Artisan Partners Asset Management (APAM) 10-Q 2 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	6 Months Ended
	Jun. 30, 2016	Jul. 29, 2016
Document Information [Line Items]
Entity Registrant Name	Artisan Partners Asset Management Inc.
Entity Central Index Key	1,517,302
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Amendment Flag	false
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		42,025,712
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		16,820,578
Class C Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		15,629,101

Unaudited Consolidated Statemen

Unaudited Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents	$ 197,789	$ 166,193
Accounts receivable	62,824	60,058
Investment securities	10,479	10,290
Property and equipment, net	19,466	17,995
Deferred tax assets	691,919	678,537
Prepaid expenses and other assets	13,420	12,773
Total assets	995,897	945,846
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable, accrued expenses, and other	25,616	27,132
Accrued incentive compensation	63,896	13,748
Borrowings	199,395	199,314
Amounts payable under tax receivable agreements	591,741	589,101
Total liabilities	880,648	829,295
Commitments and contingencies
Additional paid-in capital	111,944	116,448
Retained earnings	12,444	13,238
Accumulated other comprehensive income (loss)	(1,009)	(375)
Total stockholders’ equity	124,124	130,045
Noncontrolling interest - Artisan Partners Holdings	(8,875)	(13,494)
Total equity	115,249	116,551
Total liabilities and equity	995,897	945,846
Class A Common Stock
LIABILITIES AND STOCKHOLDERS' EQUITY
Common stock	420	394
Class B Common Stock
LIABILITIES AND STOCKHOLDERS' EQUITY
Common stock	169	183
Class C Common Stock
LIABILITIES AND STOCKHOLDERS' EQUITY
Common stock	$ 156	$ 157

Unaudited Consolidated Stateme3

Unaudited Consolidated Statements of Financial Condition (Parenthetical) - $ / shares	Jun. 30, 2016	Dec. 31, 2015
Common stock, shares outstanding	74,475,391	73,408,928
Class A Common Stock
Common stock, par value per share	$ 0.01	$ 0.01
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares outstanding	42,025,712	39,432,605
Class B Common Stock
Common stock, par value per share	$ 0.01	$ 0.01
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares outstanding	16,820,578	18,327,222
Class C Common Stock
Common stock, par value per share	$ 0.01	$ 0.01
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares outstanding	15,629,101	15,649,101

Unaudited Consolidated Stateme4

Unaudited Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenues
Management fees	$ 180,138	$ 210,426	$ 354,516	$ 413,655
Performance fees	630	1,147	781	1,493
Total revenues	180,768	211,573	355,297	415,148
Compensation and benefits
Salaries, incentive compensation and benefits	88,011	93,708	175,491	192,135
Pre-offering related compensation - share-based awards	7,136	10,650	14,955	21,064
Total compensation and benefits	95,147	104,358	190,446	213,199
Distribution and marketing	8,404	11,736	16,562	23,398
Occupancy	3,186	2,954	6,367	5,966
Communication and technology	8,480	6,441	15,697	11,654
General and administrative	6,538	7,771	12,487	14,789
Total operating expenses	121,755	133,260	241,559	269,006
Total operating income	59,013	78,313	113,738	146,142
Non-operating income (loss)
Interest expense	(2,934)	(2,978)	(5,839)	(5,857)
Net Investment Income (loss)	(18)	416	(18)	416
Net gain (loss) on the tax receivable agreements	0	0	0	(6,427)
Other non-operating income (expense)	49	4	64	9
Total non-operating income (loss)	(2,903)	(2,558)	(5,793)	(11,859)
Income before income taxes	56,110	75,755	107,945	134,283
Provision for income taxes	12,634	16,497	24,151	21,579
Net income before noncontrolling interests	43,476	59,258	83,794	112,704
Less: Net income attributable to noncontrolling interests - Artisan Partners Holdings	25,092	35,522	49,149	69,454
Net income attributable to Artisan Partners Asset Management Inc.	$ 18,384	$ 23,736	$ 34,645	$ 43,250
Earnings (loss) per share
Basic and diluted earnings (loss) per share	$ 0.38	$ 0.50	$ 0.74	$ 0.95
Weighted average number of common shares outstanding
Basic and diluted weighted average number of common shares outstanding	38,023,586	35,992,493	37,497,268	34,322,266
Dividends declared per Class A common share	$ 0.60	$ 0.60	$ 1.60	$ 2.15

Unaudited Consolidated Stateme5

Unaudited Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net income before noncontrolling interests	$ 43,476	$ 59,258	$ 83,794	$ 112,704
Unrealized gain (loss) on investment securities, net of tax of $49, $(19), $50, and $69, respectively	163	333	137	563
Less: reclassification adjustment for gain (loss) included in net income	(18)	416	(18)	416
Net unrealized gain (loss) on investment securities	181	(83)	155	147
Unrealized gain (loss) on investment securities:
Foreign currency translation gain (loss)	(922)	534	(1,209)	112
Total other comprehensive income (loss)	(741)	451	(1,054)	259
Comprehensive income	42,735	59,709	82,740	112,963
Comprehensive income attributable to noncontrolling interests - Artisan Partners Holdings	24,801	35,721	48,729	69,552
Comprehensive income attributable to Artisan Partners Asset Management Inc.	$ 17,934	$ 23,988	$ 34,011	$ 43,411

Unaudited Consolidated Stateme6

Unaudited Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Securities Arising During Period, Tax	$ 49	$ (19)	$ 50	$ 69

Unaudited Consolidated Stateme7

Unaudited Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common StockClass A Common Stock	Common StockClass B Common Stock	Common StockClass C Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income	Noncontrolling Interest	Deferred Tax Assets
Balance at beginning of period at Dec. 31, 2014	$ 107,499	$ 342	$ 215	$ 172	$ 93,524	$ 16,417	$ 206	$ (3,377)
Net income	112,704					43,250		69,454
Other comprehensive income - foreign currency translation	112						72	40
Other comprehensive income - available for sale investments, net of tax	182						60	122
Cumulative impact of changes in ownership of Artisan Partners Holdings, LP, net of tax	0				(5,235)		29	5,171	$ (35)
Amortization of equity-based compensation	39,391				20,507	0	0	18,884
Deferred tax assets, net of amounts payable under tax receivable agreements	25,987				25,987
Issuance of Class A common stock, net of issuance costs	176,014	38			175,976
Forfeitures	0		(4)	3	1
Issuance of restricted stock awards		6			(6)
Exchange of subsidiary equity	0	5	(3)	(2)	0	0	0	0
Purchase of equity and subsidiary equity	(176,558)	0	(24)	(14)	(176,520)	0	0	0
Distributions	(96,657)							(96,657)
Dividends	(76,610)				(32,783)	(43,827)
Balance at end of period at Jun. 30, 2015	112,029	391	184	159	101,451	15,840	367	(6,363)
Balance at beginning of period at Dec. 31, 2015	116,551	394	183	157	116,448	13,238	(375)	(13,494)
Net income	83,794					34,645		49,149
Other comprehensive income - foreign currency translation	(1,209)						(671)	(538)
Other comprehensive income - available for sale investments, net of tax	156						79	77
Cumulative impact of changes in ownership of Artisan Partners Holdings, LP, net of tax	0				(2,168)		(42)	2,209	$ (1)
Amortization of equity-based compensation	36,956				21,002	(409)	0	16,363
Deferred tax assets, net of amounts payable under tax receivable agreements	6,686				6,686
Issuance of Class A common stock, net of issuance costs	(22)	0	0	0	(22)
Forfeitures	0	0	0	0	0	0	0	0
Issuance of restricted stock awards		11	0	0	(11)
Employee net share settlement	(334)	0	0	0	(180)	0	0	(154)
Exchange of subsidiary equity		15	(14)	(1)
Distributions	(62,424)							(62,424)
Dividends	(64,904)				(29,811)	(35,030)		(63)
Balance at end of period at Jun. 30, 2016	$ 115,249	$ 420	$ 169	$ 156	$ 111,944	$ 12,444	$ (1,009)	$ (8,875)

Unaudited Consolidated Stateme8

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities
Net income before noncontrolling interests	$ 83,794	$ 112,704
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	2,417	2,086
Deferred income taxes	16,847	7,761
Gain (Loss) on Investments	(18)	416
Net loss on the tax receivable agreements	0	6,427
Loss on disposal of property and equipment	34	17
Amortization of debt issuance costs	224	224
Share-based compensation	36,956	39,391
Excess tax benefit on share-based awards	0	(1,153)
Change in assets and liabilities resulting in an increase (decrease) in cash:
Accounts receivable	(2,767)	(7,364)
Prepaid expenses and other assets	(2,099)	(1,846)
Accounts payable and accrued expenses	49,198	60,795
Class B liability awards	(574)	(4,161)
Deferred lease obligations	38	(155)
Net cash provided by operating activities	184,086	214,310
Cash flows from investing activities
Acquisition of property and equipment	(3,442)	(1,175)
Leasehold improvements	(429)	(1,597)
Proceeds from sale of investment securities	10	965
Purchase of investment securities	14	6,750
Net cash used in investing activities	(3,875)	(8,557)
Cash flows from financing activities
Partnership distributions	(62,424)	(96,657)
Dividends Paid	(64,904)	(76,610)
Change in other liabilities	0	(34)
Payment under the tax receivable agreements	20,953	0
Net proceeds from issuance of common stock	0	176,558
Payment of costs directly associated with the issuance of Class A common stock		(425)
Purchase equity and subsidiary equity	0	(176,558)
Taxes paid related to employee net share settlement	(334)	0
Excess tax benefit on share based awards	0	1,153
Net cash used in financing activities	(148,615)	(172,573)
Net increase (decrease) in cash and cash equivalents	31,596	33,180
Cash and cash equivalents
Beginning of period	166,193	182,284
End of period	197,789	215,464
Noncash activity:
Establishment of deferred tax assets	30,279	128,788
Establishment of amounts payable under tax receivable agreements	$ 23,593	$ 103,954

