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Unaudited Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue from contract with customer $ 234,509 $ 281,598
Total revenues 234,509 281,598
Operating Expenses    
Compensation and benefits 131,512 139,932
Distribution, servicing and marketing 5,617 7,061
Occupancy 7,030 6,582
Communication and technology 12,430 12,334
General and administrative 9,613 8,698
Total operating expenses 166,202 174,607
Total operating income 68,307 106,991
Non-operating income (expense)    
Interest expense (2,056) (2,686)
Net gain (loss) on the tax receivable agreements 0 482
Total non-operating income (expense) 22,141 (5,768)
Income before income taxes 90,448 101,223
Provision for income taxes 18,647 18,786
Net income before noncontrolling interests 71,801 82,437
Less: Net income attributable to noncontrolling interests - Artisan Partners Holdings 12,037 15,615
Less: Net income (loss) attributable to noncontrolling interests - consolidated investment products 9,011 1,389
Net income attributable to Artisan Partners Asset Management Inc. $ 50,753 $ 65,433
Basic earnings per share (in dollars per share) $ 0.72 $ 0.90
Diluted earnings per share (in dollars per share) $ 0.72 $ 0.90
Basic weighted average number of common shares outstanding (in shares) 63,231,797 62,039,038
Diluted weighted average number of common shares outstanding (in shares) 63,247,163 62,070,360
Dividends declared per Class A common share (in dollars per share) $ 0.90 $ 1.75
Variable Interest Entity, Primary Beneficiary    
Non-operating income (expense)    
Other net investment gain (loss) $ 14,940 $ 1,188
Consolidated Entity, Excluding VIE    
Non-operating income (expense)    
Other net investment gain (loss) 9,257 (4,752)
Management fees    
Revenue from contract with customer 234,440 281,406
Performance fees    
Revenue from contract with customer $ 69 $ 192