| Income Tax Disclosure [Abstract] | Period [Axis] |
|---|
2016-01-01 - 2016-12-31 |
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Income Tax Disclosure [Abstract] | |
Schedule of provision (benefit) for income taxes | The provision (benefit) for income taxes consists of the following: | | | | | | | | | | | | | | For the Years Ended December 31, | | 2016 | | 2015 | | 2014 | Current | | | | | | Federal Income Tax | $ | (3,440 | ) | | $ | 27,978 |
| | $ | 29,388 |
| State and Local Income Tax | (443 | ) | | 6,320 |
| | 8,921 |
| Foreign Income Tax | 38,052 |
| (1) | 42,036 |
| | 31,972 |
| Subtotal | 34,169 |
| | 76,334 |
| | 70,281 |
| Deferred | | | | | | Federal Income Tax | (15,032 | ) | | (19,133 | ) | | (6,327 | ) | State and Local Income Tax | 1,348 |
| | 8,264 |
| | 344 |
| Foreign Income Tax | 4,076 |
| (1) | 1,171 |
| | (629 | ) | Subtotal | (9,608 | ) | | (9,698 | ) | | (6,612 | ) | Total Income Taxes | $ | 24,561 |
| | $ | 66,636 |
| | $ | 63,669 |
|
| | (1) | The foreign income tax provision was calculated on $102.1 million of pre-tax income generated in foreign jurisdictions. |
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Reconciliation of effective income tax rate to the U.S federal statutory tax rate | The following table reconciles the U.S. Federal Statutory Tax Rate to the Effective Income Tax Rate: | | | | | | | | | | | For the Years Ended December 31, | | 2016 | | 2015 | | 2014 | Statutory U.S. Federal Income Tax Rate | 35.00 | % | | 35.00 | % | | 35.00 | % | Income not attributable to KKR Management Holdings Corp. (1) | (42.68 | )% | | (36.04 | )% | | (36.36 | )% | Foreign Income Taxes | 4.32 | % | | 0.81 | % | | 0.58 | % | State and Local Income Taxes | 0.05 | % | | 0.21 | % | | 0.13 | % | Compensation Charges Borne by KKR Holdings | 8.20 | % | | 1.92 | % | | 2.08 | % | Change in Valuation Allowance | (1.03 | )% | | 0.29 | % | | 0.08 | % | Other | (1.34 | )% | | (0.94 | )% | | (0.34 | )% | Effective Income Tax Rate | 2.52 | % | | 1.25 | % | | 1.17 | % |
| | (1) | Represents primarily income attributable to (i) redeemable noncontrolling interests, (ii) noncontrolling interests and appropriated capital and (iii) investment income of certain entities and net carried interest of certain general partners of KKR investment funds that are not controlled and consolidated by KKR Management Holdings L.P. |
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Schedule of components of the deferred tax assets or liabilities | A summary of the tax effects of the temporary differences is as follows: | | | | | | | | | | As of December 31, | | 2016 | | 2015 | Deferred Tax Assets | | | | Fund Management Fees | $ | 59,963 |
| | $ | 76,017 |
| Equity Based Compensation | 30,094 |
| | 32,193 |
| KKR Holdings Unit Exchanges (1) | 156,624 |
| | 156,202 |
| Depreciation and Amortization | 24,919 |
| | 34,128 |
| Federal Foreign Tax Credit | 15,028 |
| | 25,041 |
| Interest Limitation Carryforward (2) | 13,494 |
| | — |
| Net Operating Loss Carryforwards | 33,867 |
| | — |
| Other | 12,599 |
| | 10,291 |
| Total Deferred Tax Assets before Valuation Allowance | 346,588 |
| | 333,872 |
| Valuation Allowance | (9,768 | ) | | (19,781 | ) | Total Deferred Tax Assets | 336,820 |
| | 314,091 |
| Deferred Tax Liabilities | | | | Investment Basis Differences / Net Unrealized Gains | 49,872 |
| | 38,700 |
| Total Deferred Tax Liabilities | 49,872 |
| | 38,700 |
| Total Deferred Taxes, Net | $ | 286,948 |
| | $ | 275,391 |
|
| | (1) | In connection with exchanges of KKR Holdings units into common units of KKR & Co. L.P., KKR records a deferred tax asset associated with an increase in KKR Management Holdings Corp.’s share of the tax basis of the tangible and intangible assets of KKR Management Holdings L.P. This amount is offset by an adjustment to record amounts due to KKR Holdings and principals under the tax receivable agreement, which is included within Due to Affiliates in the consolidated statements of financial condition. The net impact of these adjustments was recorded as an adjustment to equity at the time of the exchanges. |
(2) Represents interest expense limitations under IRC Section 163 (j), which has an indefinite carryforward.
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Schedule of unrecognized tax benefits, excluding related interest and penalties | At December 31, 2016, 2015 and 2014, KKR’s unrecognized tax benefits, excluding related interest and penalties, were: | | | | | | | | | | | | | | For the Years Ended December 31, | | 2016 | | 2015 | | 2014 | Unrecognized Tax Benefits, beginning of period | $ | 22,792 |
| | $ | 7,180 |
| | $ | 6,028 |
| Gross increases in tax positions in prior periods | — |
| | — |
| | 44 |
| Gross decreases in tax positions in prior periods | (1,351 | ) | | (116 | ) | | — |
| Gross increases in tax positions in current period | 22,810 |
| | 15,959 |
| | 1,369 |
| Lapse of statute of limitations | (255 | ) | | (231 | ) | | (261 | ) | Unrecognized Tax Benefits, end of period | $ | 43,996 |
| | $ | 22,792 |
| | $ | 7,180 |
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