Nature of Business and Organiza

Nature of Business and Organization	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business and Organization	Note 1. Nature of Business and Organization Nature of Business Artisan Partners Asset Management Inc. (“APAM” or “Artisan”) is an investment management firm focused on providing high-value added, active investment strategies to sophisticated clients globally. Artisan has seven autonomous investment teams that manage a broad range of U.S., non-U.S. and global investment strategies. Strategies are offered through multiple investment vehicles to accommodate a broad range of client mandates. Artisan offers its investment management services primarily to institutions and through intermediaries that operate with institutional-like decision-making processes and have long-term investment horizons. Organization On March 12, 2013, APAM completed its initial public offering (the “IPO”). APAM was formed for the purpose of becoming the general partner of Artisan Partners Holdings LP (“Artisan Partners Holdings” or “Holdings”) in connection with the IPO. Holdings is a holding company for the investment management business conducted under the name “Artisan Partners”. The reorganization (“IPO Reorganization”) established the necessary corporate structure to complete the IPO while at the same time preserving the ability of the firm to conduct operations through Holdings and its subsidiaries. As the sole general partner, APAM controls the business and affairs of Holdings. As a result, APAM consolidates Holdings’ financial statements and records a noncontrolling interest for the equity interests in Holdings held by the limited partners of Holdings. At June 30, 2016 , APAM held approximately 56% of the equity ownership interest in Holdings. APAM has been allocated a part of Artisan Partners Holdings’ net income since March 12, 2013, when it became Holdings’ general partner. APAM and its subsidiaries are hereafter referred to collectively as “Artisan” or the “Company”. Holdings Unit Exchanges During the six months ended June 30, 2016 , certain limited partners of Artisan Partners Holdings exchanged common units (along with a corresponding number of shares of Class B or C common stock of APAM) for shares of Class A common stock (the “Holdings Common Unit Exchanges”). The following common units were exchanged for APAM Class A common stock during the six months ended June 30, 2016 : Total Common Units Exchanged Class A Common Units Class B Common Units Class E Common Units Common units exchanged on March 3, 2016 764,971 — 754,971 10,000 Common units exchanged on May 3, 2016 761,673 — 751,673 10,000 Total Units Exchanged in 2016 1,526,644 — 1,506,644 20,000 The corresponding shares of APAM Class B and Class C common stock were immediately canceled upon exchange. The Holdings Common Unit Exchanges increased APAM’s equity ownership interest in Holdings and resulted in a combined increase to deferred tax assets of approximately $27.8 million and an increase in amounts payable under the tax receivable agreements of approximately $23.6 million .

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2016
Policy Text Block [Abstract]
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies Basis of presentation The accompanying financial statements are unaudited. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, necessary for a fair statement of such consolidated financial statements have been included. Such interim results are not necessarily indicative of full year results. The consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial reporting and accordingly they do not include all of the information and footnotes required in the annual consolidated financial statements and accompanying footnotes. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP. As a result, the interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in APAM’s latest annual report on Form 10-K. The accompanying financial statements were prepared in accordance with U.S. GAAP and related rules and regulations of the SEC. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates or assumptions that affect the reported amounts and disclosures in the financial statements. Actual results could differ from these estimates or assumptions. Principles of consolidation Artisan’s policy is to consolidate all subsidiaries or other entities in which it has a controlling financial interest. The consolidation guidance requires an analysis to determine if an entity should be evaluated for consolidation using the voting interest entity (“VOE”) model or the variable interest entity (“VIE”) model. Under the VOE model, controlling financial interest is generally defined as a majority ownership of voting interests. Under the VIE model, controlling financial interest is defined as the power to direct activities that most significantly impact the economic performance of the entity and the right to receive potentially significant benefits or the obligation to absorb potentially significant losses. The consolidated financial statements include the accounts of APAM and all subsidiaries or other entities in which APAM has a direct or indirect controlling financial interest. All material intercompany balances have been eliminated in consolidation. Artisan serves as the investment adviser for Artisan Partners Funds, Inc. (“Artisan Funds”), a family of mutual funds registered with the SEC under the Investment Company Act of 1940, and Artisan Partners Global Funds plc (“Artisan Global Funds”), a family of Ireland-based UCITS. Artisan Funds and Artisan Global Funds are corporate entities the business and affairs of which are managed by their respective boards of directors. The shareholders of the funds retain all voting rights, including the right to elect and reelect members of their respective boards of directors. As a result, each of these entities is a VOE and is evaluated for consolidation under the VOE model. The Company makes initial seed investments in sponsored investment portfolios, including series of Artisan Funds and Artisan Global Funds, at the portfolio’s formation, which are made on the same terms as are available to other investors. If the seed investment results in a controlling financial interest, APAM consolidates the fund, and the underlying individual securities are accounted for as trading securities. Seed investments in which the Company does not have a controlling financial interest are classified as available-for-sale investments. As of June 30, 2016 , APAM does not have a controlling financial interest in any sponsored investment portfolio or series of Artisan Funds or Artisan Global Funds and therefore does not consolidate these entities. Recent accounting pronouncements Accounting standards adopted as of January 1, 2016 In February 2015, the Financial Accounting Standards Board (“FASB”) issued ASU 2015-02, Amendments to the Consolidation Analysis . The ASU modified existing consolidation guidance for determining whether certain legal entities should be consolidated. The ASU eliminated the deferral under ASU 2010-10, Amendments for Certain Investment Funds, and, as a result, the Company must apply the new guidance to all entities, including investment companies. The presumption that a general partner controls a limited partnership was eliminated. In addition, fees paid to decision makers that meet certain conditions no longer cause the decision makers to consolidate VIEs, in certain instances. The new guidance was effective on January 1, 2016, and did not impact the Company’s consolidated financial statements for the periods presented. In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs , which requires debt issuance costs to be presented in the balance sheet as a direct deduction from the note liability, rather than presented as an asset. The new guidance was effective on January 1, 2016, and requires a retrospective approach to adoption. At June 30, 2016 and December 31, 2015, the Company had approximately $0.6 million and $0.7 million , respectively, of debt issuance costs that met the criteria of this amendment and are now presented as a reduction to Borrowings in the Unaudited Condensed Consolidated Statements of Financial Condition. In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting . The ASU is intended to simplify several aspects of the accounting for share-based payment transactions, including income tax consequences, classification on the statement of cash flows, and accounting for the forfeiture of share-based awards. The updated guidance is effective for reporting periods beginning after December 15, 2016. Early adoption is permitted in any interim period; if early adoption is elected, the entity must adopt all of the amendments in the same reporting period and reflect any adjustments as of the beginning of the fiscal year. The Company adopted the guidance as of January 1, 2016. As part of the guidance, all excess tax benefits and tax deficiencies (including tax benefits of dividends on share-based payment awards) are now recognized as income tax expense or benefit in the income statement. Previously, excess tax benefits were recognized in additional paid-in-capital. The amendment also requires excess tax benefits to be classified along with other income tax cash flows as an operating activity. The amendments related to the recognition of excess tax benefits and presentation of excess tax benefits in the statement of cash flows are applied prospectively as of January 1, 2016. ASU 2016-09 also allows entities to elect as an accounting policy either to continue to estimate the total number of awards for which the requisite service period will not be rendered (as previously required) or to account for forfeitures when they occur. The Company has elected to account for forfeitures when they occur, since that approach is expected to better reflect periodic compensation costs. The change in accounting for forfeitures is applied using a modified retrospective transition method by means of a cumulative-effect adjustment to equity. As of January 1, 2016, retained earnings decreased by $0.4 million and additional paid-in-capital increased by $0.4 million to reflect the change in accounting principle. Accounting standards not yet adopted In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers , which supersedes existing accounting standards for revenue recognition and creates a single framework. The new guidance will be effective on January 1, 2018 with early adoption permitted as of January 1, 2017. The Company is currently evaluating its transition method and the potential impact on its consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities, which requires all equity investments to be measured at fair value with changes in the fair value recognized through net income. ASU 2016-01 will be effective on January 1, 2018 and will result in a cumulative-effect adjustment to the Company’s Consolidated Statements of Financial Condition upon adoption. After adoption, the Company’s unrealized gains (losses) on available-for-sale investment securities will be recognized through net income, which will be a change from the current treatment of recognition in other comprehensive income (loss). In February 2016, the FASB issued ASU 2016-02, Leases, which introduces a lessee model that brings most leases on the balance sheet. The new guidance will be effective on January 1, 2019 and will require a modified retrospective approach to adoption. Early adoption is permitted. The Company is currently evaluating the impact of adoption on its consolidated financial statements.

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Investment securities	Note 3. Investment Securities The disclosures below include details of Artisan’s investments. Cost Unrealized Unrealized Fair Value June 30, 2016 Mutual funds $ 10,055 $ 690 $ (266 ) $ 10,479 December 31, 2015 Mutual funds $ 10,069 $ 832 $ (611 ) $ 10,290 Artisan’s investments in mutual funds consist of investments in shares of Artisan Funds and Artisan Global Funds and are considered to be available-for-sale securities. As a result, unrealized gains (losses) are recorded to other comprehensive income (loss). As of June 30, 2016 and December 31, 2015, the total fair value of investments in an unrealized loss position was $6.8 million and $4.4 million , respectively. The $266 thousand unrealized losses on available-for-sale securities are considered temporary, based on the severity and duration of the unrealized losses. No impairment losses were recorded on these available-for-sale securities.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 4. Fair Value Measurements The table below presents information about Artisan’s assets and liabilities that are measured at fair value and the valuation techniques Artisan utilized to determine such fair value. In accordance with ASC 820, fair value is defined as the price that Artisan would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. The following three-tier fair value hierarchy prioritizes the inputs used in measuring fair value: • Level 1 – Observable inputs such as quoted (unadjusted) market prices in active markets for identical securities. • Level 2 – Other significant observable inputs (including but not limited to quoted prices for similar instruments, interest rates, prepayment speeds, credit risk, etc.). • Level 3—Significant unobservable inputs (including Artisan’s own assumptions in determining fair value). The following provides the hierarchy of inputs used to derive fair value of Artisan’s assets and liabilities that are financial instruments as of June 30, 2016 and December 31, 2015 : Assets and Liabilities at Fair Value Total Level 1 Level 2 Level 3 June 30, 2016 Assets Cash equivalents $ 114,061 $ 114,061 $ — $ — Mutual funds 10,479 10,479 — — December 31, 2015 Assets Cash equivalents $ 49,005 $ 49,005 $ — $ — Mutual funds 10,290 10,290 — — Fair values determined based on Level 1 inputs utilize quoted market prices for identical assets. Level 1 assets generally consist of money market funds, marketable open-end mutual funds and UCITS funds. There were no Level 2 or Level 3 assets or liabilities recorded at fair value as of June 30, 2016 and December 31, 2015 . Artisan’s policy is to recognize transfers in and transfers out of the valuation levels as of the beginning of the reporting period. There were no transfers between Level 1, Level 2 or Level 3 securities during the six months ended June 30, 2016 and 2015 .

