QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Data [Abstract]

QUARTERLY FINANCIAL DATA (UNAUDITED)

QUARTERLY FINANCIAL DATA (UNAUDITED)

Unaudited quarterly information for each of the three months in the years ended December 31, 2016 and 2015 are presented below.  

	For the Three Months Ended
	March 31, 2016			June 30, 2016		September 30, 2016		December 31, 2016
Revenues	$	136,015		$	369,535	$	335,460	$	358,195
Expenses	129,538			303,935		283,374		299,573
Other income (loss)	(15,451		)	17,406		73,339		39,841
Income (loss) before provision for income taxes	(8,974		)	83,006		125,425		98,463
Net income (loss)	(13,639		)	87,440		117,784		95,316
Net income (loss) attributable to Ares Management, L.P.	(3,090		)	37,574		43,305		34,019
Preferred equity distributions paid	—			—		6,751		5,425
Net income (loss) attributable to Ares Management, L.P. common unitholders	(3,090		)	37,574		36,554		28,594
Net income (loss) attributable to Ares Management L.P. per common unit:
Basic	$	(0.04	)	$	0.46	$	0.45	$	0.35
Diluted	$	(0.04	)	$	0.46	$	0.43	$	0.34
Distributions declared per common unit(1)	$	0.15		$	0.28	$	0.20	$	0.28

	For the Three Months Ended
	March 31, 2015		June 30, 2015		September 30, 2015			December 31, 2015
Revenues	$	269,905	$	241,164	$	143,854		$	159,519
Expenses	234,463		212,569		136,386			185,622
Other income (loss)	11,006		28,956		(39,553		)	35,673
Income (loss) before provision for income taxes	46,448		57,551		(32,085		)	9,570
Net income (loss)	42,389		51,448		(37,664		)	6,247
Net income (loss) attributable to Ares Management, L.P.	18456		12,086		(11,349		)	185
Net income (loss) attributable to Ares Management L.P. per common unit:
Basic	0.23		$	0.15	$	(0.14	)	$	0.00
Diluted	0.23		$	0.15	$	(0.14	)	$	0.00
Distributions declared per common unit(1)	0.25		$	0.26	$	0.13		$	0.20

(1) Distributions declared per common unit are reflected to match the period the income is earned.