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Stockholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
Authorized and outstanding equity
As of December 31, 2017 and 2016, APAM had the following authorized and outstanding equity:
 
 
 
Outstanding
 
 
 
 
 
Authorized
 
December 31, 2017
 
December 31, 2016
 
Voting Rights (1)
 
Economic Rights
Common shares
 
 
 
 
 
 
 
 
 
Class A, par value $0.01 per share
500,000,000

 
50,463,126

 
42,149,436

 
1 vote per share
 
Proportionate
Class B, par value $0.01 per share
200,000,000

 
11,922,192

 
15,142,049

 
5 votes per share
 
None
Class C, par value $0.01 per share
400,000,000

 
13,184,527

 
17,063,384

 
1 vote per share
 
None
(1) The Company’s employees to whom Artisan has granted equity have entered into a stockholders agreement with respect to all shares of APAM common stock they have acquired from the Company and any shares they may acquire from the Company in the future, pursuant to which they granted an irrevocable voting proxy to a Stockholders Committee. As of December 31, 2017, Artisan’s employees held 3,912,111 restricted shares of Class A common stock subject to the agreement and all 11,922,192 outstanding shares of Class B common stock.
Dividends Declared
APAM declared and paid the following dividends per share during the years ended December 31, 2017, 2016 and 2015.
Type of Dividend
 
Class of Stock
 
 For the Years Ended December 31,
 
 
 
 
2017
 
2016
 
2015
Quarterly
 
Common Class A
 
$
2.40

 
$
2.40

 
$
2.40

Special Annual
 
Common Class A
 
$
0.36

 
$
0.40

 
$
0.95
Schedule of Stock by Class
The following table summarizes APAM’s stock transactions for the years ended December 31, 2017, 2016 and 2015:
 
Total Stock Outstanding
Class A Common Stock(1)
Class B Common Stock
Class C Common Stock
Balance at January 1, 2015
72,927,543

34,238,131

21,463,033

17,226,379

2015 Follow-On Offering
—

3,831,550

(2,415,253
)
(1,416,297
)
Holdings Common Unit Exchanges
—

826,809

(355,305
)
(471,504
)
Restricted Share Award Grants
562,950

562,950

—

—

Restricted Share Award Net Share Settlement
(14,276
)
(14,276
)
—

—

Employee/Partner Terminations
(67,289
)
(12,559
)
(365,253
)
310,523

Balance at December 31, 2015
73,408,928

39,432,605

18,327,222

15,649,101

Holdings Common Unit Exchanges
—

1,679,507

(1,549,070
)
(130,437
)
Restricted Share Award Grants
1,118,267

1,118,267

—

—

Restricted Share Award Net Share Settlement
(28,225
)
(28,225
)
—

—

Employee/Partner Terminations
(144,101
)
(52,718
)
(1,636,103
)
1,544,720

Balance at December 31, 2016
74,354,869

42,149,436

15,142,049

17,063,384

2017 Follow-On Offering
—

5,626,517

(2,104,517
)
(3,522,000
)
Holdings Common Unit Exchanges
—

1,472,197

(1,048,917
)
(423,280
)
Restricted Share Award Grants
1,267,250

1,267,250

—

—

Restricted Share Award Net Share Settlement
(48,646
)
(48,646
)
—

—

Employee/Partner Terminations
(3,628
)
(3,628
)
(66,423
)
66,423

Balance at December 31, 2017
75,569,845

50,463,126

11,922,192

13,184,527

(1) There were 218,089, 178,401, and 122,990 restricted stock units outstanding at December 31, 2017, 2016, and 2015, respectively. Restricted stock units are not reflected in the table because they are not considered outstanding or issued stock.
Distributions
Holdings’ partnership distributions for the years ended December 31, 2017, 2016 and 2015 were as follows:
 
 For the Years Ended December 31,
 
2017
 
2016
 
2015
Holdings Partnership Distributions to Limited Partners
$115,804
 
$133,876
 
$182,175
Holdings Partnership Distributions to APAM
$197,070
 
$160,532
 
$186,711
Total Holdings Partnership Distributions
$312,874
 
$294,408
 
$368,886