1) There were 304,570 and 297,891 restricted stock units outstanding at March 31, 2020 and December 31, 2019, respectively. In addition, there were 60,000 performance share units outstanding at March 31, 2020. Based on the current status of the market and performance conditions, the 60,000 unvested performance share units would ultimately result in the issuance of 90,000 shares of Class A common stock if all other vesting conditions were met. Restricted stock units and performance share units are not reflected in the table because they are not considered outstanding or issued stock. |  |  |  |  |  |
Distributions Made to Limited Partner, by Distribution | Holdings’ partnership distributions for the three months ended March 31, 2020 and 2019, were as follows:
|  | For the Three Months Ended March 31, |  |  |  |  |  |
|  | 2020 |  | 2019 |  |  |  |
Holdings Partnership Distributions to Limited Partners |  | $ | 17,076 |  |  | $ | 22,591 |  |  |  |  |
Holdings Partnership Distributions to APAM |  | 45,104 |  |  | 53,401 |  |  |  |  |
Total Holdings Partnership Distributions |  | $ | 62,180 |  |  | $ | 75,992 |  |  |  |  |

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