EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of antidilutive securities excluded from earnings per common unit

For the three months ended March 31, 2020, the following options, restricted units and AOG Units represent the securities not included in the two-class method. For the three months ended March 31, 2019, the computation of dilutive earnings per share excludes the following options, restricted units and AOG Units, as their effect would have been anti-dilutive:


	Three months ended March 31,
	2020	2019
Options	12,859,532	—
Restricted units	16,377,716	119
AOG Units	116,328,089	116,996,031

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:


	Three months ended March 31,
	2020		2019
Net income (loss) attributable to Ares Management Corporation Class A common stockholders	$	(36,461)	$	39,524
Distributions on unvested restricted units	(2,290)		(1,806)
Undistributed earnings allocable to participating unvested restricted units	—		(663)
Net income (loss) available to Class A common stockholders	$	(38,751)	$	37,055
Basic weighted-average shares of Class A common stock	118,366,539		102,906,494
Basic earnings (loss) per share of Class A common stock	$	(0.33)	$	0.36
Net income (loss) available to Class A common stockholders	$	(36,461)	$	39,524

Net income (loss) attributable to Ares Management Corporation Class A common stockholders	$	(36,461)	$	39,524
Effect of dilutive shares:
Restricted units	—		5,485,250
Options	—		2,307,368

Diluted weighted-average shares of Class A common stock	118,366,539		110,699,112
Diluted earnings (loss) per share of Class A common stock	$	(0.33)	$	0.36

Dividend declared and paid per Class A common stock	$	0.40	$	0.32