Quarterly Financial Data

12 Months Ended

Dec. 31, 2017

Quarterly Financial Data (Unaudited)



	For the Three Months Ended
2017	March 31			June 30			September 30			December 31(1)
Revenues	$	359,984		$	372,331		$	386,018		$	408,219
Income before income taxes	$	128,660		$	135,158		$	140,769		$	152,452
Net income	$	88,737		$	91,769		$	101,739		$	122,144
Basic earnings per share	$	0.56		$	0.58		$	0.64		$	0.78
Diluted earnings per share (2)	$	0.55		$	0.57		$	0.63		$	0.75

Effective income tax rate	31.0		%	32.1		%	27.7		%	19.9		%

(1) During the fourth quarter 2017, the Company recognized an estimated net tax benefit of $12,410, or $0.08 diluted earnings per share, resulting from the impacts of the enactment of the Tax Act on December 22, 2017 (See Note 12).

(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
2016	March 31			June 30			September 30			December 31(3)
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		%

(3) 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.