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Income Taxes and Related Payments (Tables)
 9 Months Ended
Sep. 30, 2022
Income Tax Disclosure [Abstract]  
Components of the provision for income taxes Components of the provision for income taxes consist of the following:
 For the Three Months Ended September 30, For the Nine Months Ended September 30,
2022202120222021
Current:
Federal$5,934 $15,097 $19,606 $38,414 
State and local1,380 4,339 5,051 10,906 
Foreign129 152 407 406 
Total7,443 19,588 25,064 49,726 
Deferred:
Federal6,212 7,198 18,458 24,155 
State and local1,095 1,268 3,239 4,256 
Total7,307 8,466 21,697 28,411 
Income tax expense (benefit)$14,750 $28,054 $46,761 $78,137 
Schedule of Other Assets and Other Liabilities The change in the Company’s deferred tax assets related to the tax benefits described above and the change in corresponding amounts payable under the TRAs for the nine months ended September 30, 2022 is summarized as follows:
Deferred Tax Asset - Amortizable BasisAmounts Payable Under TRAs
December 31, 2021$459,893 $425,427 
2022 Holdings Common Unit Exchanges
8,050 6,842 
Amortization(31,581)— 
Payments under TRAs— (33,109)
Change in estimate10 (913)
September 30, 2022$436,372 $398,247 
Components of deferred tax assets Net deferred tax assets comprise the following:
As of September 30, 2022As of December 31, 2021
Deferred tax assets:
Amortizable basis (1)
$436,372 $459,893 
Other (2)
48,384 38,009 
Total deferred tax assets484,756 497,902 
Less: valuation allowance (3)
— — 
Net deferred tax assets$484,756 $497,902 
(1) Represents the unamortized step-up of tax basis and other tax attributes from the merger and partnership unit sales and exchanges described above. These future tax benefits are subject to the TRA agreements.
(2) Represents the net deferred tax assets associated with the merger described above and other miscellaneous deferred tax assets. These future tax benefits are not subject to the TRA agreements.
(3) Artisan assessed whether the deferred tax assets would be realizable and determined based on its history of taxable income that the benefits would more likely than not be realized. Accordingly, no valuation allowance is required.