Composition of Certain Financial Statement Captions

Receivables

Receivables on the accompanying Consolidated Balance Sheets consist of:



	2013			2012
Trade receivables	$	44,502		$	46,650
Fees earned, not billed	128,248			116,019
Other receivables	14,565			9,870
	187,315			172,539
Less: Allowance for doubtful accounts	(651		)	(805		)
Receivables, net	$	186,664		$	171,734

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. In addition, certain fees earned from investment operations services are determined from security valuations which delay billings to clients.

Property and Equipment

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



	2013			2012
Buildings	$	138,426		$	137,751
Equipment	70,117			66,167
Land	9,929			9,929
Purchased software	96,268			91,468
Furniture and fixtures	17,060			18,535
Leasehold improvements	4,670			5,037
Construction in progress	2,589			112
	339,059			328,999
Less: Accumulated depreciation	(220,064		)	(201,418		)
Property and Equipment, net	$	118,995		$	127,581

Depreciation expense related to property and equipment for 2013, 2012 and 2011 was $22,497, $22,586 and $21,471, respectively.

Other Assets

Other assets consist of long-term prepaid expenses, deposits, other investments at cost and various other assets. Amortization expense for certain other assets for 2013, 2012 and 2011 was $227, $611 and $1,135, respectively.

Accrued Liabilities

Accrued Liabilities on the accompanying Consolidated Balance Sheets consist of:



	2013		2012
Accrued employee compensation	$	69,256	$	63,996
Accrued employee benefits and other personnel	9,647		7,299
Accrued consulting, outsourcing and professional fees	19,311		16,676
Accrued brokerage fees	5,251		5,733
Accrued sub-advisory, distribution and other asset management fees	25,018		17,548
Accrued dividend payable	37,314		—
Other accrued liabilities	22,326		27,053
Accrued liabilities	$	188,123	$	138,305