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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities:      
Net income $ 159.3 $ 155.4 $ 122.2
Adjustments to reconcile net income to net cash used for operating activities:      
Depreciation and amortization 33.0 25.6 28.7
Deferred income taxes 23.9 20.1 2.1
Amortization of stock-based compensation 52.2 19.8 25.0
Investment (gains) losses, net 8.2 1.9 (6.5)
Amortization of debt discounts, premiums and deferred issuance costs 4.3 8.1 10.9
Loss on extinguishment of debt 36.3   13.5
Payment of deferred commissions, net (11.4) (7.2) (4.4)
Other, net 5.2 0.5 (0.6)
Changes in working capital items:      
Accounts receivable (2.5) (20.8) (7.9)
Other current assets (25.4) (13.0) 21.5
Accounts payable and accrued compensation payable (13.1) 38.4 23.2
Other current and non-current liabilities 4.4 (10.4) (3.6)
Net operating activities 274.4 218.4 224.1
Investing activities:      
Acquisitions, net of cash acquired of $7.3 million, $4.3 million and nil, respectively 81.4 28.4  
Purchase of property and equipment (13.7) (11.4) (7.6)
Purchases and settlements of investment securities (91.0) (168.6) (291.7)
Proceeds from sales, settlements and maturities of investment securities 67.6 336.8 157.6
Purchases of securities by consolidated seeded investment products, net of sales (See Note 2) (32.2) (60.9) (93.6)
Net investing activities (150.7) 67.5 (235.3)
Financing activities:      
Repayment of long-term debt (380.3) (98.9) (8.9)
Proceeds from the issuance of debt 297.1    
Proceeds from the issuance of stock warrants     10.5
Purchase of convertible note hedge     (16.1)
Debt issuance costs (2.6)   (4.8)
Purchase of noncontrolling interests (0.4) (1.5) (34.1)
Distributions to noncontrolling interests (6.7) (1.6) (5.9)
Contingent consideration (8.6)    
Third-party investments in consolidated seeded investment products, net of redemptions (See Note 2) 32.2 60.9 93.6
Proceeds from stock option exercises and employee stock purchases 11.0 8.4 8.0
Excess tax benefit from equity-based compensation 9.1 2.1 2.3
Principal payments under capital lease obligations (1.0) (1.2) (1.1)
Repurchase of common stock (91.8) (87.2) (33.4)
Dividends paid to JCG shareholders (65.2) (58.4) (39.8)
Net financing activities (207.2) (177.4) (29.7)
Cash and cash equivalents:      
Effect of foreign exchange rate changes (4.6) (0.5) (1.6)
Net change (88.1) 108.0 (42.5)
At beginning of year 452.5 344.5 387.0
At end of year 364.4 452.5 344.5
Supplemental cash flow information:      
Cash paid for interest 17.2 27.2 31.0
Cash paid for income taxes, net of refunds $ 90.4 $ 89.7 $ 51.5