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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Management fees $ 195,015 $ 50,923 $ 393,568 $ 101,742
Incentive income 87,701 564 143,638 564
Total revenues 282,716 51,487 537,206 102,306
Expenses:        
Compensation and benefits (103,002) (107,750) (211,407) (217,893)
Equity-based compensation (14,726) (16,083) (28,622) (27,789)
Incentive income compensation (35,461) (35,211) (45,268) (102,103)
Total compensation and benefits expense (153,189) (159,044) (285,297) (347,785)
General and administrative (32,949) (33,488) (80,780) (40,068)
Depreciation and amortization (4,048) (3,107) (8,209) (5,999)
Consolidated fund expenses (1,462) (50,290) (2,546) (88,051)
Total expenses (191,648) (245,929) (376,832) (481,903)
Other income (loss):        
Interest expense (26,730) (52,742) (54,435) (99,311)
Net realized gain on consolidated funds’ investments 6,682 857,548 10,083 1,332,378
Investment income     70,447 28,376
Other income (expense), net 5,548 2,863 11,349 7,557
Total other income (loss) 58,337 (116,711) 84,879 1,359,338
Income (loss) before income taxes 149,405 (311,153) 245,253 979,741
Income taxes (8,571) (5,485) (21,251) (13,360)
Net income (loss) 140,834 (316,638) 224,002 966,381
Less:        
Net (income) loss attributable to non-controlling interests (84,468) (55,509) (144,502) (163,610)
Net income attributable to Oaktree Capital Group, LLC $ 49,047 $ 19,814 $ 77,125 $ 58,067
Distributions declared per Class A unit (in dollars per share) $ 0.55000 $ 0.64000 $ 1.02000 $ 1.2000
Net income per unit (basic and diluted):        
Net income per Class A unit (in dollars per share) $ 0.78 $ 0.41 $ 1.24 $ 1.24
Weighted average number of Class A units outstanding (in shares) 62,617 48,372 62,256 46,727
Consolidated Funds        
Other income (loss):        
Interest and dividend income $ 37,138 $ 478,311 $ 73,408 $ 1,001,240
Net change in unrealized appreciation (depreciation) on consolidated funds’ investments (5,301) (1,418,385) (25,973) (910,902)
Investment income 41,000 15,694 70,447 28,376
Non-controlling Interests in Consolidated Funds        
Less:        
Net (income) loss attributable to non-controlling interests $ (7,319) $ 391,961 $ (2,375) $ (744,704)