XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Unaudited Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenue from Contract with Customer $ 290,677 $ 202,836
Total revenues 290,677 202,836
Operating Expenses    
Compensation and benefits 139,465 104,717
Distribution, servicing and marketing 7,580 5,548
Occupancy 5,192 5,189
Communication and technology 9,856 9,205
General and administrative 6,775 7,217
Total operating expenses 168,868 131,876
Total operating income 121,809 70,960
Non-operating income (expense)    
Interest expense (2,685) (2,685)
Total non-operating income (expense) 4,427 (17,866)
Income before income taxes 126,236 53,094
Provision for income taxes 21,618 9,451
Net income before noncontrolling interests 104,618 43,643
Less: Net income attributable to noncontrolling interests - Artisan Partners Holdings 23,641 16,112
Less: Net income (loss) attributable to noncontrolling interests - consolidated investment products 3,699 (7,294)
Net income attributable to Artisan Partners Asset Management Inc. $ 77,278 $ 34,825
Basic earnings per share (in dollars per share) $ 1.19 $ 0.53
Diluted earnings per share (in dollars per share) $ 1.19 $ 0.53
Basic weighted average number of common shares outstanding 58,758,284 53,265,479
Diluted weighted average number of common shares outstanding 58,773,269 53,265,479
Dividends declared per Class A common share (in dollars per share) $ 1.28 $ 1.28
Variable Interest Entity, Primary Beneficiary    
Non-operating income (expense)    
Net investment gain (loss) $ 6,916 $ (12,924)
Consolidated Entity, Excluding VIE    
Non-operating income (expense)    
Net investment gain (loss) 196 (2,257)
Management fees    
Revenue from Contract with Customer 283,965 199,904
Performance fees    
Revenue from Contract with Customer $ 6,712 $ 2,932