XML 17 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Unaudited Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues        
Asset Management Fees $ 178,092 $ 128,044 $ 488,222 $ 368,191
Performance fees 0 39 26 351
Total revenues 178,092 128,083 488,248 368,542
Compensation and benefits        
Salaries, incentive compensation and benefits 79,470 56,401 221,401 165,655
Pre-offering related compensation - share-based awards 23,441 56,023 380,523 85,907
Pre-offering related compensation - other 0 32,065 143,035 53,960
Total compensation and benefits 102,911 144,489 744,959 305,522
Distribution and marketing 10,093 7,216 27,116 21,424
Occupancy 2,609 2,294 7,781 6,809
Communication and technology 3,464 3,456 10,309 9,875
General and administrative 5,655 8,846 17,653 17,258
Total operating expenses 124,732 166,301 807,818 360,888
Total operating income (loss) 53,360 (38,218) (319,570) 7,654
Non-operating income (loss)        
Interest expense (2,885) (2,914) (8,986) (8,146)
Net gains of Launch Equity 5,499 6,935 9,068 8,474
Loss on interest rate swap 0 (17) 0 (69)
Gains (Losses) on Extinguishment of Debt, before Write off of Deferred Debt Issuance Cost 0 (827) 0 (827)
Net gain on the valuation of contingent value rights 6,940 0 40,360 0
Other Nonoperating Income (Expense) 0 (682) 0 (682)
Total non-operating income (loss) 9,554 2,495 40,442 (1,250)
Income (loss) before income taxes 62,914 (35,723) (279,128) 6,404
Provision for income taxes 6,824 243 17,146 822
Net income (loss) before noncontrolling interests 56,090 (35,966) (296,274) 5,582
Less: Net income (loss) attributable to noncontrolling interests - Artisan Partners Holdings 44,614 (42,901) (320,067) (2,892)
Less: Net income attributable to noncontrolling interests - Launch Equity 5,499 6,935 9,068 8,474
Net income attributable to Artisan Partners Asset Management Inc. $ 5,977 $ 0 $ 14,725 $ 0
Earnings per share        
Basic $ 0.42      
Diluted $ 0.35      
Weighted average number of common shares outstanding        
Basic 12,728,949      
Diluted 15,294,412