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, | | | | | | 2022 | | 2021 | | 2020 | | | | | | | | | | | Restricted units | | | | | — | | | 132 | | | 16,599 | | AOG Units | | | | | — | | | 116,226,798 | | | 115,126,565 | |
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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, | | | | | | 2022 | | 2021 | | 2020 | 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 stock | | | | | 175,510,798 | | | 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 stock | | | | | 175,510,798 | | | 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 | |
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