Borrowings

Borrowings	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Borrowings	Note 5. Borrowings Artisan’s borrowings consist of the following as of June 30, 2016 and December 31, 2015 : Maturity Outstanding Balance Interest Rate Per Annum Revolving credit agreement August 2017 $ — NA Senior notes Series A August 2017 60,000 4.98 % Series B August 2019 50,000 5.32 % Series C August 2022 90,000 5.82 % Total borrowings $ 200,000 The fair value of borrowings was approximately $205.2 million as of June 30, 2016 . Fair value was determined based on future cash flows, discounted to present value using current market interest rates. The inputs are categorized as Level 2 in the fair value hierarchy, as defined in Note 4, “Fair Value Measurements” . Interest expense incurred on the unsecured notes and revolving credit agreement was $2.7 million for the three months ended June 30, 2016 and 2015 , and $5.5 million for the six months ended June 30, 2016 and 2015. As of June 30, 2016 , the aggregate maturities of debt obligations, based on their contractual terms, are as follows: 2016 $ — 2017 60,000 2018 — 2019 50,000 2020 — Thereafter 90,000 $ 200,000

Noncontrolling interest - Holdi

Noncontrolling interest - Holdings	6 Months Ended
	Jun. 30, 2016
Noncontrolling Interest [Abstract]
Noncontrolling interest - Holdings	Note 6. Noncontrolling interest - Holdings Holdings is the predecessor of APAM for accounting purposes, and its consolidated financial statements are Artisan’s historical financial statements for periods prior to March 12, 2013, the date on which APAM became the general partner (“GP”) of Holdings. As of June 30, 2016 , APAM held approximately 56% of the equity ownership interests in Holdings. Net income attributable to noncontrolling interests - Artisan Partners Holdings in the Unaudited Consolidated Statements of Operations represents the portion of earnings attributable to the equity ownership interests in Holdings held by the limited partners of Holdings. In order to maintain the one-to-one correspondence of the number of Holdings partnership units and APAM common shares, Holdings will issue one GP unit to APAM for each share of Class A common stock APAM issues. During the six months ended June 30, 2016 , APAM’s equity ownership interest in Holdings increased as a result of the following transactions: Holdings GP Units Limited Partnership Units Total APAM Ownership % As of December 31, 2015 39,432,605 33,976,323 73,408,928 54 % Issuance of APAM Restricted Shares (1) 1,082,035 — 1,082,035 — % Holdings Common Unit Exchanges 1,526,644 (1,526,644 ) — 2 % Restricted Share Award Net Share Settlement (1) (12,862 ) — (12,862 ) — % Forfeitures of Holdings GP Units from Employee Terminations (1) (2,710 ) — (2,710 ) — % As of June 30, 2016 42,025,712 32,449,679 74,475,391 56 % (1) The impact of the transaction on APAM’s ownership percentage was less than 1%. Since APAM continues to have a controlling interest in Holdings, changes in ownership of Holdings are accounted for as equity transactions. Additional paid-in capital and Noncontrolling interest - Artisan Partners Holdings in the Unaudited Condensed Consolidated Statements of Financial Condition are adjusted to reallocate Holdings’ historical equity to reflect the change in APAM’s ownership of Holdings. The reallocation of equity had the following impact on the Unaudited Condensed Consolidated Statements of Financial Condition: For the Six Months Ended June 30, 2016 2015 Additional paid-in capital $ (2,168 ) $ (5,235 ) Noncontrolling interest - Artisan Partners Holdings 2,209 5,171 Accumulated other comprehensive income (loss) (42 ) 29 Deferred tax assets 1 35 Net balance sheet impact — — In addition to the reallocation of historical equity, the change in ownership resulted in an increase to deferred tax assets and additional paid in capital of $2.5 million for the six months ended June 30, 2016 and $6.5 million for the six months ended June 30, 2015 .

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2016
Stockholders' Equity Note [Abstract]
Shareholder's equity	Note 7. Stockholders’ Equity APAM - Stockholders’ Equity As of June 30, 2016 and December 31, 2015 , APAM had the following authorized and outstanding equity: Outstanding Authorized June 30, 2016 December 31, 2015 Voting Rights (1) Economic Rights Common shares Class A, par value $0.01 per share 500,000,000 42,025,712 39,432,605 1 vote per share Proportionate Class B, par value $0.01 per share 200,000,000 16,820,578 18,327,222 5 votes per share None Class C, par value $0.01 per share 400,000,000 15,629,101 15,649,101 1 vote per share None (1) The Company’s employees to whom Artisan has granted equity have entered into a stockholders agreement with respect to all shares of APAM common stock they have acquired from the Company and any shares they may acquire from the Company in the future, pursuant to which they granted an irrevocable voting proxy to a Stockholders Committee. As of June 30, 2016, Artisan’s employees held 3,795,914 restricted shares of Class A common stock subject to the agreement and all 16,820,578 outstanding shares of Class B common stock. APAM is dependent on cash generated by Holdings to fund any dividends. Generally, Holdings will make distributions to all of its partners, including APAM, based on the proportionate ownership each holds in Holdings. APAM will fund dividends to its stockholders from its proportionate share of those distributions after provision for its taxes and other obligations. APAM declared and paid the following dividends per share during the three and six months ended June 30, 2016 and 2015 : Type of Dividend Class of Stock For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015 2016 2015 Quarterly Class A Common $ 0.60 $ 0.60 $ 1.20 $ 1.20 Special Annual Class A Common $ — $ — $ 0.40 $ 0.95 APAM issued (canceled) the following shares during the six months ended June 30, 2016 : Total Stock Class A Common Stock (1) Class B Common Stock Class C Common Stock Balance at December 31, 2015 73,408,928 39,432,605 18,327,222 15,649,101 Holdings Common Unit Exchanges — 1,526,644 (1,506,644 ) (20,000 ) Restricted Share Award Grants 1,082,035 1,082,035 — — Restricted Share Award Net Share Settlement (12,862 ) (12,862 ) — — Employee/Partner Terminations (2,710 ) (2,710 ) — — Balance at June 30, 2016 74,475,391 42,025,712 16,820,578 15,629,101 (1) There were 178,401 and 122,990 restricted stock units outstanding at June 30, 2016 and December 31, 2015, respectively. Restricted stock units are not reflected in the table because they are not considered outstanding or issued stock. Each Class A, Class B, Class D and Class E common unit of Holdings (together with the corresponding share of Class B or Class C common stock) is exchangeable for one share of Class A common stock. The corresponding shares of Class B and Class C common stock are immediately canceled upon any such exchange. Upon termination of employment with Artisan, an employee-partner’s unvested Class B common units are forfeited. Generally, the employee-partner’s vested Class B common units are exchanged for Class E common units; the employee-partner’s shares of Class B common stock are canceled; and APAM issues the former employee-partner a number of shares of Class C common stock equal to the former employee-partner’s number of Class E common units. Class E common units are exchangeable for Class A common stock subject to the same restrictions and limitations on exchange applicable to the other common units of Holdings. Artisan Partners Holdings - Partners’ Equity Holdings makes distributions of its net income to the holders of its partnership units for income taxes as required under the terms of the partnership agreement and also makes additional distributions under the terms of the partnership agreement. The distributions are recorded in the financial statements on the declaration date, or on the payment date in lieu of a declaration date. Holdings’ partnership distributions for the three and six months ended June 30, 2016 and 2015 , were as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015 2016 2015 Holdings Partnership Distributions to Limited Partners $ 43,095 $ 54,552 $ 62,424 $ 96,657 Holdings Partnership Distributions to APAM 50,809 54,642 73,241 91,907 Total Holdings Partnership Distributions $ 93,904 $ 109,194 $ 135,665 $ 188,564 The distributions are recorded as a reduction to consolidated stockholders’ equity, with the exception of distributions made to APAM, which are eliminated upon consolidation.

Compensation and Benefits

Compensation and Benefits	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Compensation and benefits	Note 8. Compensation and Benefits Total compensation and benefits consists of the following: For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015 2016 2015 Salaries, incentive compensation and benefits (1) $ 77,212 $ 84,673 $ 154,308 $ 174,577 Restricted share-based award compensation expense 10,799 9,035 21,183 17,558 Total salaries, incentive compensation and benefits 88,011 93,708 175,491 192,135 Pre-offering related compensation - share-based awards 7,136 10,650 14,955 21,064 Total compensation and benefits $ 95,147 $ 104,358 $ 190,446 $ 213,199 (1) Excluding restricted share-based award compensation expense Incentive compensation Cash incentive compensation paid to members of Artisan’s portfolio management teams and members of its distribution teams is generally based on formulas that are tied directly to revenues. These payments are made in the quarter following the quarter in which the incentive was earned with the exception of fourth quarter payments which are paid in the fourth quarter of the year. Cash incentive compensation paid to most other employees is discretionary and subjectively determined based on individual performance and Artisan’s overall results during the applicable year and has historically been paid in the fourth quarter of the year. The cash incentive compensation earned by executive officers for the year ended December 31, 2015, was paid in the three months ended March 31, 2016. Restricted share-based awards Artisan has registered 14,000,000 shares of Class A common stock for issuance under the 2013 Omnibus Incentive Compensation Plan (the “Plan”). Pursuant to the Plan, APAM has granted a combination of restricted stock awards and restricted stock units (collectively referred to as “restricted share-based awards”) of Class A common stock to employees. The restricted share-based awards generally vest on a pro rata basis over five years. Certain share-based awards will vest upon a combination of both (1) pro-rata annual time vesting and (2) qualifying retirement (as defined in the award agreements). Unvested awards are subject to forfeiture upon termination of employment. Grantees receiving the awards are entitled to dividends on unvested and vested shares and units. As of June 30, 2016 , 9,234,275 shares of Class A common stock were reserved and available for issuance under the Plan. During the six months ended June 30, 2016 , Artisan granted 1,082,035 restricted stock awards and 20,625 restricted stock units of Class A common stock to employees of the Company. Total compensation expense associated with the 2016 grants is expected to be approximately $33.6 million . Compensation expense related to the restricted share-based awards is recognized based on the estimated grant date fair value on a straight-line basis over the requisite service period of the award. The initial requisite service period is generally five years for restricted share-based awards. As of January 1, 2016, the Company’s accounting policy is to record the impact of forfeitures when they occur. During the six months ended June 30, 2016 , compensation expense was reversed for 2,710 forfeited restricted stock awards. The following table summarizes the restricted share-based award activity for the six months ended June 30, 2016 : Weighted-Average Grant Date Fair Value Number of Awards Unvested at January 1, 2016 $ 51.58 2,861,984 Granted $ 30.51 1,102,660 Forfeited $ 47.44 (2,710 ) Vested $ 48.17 (65,395 ) Unvested at June 30, 2016 $ 45.68 3,896,539 Compensation expense recognized related to the restricted share-based awards was $10.8 million and $9.1 million for the three months ended June 30, 2016 and 2015, respectively, and $21.2 million and $17.6 million for the six months ended June 30, 2016 and 2015 , respectively. The unrecognized compensation expense for the unvested awards as of June 30, 2016 was $134.3 million with a weighted average recognition period of 3.5 years remaining. The initial requisite service period and remaining weighted average recognition period for all types of restricted share-based awards are substantially equivalent. During the six months ended June 30, 2016 , the Company withheld a total of 12,862 restricted shares as a result of net share settlements to satisfy employee tax withholding obligations. The Company paid $0.3 million in employee tax withholding obligations related to employee share transactions. These net share settlements had the effect of shares repurchased and retired by the Company, as they reduced the number of shares outstanding. Pre-offering related compensation - share-based awards Historical Class B share-based awards Holdings historically granted Class B share-based awards to certain employees. These awards vested over a period of five years. Prior to the IPO, all vested Class B awards were subject to mandatory redemption on termination of employment for any reason and were reflected as liabilities measured at fair value; unvested Class B awards were forfeited on termination of employment. The vested Class B liability awards of a terminated employee were historically redeemed in cash in annual installments, generally over the five years following termination of employment. The change in value of Class B liability awards and distributions to Class B limited partners were treated as compensation expense. Historical redemption of Class B awards Holdings historically redeemed the Class B awards of partners whose employment was terminated. The redemption value of the awards was determined in accordance with the terms of the grant agreement pursuant to which the award was granted. The remaining redemption payment liability for Class B awards of partners whose services to Holdings terminated prior to the IPO was $5.0 million and $5.6 million as of June 30, 2016 and December 31, 2015 , respectively. Payments of $0.6 million and $4.2 million were made during the six months ended June 30, 2016 and 2015 , respectively. Modification of Class B awards As a part of the IPO Reorganization, the Class B grant agreements were amended to eliminate the cash redemption feature. The amendment was considered a modification under ASC 718 and the Class B awards have been classified as equity awards since such modification. Compensation expense is recorded for unvested Class B awards on a straight-line basis over the remaining vesting period. The following table summarizes the activity related to unvested Class B awards for the six months ended June 30, 2016 : Weighted-Average Grant Date Fair Value Number of Class B Awards Unvested Class B awards at January 1, 2016 $ 30.00 2,348,334 Granted — — Forfeited — — Vested $ 30.00 (445,331 ) Unvested at June 30, 2016 $ 30.00 1,903,003 Compensation expense recognized related to the unvested Class B awards was $7.2 million and $10.7 million for the three months ended June 30, 2016 and 2015 , respectively, and $15.0 million and $21.1 million for the six months ended June 30, 2016 and 2015 , respectively. The unrecognized compensation expense for the unvested Class B awards as of June 30, 2016 was $28.5 million with a weighted average recognition period of 1.0 years remaining.

