Income Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Income tax expense (benefit), net consisted of the following components for the years ended December 31:



in thousands	2011			2010			2009
Current:
Federal	$	67,662		$	79,273		$	101,649
State	6,426			8,504			11,082
Foreign	(56		)	(33		)	297
	74,032			87,744			113,028
Deferred:
Federal	15,996			20,997			8,269
State	1,291			3,210			(3,399		)
Foreign	(31		)	6			380
Total	$	91,288		$	111,957		$	118,278

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The reconciliation between the statutory income tax rate and the effective tax rate consisted of the following for the years ended December 31:



	2011		2010		2009
Expected statutory income tax rate	35.0	%	35.0	%	35.0	%
Increase/(decrease):
State and local income taxes, net of Federal benefit	2.1		2.5		1.5
Capital loss valuation allowance	0		0.1		1.2
Other	0.6		0.9		(0.2	)
Effective tax rate (excluding noncontrolling interests)	37.7		38.5		37.5
Income attributable to noncontrolling interests	(0.6	)	(1.3	)	(1.3	)
Effective tax rate per Consolidated Statements of Income	37.1	%	37.2	%	36.2	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The tax effects of temporary differences that gave rise to significant portions of deferred tax assets and liabilities consisted of the following at December 31:



in thousands	2011			2010
Deferred Tax Assets
Tax net operating losses	$	16,481		$	17,885
Unrealized and realized capital losses	7,835			2,460
Other compensation related	5,843			268
Deferred income	3,500			0
Share-based compensation	3,405			8,274
Write-down of CDO and other investments	3,331			6,317
Other	2,560			4,648
Total deferred tax assets	42,955			39,852
Valuation allowance	(21,030		)	(20,774		)
Total deferred tax asset, net of valuation allowance	$	21,925		$	19,078
Deferred Tax Liabilities
Intangible assets	$	73,269		$	54,734
Property and equipment	5,902			4,376
Deferred sales commissions	3,788			2,838
State taxes	3,546			3,087
Costs of internal-use software	2,630			2,566
Other	1,791			1,728
Total gross deferred tax liability	$	90,926		$	69,329
Net deferred tax liability	$	69,001		$	50,251