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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Asset management, administration and distribution fees $ 288,490 $ 262,275 $ 567,055 $ 513,712
Information processing and software servicing fees 77,816 74,992 152,579 148,391
Transaction-based and trade execution fees 6,025 6,564 12,681 15,991
Total revenues 372,331 343,831 732,315 678,094
Expenses:        
Subadvisory, distribution and other asset management costs 43,288 40,870 85,790 80,065
Software royalties and other information processing costs 7,712 7,677 15,374 15,425
Brokerage commissions 4,226 5,093 9,185 12,201
Compensation, benefits and other personnel 109,555 102,282 218,498 204,213
Stock-based compensation 6,259 4,189 12,439 7,978
Consulting, outsourcing and professional fees 48,335 39,575 91,484 78,081
Data processing and computer related 17,883 15,782 34,655 31,500
Facilities, supplies and other costs 18,682 17,122 36,160 33,119
Amortization 12,565 11,284 24,587 22,296
Depreciation 6,599 6,434 13,399 12,881
Total expenses 275,104 250,308 541,571 497,759
Income from operations 97,227 93,523 190,744 180,335
Net gain from investments 44 250 391 124
Interest and dividend income 1,686 1,033 3,029 2,116
Interest expense (114) (187) (226) (301)
Equity in earnings of unconsolidated affiliate 36,315 30,285 69,880 59,477
Gain on sale of subsidiary 0 0 0 2,791
Income before income taxes 135,158 124,904 263,818 244,542
Income taxes 43,389 43,899 83,312 86,040
Net income $ 91,769 $ 81,005 $ 180,506 $ 158,502
Basic earnings per common share $ 0.58 $ 0.50 $ 1.14 $ 0.98
Shares used to compute basic earnings per share 158,325 161,795 158,708 162,404
Diluted earnings per common share $ 0.57 $ 0.49 $ 1.11 $ 0.96
Shares used to compute diluted earnings per share 161,709 165,088 162,226 165,616
Dividends declared per common share $ 0.28 $ 0.26 $ 0.28 $ 0.26