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Consolidated Statements of Operations (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Total revenue $ 551,344 $ 511,579
Expenses:    
Subadvisory, distribution and other asset management costs 47,532 46,768
Software royalties and other information processing costs 9,081 8,471
Compensation, benefits and other personnel 190,784 192,916
Stock-based compensation 14,138 11,059
Consulting, outsourcing and professional fees 56,001 51,976
Data processing and computer related 39,319 37,160
Facilities, supplies and other costs 18,755 18,603
Amortization 10,710 10,386
Depreciation 7,927 8,389
Total expenses 394,247 385,728
Income from operations 157,097 125,851
Net gain from investments 493 2,256
Interest and dividend income 10,221 10,819
Interest expense (185) (139)
Equity in earnings of unconsolidated affiliate 28,747 31,643
Income before income taxes 196,373 170,430
Income taxes 44,856 39,030
Net income $ 151,517 $ 131,400
Basic earnings per common share (in USD per share) $ 1.20 $ 1.00
Shares used to compute basic earnings per share (in shares) 126,561 131,417
Diluted earnings per common share (in USD per share) $ 1.17 $ 0.99
Shares used to compute diluted earnings per share (in shares) 129,450 132,745
Asset management, administration and distribution fees    
Revenues:    
Total revenue $ 432,143 $ 404,366
Information processing and software servicing fees    
Revenues:    
Total revenue $ 119,201 $ 107,213