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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Activities      
Net Income Including the Noncontrolling Interests in Subsidiaries $ 304,781,000 $ 234,564,000 $ 272,308,000
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities      
Depreciation and Other Amortization 26,835,000 28,085,000 30,010,000
Share-Based Compensation Expense 33,947,000 34,798,000 30,294,000
Subsidiary Share-Based Compensation Expense 0 707,000 9,411,000
(Gain) Loss on Disposal of Assets 260,000 4,844,000 (6,964,000)
Provision (Benefit) for Deferred Income Taxes 4,252,000 (18,822,000) 18,163,000
Impairment of Intangible Asset 0 31,520,000 0
Net Unrealized (Gain) Loss on Investments (13,423,000) 24,383,000 (1,965,000)
Net Sales (Purchases) of Investments—Consolidated Investment Companies (34,328,000) (20,170,000) (179,419,000)
Consolidation/(Deconsolidation) of Investment Companies 1,647,000 (20,000) 10,379,000
Other Changes in Assets and Liabilities:      
(Increase) Decrease in Receivables, net (27,568,000) (4,367,000) 6,662,000
(Increase) Decrease in Prepaid Expenses and Other Assets 20,748,000 18,582,000 10,275,000
Increase (Decrease) in Accounts Payable and Accrued Expenses 14,627,000 4,669,000 (6,365,000)
Increase (Decrease) in Other Liabilities (19,947,000) (14,825,000) (22,406,000)
Net Cash Provided (Used) by Operating Activities 311,831,000 323,948,000 170,383,000
Investing Activities      
Purchases of Investments—Affiliates and Other (57,999,000) (22,644,000) (9,429,000)
Cash Paid for Business Acquisitions, net of Cash Acquired 0 (28,111,000) 0
Cash Paid for Asset Acquisitions 0 0 (5,324,000)
Proceeds from Redemptions of Investments—Affiliates and Other 35,304,000 22,770,000 35,990,000
Cash Paid for Property and Equipment (7,915,000) (4,372,000) (10,421,000)
Net Cash Provided (Used) by Investing Activities (30,610,000) (32,357,000) 10,816,000
Financing Activities      
Dividends Paid (98,093,000) (97,915,000) (105,764,000)
Purchases of Treasury Stock (177,066,000) (218,141,000) (228,349,000)
Distributions to Noncontrolling Interests in Subsidiaries (39,960,000) (25,979,000) (4,926,000)
Contributions from Noncontrolling Interests in Subsidiaries 72,823,000 55,171,000 107,635,000
Payments to Acquire Additional Equity in FHL 0 0 (165,886,000)
Cash paid for Business Acquisitions (2,065,000) (7,105,000) (2,007,000)
Proceeds from New Borrowings 0 488,300,000 295,650,000
Payments on Debt 0 (361,650,000) (147,300,000)
Other Financing Activities 1,274,000 (1,194,000) 1,475,000
Net Cash Provided (Used) by Financing Activities (243,087,000) (168,513,000) (249,472,000)
Effect of Exchange Rates on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents 7,865,000 (20,174,000) (2,311,000)
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 45,999,000 102,904,000 (70,584,000)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning of Period 340,955,000 238,051,000 308,635,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, End of Period 386,954,000 340,955,000 238,051,000
Less: Restricted Cash Recorded in Other Current Assets 3,498,000 3,773,000 4,419,000
Less: Restricted Cash and Restricted Cash Equivalents Recorded in Other Long-Term Assets 276,000 400,000 305,000
Cash and Cash Equivalents 383,180,000 336,782,000 233,327,000
Cash paid during the year for:      
Income taxes 108,639,000 85,579,000 91,925,000
Interest $ 11,648,000 $ 7,184,000 $ 1,133,000