XML 23 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues      
Revenue from Contracts with Customers $ 899,567 $ 798,952 $ 828,635
Total revenues 899,567 798,952 828,635
Operating Expenses      
Compensation and benefits 435,818 400,456 413,166
Distribution, servicing and marketing 24,312 23,170 26,561
Occupancy 21,922 23,319 18,700
Communication and technology 38,138 39,499 37,164
General and administrative 21,053 29,053 28,103
Total operating expenses 541,243 515,497 523,694
Operating Income (Loss), Total 358,324 283,455 304,941
Non-operating income (expense)      
Interest expense (10,804) (11,054) (11,223)
Net investment gain (loss) of consolidated investment products 160 5,101 688
Net gain (loss) on the tax receivable agreements (4,674) (19,557) 251
Total non-operating income (expense) 10,974 (14,189) (3,153)
Income before income taxes 369,298 269,266 301,788
Provision for income taxes 60,795 27,809 47,598
Net income before noncontrolling interests 308,503 241,457 254,190
Less: Net income attributable to noncontrolling interests - Artisan Partners Holdings 81,079 80,055 91,054
Less: Net income attributable to noncontrolling interests - consolidated investment products 14,807 4,866 4,827
Net income attributable to Artisan Partners Asset Management Inc. $ 212,617 $ 156,536 $ 158,309
Basic earnings per share (in dollars per share) $ 3.40 $ 2.65 $ 2.84
Diluted earnings per share (in dollars per share) $ 3.40 $ 2.65 $ 2.84
Basic weighted average number of common shares outstanding 55,633,529 51,127,929 48,862,435
Diluted weighted average number of common shares outstanding 55,637,922 51,127,929 48,862,435
Dividends declared per Class A common share $ 3.39 $ 3.39 $ 3.19
Variable Interest Entity, Primary Beneficiary      
Non-operating income (expense)      
Net investment gain (loss) of consolidated investment products $ 26,147 $ 10,084 $ 5,721
Consolidated Entity Excluding Variable Interest Entities (VIE)      
Non-operating income (expense)      
Net investment gain (loss) of consolidated investment products 305 6,338 2,098
Management fees      
Revenues      
Revenue from Contracts with Customers 884,902 794,338 825,679
Performance fees      
Revenues      
Revenue from Contracts with Customers $ 14,665 $ 4,614 $ 2,956