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EQUITY BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of expense associated with equity based compensation
The following table summarizes the expense associated with equity based compensation for the three and nine months ended September 30, 2015 and 2014, respectively.
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2015
 
2014
 
2015
 
2014
Equity Incentive Plan Units
$
48,252

 
$
42,090

 
$
148,970

 
$
122,320

KKR Holdings Principal Awards
2,045

 
9,981

 
6,238

 
27,770

Other Exchangeable Securities
4,054

 
7,249

 
11,730

 
17,192

KKR Holdings Restricted Equity Units
(18
)
 
243

 
131

 
749

Discretionary Compensation
13,488

 
24,387

 
46,780

 
86,404

Total
$
67,821

 
$
83,950

 
$
213,849

 
$
254,435

Schedule of unrecognized expense of equity incentive plan awards expected to be recognized
As of September 30, 2015, there was approximately $259.7 million of estimated unrecognized expense related to unvested
awards. That cost is expected to be recognized as follows:
Year
 
Unrecognized Expense 
(in millions)
Remainder of 2015
 
$
37.3

2016
 
128.7

2017
 
74.7

2018
 
18.4

2019
 
0.6

Total
 
$
259.7

Schedule of awards granted under equity incentive plan
A summary of the status of unvested awards granted under the Equity Incentive Plan from January 1, 2015 through September 30, 2015 is presented below:
 
Units
 
Weighted
Average Grant
Date Fair Value
Balance, January 1, 2015
20,488,737

 
$
12.33

Granted
15,725,422

 
17.03

Vested
(5,243,645
)
 
12.97

Forfeited
(2,066,142
)
 
14.55

Balance, September 30, 2015
28,904,372

 
$
14.61

Schedule of remaining vesting tranches of awards granted under the equity incentive plan
A summary of the remaining vesting tranches of awards granted under the Equity Incentive Plan is presented below:
Vesting Date
 
Units
October 1, 2015
 
5,435,876

April 1, 2016
 
7,233,909

October 1, 2016
 
4,344,292

April 1, 2017
 
5,345,217

October 1, 2017
 
1,411,422

April 1, 2018
 
4,032,068

October 1, 2018
 
1,010,991

April 1, 2019
 
6,947

October 1, 2019
 
83,650

 
 
28,904,372

Schedule of unrecognized expense of principal awards expected to be recognized
As of September 30, 2015, there was approximately $3.2 million of estimated unrecognized equity-based payment and general administrative and other expense related to unvested Principal Awards. That cost is expected to be recognized as follows: 
Year
 
Unrecognized Expense 
(in millions)
Remainder of 2015
 
$
0.7

2016
 
2.1

2017
 
0.4

Total
 
$
3.2

Schedule of KKR Holdings awards granted to principals and certain non-employee consultant and service providers
A summary of the status of unvested Principal Awards from January 1, 2015 through September 30, 2015 is presented below: 
 
Units
 
Weighted
Average Grant
Date Fair Value
Balance, January 1, 2015
4,708,434

 
$
8.44

Granted
74,247

 
16.64

Vested
(1,090,262
)
 
9.50

Forfeited
(195,637
)
 
8.82

Balance, September 30, 2015
3,496,782

 
$
8.26

Schedule of remaining vesting tranches for principals and certain non-employee consultant and service providers
The following table summarizes the remaining vesting tranches of Principal Awards:
Vesting Date
 
Units
October 1, 2015
 
2,025,357

April 1, 2016
 
122,697

October 1, 2016
 
1,127,413

April 1, 2017
 
70,271

October 1, 2017
 
111,293

April 1, 2018
 
39,751

 
 
3,496,782

Schedule of unrecognized expense of other exchangeable securities expected to be recognized
As of September 30, 2015, there was approximately $12.6 million of estimated unrecognized expense related to unvested Other Exchangeable Securities.  That cost is expected to be recognized as follows:  
Year
 
Unrecognized Expense 
(in millions)
Remainder of 2015
 
$
3.1

2016
 
9.5

Total
 
$
12.6

Schedule of KKR Holdings awards granted to other exchangeable securities
A summary of the status of unvested Other Exchangeable Securities from January 1, 2015 through September 30, 2015 is presented below:
 
Units
 
Weighted
Average Grant
Date Fair Value
Balance, January 1, 2015
1,695,972

 
$
18.45

Granted

 

Vested

 

Forfeited

 

Balance, September 30, 2015
1,695,972

 
$
18.45

Schedule of remaining vesting tranches for other exchangeable securities
The following table summarizes the remaining vesting tranches of Other Exchangeable Securities:
Vesting Date
 
Units
October 1, 2015
 
847,983

October 1, 2016
 
847,989

 
 
1,695,972