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EARNINGS PER COMMON UNIT (Tables)
 12 Months Ended
Dec. 31, 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 years ended December 31, 2017, 2016 and 2015 excludes the following options, restricted units and AOG Units, as their effect would have been anti-dilutive:
 
For the Year Ended December 31,
 
2017
 
2016
 
2015
Options
21,001,916

 
22,781,597

 
24,082,415

Restricted units
14,105,481

 
47,182

 
4,657,761

AOG Units
130,244,013

 
131,499,652

 
132,427,608
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,
 
2017
 
2016
 
2015
Net income attributable to Ares Management, L.P. common unitholders
$
54,478

 
$
99,632

 
$
19,378

Earnings distributed to participating securities (restricted units)
(3,588
)
 
(1,257
)
 
(646
)
Preferred stock dividends(1)
—

 
(8
)
 
(15
)
Net income available to common unitholders
$
50,890

 
$
98,367

 
$
18,717

Basic weighted-average common units
81,838,007

 
80,749,671

 
80,673,360

Basic earnings per common unit
$
0.62

 
$
1.22

 
$
0.23

Net income (loss) attributable to Ares Management, L.P. common unitholders
$
54,478

 
$
99,632

 
$
19,378

Earnings distributed to participating securities (restricted units)
(3,588
)
 
—

 
(646
)
Preferred stock dividends(1)
—

 
(8
)
 
(15
)
Net income available to common unitholders
$
50,890


$
99,624

 
$
18,717

Effect of dilutive units:
 
 
 
 
 
Restricted units
—

 
2,187,359

 
—

Diluted weighted-average common units
81,838,007

 
82,937,030

 
80,673,360

Diluted earnings per common unit
$
0.62

 
$
1.20

 
$
0.23

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