XML 44 R33.htm IDEA: XBRL DOCUMENT v3.24.2
Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic, by Common Class, Including Two Class Method
The computation of basic and diluted earnings per share for the three and six months ended June 30, 2024 and 2023 were as follows:
For the Three Months Ended June 30,For the Six Months Ended June 30,
Basic and Diluted Earnings Per Share2024202320242023
Numerator:
Net income attributable to APAM$57,574 $53,625 $117,055 $104,378 
Less: Allocation to participating securities5,435 5,100 9,760 9,125 
Net income available to common stockholders$52,139 $48,525 $107,295 $95,253 
Denominator:
Basic weighted average shares outstanding64,960,740 63,503,389 64,640,358 63,368,343 
Dilutive effect of nonparticipating share-based awards37,759 16,651 36,515 16,009 
Diluted weighted average shares outstanding64,998,499 63,520,040 64,676,873 63,384,352 
Earnings per share - Basic $0.80 $0.76 $1.66 $1.50 
Earnings per share - Diluted$0.80 $0.76 $1.66 $1.50 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share The following table summarizes the weighted-average shares outstanding that are excluded from the calculation of diluted earnings per share because their effect would have been anti-dilutive:
For the Three Months Ended June 30,For the Six Months Ended June 30,
Anti-Dilutive Weighted Average Shares Outstanding2024202320242023
Holdings limited partnership units10,468,232 11,504,413 10,685,799 11,533,535 
Unvested restricted share-based awards5,519,516 5,590,721 5,496,352 5,564,520 
Total15,987,748 17,095,134 16,182,151 17,098,055