XML 22 R9.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Investment In Unconsolidated Affiliate | 9 Months Ended
--- | ---
Sep. 30, 2018
Equity Method Investments and Joint Ventures [Abstract] |
Investment In Unconsolidated Affiliate | Investment in Unconsolidated Affiliate LSV Asset Management The Company has an investment in LSV Asset Management (LSV), a registered investment advisor that provides investment advisory services primarily to institutions, including pension plans and investment companies. LSV is currently an investment sub-advisor for a limited number of SEI-sponsored investment products. The Company's partnership interest in LSV as of September 30, 2018 was 38.9 percent. The Company accounts for its interest in LSV using the equity method because of its less than 50 percent ownership. The Company’s interest in the net assets of LSV is reflected in Investment in unconsolidated affiliate on the accompanying Consolidated Balance Sheets and its interest in the earnings of LSV is reflected in Equity in earnings of unconsolidated affiliate on the accompanying Consolidated Statements of Operations. At September 30, 2018, the Company’s total investment in LSV was $44,682. The Company receives partnership distributions from LSV on a quarterly basis. The Company received partnership distributions from LSV of $138,216 and $117,447 in the nine months ended September 30, 2018 and 2017, respectively. As such, the Company considers these distribution payments as returns on investment rather than returns of the Company's original investment in LSV and has therefore classified the associated cash inflows as an operating activity on the Consolidated Statements of Cash Flows. The Company’s proportionate share in the earnings of LSV was $41,726 and $39,333 during the three months ended September 30, 2018 and 2017, respectively. During the nine months ended September 30, 2018 and 2017, the Company’s proportionate share in the earnings of LSV was $123,406 and $109,213, respectively. These tables contain condensed financial information of LSV:
Condensed Statement of Operations |  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2018 |  | 2017 |  | 2018 |  | 2017
Revenues |  | $ | 133,921 |  |  | $ | 126,723 |  |  | $ | 397,750 |  |  | $ | 355,996 |
Net income |  | 107,284 |  |  | 101,130 |  |  | 317,295 |  |  | 280,717 |
Condensed Balance Sheets |  | September 30, 2018 |  | December 31, 2017
Current assets |  | $ | 150,183 |  |  | $ | 155,239 |
Non-current assets |  | 1,383 |  |  | 1,407 |
Total assets |  | $ | 151,566 |  |  | $ | 156,646 |
Current liabilities |  | $ | 79,052 |  |  | $ | 46,486 |
Partners’ capital |  | 72,514 |  |  | 110,160 |
Total liabilities and partners’ capital |  | $ | 151,566 |  |  | $ | 156,646 |

X
- References No definition available. + Details
Name: | us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
Name: | us-gaap_EquityMethodInvestmentsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration