XML 117 R36.htm IDEA: XBRL DOCUMENT v3.22.4
EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Antidilutive Securities Excluded from Earnings per Common Unit
The computation of diluted earnings per share excludes the following restricted units and AOG Units as their effect would have been anti-dilutive:
Year ended December 31,
202220212020
Restricted units— 132 16,599 
AOG Units— 116,226,798 115,126,565 
Schedule of the Computation of Basic and Diluted Earnings per Common Unit
The following table presents the computation of basic and diluted earnings per common share:
Year ended December 31,
202220212020
Basic earnings per share of Class A and non-voting common stock:
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders$167,541 $386,748 $130,442 
Distributions on unvested restricted units(14,096)(10,986)(10,454)
Undistributed earnings allocable to participating unvested restricted units— (7,138)— 
Net income available to Class A and non-voting common stockholders$153,445 $368,624 $119,988 
Basic weighted-average shares of Class A and non-voting common stock175,510,798 163,703,626 135,065,436 
Basic earnings per share of Class A and non-voting common stock$0.87 $2.24 $0.89 
Diluted earnings per share of Class A and non-voting common stock:
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders$167,541 $386,748 $130,442 
Distributions on unvested restricted units(14,096)— — 
Net income available to Class A and non-voting common stockholders$153,445 $386,748 $130,442 
Effect of dilutive shares:
Restricted units— 11,209,144 9,207,639 
Options— 5,199,501 5,235,423 
Diluted weighted-average shares of Class A and non-voting common stock175,510,798 180,112,271 149,508,498 
Diluted earnings per share of Class A and non-voting common stock$0.87 $2.15 $0.87 
Dividend declared and paid per Class A and non-voting common stock$2.44 $1.88 $1.60