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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Revenues $ 414,762 $ 400,820
Expenses:    
Subadvisory, distribution and other asset management costs 45,337 43,805
Software royalties and other information processing costs 7,447 8,128
Compensation, benefits and other personnel 131,481 130,335
Stock-based compensation 6,929 5,038
Consulting, outsourcing and professional fees 53,290 50,206
Data processing and computer related 22,704 20,992
Facilities, supplies and other costs 16,796 18,745
Amortization 13,077 12,679
Depreciation 7,473 7,331
Total expenses 304,534 297,259
Income from operations 110,228 103,561
Net (loss) gain from investments (3,989) 1,279
Interest and dividend income 3,203 4,257
Interest expense (152) (157)
Equity in earnings of unconsolidated affiliate 29,907 37,317
Income before income taxes 139,197 146,257
Income taxes 29,955 32,276
Net income $ 109,242 $ 113,981
Basic earnings per common share (in USD per share) $ 0.73 $ 0.74
Shares used to compute basic earnings per share (in shares) 149,468 153,310
Diluted earnings per common share (in USD per share) $ 0.72 $ 0.73
Shares used to compute diluted earnings per share (in shares) 152,368 156,541
Asset management, administration and distribution fees    
Revenues:    
Revenues $ 331,853 $ 313,944
Information processing and software servicing fees    
Revenues:    
Revenues $ 82,909 $ 86,876