| Schedule of Earnings Per Share, Basic, by Common Class, Including Two Class Method |
The computation of basic and diluted earnings per share for the three and nine months ended September 30, 2026 and 2025 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended September 30, | | For the Nine Months Ended September 30, | | Basic and Diluted Earnings Per Share | 2026 | | 2025 | | 2026 | | 2025 | | Numerator: | | | | | | | | | Net income attributable to APAM | $ | 75,196 | | | $ | 66,830 | | | $ | 214,065 | | | $ | 195,524 | | | Less: Allocation to participating securities | 6,069 | | | 5,582 | | | 17,840 | | | 16,384 | | | Net income available to common stockholders | $ | 69,127 | | | $ | 61,248 | | | $ | 196,225 | | | $ | 179,140 | | | Denominator: | | | | | | | | | Basic weighted average shares outstanding | 66,380,225 | | | 65,666,782 | | | 66,288,288 | | | 65,562,800 | | | Dilutive effect of nonparticipating share-based awards | — | | | — | | | — | | | — | | | Diluted weighted average shares outstanding | 66,380,225 | | | 65,666,782 | | | 66,288,288 | | | 65,562,800 | | | Earnings per share - Basic | $ | 1.04 | | | $ | 0.93 | | | $ | 2.96 | | | $ | 2.73 | | | Earnings per share - Diluted | $ | 1.04 | | | $ | 0.93 | | | $ | 2.96 | | | $ | 2.73 | |
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| 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 September 30, | | For the Nine Months Ended September 30, | | Anti-Dilutive Weighted Average Shares Outstanding | 2026 | | 2025 | | 2026 | | 2025 | | Holdings limited partnership units | 10,063,419 | | | 10,235,519 | | | 10,086,678 | | | 10,248,400 | | | Unvested restricted share-based awards | 5,202,733 | | | 5,334,895 | | | 5,168,386 | | | 5,364,190 | | | Total | 15,266,152 | | | 15,570,414 | | | 15,255,064 | | | 15,612,590 | |
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