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Revenue from Contracts with Customers | 3 Months Ended
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Mar. 31, 2020
Revenue from Contract with Customer [Abstract] |
Revenue From Contracts with Customers | Note 9. Revenue From Contracts with Customers Disaggregated Revenue The following table presents a disaggregation of revenue by type and vehicle for the three months ended March 31, 2020 and 2019:
| For the Three Months Ended March 31, |  |  |  |  |  |
| 2020 |  | 2019 |  |  |  |
Management fees |  |  |  |  |  |  |
Artisan Funds | $ | 114,679 |  |  | $ | 106,180 |  |  |  |  |
Artisan Global Funds | 8,116 |  |  | 8,135 |  |  |  |  |
Separate accounts(1) | 77,109 |  |  | 72,549 |  |  |  |  |
Performance fees |  |  |  |  |  |  |
Separate accounts(1) | 2,932 |  |  | 98 |  |  |  |  |
Total revenues(2) | $ | 202,836 |  |  | $ | 186,962 |  |  |  |  |
(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. |  |  |  |  |  |  |
Performance fees are subject to the uncertainty of market volatility, and as a result, the entire amount of the variable consideration related to performance fees is constrained until the end of each measurement period. At the end of the quarterly or annual measurement period, revenue is recorded for the actual amount of performance fees earned during that period because the uncertainty has been resolved. For performance fees with annual measurement periods, revenue recognized in the current quarter relates to performance obligations that were partially satisfied in prior periods. The following table presents the balances of receivables related to contracts with customers:
| As of March 31, 2020 |  | As of December 31, 2019
Customer |  |  |
Artisan Funds | $ | 5,216 |  |  | $ | 6,703 |
Artisan Global Funds | 2,742 |  |  | 3,588 |
Separate accounts | 70,410 |  |  | 69,413 |
Total receivables from contracts with customers | $ | 78,368 |  |  | $ | 79,704 |
Non-customer receivables | 18,344 |  |  | 2,164 |
Accounts receivable | $ | 96,712 |  |  | $ | 81,868 |
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 March 31, 2020 or December 31, 2019.

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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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