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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Asset management, administration and distribution fees $ 316,209 $ 279,461
Information processing and software servicing fees 89,389 80,523
Total revenues 405,598 359,984
Expenses:    
Subadvisory, distribution and other asset management costs 45,205 43,152
Software royalties and other information processing costs 8,718 11,971
Compensation, benefits and other personnel 124,277 108,943
Stock-based compensation 5,195 6,180
Consulting, outsourcing and professional fees 48,707 43,149
Data processing and computer related 20,591 18,325
Facilities, supplies and other costs 17,613 15,925
Amortization 11,854 12,022
Depreciation 7,122 6,800
Total expenses 289,282 266,467
Income from operations 116,316 93,517
Net (loss) gain from investments (410) 347
Interest and dividend income 2,502 1,343
Interest expense (257) (112)
Equity in earnings of unconsolidated affiliate 40,607 33,565
Income before income taxes 158,758 128,660
Income taxes 18,920 39,923
Net income $ 139,838 $ 88,737
Basic earnings per common share (in USD per share) $ 0.89 $ 0.56
Shares used to compute basic earnings per share 157,434 159,091
Diluted earnings per common share (in USD per share) $ 0.86 $ 0.55
Shares used to compute diluted earnings per share 163,424 162,742