Earnings Per Unit (Tables)

6 Months Ended

Jun. 30, 2012

Earnings Per Unit [Abstract]

Computations of net income (loss) per unit

	Three Months Ended June 30,					Six Months Ended June 30,
	2012		2011			2012		2011
Weighted average units outstanding:
Class A units outstanding		29,586		22,677			26,137		22,677
OCGH units exchangeable into Class A units  (1)		—		—			—		—
Total weighted average units outstanding		29,586		22,677			26,137		22,677
Net income (loss) per Class A unit:
Net income (loss)	$	24,719	$	(20,359	)	$	43,327	$	(30,486	)
Weighted average units outstanding		29,586		22,677			26,137		22,677
Basic and diluted net income (loss) per unit	$	0.84	$	(0.90	)	$	1.66	$	(1.34	)

(1) OCGH units are potentially exchangeable on a one-for-one basis into Class A units. As of June 30, 2012, there were 120,250,753 OCGH units outstanding, accordingly, the Company may cumulatively issue up to 120,250,753 additional Class A units through March 1, 2022, including more than 115,000,000 additional Class A units in 2012 in connection with the possible exchange of vested OCGH units by the OCGH Unitholders pursuant to the Company’s exchange agreement. For the three and six month periods ended June 30, 2012 and 2011, OCGH units have been excluded from the calculation of diluted earnings per unit given that the exchange of these units would proportionally increase Oaktree Capital Group, LLC’s interests in the Oaktree Operating Group and may have an anti-dilutive effect on earnings per unit to the extent that additional expenses, particularly tax-related expenses, are incurred by the Company as a result of the exchange.