UNITHOLDERS' CAPITAL (Tables)

9 Months Ended

Sep. 30, 2020

Stockholders' Equity Note [Abstract]

The following table sets forth a summary of net income attributable to the preferred unitholders, the OCGH non-controlling interest and the Class A common unitholders:


	Three months ended September 30,				Nine months ended September 30,
	2020		2019		2020		2019
Weighted average Oaktree Operating Group units outstanding (in thousands):
OCGH non-controlling interest	61,385		83,666		61,508		84,796
Class A unitholders	98,677		75,995		98,457		74,005
Total weighted average units outstanding	160,062		159,661		159,965		158,801
Oaktree Operating Group net income (loss):
Net income attributable to preferred unitholders (1)	$	6,829	$	6,829	$	20,487	$	20,487
Net income (loss) attributable to OCGH non-controlling interest	28,993		(7,389)		(13,306)		107,480
Net income (loss) attributable to OCG Class A unitholders	45,902		(6,708)		(19,878)		91,226
Oaktree Operating Group net income (loss) (2)	$	81,724	$	(7,268)	$	(12,697)	$	219,193
Net income (loss) attributable to OCG Class A unitholders:
Oaktree Operating Group net income (loss) attributable to OCG Class A unitholders	$	45,902	$	(6,708)	$	(19,878)	$	91,226
Non-Operating Group expense	(348)		(3,967)		(906)		(8,287)
Income tax benefit (expense) of Intermediate Holding Companies	—		(5,973)		—		(9,889)
Net income (loss) attributable to OCG Class A unitholders	$	45,554	$	(16,648)	$	(20,784)	$	73,050

(1) Represents distributions declared, if any, on the preferred units.

(2) Oaktree Operating Group net income does not include amounts attributable to other non-controlling interests, which amounted to $0 for the three and nine months ended September 30, 2020, and $518 and $1,779 for the three and nine months ended September 30, 2019, respectively.

Changes in Company Ownership Interest

The change in the Company’s ownership interest in the Oaktree Operating Group is set forth below:


	Three months ended September 30,				Nine months ended September 30,
	2020		2019		2020		2019

Net income (loss) attributable to OCG Class A unitholders	$	45,554	$	(16,648)	$	(20,784)	$	73,050
Equity reallocation between controlling and non-controlling interests	(184)		267,715		1,829		304,280
Change from net income (loss) attributable to OCG Class A unitholders and transfers from non-controlling interests	$	45,370	$	251,067	$	(18,955)	$	377,330