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Unaudited Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue from contract with customers $ 264,351 $ 234,509
Total revenues 264,351 234,509
Operating Expenses    
Compensation and benefits 149,880 131,512
Distribution, servicing and marketing 6,391 5,617
Occupancy 7,281 7,030
Communication and technology 13,502 12,430
General and administrative 9,654 9,613
Total operating expenses 186,708 166,202
Total operating income 77,643 68,307
Non-operating income (expense)    
Interest expense (2,061) (2,056)
Interest income on cash and cash equivalents and other 1,778 524
Total non-operating income (expense) 31,026 22,141
Income before income taxes 108,669 90,448
Provision for income taxes 21,965 18,647
Net income before noncontrolling interests 86,704 71,801
Less: Net income attributable to noncontrolling interests - Artisan Partners Holdings 12,935 12,037
Less: Net income (loss) attributable to noncontrolling interests - consolidated investment products 14,288 9,011
Net income attributable to Artisan Partners Asset Management Inc. $ 59,481 $ 50,753
Basic earnings per share (in dollars per share) $ 0.84 $ 0.72
Diluted earnings per share (in dollars per share) $ 0.84 $ 0.72
Basic weighted average number of common shares outstanding (in shares) 64,319,977 63,231,797
Diluted weighted average number of common shares outstanding (in shares) 64,355,247 63,247,163
Dividends declared per Class A common share (in dollars per share) $ 1.02 $ 0.90
Variable Interest Entity, Primary Beneficiary    
Non-operating income (expense)    
Net investment gain (loss) $ 19,184 $ 14,940
Consolidated Entity Excluding Variable Interest Entities (VIE)    
Non-operating income (expense)    
Net investment gain (loss) 12,125 8,733
Management fees    
Revenue from contract with customers 264,322 234,440
Performance fees    
Revenue from contract with customers $ 29 $ 69