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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Asset management, administration and distribution fees $ 256,748 $ 236,191 $ 503,516 $ 461,262
Information processing and software servicing fees 73,699 75,828 144,352 145,006
Transaction-based and trade execution fees 7,298 6,796 15,321 14,933
Total revenues 337,745 318,815 663,189 621,201
Expenses:        
Subadvisory, distribution and other asset management costs 40,872 37,244 79,389 71,256
Software royalties and other information processing costs 8,057 8,417 15,566 16,970
Brokerage commissions 5,431 5,119 11,403 11,098
Compensation, benefits and other personnel 98,999 92,470 193,185 186,894
Stock-based compensation 3,859 2,872 7,609 5,695
Consulting, outsourcing and professional fees 36,969 33,404 72,597 68,337
Data processing and computer related 14,527 13,378 27,927 25,998
Facilities, supplies and other costs 16,659 17,366 33,718 33,218
Amortization 10,611 9,584 20,969 18,798
Depreciation 5,843 5,331 11,838 10,915
Total expenses 241,827 225,185 474,201 449,179
Income from operations 95,918 93,630 188,988 172,022
Net (loss) gain from investments (38) 391 212 527
Interest and dividend income 755 721 1,724 1,498
Interest expense (114) (114) (227) (227)
Equity in earnings of unconsolidated affiliates 37,289 34,226 71,322 66,117
Gain on sale of subsidiary 0 0 2,791 5,582
Income before income taxes 133,810 128,854 264,810 245,519
Income taxes 47,570 46,041 93,959 87,886
Net income $ 86,240 $ 82,813 $ 170,851 $ 157,633
Basic earnings per common share $ 0.52 $ 0.49 $ 1.03 $ 0.93
Shares used to compute basic earnings per share 166,152 168,606 166,423 168,956
Diluted earnings per common share $ 0.51 $ 0.48 $ 1.00 $ 0.91
Shares used to compute diluted earnings per share 169,973 172,304 170,338 173,066
Dividends declared per common share $ 0.24 $ 0.22 $ 0.24 $ 0.22