Income Taxes and Related Paymen

Income Taxes and Related Payments	6 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income taxes and related payments	Note 9. Income Taxes and Related Payments APAM is subject to U.S. federal, state and local income taxation on APAM’s allocable portion of Holdings’ income. APAM’s effective income tax rate was lower than the U.S. federal statutory rate of 35% primarily due to a rate benefit attributable to the fact that, for the three and six months ended June 30, 2016, approximately 46% of Artisan Partners Holdings’ taxable earnings were attributable to other partners and not subject to corporate-level taxes. This favorable impact is partially offset by the impact of certain permanent items, primarily attributable to pre-IPO share-based compensation expenses, that are not deductible for tax purposes. These factors are expected to continue to impact the effective tax rate for future years, although as APAM's equity ownership in Holdings increases, the effective tax rate will likewise increase as more income will be subject to corporate-level taxes. The effective tax rate will also be affected by the discrete tax impact of future dividends on unvested share-based awards and future vesting of restricted share-based awards based on fluctuations in the trading price of APAM’s Class A common stock between the grant date and vesting date. Components of the provision for income taxes consist of the following: For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015 2016 2015 Current: Federal $ 3,238 $ 7,074 $ 5,908 $ 12,114 State and local 506 1,021 1,050 1,541 Foreign 161 65 346 163 Total 3,905 8,160 7,304 13,818 Deferred: Federal 8,257 7,886 15,936 14,629 State and local 472 451 911 (6,868 ) Total 8,729 8,337 16,847 7,761 Income tax expense $ 12,634 $ 16,497 $ 24,151 $ 21,579 In connection with the IPO, APAM entered into two tax receivable agreements (“TRAs”). The first TRA generally provides for the payment by APAM to a private equity fund (the “Pre-H&F Corp Merger Shareholder”) of 85% of the applicable cash savings, if any, of U.S. federal, state and local income taxes that APAM actually realizes (or is deemed to realize in certain circumstances) as a result of (i) the tax attributes of the preferred units APAM acquired in the merger of a wholly-owned subsidiary of the Pre-H&F Corp Merger Shareholder into APAM in March 2013, (ii) net operating losses available as a result of the merger and (iii) tax benefits related to imputed interest. The second TRA generally provides for the payment by APAM to current or former limited partners of Holdings of 85% of the applicable cash savings, if any, of U.S. federal, state and local income taxes that APAM actually realizes (or is deemed to realize in certain circumstances) as a result of (i) certain tax attributes of their partnership units sold to APAM or exchanged (for shares of Class A common stock, convertible preferred stock or other consideration) and that are created as a result of such sales or exchanges and payments under the TRAs and (ii) tax benefits related to imputed interest. Under both agreements, APAM generally will retain the benefit of the remaining 15% of the applicable tax savings. For purposes of the TRAs, cash savings of income taxes are calculated by comparing APAM’s actual income tax liability to the amount it would have been required to pay had it not been able to utilize any of the tax benefits subject to the TRAs, unless certain assumptions apply. The TRAs will continue in effect until all such tax benefits have been utilized or expired, unless APAM exercises its right to terminate the agreements or payments under the agreements are accelerated in the event that APAM materially breaches any of its material obligations under the agreements. The actual increase in tax basis, as well as the amount and timing of any payments under these agreements, will vary depending upon a number of factors, including the timing of sales or exchanges by the holders of limited partnership units, the price of the Class A common stock at the time of such sales or exchanges, whether such sales or exchanges are taxable, the amount and timing of the taxable income APAM generates in the future and the tax rate then applicable and the portion of APAM’s payments under the TRAs constituting imputed interest or depreciable basis or amortizable basis. Payments under the TRAs, if any, will be made pro rata among all TRA counterparties entitled to payments on an annual basis to the extent APAM has sufficient taxable income to utilize the increased depreciation and amortization charges. Artisan expects to make one or more payments under the TRAs, to the extent they are required, prior to or within 125 days after APAM’s U.S. federal income tax return is filed for each fiscal year. Interest on the TRA payments will accrue at a rate equal to one-year LIBOR plus 100 basis points from the due date (without extension) of such tax return until such payments are made. Amounts payable under tax receivable agreements are estimates which may be impacted by factors, including but not limited to, expected tax rates, projected taxable income, and projected ownership levels and are subject to change. Changes in the estimates of amounts payable under tax receivable agreements are recorded as non-operating income (loss) in the Consolidated Statements of Operations. Transactions during the six months ended June 30, 2016 resulted in the following impact to deferred tax assets and amounts payable under the TRAs: Amounts payable under tax receivable agreements Deferred Tax Asset - Amortizable basis December 31, 2015 $ 589,101 $ 660,254 2016 Exchanges 23,593 27,756 Amortization — (17,656 ) Payments under TRA (20,953 ) — June 30, 2016 $ 591,741 $ 670,354 Net deferred tax assets comprise the following: As of June 30, 2016 As of December 31, 2015 Deferred tax assets: Amortizable basis (1) $ 670,354 $ 660,254 Other (2) 21,565 18,283 Total deferred tax assets 691,919 678,537 Less: valuation allowance (3) — — Net deferred tax assets $ 691,919 $ 678,537 (1) Represents the unamortized step-up of tax basis and other tax attributes from the merger described above, the purchase of common and preferred units by APAM, and the exchange of common and preferred units for Class A common shares of APAM. (2) Represents the net deferred tax assets associated with the merger described above and other miscellaneous deferred tax assets. (3) Artisan assessed whether the deferred tax assets would be realizable and determined based on its history of taxable income that the benefits would more likely than not be realized. Accordingly, no valuation allowance is required. Accounting standards establish a minimum threshold for recognizing, and a system for measuring, the benefits of income tax return positions in financial statements. There were no uncertain tax positions recorded as of June 30, 2016 and December 31, 2015 . In the normal course of business, Artisan is subject to examination by federal and certain state, local and foreign tax regulators. As of June 30, 2016 , U.S. federal income tax returns for the years 2013 through 2015 are open and therefore subject to examination. State and local tax returns are generally subject to examination from 2012 to 2014. Foreign tax returns are generally subject to examination from 2012 to 2015.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (loss)	Note 10. Accumulated Other Comprehensive Income (Loss) Accumulated other comprehensive income (loss), net of tax, in the accompanying Condensed Consolidated Statements of Financial Condition represents the portion of accumulated other comprehensive income attributable to APAM, and consists of the following: As of June 30, 2016 As of December 31, 2015 Unrealized gain (loss) on investments, net of tax $ 148 $ 77 Foreign currency translation gain (loss) (1,157 ) (452 ) Accumulated other comprehensive income (loss) $ (1,009 ) $ (375 ) Comprehensive income (loss) attributable to noncontrolling interests - Artisan Partners Holdings in the Consolidated Statements of Comprehensive Income (Loss) represents the portion of comprehensive income (loss) attributable to the equity ownership interests in Holdings held by the limited partners of Holdings.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Note 11. Earnings Per Share Basic earnings per share is computed under the two-class method by dividing income available to Class A common stockholders by the weighted average number of Class A common shares outstanding during the period. Unvested restricted share-based awards are excluded from the number of Class A common shares outstanding for the basic earnings per share calculation because the shares have not yet been earned by the employees. Income available to Class A common stockholders is computed by reducing net income attributable to APAM by earnings (distributed and undistributed) allocated to participating securities, according to their respective rights to participate in those earnings. Unvested share-based awards are participating securities because the awards include non-forfeitable dividend rights during the vesting period. Class B and Class C common shares do not share in profits of APAM and therefore are not reflected in the calculations. The computation of basic and diluted earnings per share under the two-class method for the three and six months ended June 30, 2016 and 2015 were as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, Basic and Diluted Earnings Per Share 2016 2015 2016 2015 Numerator: Net income attributable to APAM $ 18,384 $ 23,736 $ 34,645 $ 43,250 Less: Allocation to participating securities 4,121 5,638 6,878 10,726 Net income available to common stockholders $ 14,263 $ 18,098 $ 27,767 $ 32,524 Denominator: Weighted average shares outstanding 38,023,586 35,992,493 37,497,268 34,322,266 Earnings per share $ 0.38 $ 0.50 $ 0.74 $ 0.95 Allocation to participating securities generally represents dividends paid to holders of unvested restricted share-based awards. There were no dilutive securities outstanding during the six months ended June 30, 2015 and 2016. The Holdings limited partnership units are anti-dilutive primarily due to the impact of public company expenses and unrecognized share-based compensation expense. Unvested share-based awards are also anti-dilutive because they are considered participating securities. The following table summarizes the weighted-average shares outstanding that are excluded from the calculation of diluted earnings per share because their effect would have been anti-dilutive: For the Three Months Ended June 30, For the Six Months Ended June 30, Anti-Dilutive Weighted Average Shares Outstanding 2016 2015 2016 2015 Holdings limited partnership units 32,725,890 34,217,676 33,233,419 35,904,151 Unvested restricted share-based awards 3,904,554 3,330,863 3,638,178 3,162,097 Total 36,630,444 37,548,539 36,871,597 39,066,248

