EQUITY COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2016

EQUITY COMPENSATION

Schedule of equity-based compensation expense, net of assumed forfeitures

	For the three months ended					For the six months ended
	June 30,					June 30,
	2016		2015			2016	2015
Restricted units	$	4,686	$	3,465	$	9,449	$	6,910
Options		4,547		3,876		8,460		7,729
Phantom units		305		457		801		1,080
Equity-based compensation expense	$	9,538	$	7,798	$	18,710	$	15,719

Summary of unvested restricted units' activity

	2016				2015
			Weighted Average				Weighted Average
			Grant Date Fair				Grant Date Fair
	Restricted Units		Value Per Unit		Restricted Units		Value Per Unit
Balance - January 1		4,657,761	$	18.01		4,776,053	$	18.08
Granted		1,822,623		11.32		171,444		17.27
Vested		(24,368)		16.77		(8,463)		18.49
Forfeited		(348,125)		17.23		(170,352)		18.05
Balance - June 30		6,107,891	$	16.08		4,768,682	$	18.06

Schedule of effect of adoption of ASU 2016-09

	Partners' Capital			Non-Controlling Interest in Ares Operating Group Entities		Redeemable Interest in Ares Operating Group Entities
Balance at December 31, 2015	$	251,537	$	397,883	$	23,505
Retained earnings		(3,357)		(5,470)		(38)
Paid-in-capital - Equity compensation		3,767		6,138		43
Distributions - dividend equivalent		(410)		(668)		(5)
Balance at December 31, 2015 (as adjusted)	$	251,537	$	397,883	$	23,505