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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Net income $ 208,034 $ 206,650 $ 233,320
Depreciation 22,586 21,471 21,902
Amortization 33,258 27,288 24,048
Equity in earnings of unconsolidated affiliates (98,671) (105,818) (99,457)
Distributions received from unconsolidated affiliate 92,227 109,273 72,060
Stock-based compensation 15,736 14,112 26,783
Provision for losses on receivables (119) (271) (1,004)
Deferred income tax expense (1,191) 1,001 6,461
Net realized gains from investments (14,067) (3,360) (48,533)
Change in other long-term liabilities (1,244) 2,631 (81)
Change in other assets (619) 315 (379)
Other 6,680 (3,148) 2,852
Increase (Decrease) in Restricted cash for broker-dealer operations 0 0 (16,000)
Increase (Decrease) in Receivables from regulated investment companies 5,284 (3,482) 1,148
Increase (Decrease) in Receivables 30,852 11,474 11,032
Increase (Decrease) in Other Current Assets 282 1,689 1,101
Increase (Decrease) in Accounts Payable 9,249 (2,583) 1,734
Increase (Decrease) in Accrued Liabilities 21,627 (1,340) (13,847)
Increase (Decrease) in Deferred Revenue 422 422 748
Adjustments to reconcile net income to net cash provided by operating activities 49,456 50,312 (3,994)
Net cash provided by operating activities 257,490 256,962 229,326
Cash flows from investing activities:      
Additions to restricted cash 0 (2,000) 0
Additions to property and equipment (23,070) (12,271) (13,611)
Additions to capitalized software (31,004) (40,954) (38,729)
Purchases of marketable securities (33,662) (73,960) (39,085)
Prepayments and maturities of marketable securities 53,352 61,582 58,174
Sales of marketable securities 54,830 38,247 28,859
Purchases of other investments (3,819) (7,500) 0
Sales of other investments 0 4,906 0
LSV and LSV Employee Group cash balances, net (A) 0 0 (37,083)
Net cash provided by (used in) investing activities 16,627 (31,950) (41,475)
Cash flows from financing activities:      
Payments on long-term debt 0 (95,000) (138,000)
Purchase and retirement of common stock (157,543) (208,932) (119,775)
Proceeds from issuance of common stock 49,439 24,221 28,096
Tax benefit on stock options exercised 583 1,434 1,877
Payment of dividends (135,335) (22,041) (54,634)
Net cash used in financing activities (242,856) (300,318) (282,436)
Net increase (decrease) in cash and cash equivalents 31,261 (75,306) (94,585)
Cash and cash equivalents, beginning of period 420,986 496,292 590,877
Cash and cash equivalents, end of period 452,247 420,986 496,292
Interest Paid 367 559 1,488
Income Taxes Paid 113,160 116,483 145,553
Dividends Payable $ 0 $ 26,518 $ 0