EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2023

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


	Three months ended March 31,
	2023		2022
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	$	94,039	$	45,863
Distributions on unvested restricted units	(5,314)		(3,585)

Net income available to Class A and non-voting common stockholders	$	88,725	$	42,278
Basic weighted-average shares of Class A and non-voting common stock	178,976,022		174,215,251
Basic earnings per share of Class A and non-voting common stock	$	0.49	$	0.24

Diluted 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	$	94,039	$	45,863
Distributions on unvested restricted units	(5,314)		(3,585)
Net income available to Class A and non-voting common stockholders	$	88,725	$	42,278
Effect of dilutive shares:
Restricted units	—		—
Options	—		—

Diluted weighted-average shares of Class A and non-voting common stock	178,976,022		174,215,251
Diluted earnings per share of Class A and non-voting common stock	$	0.49	$	0.24

Dividend declared and paid per Class A and non-voting common stock	$	0.77	$	0.61