Indemnifications

Indemnifications	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Indemnifications	Note 12. Indemnifications In the normal course of business, APAM enters into agreements that include indemnities in favor of third parties. Holdings has also agreed to indemnify APAM as its general partner, Artisan Investment Corporation (“AIC”) as its former general partner, the directors and officers of APAM, the directors and officers of AIC as its former general partner, the members of its former Advisory Committee, and its partners, directors, officers, employees and agents. Holdings’ subsidiaries may also have similar agreements to indemnify their respective general partner(s), directors, officers, directors and officers of their general partner(s), partners, members, employees, and agents. The Company’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against us that have not yet occurred. APAM maintains insurance policies that may provide coverage against certain claims under these indemnities.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2016
Related Party Transactions [Abstract]
Related party transactions	Note 13. Related Party Transactions The current named executive officers of APAM and certain members of APAM’s board (or their affiliates) are limited partners of Holdings. As a result, certain transactions (such as TRA payments) between Artisan and the limited partners of Holdings are considered to be related party transactions with respect to these persons. Affiliate transactions—Artisan Funds Artisan has an agreement to serve as the investment adviser to Artisan Funds, with which certain Artisan employees are affiliated. Under the terms of the agreement, which generally is reviewed and continued by the board of directors of Artisan Funds annually, a fee is paid to Artisan based on an annual percentage of the average daily net assets of each Artisan Fund ranging from 0.625% to 1.25% . Artisan generally collects revenues related to these services on the last business day of each month and records them in Management Fees in the Consolidated Statement of Operations. Artisan has contractually agreed to waive its management fees or reimburse for expenses incurred to the extent necessary to limit annualized ordinary operating expenses incurred by certain of the Artisan Funds to not more than a fixed percentage (ranging from 0.88% to 1.50% ) of a Fund’s average daily net assets. In addition, Artisan may voluntarily waive fees or reimburse any of the Artisan Funds for other expenses. The officers and a director of Artisan Funds who are affiliated with Artisan receive no compensation from the funds. Fees for managing the Funds and amounts waived or reimbursed by Artisan for fees and expenses (including management fees) are as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015 2016 2015 Investment management fees: Artisan Funds $ 115,061 $ 138,864 $ 226,236 $ 273,171 Fee waiver / expense reimbursement: Artisan Funds $ 222 $ 51 $ 356 $ 51 Affiliate transactions—Artisan Global Funds Artisan has an agreement to serve as the investment adviser to Artisan Global Funds, with which certain Artisan employees are affiliated. Under the terms of these agreements, a fee is paid based on an annual percentage of the average daily net assets of each fund ranging from 0.75% to 1.75% . Artisan reimburses each sub-fund of Artisan Global Funds to the extent that sub-fund’s expenses, not including Artisan’s fee, exceed certain levels, which range from 0.10% to 0.20% . In addition, Artisan may voluntarily waive fees or reimburse any of the Artisan Global Funds for other expenses. The directors of Artisan Global Funds who are affiliated with Artisan receive no compensation from the funds. Accounts receivable included $1.2 million and $1.3 million due from Artisan Global Funds as of June 30, 2016 and December 31, 2015 , respectively. Fees for managing Artisan Global Funds and amounts reimbursed to Artisan Global Funds by Artisan are as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015 2016 2015 Investment management fees: Artisan Global Funds $ 3,667 $ 3,845 $ 7,292 $ 7,569 Fee waiver / expense reimbursement: Artisan Global Funds $ 172 $ 181 $ 260 $ 244

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2016
Subsequent Events [Abstract]
Subsequent events	Note 14. Subsequent Events Distributions and dividends On July 21, 2016, the board of directors of APAM declared a distribution by Artisan Partners Holdings of $39.4 million to holders of Artisan Partners Holdings partnership units, including APAM. On the same date, the board declared a quarterly dividend of $0.60 per share of Class A common stock. The APAM dividend is payable on August 31, 2016, to shareholders of record as of August 17, 2016.

Summary of Significant Accoun23

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2016
Policy Text Block [Abstract]
Basis of presentation	Basis of presentation The accompanying financial statements are unaudited. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, necessary for a fair statement of such consolidated financial statements have been included. Such interim results are not necessarily indicative of full year results. The consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial reporting and accordingly they do not include all of the information and footnotes required in the annual consolidated financial statements and accompanying footnotes. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP. As a result, the interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in APAM’s latest annual report on Form 10-K. The accompanying financial statements were prepared in accordance with U.S. GAAP and related rules and regulations of the SEC. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates or assumptions that affect the reported amounts and disclosures in the financial statements. Actual results could differ from these estimates or assumptions.
Principles of consolidation	Principles of consolidation Artisan’s policy is to consolidate all subsidiaries or other entities in which it has a controlling financial interest. The consolidation guidance requires an analysis to determine if an entity should be evaluated for consolidation using the voting interest entity (“VOE”) model or the variable interest entity (“VIE”) model. Under the VOE model, controlling financial interest is generally defined as a majority ownership of voting interests. Under the VIE model, controlling financial interest is defined as the power to direct activities that most significantly impact the economic performance of the entity and the right to receive potentially significant benefits or the obligation to absorb potentially significant losses. The consolidated financial statements include the accounts of APAM and all subsidiaries or other entities in which APAM has a direct or indirect controlling financial interest. All material intercompany balances have been eliminated in consolidation. Artisan serves as the investment adviser for Artisan Partners Funds, Inc. (“Artisan Funds”), a family of mutual funds registered with the SEC under the Investment Company Act of 1940, and Artisan Partners Global Funds plc (“Artisan Global Funds”), a family of Ireland-based UCITS. Artisan Funds and Artisan Global Funds are corporate entities the business and affairs of which are managed by their respective boards of directors. The shareholders of the funds retain all voting rights, including the right to elect and reelect members of their respective boards of directors. As a result, each of these entities is a VOE and is evaluated for consolidation under the VOE model. The Company makes initial seed investments in sponsored investment portfolios, including series of Artisan Funds and Artisan Global Funds, at the portfolio’s formation, which are made on the same terms as are available to other investors. If the seed investment results in a controlling financial interest, APAM consolidates the fund, and the underlying individual securities are accounted for as trading securities. Seed investments in which the Company does not have a controlling financial interest are classified as available-for-sale investments. As of June 30, 2016 , APAM does not have a controlling financial interest in any sponsored investment portfolio or series of Artisan Funds or Artisan Global Funds and therefore does not consolidate these entities.
Recent accounting pronouncements	Recent accounting pronouncements Accounting standards adopted as of January 1, 2016 In February 2015, the Financial Accounting Standards Board (“FASB”) issued ASU 2015-02, Amendments to the Consolidation Analysis . The ASU modified existing consolidation guidance for determining whether certain legal entities should be consolidated. The ASU eliminated the deferral under ASU 2010-10, Amendments for Certain Investment Funds, and, as a result, the Company must apply the new guidance to all entities, including investment companies. The presumption that a general partner controls a limited partnership was eliminated. In addition, fees paid to decision makers that meet certain conditions no longer cause the decision makers to consolidate VIEs, in certain instances. The new guidance was effective on January 1, 2016, and did not impact the Company’s consolidated financial statements for the periods presented. In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs , which requires debt issuance costs to be presented in the balance sheet as a direct deduction from the note liability, rather than presented as an asset. The new guidance was effective on January 1, 2016, and requires a retrospective approach to adoption. At June 30, 2016 and December 31, 2015, the Company had approximately $0.6 million and $0.7 million , respectively, of debt issuance costs that met the criteria of this amendment and are now presented as a reduction to Borrowings in the Unaudited Condensed Consolidated Statements of Financial Condition. In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting . The ASU is intended to simplify several aspects of the accounting for share-based payment transactions, including income tax consequences, classification on the statement of cash flows, and accounting for the forfeiture of share-based awards. The updated guidance is effective for reporting periods beginning after December 15, 2016. Early adoption is permitted in any interim period; if early adoption is elected, the entity must adopt all of the amendments in the same reporting period and reflect any adjustments as of the beginning of the fiscal year. The Company adopted the guidance as of January 1, 2016. As part of the guidance, all excess tax benefits and tax deficiencies (including tax benefits of dividends on share-based payment awards) are now recognized as income tax expense or benefit in the income statement. Previously, excess tax benefits were recognized in additional paid-in-capital. The amendment also requires excess tax benefits to be classified along with other income tax cash flows as an operating activity. The amendments related to the recognition of excess tax benefits and presentation of excess tax benefits in the statement of cash flows are applied prospectively as of January 1, 2016. ASU 2016-09 also allows entities to elect as an accounting policy either to continue to estimate the total number of awards for which the requisite service period will not be rendered (as previously required) or to account for forfeitures when they occur. The Company has elected to account for forfeitures when they occur, since that approach is expected to better reflect periodic compensation costs. The change in accounting for forfeitures is applied using a modified retrospective transition method by means of a cumulative-effect adjustment to equity. As of January 1, 2016, retained earnings decreased by $0.4 million and additional paid-in-capital increased by $0.4 million to reflect the change in accounting principle. Accounting standards not yet adopted In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers , which supersedes existing accounting standards for revenue recognition and creates a single framework. The new guidance will be effective on January 1, 2018 with early adoption permitted as of January 1, 2017. The Company is currently evaluating its transition method and the potential impact on its consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities, which requires all equity investments to be measured at fair value with changes in the fair value recognized through net income. ASU 2016-01 will be effective on January 1, 2018 and will result in a cumulative-effect adjustment to the Company’s Consolidated Statements of Financial Condition upon adoption. After adoption, the Company’s unrealized gains (losses) on available-for-sale investment securities will be recognized through net income, which will be a change from the current treatment of recognition in other comprehensive income (loss). In February 2016, the FASB issued ASU 2016-02, Leases, which introduces a lessee model that brings most leases on the balance sheet. The new guidance will be effective on January 1, 2019 and will require a modified retrospective approach to adoption. Early adoption is permitted. The Company is currently evaluating the impact of adoption on its consolidated financial statements.

