Composition Of Certain Financial Statement Captions

9 Months Ended

Sep. 30, 2011

Composition Of Certain Financial Statement Captions

Composition Of Certain Financial Statement Captions

Note 4. Composition of Certain Financial Statement Captions

Receivables

Receivables on the accompanying Consolidated Balance Sheets consist of:


	September 30, 2011			December 31, 2010
Trade receivables	$	36,581		$	34,528
Fees earned, not billed		99,274			93,506
Other receivables		4,703			9,651

		140,558			137,685
Less: Allowance for doubtful accounts		(1,097	)		(1,195	)

	$	139,461		$	136,490

Fees earned, not billed represents receivables earned but unbilled and results from timing differences between services provided and contractual billing schedules. These billing schedules generally provide for fees to be billed on a quarterly basis.

Receivables from regulated investment companies on the accompanying Consolidated Balance Sheets primarily represent fees receivable for distribution, investment advisory, and administration services to various regulated investment companies sponsored by SEI.

Property and Equipment

Property and Equipment on the accompanying Consolidated Balance Sheets consists of:


	September 30, 2011			December 31, 2010
Buildings	$	136,690		$	135,935
Equipment		67,812			63,902
Land		9,929			9,890
Purchased software		78,026			74,720
Furniture and fixtures		18,023			18,566
Leasehold improvements		4,525			4,250
Construction in progress		155			121

		315,160			307,384
Less: Accumulated depreciation and amortization		(182,045	)		(166,816	)

Property and Equipment, net	$	133,115		$	140,568

The Company recognized $16,348 and $16,392 in depreciation expense related to property and equipment for the nine months ended September 30, 2011 and 2010, respectively.

Accrued Liabilities

Accrued liabilities on the accompanying Consolidated Balance Sheets consist of:


	September 30, 2011		December 31, 2010
Accrued employee compensation	$	37,991	$	43,747
Accrued employee benefits and other personnel		5,005		6,988
Accrued consulting, outsourcing and professional fees		16,522		16,390
Accrued brokerage fees		9,075		11,942
Accrued sub-advisory, distribution and other asset management fees		14,149		16,778
Accrued income taxes		0		2,077
Other accrued liabilities		22,218		23,488

Total accrued liabilities	$	104,960	$	121,410