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EQUITY-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Summary of Unvested Equity-Based Awards and Changes
A summary of the status of the Company’s unvested Converted OCGH units and other OCGH unit awards and a summary of changes for the periods presented are set forth below (actual dollars per unit):  
 
Converted OCGH Units (1)
 
OCGH Units
 
Number of Units
 
Weighted Average Grant Date Fair Value
 
Number of Units
 
Weighted Average Grant Date Fair Value
Balance, December 31, 2016
2,128,400

 
$
41.86

 
2,337,953

 
$
39.85

Granted
1,285,548

 
45.42

 
274,018

 
37.15

Vested
(837,254
)
 
40.57

 
(453,136
)
 
38.50

Forfeited
(20,378
)
 
45.59

 
—

 
—

Balance, December 31, 2017
2,556,316

 
44.05

 
2,158,835

 
39.79

Granted
1,164,601

 
39.61

 
124,051

 
31.80

Vested
(920,439
)
 
42.57

 
(418,837
)
 
37.23

Forfeited
(99,893
)
 
40.59

 
—

 
—

Balance, December 31, 2018
2,700,585

 
42.76

 
1,864,049

 
39.83

Granted
1,494,324

 
49.56

 
1,873,155

 
39.95

Vested
(975,072
)
 
43.06

 
(515,534
)
 
35.44

Restructuring (2)
(2,380,641
)
 
45.83

 
(2,600,264
)
 
40.87

Forfeited
(107,955
)
 
44.63

 
—

 
—

Balance, December 31, 2019
731,241

 
$
45.99

 
621,406

 
$
39.49


 
 
 
 
 
(1)
Upon the completion of the Merger, each unvested Class A Unit held by current, or in certain cases former, employees, officers and directors of Oaktree and its subsidiaries was converted into one unvested OCGH Unit (each, a “Converted OCGH Unit”) and became subject to the terms and conditions of the OCGH limited partnership agreement. The Converted OCGH Units will (i) be subject to the same vesting terms that were applicable to such units prior to the completion of the Merger, (ii) be entitled to receive ongoing distributions in respect of earnings, but not capital distributions and (iii) upon vesting, receive the accumulated value of capital distributions that accrued while such units were unvested. However, in 2020 and 2021, Converted OCGH Units will be valued at $49.00 per unit, less the amount of any capital distributions received upon vesting.
(2)
Effective with the Restructuring, compensation related to unvested equity awards granted for service provided by employees of OCM is no longer included in these consolidated financial statements.