EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2022

The computation of diluted earnings per share excludes the following AOG Units as their effect would have been anti-dilutive:

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


	Three months ended June 30,				Six months ended June 30,
	2022		2021		2022		2021
Basic earnings per share of Class A and non-voting common stock:
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders	$	39,731	$	124,980	$	85,594	$	177,933
Distributions on unvested restricted units	(3,461)		(3,452)		(7,046)		(6,693)
Undistributed earnings allocable to participating unvested restricted units	—		(4,967)		—		(2,701)
Net income available to Class A and non-voting common stockholders	$	36,270	$	116,561	$	78,548	$	168,539
Basic weighted-average shares of Class A and non-voting common stock	175,157,558		164,793,968		174,694,645		157,075,774
Basic earnings per share of Class A and non-voting common stock	$	0.21	$	0.70	$	0.45	$	1.07

Diluted earnings per share of Class A and non-voting common stock:
Net income available to Class A and non-voting common stockholders	$	39,731	$	124,980	$	85,594	$	177,933
Distributions on unvested restricted units	(3,461)		—		(7,046)		—
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders	$	36,270	$	124,980	$	78,548	$	177,933
Effect of dilutive shares:
Restricted units	—		10,930,236		—		10,074,330
Options	—		5,303,530		—		5,238,834

Diluted weighted-average shares of Class A and non-voting common stock	175,157,558		181,027,734		174,694,645		172,388,938
Diluted earnings per share of Class A and non-voting common stock	$	0.21	$	0.69	$	0.45	$	1.03

Dividend declared and paid per Class A and non-voting common stock	$	0.61	$	0.47	$	1.22	$	0.94