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Stockholders' Equity (Tables) | 6 Months Ended
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Jun. 30, 2020
Stockholders' Equity Note [Abstract] |
Authorized and outstanding equity | APAM had the following authorized and outstanding equity as of June 30, 2020 and December 31, 2019, respectively:
|  |  | Outstanding |  |  |  |  |  |
| Authorized |  | As of June 30, 2020 |  | As of December 31, 2019 |  | Voting Rights (1) |  | Economic Rights
Common shares |  |  |  |  |  |  |  |  |
Class A, par value $0.01 per share | 500,000,000 |  |  | 61,354,644 |  |  | 56,429,825 |  |  | 1 vote per share |  | Proportionate
Class B, par value $0.01 per share | 200,000,000 |  |  | 5,589,292 |  |  | 7,803,364 |  |  | 1 vote per share |  | None
Class C, par value $0.01 per share | 400,000,000 |  |  | 11,631,164 |  |  | 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 June 30, 2020, Artisan’s employees held 5,186,737 restricted shares of Class A common stock and all 5,589,292 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 and six months ended June 30, 2020 and 2019:
Type of Dividend |  | Class of Stock |  | For the Three Months Ended June 30, |  |  |  | For the Six Months Ended June 30, |  |
|  |  |  | 2020 |  | 2019 |  | 2020 |  | 2019
Quarterly |  | Class A Common |  | $ | 0.61 |  |  | $ | 0.55 |  |  | $ | 1.29 |  |  | $ | 1.11 |
Special Annual |  | Class A Common |  | $ | — |  |  | $ | — |  |  | $ | 0.60 |  |  | $ | 1.03 |
Issuance (Cancellation) of Shares Disclosure | The following table summarizes APAM’s stock transactions for the six months ended June 30, 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 | — |  | 2,349,247 |  | (403,941) |  | (1,945,306) |  |  |
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 | (40,101) |  | (40,101) |  | (32,805) |  | 32,805 |  |  |
Balance at June 30, 2020 | 78,575,100 |  | 61,354,644 |  | 5,589,292 |  | 11,631,164 |  |  |
(1) There were 304,570 and 297,891 restricted stock units outstanding at June 30, 2020 and December 31, 2019, respectively. In addition, there were 60,000 performance share units outstanding at June 30, 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 and six months ended June 30, 2020 and 2019, were as follows:
|  | For the Three Months Ended June 30, |  |  |  | For the Six Months Ended June 30, |  |
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Holdings Partnership Distributions to Limited Partners |  | $ | 22,246 |  |  | $ | 25,733 |  |  | $ | 39,322 |  |  | $ | 48,324 |
Holdings Partnership Distributions to APAM |  | 66,251 |  |  | 59,483 |  |  | 111,355 |  |  | 112,884 |
Total Holdings Partnership Distributions |  | $ | 88,497 |  |  | $ | 85,216 |  |  | $ | 150,677 |  |  | $ | 161,208 |

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- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644 + Details
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