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Unaudited Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue from contract with customer $ 251,388 $ 304,949 $ 532,986 $ 595,626
Total revenues 251,388 304,949 532,986 595,626
Operating Expenses        
Compensation and benefits 127,394 138,013 267,326 277,478
Distribution, servicing and marketing 6,298 7,996 13,359 15,576
Occupancy 6,698 5,508 13,280 10,700
Communication and technology 12,130 10,421 23,888 20,277
General and administrative 10,460 5,208 19,734 11,983
Total operating expenses 162,980 167,146 337,587 336,014
Total operating income 88,408 137,803 195,399 259,612
Non-operating income (expense)        
Interest expense (2,739) (2,720) (5,425) (5,405)
Net gain (loss) on the tax receivable agreements 0 0 482 0
Total non-operating income (expense) (28,010) 9,543 (33,778) 13,970
Income before income taxes 60,398 147,346 161,621 273,582
Provision for income taxes 13,225 28,465 32,011 50,083
Net income before noncontrolling interests 47,173 118,881 129,610 223,499
Less: Net income attributable to noncontrolling interests - Artisan Partners Holdings 10,536 25,627 26,151 49,268
Less: Net income (loss) attributable to noncontrolling interests - consolidated investment products (7,642) 5,047 (6,253) 8,746
Net income attributable to Artisan Partners Asset Management Inc. $ 44,279 $ 88,207 $ 109,712 $ 165,485
Basic earnings per share (in dollars per share) $ 0.62 $ 1.33 $ 1.52 $ 2.54
Diluted earnings per share (in dollars per share) $ 0.62 $ 1.33 $ 1.52 $ 2.54
Basic weighted average number of common shares outstanding (in shares) 62,320,372 59,821,804 62,180,483 59,292,982
Diluted weighted average number of common shares outstanding (in shares) 62,350,383 59,838,374 62,211,148 59,308,759
Dividends declared per Class A common share (in dollars per share) $ 0.76 $ 0.88 $ 2.51 $ 2.16
Variable Interest Entity, Primary Beneficiary        
Non-operating income (expense)        
Net investment gain (loss) $ (11,857) $ 8,328 $ (10,669) $ 15,244
Consolidated Entity, Excluding VIE        
Non-operating income (expense)        
Net investment gain (loss) (13,414) 3,935 (18,166) 4,131
Management fees        
Revenue from contract with customer 251,304 300,870 532,710 584,835
Performance fees        
Revenue from contract with customer $ 84 $ 4,079 $ 276 $ 10,791