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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Asset management, administration and distribution fees $ 278,565 $ 251,437
Information processing and software servicing fees 74,763 73,399
Transaction-based and trade execution fees 6,656 9,427
Total revenues 359,984 334,263
Expenses:    
Subadvisory, distribution and other asset management costs 42,502 39,195
Software royalties and other information processing costs 7,662 7,748
Brokerage commissions 4,959 7,108
Compensation, benefits and other personnel 108,943 101,931
Stock-based compensation 6,180 3,789
Consulting, outsourcing and professional fees 43,149 38,506
Data processing and computer related 16,772 15,718
Facilities, supplies and other costs 17,478 15,997
Amortization 12,022 11,012
Depreciation 6,800 6,447
Total expenses 266,467 247,451
Income from operations 93,517 86,812
Net gain (loss) from investments 347 (126)
Interest and dividend income 1,343 1,083
Interest expense (112) (114)
Equity in earnings of unconsolidated affiliate 33,565 29,192
Gain on sale of subsidiary 0 2,791
Income before income taxes 128,660 119,638
Income taxes $ 39,923 $ 42,141
Basic earnings per common share $ 0.56 $ 0.48
Net income $ 88,737 $ 77,497
Shares used to compute basic earnings per share 159,091 163,013
Diluted earnings per common share $ 0.55 $ 0.47
Shares used to compute diluted earnings per share 162,742 166,145