Nature of Business and Organi24

Nature of Business and Organization Organization and Nature (Tables)	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Capital Units	Total Common Units Exchanged Class A Common Units Class B Common Units Class E Common Units Common units exchanged on March 3, 2016 764,971 — 754,971 10,000 Common units exchanged on May 3, 2016 761,673 — 751,673 10,000 Total Units Exchanged in 2016 1,526,644 — 1,506,644 20,000

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Schedule of available-for-sale securities	The disclosures below include details of Artisan’s investments. Cost Unrealized Unrealized Fair Value June 30, 2016 Mutual funds $ 10,055 $ 690 $ (266 ) $ 10,479 December 31, 2015 Mutual funds $ 10,069 $ 832 $ (611 ) $ 10,290

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair value hierarchy of assets and liabilities	The following provides the hierarchy of inputs used to derive fair value of Artisan’s assets and liabilities that are financial instruments as of June 30, 2016 and December 31, 2015 : Assets and Liabilities at Fair Value Total Level 1 Level 2 Level 3 June 30, 2016 Assets Cash equivalents $ 114,061 $ 114,061 $ — $ — Mutual funds 10,479 10,479 — — December 31, 2015 Assets Cash equivalents $ 49,005 $ 49,005 $ — $ — Mutual funds 10,290 10,290 — —

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Schedule of borrowings	Artisan’s borrowings consist of the following as of June 30, 2016 and December 31, 2015 : Maturity Outstanding Balance Interest Rate Per Annum Revolving credit agreement August 2017 $ — NA Senior notes Series A August 2017 60,000 4.98 % Series B August 2019 50,000 5.32 % Series C August 2022 90,000 5.82 % Total borrowings $ 200,000
Aggregate maturities of debt obligations	As of June 30, 2016 , the aggregate maturities of debt obligations, based on their contractual terms, are as follows: 2016 $ — 2017 60,000 2018 — 2019 50,000 2020 — Thereafter 90,000 $ 200,000

Noncontrolling interest - Hol28

Noncontrolling interest - Holdings Changes in Ownership Impact on Equity (Tables)	6 Months Ended
	Jun. 30, 2016
Noncontrolling Interest [Abstract]
Schedule of Equity ownership Interests in Holdings	During the six months ended June 30, 2016 , APAM’s equity ownership interest in Holdings increased as a result of the following transactions: Holdings GP Units Limited Partnership Units Total APAM Ownership % As of December 31, 2015 39,432,605 33,976,323 73,408,928 54 % Issuance of APAM Restricted Shares (1) 1,082,035 — 1,082,035 — % Holdings Common Unit Exchanges 1,526,644 (1,526,644 ) — 2 % Restricted Share Award Net Share Settlement (1) (12,862 ) — (12,862 ) — % Forfeitures of Holdings GP Units from Employee Terminations (1) (2,710 ) — (2,710 ) — % As of June 30, 2016 42,025,712 32,449,679 74,475,391 56 % (1) The impact of the transaction on APAM’s ownership percentage was less than 1%.
Change in ownership	The reallocation of equity had the following impact on the Unaudited Condensed Consolidated Statements of Financial Condition: For the Six Months Ended June 30, 2016 2015 Additional paid-in capital $ (2,168 ) $ (5,235 ) Noncontrolling interest - Artisan Partners Holdings 2,209 5,171 Accumulated other comprehensive income (loss) (42 ) 29 Deferred tax assets 1 35 Net balance sheet impact — —

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2016
Stockholders' Equity Note [Abstract]
Authorized and outstanding equity	As of June 30, 2016 and December 31, 2015 , APAM had the following authorized and outstanding equity: Outstanding Authorized June 30, 2016 December 31, 2015 Voting Rights (1) Economic Rights Common shares Class A, par value $0.01 per share 500,000,000 42,025,712 39,432,605 1 vote per share Proportionate Class B, par value $0.01 per share 200,000,000 16,820,578 18,327,222 5 votes per share None Class C, par value $0.01 per share 400,000,000 15,629,101 15,649,101 1 vote per share None (1) The Company’s employees to whom Artisan has granted equity have entered into a stockholders agreement with respect to all shares of APAM common stock they have acquired from the Company and any shares they may acquire from the Company in the future, pursuant to which they granted an irrevocable voting proxy to a Stockholders Committee. As of June 30, 2016, Artisan’s employees held 3,795,914 restricted shares of Class A common stock subject to the agreement and all 16,820,578 outstanding shares of Class B common stock.
Dividends Declared	APAM declared and paid the following dividends per share during the three and six months ended June 30, 2016 and 2015 : Type of Dividend Class of Stock For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015 2016 2015 Quarterly Class A Common $ 0.60 $ 0.60 $ 1.20 $ 1.20 Special Annual Class A Common $ — $ — $ 0.40 $ 0.95
Issuance (Cancellation) of Shares Disclosure	Total Stock Class A Common Stock (1) Class B Common Stock Class C Common Stock Balance at December 31, 2015 73,408,928 39,432,605 18,327,222 15,649,101 Holdings Common Unit Exchanges — 1,526,644 (1,506,644 ) (20,000 ) Restricted Share Award Grants 1,082,035 1,082,035 — — Restricted Share Award Net Share Settlement (12,862 ) (12,862 ) — — Employee/Partner Terminations (2,710 ) (2,710 ) — — Balance at June 30, 2016 74,475,391 42,025,712 16,820,578 15,629,101 (1) There were 178,401 and 122,990 restricted stock units outstanding at June 30, 2016 and December 31, 2015, respectively. Restricted stock units are not reflected in the table because they are not considered outstanding or issued stock.
Distributions Made to Limited Partner, by Distribution	Holdings’ partnership distributions for the three and six months ended June 30, 2016 and 2015 , were as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015 2016 2015 Holdings Partnership Distributions to Limited Partners $ 43,095 $ 54,552 $ 62,424 $ 96,657 Holdings Partnership Distributions to APAM 50,809 54,642 73,241 91,907 Total Holdings Partnership Distributions $ 93,904 $ 109,194 $ 135,665 $ 188,564

Compensation and Benefits (Tabl

Compensation and Benefits (Tables)	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Components of Compensation Expense	Total compensation and benefits consists of the following: For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015 2016 2015 Salaries, incentive compensation and benefits (1) $ 77,212 $ 84,673 $ 154,308 $ 174,577 Restricted share-based award compensation expense 10,799 9,035 21,183 17,558 Total salaries, incentive compensation and benefits 88,011 93,708 175,491 192,135 Pre-offering related compensation - share-based awards 7,136 10,650 14,955 21,064 Total compensation and benefits $ 95,147 $ 104,358 $ 190,446 $ 213,199 (1) Excluding restricted share-based award compensation expense
Restricted Share-Based Award Activity	The following table summarizes the restricted share-based award activity for the six months ended June 30, 2016 : Weighted-Average Grant Date Fair Value Number of Awards Unvested at January 1, 2016 $ 51.58 2,861,984 Granted $ 30.51 1,102,660 Forfeited $ 47.44 (2,710 ) Vested $ 48.17 (65,395 ) Unvested at June 30, 2016 $ 45.68 3,896,539
Class B Award Activity	The following table summarizes the activity related to unvested Class B awards for the six months ended June 30, 2016 : Weighted-Average Grant Date Fair Value Number of Class B Awards Unvested Class B awards at January 1, 2016 $ 30.00 2,348,334 Granted — — Forfeited — — Vested $ 30.00 (445,331 ) Unvested at June 30, 2016 $ 30.00 1,903,003

Income Taxes and Related Paym31

Income Taxes and Related Payments (Tables)	6 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Components of the provision for income taxes	Components of the provision for income taxes consist of the following: For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015 2016 2015 Current: Federal $ 3,238 $ 7,074 $ 5,908 $ 12,114 State and local 506 1,021 1,050 1,541 Foreign 161 65 346 163 Total 3,905 8,160 7,304 13,818 Deferred: Federal 8,257 7,886 15,936 14,629 State and local 472 451 911 (6,868 ) Total 8,729 8,337 16,847 7,761 Income tax expense $ 12,634 $ 16,497 $ 24,151 $ 21,579
Schedule of Other Assets and Other Liabilities [Table Text Block]	Amounts payable under tax receivable agreements Deferred Tax Asset - Amortizable basis December 31, 2015 $ 589,101 $ 660,254 2016 Exchanges 23,593 27,756 Amortization — (17,656 ) Payments under TRA (20,953 ) — June 30, 2016 $ 591,741 $ 670,354
Components of deferred tax assets	Net deferred tax assets comprise the following: As of June 30, 2016 As of December 31, 2015 Deferred tax assets: Amortizable basis (1) $ 670,354 $ 660,254 Other (2) 21,565 18,283 Total deferred tax assets 691,919 678,537 Less: valuation allowance (3) — — Net deferred tax assets $ 691,919 $ 678,537 (1) Represents the unamortized step-up of tax basis and other tax attributes from the merger described above, the purchase of common and preferred units by APAM, and the exchange of common and preferred units for Class A common shares of APAM. (2) Represents the net deferred tax assets associated with the merger described above and other miscellaneous deferred tax assets. (3) Artisan assessed whether the deferred tax assets would be realizable and determined based on its history of taxable income that the benefits would more likely than not be realized. Accordingly, no valuation allowance is required.

