EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of antidilutive securities excluded from earnings per common unit

The computation of diluted earnings per share for the years ended December 31, 2019, 2018 and 2017 excludes the following options, restricted units and AOG Units, as their effect would have been anti-dilutive:


	For the Year Ended December 31,
	2019	2018	2017
Options	—	19,194,615	21,001,916
Restricted units	82	15,970,004	14,105,481
AOG Units	116,802,160	121,296,583	130,244,013

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


	For the Year Ended December 31,
	2019	2018	2017
Options	—	19,194,615	21,001,916
Restricted units	82	15,970,004	14,105,481
AOG Units	116,802,160	121,296,583	130,244,013

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


	For the Year Ended December 31,
	2019		2018		2017
Net income attributable to Ares Management Corporation Class A common stockholders	$	127,184	$	35,320	$	54,478
Distributions on unvested restricted units	(7,670)		(6,948)		(3,588)
Net income available to Class A common stockholders	$	119,514	$	28,372	$	50,890
Basic weighted-average shares of Class A common stock	107,914,953		96,023,147		81,838,007
Basic earnings per share of Class A common stock	$	1.11	$	0.30	$	0.62
Net income attributable to Ares Management Corporation Class A common stockholders	$	127,184	$	35,320	$	54,478
Distributions on unvested restricted units	—		(6,948)		(3,588)
Net income available to Class A common stockholders	$	127,184	$	28,372	$	50,890
Effect of dilutive shares:
Restricted units	7,838,200		—		—
Options	4,124,276		—		—

Diluted weighted-average shares of Class A common stock	119,877,429		96,023,147		81,838,007
Diluted earnings per share of Class A common stock	$	1.06	$	0.30	$	0.62

Dividend declared and paid per Class A common stock	$	1.28	$	1.33	$	1.13