EARNINGS PER COMMON SHARE (Tables)

6 Months Ended

Jun. 30, 2018

Schedule of antidilutive securities excluded from earnings per common unit

The computation of diluted earnings per common share for the three and six months ended June 30, 2018 and 2017 excludes the following options, restricted units and AOG Units, as their effect would have been anti-dilutive:



	For the Three Months Ended June 30,		For the Six Months Ended June 30,
	2018	2017	2018	2017
Options	19,111,390	21,155,026	19,471,589	21,244,858
Restricted units	15,271,381	39,082	15,811,964	14,463,590
AOG Units	120,231,237	130,249,329	124,211,007	130,325,826

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 share:



	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2018			2017			2018			2017
Net income (loss) attributable to Ares Management, L.P. common shareholders	$	(17,200	)	$	44,453		$	18,323		$	(2,106	)
Earnings distributed to participating securities (restricted units)	(1,970		)	(419		)	(3,877		)	(1,246		)
Net income (loss) available to common shareholders	$	(19,170	)	$	44,034		$	14,446		$	(3,352	)
Basic weighted-average common shares	98,037,252			81,829,086			91,861,946			81,469,967
Basic earnings (loss) per common share	$	(0.20	)	$	0.54		$	0.16		$	(0.04	)
Net income (loss) attributable to Ares Management, L.P. common shareholders	$	(17,200	)	$	44,453		$	18,323		$	(2,106	)
Earnings distributed to participating securities (restricted units)	(1,970		)	—			(3,877		)	(1,246		)
Net income (loss) available to common shareholders	$	(19,170	)	$	44,453		$	14,446		$	(3,352	)
Effect of dilutive shares:
Restricted units	—			2,490,796			—			—
Diluted weighted-average common shares	98,037,252			84,319,882			91,861,946			81,469,967
Diluted earnings (loss) per common share	$	(0.20	)	$	0.53		$	0.16		$	(0.04	)