Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2019

Stockholders' Equity Note [Abstract]

Authorized and outstanding equity

APAM had the following authorized and outstanding equity as of September 30, 2019 and December 31, 2018, respectively:

Outstanding

Authorized

As of September 30, 2019

As of December 31, 2018

Voting Rights ⁽¹⁾

Economic Rights

Common shares

Class A, par value $0.01 per share

500,000,000

56,261,026

54,071,188

1 vote per share

Proportionate

Class B, par value $0.01 per share

200,000,000

7,853,364

8,645,249

1 vote per share

None

Class C, par value $0.01 per share

400,000,000

13,687,888

14,226,435

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 September 30, 2019, Artisan’s employees held 4,899,524 restricted shares of Class A common stock and all 7,853,364 outstanding shares of Class B common stock, all of which were subject to the agreement.

Dividends Declared

APAM declared and paid the following dividends per share during the three and nine months ended September 30, 2019 and 2018:


Type of Dividend	Class of Stock	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
		2019		2018		2019		2018
Quarterly	Class A Common	$	0.60	$	0.60	$	1.71	$	1.80
Special Annual	Class A Common	$	—	$	—	$	1.03	$	0.79

Issuance (Cancellation) of Shares Disclosure

The following table summarizes APAM’s stock transactions for the nine months ended September 30, 2019:


	Total Stock Outstanding	Class A Common Stock⁽¹⁾	Class B Common Stock	Class C Common Stock
Balance at December 31, 2018	76,942,872	54,071,188	8,645,249	14,226,435

Holdings Common Unit Exchanges	—	1,330,432	(791,885)	(538,547)
Restricted Share Award Grants	959,000	959,000	—	—
Restricted Share Award Net Share Settlement	(82,729)	(82,729)	—	—
Employee-Partner Terminations	(16,865)	(16,865)	—	—
Balance at September 30, 2019	77,802,278	56,261,026	7,853,364	13,687,888

⁽¹⁾ There were 297,891 and 246,581 restricted stock units outstanding at September 30, 2019 and December 31, 2018, respectively. Restricted stock units are not reflected in the table because they are not considered outstanding or issued stock.

Distributions Made to Limited Partner, by Distribution

Holdings’ partnership distributions for the three and nine months ended September 30, 2019 and 2018, were as follows:


	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2019		2018		2019		2018
Holdings Partnership Distributions to Limited Partners	$	21,828	$	22,674	$	70,152	$	78,418
Holdings Partnership Distributions to APAM	53,423		49,839		166,307		162,748
Total Holdings Partnership Distributions	$	75,251	$	72,513	$	236,459	$	241,166