EARNINGS PER COMMON UNIT (Tables)

9 Months Ended

Sep. 30, 2017

Earnings Per Share [Abstract]

Schedule of antidilutive securities excluded from earnings per common unit

The computation of diluted earnings per common unit for the three and nine months ended September 30, 2017 and 2016 excludes the following options, restricted units and AOG Units, as their effect would have been anti-dilutive:

	For the Three Months Ended   September 30,		For the Nine Months Ended   September 30,
	2017	2016	2017	2016
Options	21,022,924	22,164,772	21,170,880	23,008,147
Restricted units	13,742,856	—	14,223,345	62,909
AOG units	130,192,448	130,852,861	130,280,878	131,858,404

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 Three Months Ended   September 30,						For the Nine Months Ended   September 30,
	2017			2016			2017			2016
Net income attributable to Ares Management, L.P. common unitholders	$	22,413		$	36,554		$	20,307		$	71,042
Earnings distributed to participating securities (restricted units)	(1,003		)	(480		)	(2,248		)	(895		)
Preferred stock dividends(1)	—			—			—			(8		)
Net income available to common unitholders	$	21,410		$	36,074		$	18,059		$	70,139
Basic weighted-average common units	82,166,852			80,793,984			81,704,815			80,741,460
Basic earnings per common unit	$	0.26		$	0.45		$	0.22		$	0.87
Net income attributable to Ares Management, L.P. common unitholders	$	22,413		$	36,554		$	20,307		$	71,042
Earnings distributed to participating securities (restricted units)	(1,003		)	—			(2,248		)	—
Preferred stock dividends(1)	—			—			—			(8		)
Net income available to common unitholders	$	21,410		$	36,554		$	18,059		$	71,034
Effect of dilutive units:
Restricted units	—			3,670,607			—			1,925,589
Diluted weighted-average common units	82,166,852			84,464,591			81,704,815			82,667,049
Diluted earnings per common unit	$	0.26		$	0.43		$	0.22		$	0.86

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