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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2017
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 March 31, 2017 and 2016 are:
 
Three Months Ended March 31,
 
2017
 
2016
Net income
$
88,737

 
$
77,497

Shares used to compute basic earnings per common share
159,091,000

 
163,013,000

Dilutive effect of stock options
3,651,000

 
3,132,000

Shares used to compute diluted earnings per common share
162,742,000

 
166,145,000

Basic earnings per common share
$
0.56

 
$
0.48

Diluted earnings per common share
$
0.55

 
$
0.47

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 three months ended March 31:
 
2017
 
2016
Net income
$
88,737

 
$
77,497

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
Depreciation
6,800

 
6,447

Amortization
12,022

 
11,012

Equity in earnings of unconsolidated affiliate
(33,565
)
 
(29,192
)
Distributions received from unconsolidated affiliate
35,265

 
34,525

Stock-based compensation
6,180

 
3,789

Provision for losses on receivables
(5
)
 
51

Deferred income tax expense
877

 
(1,029
)
Gain from sale of SEI AK

 
(2,791
)
Net (gain) loss from investments
(347
)
 
126

Tax benefit on stock options exercised (1)

 
624

Change in other long-term liabilities
965

 
279

Change in other assets
(849
)
 
1,099

Other
56

 
676

Change in current asset and liabilities
 
 
 
Decrease (increase) in
 
 
 
Receivables from investment products
10,308

 
(3,535
)
Receivables
(24,243
)
 
(6,585
)
Other current assets
(2,298
)
 
(2,622
)
Increase (decrease) in
 
 
 
Accounts payable
1,406

 
(157
)
Accrued liabilities
(27,754
)
 
(12,120
)
Deferred revenue
(543
)
 
551

Total adjustments
(15,725
)
 
1,148

Net cash provided by operating activities
$
73,012

 
$
78,645

(1) The tax benefit on stock options exercised for the three months ended March 31, 2016 was reclassified to operating activities from financing activities upon the adoption of ASU 2016-09.