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Quarterly Financial Data
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Data [Abstract]  
Quarterly Financial Data
Quarterly Financial Data (Unaudited)
 
 
For the Three Months Ended
2016
 
March 31
 
June 30
 
September 30
 
December 31(1)
Revenues
 
$
334,263

 
$
343,831

 
$
354,641

 
$
368,810

Income before income taxes
 
$
119,638

 
$
124,904

 
$
130,890

 
$
133,053

Net income
 
$
77,497

 
$
81,005

 
$
86,704

 
$
88,611

Basic earnings per share
 
$
0.48

 
$
0.50

 
$
0.54

 
$
0.55

Diluted earnings per share (2)
 
$
0.47

 
$
0.49

 
$
0.53

 
$
0.55

 
 
 
 
 
 
 
 
 
Effective income tax rate
 
35.2
%
 
35.2
%
 
33.8
%
 
33.4
%
(1) During the fourth quarter 2016, the Company recognized a performance fee of $12,286 and a corresponding sub-advisory expense of $6,143 associated with an SEI-sponsored investment product. These items resulted in an after-tax net profit of $4,091, or $0.03 diluted earnings per share.
(2) The sum of the individual quarterly earnings per share amounts may not agree with the annual earnings per share amount as each quarterly computation is based on the weighted average number of shares outstanding during that period.
 
 
For the Three Months Ended
2015
 
March 31
 
June 30
 
September 30
 
December 31
Revenues
 
$
325,444

 
$
337,745

 
$
335,622

 
$
335,397

Income before income taxes
 
$
131,000

 
$
133,810

 
$
120,588

 
$
115,082

Net income
 
$
84,611

 
$
86,240

 
$
79,425

 
$
81,379

Basic earnings per share
 
$
0.51

 
$
0.52

 
$
0.48

 
$
0.49

Diluted earnings per share
 
$
0.50

 
$
0.51

 
$
0.47

 
$
0.48

 
 
 
 
 
 
 
 
 
Effective income tax rate
 
35.4
%
 
35.6
%
 
34.1
%
 
29.3
%