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Unaudited Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue from contract with customer $ 304,949 $ 202,942 $ 595,626 $ 405,778
Total revenues 304,949 202,942 595,626 405,778
Operating Expenses        
Compensation and benefits 138,013 102,204 277,478 206,921
Distribution, servicing and marketing 7,996 5,355 15,576 10,903
Occupancy 5,508 5,213 10,700 10,402
Communication and technology 10,421 9,682 20,277 18,887
General and administrative 5,208 3,861 11,983 11,078
Total operating expenses 167,146 126,315 336,014 258,191
Total operating income 137,803 76,627 259,612 147,587
Non-operating income (expense)        
Interest expense (2,720) (2,715) (5,405) (5,400)
Total non-operating income (expense) 9,543 11,336 13,970 (6,530)
Income before income taxes 147,346 87,963 273,582 141,057
Provision for income taxes 28,465 16,256 50,083 25,707
Net income before noncontrolling interests 118,881 71,707 223,499 115,350
Less: Net income attributable to noncontrolling interests - Artisan Partners Holdings 25,627 18,132 49,268 34,244
Less: Net income (loss) attributable to noncontrolling interests - consolidated investment products 5,047 7,424 8,746 130
Net income attributable to Artisan Partners Asset Management Inc. $ 88,207 $ 46,151 $ 165,485 $ 80,976
Basic earnings per share (in dollars per share) $ 1.33 $ 0.72 $ 2.54 $ 1.26
Diluted earnings per share (in dollars per share) $ 1.33 $ 0.72 $ 2.54 $ 1.26
Basic weighted average number of common shares outstanding (in shares) 59,821,804 55,884,366 59,292,982 54,574,923
Diluted weighted average number of common shares outstanding (in shares) 59,838,374 55,884,366 59,308,759 54,574,923
Dividends declared per Class A common share (in dollars per share) $ 0.88 $ 0.61 $ 2.16 $ 1.89
Variable Interest Entity, Primary Beneficiary        
Non-operating income (expense)        
Net investment gain (loss) $ 8,328 $ 12,877 $ 15,244 $ (47)
Consolidated Entity, Excluding VIE        
Non-operating income (expense)        
Net investment gain (loss) 3,935 1,174 4,131 (1,083)
Management fees        
Revenue from contract with customer 300,870 194,927 584,835 394,831
Performance fees        
Revenue from contract with customer $ 4,079 $ 8,015 $ 10,791 $ 10,947