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Unaudited Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue from Contract with Customer $ 202,942 $ 200,727 $ 405,778 $ 387,689
Total revenues 202,942 200,727 405,778 387,689
Operating Expenses        
Compensation and benefits 102,204 101,486 206,921 200,768
Distribution, servicing and marketing 5,355 5,836 10,903 11,239
Occupancy 5,213 5,341 10,402 12,908
Communication and technology 9,682 10,269 18,887 19,697
General and administrative 3,861 6,937 11,078 14,487
Total operating expenses 126,315 129,869 258,191 259,099
Total operating income 76,627 70,858 147,587 128,590
Non-operating income (expense)        
Interest expense (2,715) (2,827) (5,400) (5,602)
Other net investment gain (loss) 1,174 1,383 (1,083) 3,340
Total non-operating income (expense) 11,336 599 (6,530) 2,127
Income before income taxes 87,963 71,457 141,057 130,717
Provision for income taxes 16,256 11,484 25,707 20,926
Net income before noncontrolling interests 71,707 59,973 115,350 109,791
Less: Net income attributable to noncontrolling interests - Artisan Partners Holdings 18,132 19,795 34,244 37,104
Less: Net income attributable to noncontrolling interests - consolidated investment products 7,424 990 130 1,960
Net income attributable to Artisan Partners Asset Management Inc. $ 46,151 $ 39,188 $ 80,976 $ 70,727
Basic and diluted earnings per share (in dollars per share) $ 0.72 $ 0.66 $ 1.26 $ 1.15
Basic and diluted weighted average number of common share outstanding (in shares) 55,884,366 51,242,911 54,574,923 50,697,329
Dividends declared per Class A common share (in dollars per share) $ 0.61 $ 0.55 $ 1.89 $ 2.14
Variable Interest Entity, Primary Beneficiary [Member]        
Non-operating income (expense)        
Gain (Loss) on Investments $ 12,877 $ 2,043 $ (47) $ 4,389
Management fees        
Revenue from Contract with Customer 194,927 196,400 394,831 383,264
Performance fees        
Revenue from Contract with Customer $ 8,015 $ 4,327 $ 10,947 $ 4,425