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Unaudited Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue from contract with customer $ 281,598 $ 290,677
Total revenues 281,598 290,677
Operating Expenses    
Compensation and benefits 139,932 139,465
Distribution, servicing and marketing 7,061 7,580
Occupancy 6,582 5,192
Communication and technology 11,758 9,856
General and administrative 9,274 6,775
Total operating expenses 174,607 168,868
Total operating income 106,991 121,809
Non-operating income (expense)    
Interest expense (2,686) (2,685)
Net gain (loss) on the tax receivable agreements 482 0
Total non-operating income (expense) (5,768) 4,427
Income before income taxes 101,223 126,236
Provision for income taxes 18,786 21,618
Net income before noncontrolling interests 82,437 104,618
Less: Net income attributable to noncontrolling interests - Artisan Partners Holdings 15,615 23,641
Less: Net income (loss) attributable to noncontrolling interests - consolidated investment products 1,389 3,699
Net income attributable to Artisan Partners Asset Management Inc. $ 65,433 $ 77,278
Basic earnings per share (in dollars per share) $ 0.90 $ 1.19
Diluted earnings per share (in dollars per share) $ 0.90 $ 1.19
Basic weighted average number of common shares outstanding (in shares) 62,039,038 58,758,284
Diluted weighted average number of common shares outstanding (in shares) 62,070,360 58,773,269
Dividends declared per Class A common share (in dollars per share) $ 1.75 $ 1.28
Variable Interest Entity, Primary Beneficiary    
Non-operating income (expense)    
Net investment gain (loss) $ 1,188 $ 6,916
Consolidated Entity, Excluding VIE    
Non-operating income (expense)    
Net investment gain (loss) (4,752) 196
Management fees    
Revenue from contract with customer 281,406 283,965
Performance fees    
Revenue from contract with customer $ 192 $ 6,712