EQUITY AND REDEEMABLE INTEREST (Tables)

6 Months Ended

Jun. 30, 2023

Stockholders' Equity Note [Abstract]

Schedule of Stock by Class

The following table presents the changes in each class of common stock:

	Class A Common Stock	Non-Voting Common Stock	Class B Common Stock	Class C Common Stock	Total
Balance - December 31, 2022	173,892,036	3,489,911	1,000	117,231,288	294,614,235
Issuance of stock	1,391,426	—	—	—	1,391,426
Issuance of AOG Units(1)	—	—	—	3,473,026	3,473,026
Exchanges of AOG Units	1,029,993	—	—	(1,029,993)	—
Stock option exercises, net of shares withheld for tax	2,972,093	—	—	—	2,972,093
Vesting of restricted stock awards, net of shares withheld for tax	1,946,260	—	—	—	1,946,260
Balance - June 30, 2023	181,231,808	3,489,911	1,000	119,674,321	304,397,040

(1) Represents issuance of AOG Units to the recipients of the management incentive program from the acquisition of Black Creek Group’s real estate investment advisory and distribution business (the “Black Creek Acquisition”), which relieved the associated liability following the maximum contingent payment being met as of December 31, 2022. Pursuant to an agreement with the recipients of the Black Creek Acquisition management incentive program, a portion of such AOG Units were issued in lieu of cash consideration which was payable pursuant to the Black Creek Acquisition management incentive program. Issuances of Class C Common stock corresponds with increases in Ares Owners Holdings L.P.’s ownership interest in the AOG entities.

Schedule of Ownership Interests

The following table presents each partner’s AOG Units and corresponding ownership interest in each of the Ares Operating Group entities, as well as its daily average ownership of AOG Units in each of the Ares Operating Group entities:

							Daily Average Ownership
	As of June 30, 2023			As of December 31, 2022			Three months ended June 30,				Six months ended June 30,
	AOG Units	Direct Ownership Interest		AOG Units	Direct Ownership Interest		2023		2022		2023		2022
Ares Management Corporation	184,721,719	60.68	%	177,381,947	60.21	%	60.37	%	59.66	%	60.25	%	59.58	%
Ares Owners Holdings, L.P.	119,674,321	39.32		117,231,288	39.79		39.63		40.34		39.75		40.42
Total	304,396,040	100.00	%	294,613,235	100.00	%

Schedule of Redeemable Interests

The following table summarizes the activities associated with the redeemable interest in Ares Operating Group entities:

	Total
Balance - December 31, 2021	$	96,008
Changes in ownership interests and related tax benefits	231
Net income	399
Currency translation adjustment, net of tax	(331)
Equity compensation	48
Distributions	(8)
Balance - March 31, 2022	96,347
Changes in ownership interests and related tax benefits	(1,445)
Net loss	(457)
Currency translation adjustment, net of tax	(996)
Equity compensation	77
Distributions	(8)
Balance - June 30, 2022	93,518
Changes in ownership interests and related tax benefits	1,214
Net income	93
Currency translation adjustment, net of tax	(933)
Equity compensation	77
Distributions	(1,861)
Balance - September 30, 2022	92,108
Net loss	(886)
Currency translation adjustment, net of tax	1,834
Equity compensation	83
Distribution	(10)
Balance - December 31, 2022	93,129
Changes in ownership interests and related tax benefits	(66,506)
Net loss	(1,824)
Currency translation adjustment, net of tax	(148)
Equity compensation	174
Distributions	(2,883)
Balance - March 31, 2023	21,942
Net income	734
Currency translation adjustment, net of tax	(159)
Balance- June 30, 2023	$	22,517

The following table summarizes the activities associated with the redeemable interest in Consolidated Funds:

	Total
Balance - December 31, 2021	$	1,000,000
Change in redemption value	—
Balance - March 31, 2022	1,000,000
Change in redemption value	—
Balance - June 30, 2022	1,000,000
Change in redemption value	4,994
Balance - September 30, 2022	1,004,994
Change in redemption value	8,288
Balance - December 31, 2022	1,013,282
Change in redemption value	10,504
Redemption	(538,985)
Balance - March 31, 2023	484,801
Gross proceeds from the initial public offering of AAC II	500,000
Change in redemption value	15,948
Balance - June 30, 2023	$	1,000,749