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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2016
Accounting Policies [Abstract]  
Calculation Of Basic And Diluted Earnings Per Share
The calculations of basic and diluted earnings per share for the three months ended June 30, 2016 and 2015 are:
 
For the Three Months Ended June 30, 2016
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per Share
Amount
Basic earnings per common share
$
81,005

 
161,795,000

 
$
0.50

Dilutive effect of stock options

 
3,293,000

 
 
Diluted earnings per common share
$
81,005

 
165,088,000

 
$
0.49


 
For the Three Months Ended June 30, 2015
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per Share
Amount
Basic earnings per common share
$
86,240

 
166,152,000

 
$
0.52

Dilutive effect of stock options

 
3,821,000

 
 
Diluted earnings per common share
$
86,240

 
169,973,000

 
$
0.51

 
For the Six Months Ended June 30, 2016
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per Share
Amount
Basic earnings per common share
$
158,502

 
162,404,000

 
$
0.98

Dilutive effect of stock options

 
3,212,000

 
 
Diluted earnings per common share
$
158,502

 
165,616,000

 
$
0.96

 
For the Six Months Ended June 30, 2015
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per Share
Amount
Basic earnings per common share
$
170,851

 
166,423,000

 
$
1.03

Dilutive effect of stock options

 
3,915,000

 
 
Diluted earnings per common share
$
170,851

 
170,338,000

 
$
1.00

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 six months ended June 30:
 
2016
 
2015
Net income
$
158,502

 
$
170,851

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
Depreciation
12,881

 
11,838

Amortization
22,296

 
20,969

Equity in earnings of unconsolidated affiliates
(59,477
)
 
(71,322
)
Distributions received from unconsolidated affiliate
67,061

 
74,847

Stock-based compensation
7,978

 
7,609

Provision for losses on receivables
297

 
(128
)
Deferred income tax expense
(311
)
 
482

Gain from sale of SEI AK
(2,791
)
 
(2,791
)
Net gain from investments
(124
)
 
(212
)
Change in other long-term liabilities
865

 
914

Change in other assets
1,084

 
(643
)
Other
1,030

 
(1,269
)
Change in current asset and liabilities
 
 
 
Decrease (increase) in
 
 
 
Receivables from investment products
1,032

 
1,473

Receivables
(19,357
)
 
(21,502
)
Other current assets
(4,006
)
 
(6,745
)
Increase (decrease) in
 
 
 
Accounts payable
(970
)
 
(3,813
)
Accrued liabilities
(27,634
)
 
(27,412
)
Deferred revenue
1,094

 
3,638

Total adjustments
948

 
(14,067
)
Net cash provided by operating activities
$
159,450

 
$
156,784