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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues:    
Investment management fees$ 133,494$ 111,159$ 404,123$ 333,874
Underwriting and distribution fees131,001114,071401,118341,752
Shareholder service fees33,25429,57799,02788,014
Total297,749254,807904,268763,640
Operating expenses:    
Underwriting and distribution151,936132,857461,159400,229
Compensation and related costs (including share-based compensation of $11,662, $10,944, $34,490 and $30,049, respectively)37,05236,164119,619103,444
General and administrative22,49116,02259,62248,417
Subadvisory fees7,2916,48123,68420,441
Depreciation3,9803,52611,42610,457
Total222,750195,050675,510582,988
Operating income74,99959,757228,758180,652
Investment and other income (loss)(4,365)3,933(910)3,239
Interest expense(2,838)(3,128)(8,573)(9,797)
Income before provision for income taxes67,79660,562219,275174,094
Provision for income taxes27,96220,02983,83863,500
Net income$ 39,834$ 40,533$ 135,437$ 110,594
Net income per share:    
Basic (in dollars per share)$ 0.46$ 0.47$ 1.58$ 1.29
Diluted (in dollars per share)$ 0.46$ 0.47$ 1.58$ 1.29
Weighted average shares outstanding:    
Basic (in shares)85,77685,43885,95185,683
Diluted (in shares)85,78285,44885,96485,715