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Unaudited Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Total revenues $ 202,836 $ 186,962
Operating Expenses    
Compensation and benefits 104,717 99,282
Distribution, servicing and marketing 5,548 5,403
Occupancy 5,189 7,567
Communication and technology 9,205 9,428
General and administrative 7,217 7,550
Total operating expenses 131,876 129,230
Total operating income 70,960 57,732
Non-operating income (expense)    
Interest expense (2,685) (2,775)
Net investment gain (loss) of consolidated investment products (12,924) 2,346
Other net investment gain (loss) (2,257) 1,957
Total non-operating income (expense) (17,866) 1,528
Income before income taxes 53,094 59,260
Provision for income taxes 9,451 9,442
Net income before noncontrolling interests 43,643 49,818
Less: Net income attributable to noncontrolling interests - Artisan Partners Holdings 16,112 17,309
Less: Net income (loss) attributable to noncontrolling interests - consolidated investment products (7,294) 970
Net income attributable to Artisan Partners Asset Management Inc. $ 34,825 $ 31,539
Basic and diluted earnings per share (in dollars per share) $ 0.53 $ 0.47
Basic and diluted weighted average number of common share outstanding (in shares) 53,265,479 50,145,684
Dividends declared per Class A common share (in dollars per share) $ 1.28 $ 1.59
Management fees    
Total revenues $ 199,904 $ 186,864
Performance fees    
Total revenues $ 2,932 $ 98