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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Expenses        
Total expenses $ 221,017 $ 448,197 $ 427,300 $ 939,664
Other income (expense)        
Total other income (expense) 67,926 (8,920) 70,166 47,715
Income (loss) before taxes 51,072 115,080 113,118 (75,508)
Income tax expense (benefit) 36,903 1,253 24,528 (33,011)
Net income (loss) 14,169 113,827 88,590 (42,497)
Net income (loss) attributable to Ares Management, L.P. (11,775) 49,878 29,173 8,744
Less: Preferred equity dividend paid 5,425 5,425 10,850 10,850
Net income (loss) attributable to Ares Management, L.P. common shareholders $ (17,200) $ 44,453 $ 18,323 $ (2,106)
Net income (loss) attributable to Ares Management, L.P. per common share:        
Basic (in dollars per share) $ (0.20) $ 0.54 $ 0.16 $ (0.04)
Diluted (in dollars per unit) $ (0.20) $ 0.53 $ 0.16 $ (0.04)
Weighted-average common shares:        
Basic (in shares) 98,037,252 81,829,086 91,861,946 81,469,967
Diluted (in shares) 98,037,252 84,319,882 91,861,946 81,469,967
Dividend declared and paid per common share (in dollar per share) $ 0.37 $ 0.13 $ 0.77 $ 0.41
Ares Management L.P        
Revenues        
Total revenues $ 204,163 $ 572,197 $ 470,252 $ 816,441
Expenses        
Compensation and benefits 138,992 131,219 273,631 255,558
Performance related compensation (13,005) 261,705 12,873 302,407
General, administrative and other expenses 59,918 50,751 104,368 98,089
Transaction support expense 0 0 0 275,177
Other income (expense)        
Net realized and unrealized gain (loss) on investments 3,267 (6,588) 2,428 (5,700)
Interest and dividend income 2,356 1,462 5,703 3,386
Interest expense (6,076) (5,354) (12,945) (10,233)
Other income (expense), net (1,987) 2,822 (2,298) 19,318
Income tax expense (benefit) 36,834 857 24,459 (33,875)
Consolidated Funds        
Expenses        
Expenses of Consolidated Funds 35,112 4,522 36,428 8,433
Other income (expense)        
Net realized and unrealized gain (loss) on investments 34,487 (12,713) 21,402 19,323
Interest expense (56,754) (26,875) (101,179) (58,197)
Interest and other income of Consolidated Funds 92,633 38,326 157,055 79,818
Income tax expense (benefit) 69 396 69 864
Net income (loss) attributable to non-controlling interests related to consolidated VIEs 9,882 (8,647) 10,249 7,208
AOG        
Other income (expense)        
Net income (loss) attributable to non-controlling interests related to consolidated VIEs 16,062 72,596 49,168 (58,449)
Management fees | Ares Management L.P        
Revenues        
Total revenues 194,032 180,768 383,547 352,813
Carried interest allocation        
Revenues        
Total revenues     40,685  
Carried interest allocation | Ares Management L.P        
Revenues        
Total revenues (13,444) 333,808 40,685 385,815
Incentive fees | Ares Management L.P        
Revenues        
Total revenues 7,740 4,216 12,811 7,381
Principal investment income | Ares Management L.P        
Revenues        
Total revenues 1,871 38,307 6,780 40,894
Administrative, transaction and other fees        
Revenues        
Total revenues 0 0 0 0
Administrative, transaction and other fees | Ares Management L.P        
Revenues        
Total revenues $ 13,964 $ 15,098 $ 26,429 $ 29,538