XML 38 R37.htm IDEA: XBRL DOCUMENT v2.4.1.9

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Schedule of Federal and State and Foreign Income Tax Provision

The federal and state and foreign income tax provision is summarized as follows:

Year Ended December 31,		2014				2013				2012
Current
Federal		$	155,273			$	153,856			$	112,247
State		8,744				11,542				5,284
Foreign		5,254				4,727				4,511
		169,271				170,125				122,042
Deferred, including current deferred
Federal		1,667				(2,214		)		(2,708		)
State		11				(16,264		)		(2,199		)
Foreign		—				(4,814		)		3,970
		1,678				(23,292		)		(937		)
Income taxes attributable to the noncontrolling interest		—				91				357
Total income taxes		$	170,949			$	146,924			$	121,462

Components of Net Income Before Income Taxes

The components of Income before income taxes are summarized as follows:

Year Ended December 31,		2014				2013				2012
Domestic		$	475,175			$	427,915			$	319,907
Foreign		14,487				7,042				8,046
		$	489,662			$	434,957			$	327,953

Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate

The effective income tax rate differs from the federal income tax statutory rate due to the following:

Year Ended December 31,	2014			2013			2012
Statutory rate	35.0	%		35.0	%		35.0	%
State taxes, net of Federal tax benefit	1.2			1.5			1.0
Foreign tax expense and tax rate differential	(0.7	)		0.5			1.6
Research and development tax credit	(0.4	)		(0.8	)		—
Domestic Production Activities Deduction	(0.4	)		(0.5	)		(0.6	)
PA Tax Law changes and change in valuation allowance on loss carryforwards	—			(2.4	)		(0.3	)
Net change in uncertain tax positions	0.3			0.1			0.5
Other, net	(0.1	)		0.3			(0.3	)
	34.9	%		33.7	%		36.9	%

Schedule of Deferred Tax Assets and Liabilities

The net deferred income tax liability is comprised of:

Year Ended December 31,		2014				2013
Current deferred income taxes:
Gross assets		$	2,952			$	2,458
Gross liabilities		(4,366		)		(4,111		)
		(1,414		)		(1,653		)
Valuation allowance		—				—
		(1,414		)		(1,653		)
Long-term deferred income taxes:
Gross assets		66,335				69,483
Gross liabilities		(113,581		)		(121,317		)
		(47,246		)		(51,834		)
Valuation allowance		(16,509		)		(14,738		)
		(63,755		)		(66,572		)
Net deferred income tax liability		$	(65,169	)		$	(68,225	)

Schedule of Temporary Differences Representing Net Deferred Tax Assets or Liabilities

The tax effect of significant temporary differences representing deferred tax liabilities is:

Year Ended December 31,		2014				2013
Difference in financial reporting and income tax depreciation methods		$	(3,637	)		$	(7,043	)
Reserves not currently deductible		209				235
Capitalized software currently deductible for tax purposes, net of amortization		(118,841		)		(119,800		)
State deferred income taxes		(420		)		251
Revenue and expense recognized in different periods for financial reporting and income tax purposes		6,212				3,856
Unrealized holding gain on investments		(475		)		(308		)
Stock-based compensation expense		38,989				45,555
State net operating loss carryforward		24,150				21,215
Valuation allowance on deferred tax assets		(16,509		)		(14,738		)
Federal benefit of state tax deduction for uncertain tax positions		2,913				2,643
Foreign tax credit		2,327				—
Foreign deferred including taxes on cumulative undistributed earnings of SEI AK		(87		)		(91		)
Net deferred income tax liability		$	(65,169	)		$	(68,225	)

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of unrecognized tax benefit is as follows:

		2014				2013				2012
Balance as of January 1		$	12,028			$	11,553			$	9,410
Tax positions related to current year:
Gross additions		1,957				1,834				2,196
Gross reductions		—				—				—
		1,957				1,834				2,196
Tax positions related to prior years:
Gross additions		1,369				3,435				1,990
Gross reductions		—				—				—
		1,369				3,435				1,990
Settlements		—				(3,772		)		(99		)
Lapses on statute of limitations		(1,336		)		(1,022		)		(1,944		)
Balance as of December 31		$	14,018			$	12,028			$	11,553

X

- Definition

Schedule of tax effect of significant temporary differences representing net deferred tax asset or liability.

+ References

No definition available.

+ Details

Name:	seic_ScheduleofTaxEffectofTemporaryDifferencesRepresentingNetDeferredTaxAssetorLiabilityTableTextBlock
Namespace Prefix:	seic_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(h)(1)(i))

-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 55

-Paragraph 217

-URI http://asc.fasb.org/extlink&oid=32707879&loc=d3e36027-109320



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 15A

-URI http://asc.fasb.org/extlink&oid=6907707&loc=SL6600010-109319

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration