XML 55 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2014
Accounting Policies [Abstract]  
Calculation Of Basic And Diluted Earnings Per Share
The calculations of basic and diluted earnings per share for the nine months ended September 30, 2014 and 2013 are:
 
For the Nine Months Ended September 30, 2014
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per Share
Amount
Basic earnings per common share
$
241,616

 
168,612,000

 
$
1.43

Dilutive effect of stock options

 
5,088,000

 
 
Diluted earnings per common share
$
241,616

 
173,700,000

 
$
1.39

 
 
For the Nine Months Ended September 30, 2013
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per Share
Amount
Basic earnings per common share
$
222,609

 
172,043,000

 
$
1.29

Dilutive effect of stock options

 
3,993,000

 
 
Diluted earnings per common share
$
222,609

 
176,036,000

 
$
1.26

The calculations of basic and diluted earnings per share for the three months ended September 30, 2014 and 2013 are:
 
For the Three Months Ended September 30, 2014
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per Share
Amount
Basic earnings per common share
$
83,983

 
167,925,000

 
$
0.50

Dilutive effect of stock options

 
4,980,000

 
 
Diluted earnings per common share
$
83,983

 
172,905,000

 
$
0.49


 
For the Three Months Ended September 30, 2013
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per Share
Amount
Basic earnings per common share
$
67,195

 
171,308,000

 
$
0.39

Dilutive effect of stock options

 
4,735,000

 
 
Diluted earnings per common share
$
67,195

 
176,043,000

 
$
0.38

Adjustments To Reconcile Net Income To Net Cash Provided By Operating Activities
The following table provides the details of the adjustments to reconcile net income to net cash provided by operating activities for the nine months ended September 30:
 
2014
 
2013
Net income
$
241,616

 
$
222,959

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
Depreciation
16,494

 
17,050

Amortization
28,611

 
25,498

Equity in earnings of unconsolidated affiliates
(104,080
)
 
(86,204
)
Distributions received from unconsolidated affiliate
103,592

 
109,173

Stock-based compensation
9,481

 
26,997

Provision for losses on receivables
387

 
(180
)
Deferred income tax expense
4,768

 
(21,443
)
Gain from sale of SEI AK
(5,582
)
 
(22,112
)
Net gain from investments
(49
)
 
(638
)
Change in other long-term liabilities
2,663

 
1,671

Change in other assets
(2,769
)
 
80

Other
(4,665
)
 
(4,199
)
Change in current asset and liabilities
 
 
 
Decrease (increase) in
 
 
 
Restricted cash for broker-dealer operations

 
500

Receivables from regulated investment companies
(7,169
)
 
(8,495
)
Receivables
(24,951
)
 
(17,255
)
Other current assets
(4,862
)
 
(1,208
)
Increase (decrease) in
 
 
 
Accounts payable
(9,723
)
 
(3,960
)
Accrued liabilities
(1,988
)
 
3,149

Deferred revenue
(879
)
 
(1,088
)
Total adjustments
(721
)
 
17,336

Net cash provided by operating activities
$
240,895

 
$
240,295