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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Asset management, administration and distribution fees $ 251,437 $ 246,768
Information processing and software servicing fees 73,399 70,653
Transaction-based and trade execution fees 9,427 8,023
Total revenues 334,263 325,444
Expenses:    
Subadvisory, distribution and other asset management costs 39,195 38,517
Software royalties and other information processing costs 7,748 7,509
Brokerage commissions 7,108 5,972
Compensation, benefits and other personnel 101,931 94,186
Stock-based compensation 3,789 3,750
Consulting, outsourcing and professional fees 38,506 35,628
Data processing and computer related 15,718 13,400
Facilities, supplies and other costs 15,997 17,059
Amortization 11,012 10,358
Depreciation 6,447 5,995
Total expenses 247,451 232,374
Income from operations 86,812 93,070
Net (loss) gain from investments (126) 250
Interest and dividend income 1,083 969
Interest expense (114) (113)
Equity in earnings of unconsolidated affiliates 29,192 34,033
Gain on sale of subsidiary 2,791 2,791
Income before income taxes 119,638 131,000
Income taxes 42,141 46,389
Net income $ 77,497 $ 84,611
Basic earnings per common share $ 0.48 $ 0.51
Shares used to compute basic earnings per share 163,013 166,695
Diluted earnings per common share $ 0.47 $ 0.50
Shares used to compute diluted earnings per share 166,145 170,703