EARNINGS PER COMMON UNIT (Tables)

12 Months Ended

Dec. 31, 2016

Earnings Per Share [Abstract]

Schedule of Antidilutive Securities Excluded from Earnings Per Common Unit

The computation of diluted earnings per common unit for the years ended December 31, 2016, 2015 and 2014 excludes the following options, restricted units and AOG Units, as their effect would have been anti-dilutive:

	For the Year Ended December 31,		Period from May 1, 2014 through December 31, 2014
	2016	2015
Options	22,781,597	24,082,415	24,230,518
Restricted units	47,182	4,657,761	4,776,053
AOG units	131,499,652	132,427,608	130,858,662

Schedule of the computation of basic and diluted earnings per common unit

The following table presents the computation of basic and diluted earnings per common unit:

	For the Year Ended December 31,						Period from May 1, 2014 through December 31, 2014
	2016			2015
Net income attributable to Ares Management, L.P. common unitholders	$	99,632		$	19,378		$	34,988
Earnings distributed to participating securities (restricted units)	(1,257		)	(646		)	(417		)
Preferred stock dividends(1)	(8		)	(15		)	—
Net income available to common unitholders	$	98,367		$	18,717		$	34,571
Basic weighted-average common units	80,749,671			80,673,360			80,358,036
Basic earnings per common unit	$	1.22		$	0.23		$	0.43
Net income (loss) attributable to Ares Management, L.P. common unitholders	$	99,632		$	19,378		$	34,988
Earnings distributed to participating securities (restricted units)	—			(646		)	(417		)
Preferred stock dividends(1)	(8		)	(15		)	—
Net income available to common unitholders	$	99,624		$	18,717		$	34,571
Effect of dilutive units:
Restricted units	2,187,359			—			—
Diluted weighted-average common units	82,937,030			80,673,360			80,358,036
Diluted earnings per common unit	$	1.20		$	0.23		$	0.43

(1) Dividends relate to the preferred shares that were issued by Ares Real Estate Holdings LLC and were redeemed on July 1, 2016.