Accumulated Other Comprehensi32

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	Accumulated other comprehensive income (loss), net of tax, in the accompanying Condensed Consolidated Statements of Financial Condition represents the portion of accumulated other comprehensive income attributable to APAM, and consists of the following: As of June 30, 2016 As of December 31, 2015 Unrealized gain (loss) on investments, net of tax $ 148 $ 77 Foreign currency translation gain (loss) (1,157 ) (452 ) Accumulated other comprehensive income (loss) $ (1,009 ) $ (375 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic, by Common Class, Including Two Class Method	The computation of basic and diluted earnings per share under the two-class method for the three and six months ended June 30, 2016 and 2015 were as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, Basic and Diluted Earnings Per Share 2016 2015 2016 2015 Numerator: Net income attributable to APAM $ 18,384 $ 23,736 $ 34,645 $ 43,250 Less: Allocation to participating securities 4,121 5,638 6,878 10,726 Net income available to common stockholders $ 14,263 $ 18,098 $ 27,767 $ 32,524 Denominator: Weighted average shares outstanding 38,023,586 35,992,493 37,497,268 34,322,266 Earnings per share $ 0.38 $ 0.50 $ 0.74 $ 0.95
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following table summarizes the weighted-average shares outstanding that are excluded from the calculation of diluted earnings per share because their effect would have been anti-dilutive: For the Three Months Ended June 30, For the Six Months Ended June 30, Anti-Dilutive Weighted Average Shares Outstanding 2016 2015 2016 2015 Holdings limited partnership units 32,725,890 34,217,676 33,233,419 35,904,151 Unvested restricted share-based awards 3,904,554 3,330,863 3,638,178 3,162,097 Total 36,630,444 37,548,539 36,871,597 39,066,248

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2016
Artisan Funds
Related Party Transaction [Line Items]
Schedule of related party transactions	Fees for managing the Funds and amounts waived or reimbursed by Artisan for fees and expenses (including management fees) are as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015 2016 2015 Investment management fees: Artisan Funds $ 115,061 $ 138,864 $ 226,236 $ 273,171 Fee waiver / expense reimbursement: Artisan Funds $ 222 $ 51 $ 356 $ 51
Artisan Global Funds
Related Party Transaction [Line Items]
Schedule of related party transactions	Fees for managing Artisan Global Funds and amounts reimbursed to Artisan Global Funds by Artisan are as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015 2016 2015 Investment management fees: Artisan Global Funds $ 3,667 $ 3,845 $ 7,292 $ 7,569 Fee waiver / expense reimbursement: Artisan Global Funds $ 172 $ 181 $ 260 $ 244

Nature of Business and Organi35

Nature of Business and Organization (Details) $ in Thousands	May 03, 2016shares	Mar. 03, 2016shares	Jun. 30, 2016USD ($)investment_teamsshares	Jun. 30, 2015USD ($)	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of autonomous investment teams | investment_teams			7
Class of Stock [Line Items]
Non Cash Transaction Initial Establishment of Deferred Tax Assets | $			$ 30,279	$ 128,788
APAM economic interest in Artisan Partners Holdings LP (as a percent)			56.00%		54.00%
Conversion of Stock, Shares Converted	761,673	764,971	1,526,644
Deferred tax assets, exchanges | $			$ 27,756
Establishment of amounts payable under tax receivable agreements | $			$ 23,593	$ 103,954
Class A Common Units
Class of Stock [Line Items]
Conversion of Stock, Shares Converted	0	0	0
Class B Common Units
Class of Stock [Line Items]
Conversion of Stock, Shares Converted	751,673	754,971	1,506,644
Class E Common Units
Class of Stock [Line Items]
Conversion of Stock, Shares Converted	10,000	10,000	20,000

Summary of Significant Accoun36

Summary of Significant Accounting Policies Other Information (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jan. 01, 2016	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Significant Accounting Policies [Line Items]
Debt Issuance Cost	$ 600		$ 700
Stockholders' Equity	115,249		116,551	$ 112,029	$ 107,499
Retained Earnings
Significant Accounting Policies [Line Items]
Stockholders' Equity	12,444		13,238	15,840	16,417
Additional Paid-in Capital
Significant Accounting Policies [Line Items]
Stockholders' Equity	$ 111,944		$ 116,448	$ 101,451	$ 93,524
Accounting Standards Update 2016-09 | Retained Earnings
Significant Accounting Policies [Line Items]
Stockholders' Equity		$ (400)
Accounting Standards Update 2016-09 | Additional Paid-in Capital
Significant Accounting Policies [Line Items]
Stockholders' Equity		$ 400

Investment Securities (Details)

Investment Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Cost	$ 10,055	$ 10,069
Unrealized Gains	690	832
Unrealized Losses	(266)	(611)
Fair Value	$ 10,479	$ 10,290

Investment Securities Other Inf

Investment Securities Other Information (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	$ 6,800,000	$ 4,400,000
Available-for-sale Securities, Unrealized Losses	266,000	$ 611,000
Available-for-sale Securities, Impairment Losses	$ 0

Fair Value Measurements - Fair

Fair Value Measurements - Fair value hierarchy of assets and liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 114,061	$ 49,005
Mutual funds	10,479	10,290
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	114,061	49,005
Mutual funds	10,479	10,290
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Mutual funds	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Mutual funds	$ 0	$ 0

Borrowings - Components of Borr

Borrowings - Components of Borrowings (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Total outstanding balance	$ 200,000	$ 200,000
Senior notes | Series A
Debt Instrument [Line Items]
Total outstanding balance	$ 60,000	$ 60,000
Interest rate per annum	4.98%	4.98%
Senior notes | Series B
Debt Instrument [Line Items]
Total outstanding balance	$ 50,000	$ 50,000
Interest rate per annum	5.32%	5.32%
Senior notes | Series C
Debt Instrument [Line Items]
Total outstanding balance	$ 90,000	$ 90,000
Interest rate per annum	5.82%	5.82%
Revolving credit agreement
Debt Instrument [Line Items]
Total outstanding balance	$ 0	$ 0

Borrowings - Aggregate Maturiti

Borrowings - Aggregate Maturities of Debt Obligations (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Debt Disclosure [Abstract]
2,016	$ 0
2,017	60,000
2,018	0
2,019	50,000
2,020	0
Thereafter	90,000
Borrowings	$ 200,000	$ 200,000

Borrowings - Additional Informa

Borrowings - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Debt Instrument [Line Items]
Interest expense incurred on debt and credit facilities	$ 2.7	$ 2.7	$ 5.5	$ 5.5
Level 2
Debt Instrument [Line Items]
Borrowings fair value	$ 205.2		$ 205.2

Noncontrolling interest - Hol43

Noncontrolling interest - Holdings Share Issuances & Cancellations (Details)	6 Months Ended
	Jun. 30, 2016shares
Class of Stock [Line Items]
Units of Partnership Interest, Amount	73,408,928
Noncontrolling Interest, Ownership Percentage by Parent	54.00%
Stock Issued During Period, Shares, New Issues	1,082,035
Stock Repurchased and Retired During Period, Shares	(2,710)
Change in APAM Economic Ownership Interest in Artisan Partners Holdings LP (as a percent)	2.00%
Restricted Share Award Net Share Settlement	(12,862)
Units of Partnership Interest, Amount	74,475,391
Noncontrolling Interest, Ownership Percentage by Parent	56.00%
Holdings GP Units
Class of Stock [Line Items]
Capital Units, Outstanding	39,432,605
Stock Issued During Period, Shares, New Issues	1,082,035
Stock Repurchased and Retired During Period, Shares	(2,710)
Restricted Share Award Net Share Settlement	(12,862)
Capital Units, Outstanding	42,025,712
Limited Partnership Units
Class of Stock [Line Items]
Capital Units, Outstanding	33,976,323
Stock Repurchased and Retired During Period, Shares	(1,526,644)
Restricted Share Award Net Share Settlement	0
Capital Units, Outstanding	32,449,679
Common Stock | Class A Common Stock
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues	1,526,644

Noncontrolling interest - Hol44

Noncontrolling interest - Holdings (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Noncontrolling Interest [Line Items]
Cumulative impact of changes in ownership of Artisan Partners Holdings, LP, net of tax	$ 0	$ 0
Additional Paid-in Capital
Noncontrolling Interest [Line Items]
Cumulative impact of changes in ownership of Artisan Partners Holdings, LP, net of tax	2,168	5,235
Noncontrolling Interest
Noncontrolling Interest [Line Items]
Cumulative impact of changes in ownership of Artisan Partners Holdings, LP, net of tax	(2,209)	(5,171)
Accumulated Other Comprehensive Income
Noncontrolling Interest [Line Items]
Cumulative impact of changes in ownership of Artisan Partners Holdings, LP, net of tax	42	(29)
Deferred Tax Assets
Noncontrolling Interest [Line Items]
Cumulative impact of changes in ownership of Artisan Partners Holdings, LP, net of tax	1	35
Deferred Tax Assets | Additional Paid-in Capital
Noncontrolling Interest [Line Items]
Cumulative impact of changes in ownership of Artisan Partners Holdings, LP, net of tax	$ 2,500	$ (6,500)

Stockholders' Equity (Details)

Stockholders' Equity (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2016votes$ / sharesshares	Jun. 30, 2015$ / shares	Jun. 30, 2016votes$ / sharesshares	Jun. 30, 2015$ / shares	Dec. 31, 2015$ / sharesshares
Class of Stock [Line Items]
Common stock, shares outstanding	74,475,391		74,475,391		73,408,928
Dividends declared per Class A common share | $ / shares	$ 0.60	$ 0.60	$ 1.60	$ 2.15
Class A Common Stock
Class of Stock [Line Items]
Common stock, shares authorized	500,000,000		500,000,000		500,000,000
Common stock, shares outstanding	42,025,712		42,025,712		39,432,605
Common stock votes per share | votes	1		1
Common stock, par value per share | $ / shares	$ 0.01		$ 0.01		$ 0.01
Class B Common Stock
Class of Stock [Line Items]
Common stock, shares authorized	200,000,000		200,000,000		200,000,000
Common stock, shares outstanding	16,820,578		16,820,578		18,327,222
Common stock votes per share | votes	5		5
Common stock, par value per share | $ / shares	$ 0.01		$ 0.01		$ 0.01
Class C Common Stock
Class of Stock [Line Items]
Common stock, shares authorized	400,000,000		400,000,000		400,000,000
Common stock, shares outstanding	15,629,101		15,629,101		15,649,101
Common stock votes per share | votes	1		1
Common stock, par value per share | $ / shares	$ 0.01		$ 0.01		$ 0.01
Restricted Stock [Member]
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	3,896,539		3,896,539		2,861,984
Restricted Stock [Member] | Holdings GP Units
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	3,795,914		3,795,914
Restricted Stock Units (RSUs) [Member]
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number	178,401		178,401		122,990
Quarterly Cash Dividend [Member]
Class of Stock [Line Items]
Dividends declared per Class A common share | $ / shares	$ 0.60	0.60	$ 1.20	1.20
Special Annual Dividend [Member]
Class of Stock [Line Items]
Dividends declared per Class A common share | $ / shares	$ 0	$ 0	$ 0.40	$ 0.95

Stockholders' Equity Dividends

Stockholders' Equity Dividends Declared (Details) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Dividends Payable [Line Items]
Class A Common Stock, Cash Dividends Paid	$ 0.60	$ 0.60	$ 1.60	$ 2.15
Quarterly Cash Dividend [Member]
Dividends Payable [Line Items]
Class A Common Stock, Cash Dividends Paid	0.60	0.60	1.20	1.20
Special Annual Dividend [Member]
Dividends Payable [Line Items]
Class A Common Stock, Cash Dividends Paid	$ 0	$ 0	$ 0.40	$ 0.95

Stockholders' Equity Share Acti

Stockholders' Equity Share Activity by Class of Stock (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Class B liability awards	$ (574)	$ (4,161)
Common stock, shares outstanding	74,475,391		73,408,928
Stock Issued During Period, Shares, New Issues	1,082,035
Stock Repurchased and Retired During Period, Shares	(2,710)
Shares Paid for Tax Withholding for Share Based Compensation	(12,862)
Class A Common Stock
Common stock, shares outstanding	42,025,712		39,432,605
Holdings GP Units
Stock Issued During Period, Shares, New Issues	1,082,035
Stock Repurchased and Retired During Period, Shares	(2,710)
Shares Paid for Tax Withholding for Share Based Compensation	(12,862)
Class B Common Stock
Common stock, shares outstanding	16,820,578		18,327,222
Class C Common Stock
Common stock, shares outstanding	15,629,101		15,649,101
Common Stock | Class A Common Stock
Stock Issued During Period, Shares, New Issues	1,526,644
Common Stock | Class B Common Stock
Stock Repurchased and Retired During Period, Shares	(1,506,644)
Common Stock | Class C Common Stock
Stock Repurchased and Retired During Period, Shares	(20,000)
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	2,710
Stock Issued During Period, Shares, New Issues	1,082,035
Restricted Stock [Member] | Class A Common Stock
Stock Issued During Period, Shares, New Issues	1,082,035
Restricted Stock [Member] | Class B Common Stock
Stock Repurchased and Retired During Period, Shares	0
Restricted Stock [Member] | Class C Common Stock
Stock Repurchased and Retired During Period, Shares	0
Common Stock
Stock Repurchased and Retired During Period, Shares	(2,710)
Common Stock | Class A Common Stock
Stock Repurchased and Retired During Period, Shares	(2,710)
Common Stock | Class B Common Stock
Stock Repurchased and Retired During Period, Shares	0
Common Stock | Class C Common Stock
Stock Issued During Period, Shares, New Issues	0

Stockholders' Equity Distributi

Stockholders' Equity Distributions (Details) - Artisan Partners Holdings LP - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Distribution Made to Limited Partner [Line Items]
Holdings Partnership Distributions to Limited Partners	$ 43,095	$ 54,552	$ 62,424	$ 96,657
Holdings Partnership Distributions to APAM	50,809	54,642	73,241	91,907
Total Holdings Partnership Distributions	$ 93,904	$ 109,194	$ 135,665	$ 188,564

Compensation and Benefits - Com

Compensation and Benefits - Components of expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Salaries, incentive compensation and benefits	$ 77,212	$ 84,673	$ 154,308	$ 174,577
Restricted share-based award compensation expense			36,956	39,391
Total salaries, incentive compensation and benefits	88,011	93,708	175,491	192,135
Pre-offering related compensation - share-based awards	7,136	10,650	14,955	21,064
Total compensation and benefits	95,147	104,358	190,446	213,199
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted share-based award compensation expense	$ 10,799	$ 9,035	$ 21,183	$ 17,558

Compensation and Benefits - Res

Compensation and Benefits - Restricted Share Activity (Details) - Restricted Stock [Member] - $ / shares	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested - Weighted Average Grant Date Fair Value	$ 45.68	$ 51.58
Unvested - Number of Awards	3,896,539	2,861,984
Granted - Weighted Average Grant Date Fair Value	$ 30.51
Granted - Number of Awards	(1,102,660)
Forfeited - Weighted Average Grant Date Fair Value	$ 47.44
Forfeited - Number of Awards	(2,710)
Vested - Weighted Average Grant Date Fair Value	$ 48.17
Vested - Number of Awards	(65,395)

Compensation and Benefits - Pre

Compensation and Benefits - Pre-Offering Related Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pre-offering related compensation - share-based awards	$ 7,136	$ 10,650	$ 14,955	$ 21,064

Compensation and Benefits - Cla

Compensation and Benefits - Class B Awards Activity (Details) - Class B Liability Awards [Member] - $ / shares	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested - Weighted Average Grant Date Fair Value	$ 30	$ 30
Unvested - Number of Awards	1,903,003	2,348,334
Granted - Weighted Average Grant Date Fair Value	$ 0
Granted - Number of Awards	0
Forfeited - Weighted Average Grant Date Fair Value	$ 0
Forfeited - Number of Awards	0
Vested - Weighted Average Grant Date Fair Value	$ 30
Vested - Number of Awards	(445,331)

Compensation and Benefits - Add

Compensation and Benefits - Additional information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Feb. 16, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	14,000,000		14,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	9,234,275		9,234,275
Stock Issued During Period, Shares, New Issues			1,082,035
Restricted share-based award compensation expense			$ 36,956	$ 39,391
Shares Paid for Tax Withholding for Share Based Compensation			12,862
Taxes paid related to employee net share settlement			$ (334)	0
Stock Based Awards Redemption Amount	$ 5,000		5,000			$ 5,600
Compensation expense recognized	7,136	$ 10,650	14,955	21,064
Class B liability awards			$ (574)	(4,161)
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			5 years
Stock Issued During Period, Shares, New Issues			1,082,035
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			1,102,660
Restricted share-based award compensation expense	10,799	$ 9,035	$ 21,183	$ 17,558
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	134,300		$ 134,300		$ 33,600
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition			3 years 5 months 22 days
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			20,625
Class B Liability Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			5 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			0
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 28,500		$ 28,500
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition			1 year
Redemption period for terminated employees			5 years

Income Taxes and Related Paym54

Income Taxes and Related Payments - Components of provision for income taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Current:
Federal	$ 3,238	$ 7,074	$ 5,908	$ 12,114
State and local	506	1,021	1,050	1,541
Foreign	161	65	346	163
Total	3,905	8,160	7,304	13,818
Deferred:
Federal	8,257	7,886	15,936	14,629
State and local	472	451	911	(6,868)
Total	8,729	8,337	16,847	7,761
Income tax expense	$ 12,634	$ 16,497	$ 24,151	$ 21,579

Income Taxes and Related Paym55

Income Taxes and Related Payments - Components of deferred tax assets (Details) - USD ($) $ in Thousands		Jun. 30, 2016	Dec. 31, 2015
Deferred tax assets:
Amortizable basis	[1]	$ 670,354	$ 660,254
Other	[2]	21,565	18,283
Total deferred tax assets		691,919	678,537
Less: valuation allowance	[3]	0	0
Deferred tax assets		$ 691,919	$ 678,537
[1]	Represents the unamortized step-up of tax basis from the merger described above, the purchase of common and preferred units by APAM, and the exchange of common and preferred units for Class A common shares of APAM.
[2]	Represents the net deferred tax assets associated with the merger described above and other miscellaneous deferred tax assets.
[3]	Artisan assessed whether the deferred tax assets would be realizable and determined based on its history of taxable income that the benefits would more likely than not be realized. Accordingly, no valuation allowance is required.

Income Taxes and Related Paym56

Income Taxes and Related Payments - Additional information (Details) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Statutory Tax Rate		35.00%
Approximate percentage of earnings not subject to income taxes		46.00%
TRA percent of savings to be paid to shareholders		85.00%
Tax Receivable Agreement Percentage To Be Retained by Entity		15.00%
Tax Receivable Agreement Payment Period		125
Deferred tax assets	[1]	$ 670,354		$ 660,254
Establishment of deferred tax assets		30,279	$ 128,788
Amounts payable under tax receivable agreements		591,741		$ 589,101
Establishment of amounts payable under tax receivable agreements		23,593	$ 103,954
Deferred tax assets, exchanges		27,756
Amortization		(17,656)
Payments under TRA		$ (20,953)
[1]	Represents the unamortized step-up of tax basis from the merger described above, the purchase of common and preferred units by APAM, and the exchange of common and preferred units for Class A common shares of APAM.

Accumulated Other Comprehensi57

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Unrealized gain (loss) on investments, net of tax	$ 148	$ 77
Foreign currency translation gain (loss)	(1,157)	(452)
Accumulated other comprehensive income (loss)	$ (1,009)	$ (375)

Earnings Per Share - Computatio

Earnings Per Share - Computation of basic and diluted net income per share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income attributable to APAM	$ 18,384	$ 23,736	$ 34,645	$ 43,250
Less: Allocation to participating securities, Basic	4,121	5,638	6,878	10,726
Net Income (Loss) Available to Common Stockholders	$ 14,263	$ 18,098	$ 27,767	$ 32,524
Weighted average shares outstanding	38,023,586	35,992,493	37,497,268	34,322,266
Earnings (loss) per share	$ 0.38	$ 0.50	$ 0.74	$ 0.95

Earnings Per Share - Antidiluti

Earnings Per Share - Antidilutive securities excluded from the computation of net income per share (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	36,630,444	37,548,539	36,871,597	39,066,248
Holdings limited partnership units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	32,725,890	34,217,676	33,233,419	35,904,151
Unvested restricted share-based awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	3,904,554	3,330,863	3,638,178	3,162,097

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Artisan Funds
Related Party Transaction [Line Items]
Investment management fees	$ 115,061	$ 138,864	$ 226,236	$ 273,171
Fee waiver / expense reimbursement	222	51	$ 356	51
Artisan Funds | Minimum
Related Party Transaction [Line Items]
Annualized operating expenses maximum percentage of average daily net assets			0.88%
Management fee percentage of average daily net assets			0.625%
Artisan Funds | Maximum
Related Party Transaction [Line Items]
Annualized operating expenses maximum percentage of average daily net assets			1.50%
Management fee percentage of average daily net assets			1.25%
Artisan Global Funds
Related Party Transaction [Line Items]
Investment management fees	3,667	3,845	$ 7,292	7,569
Fee waiver / expense reimbursement	172	$ 181	260	$ 244
Due from related parties	$ 1,200		$ 1,200		$ 1,300
Artisan Global Funds | Minimum
Related Party Transaction [Line Items]
Management fee percentage of average daily net assets			0.75%
Management fee threshold for reimbursement, percentage average daily net assets			0.10%
Artisan Global Funds | Maximum
Related Party Transaction [Line Items]
Management fee percentage of average daily net assets			1.75%
Management fee threshold for reimbursement, percentage average daily net assets			0.20%

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event [Member] $ / shares in Units, $ in Millions	Jul. 21, 2016USD ($)$ / shares
Subsequent Event [Line Items]
Distribution Made to Limited Partner, Cash Distributions Declared | $	$ 39.4
Quarterly Cash Dividend [Member] | Class A Common Stock
Subsequent Event [Line Items]
Common Stock, Dividends, Per Share, Declared | $ / shares	$ 0.60