Composition of Certain Financial Statement Captions

12 Months Ended

Dec. 31, 2018

Items Included in Consolidated Statement of Financial Condition [Abstract]

Composition of Certain Financial Statement Captions

Receivables

Receivables on the accompanying Consolidated Balance Sheets consist of:



	2018			2017
Trade receivables	$	76,362		$	76,760
Fees earned, not billed	226,001			194,331
Other receivables	13,691			12,310
	316,054			283,401
Less: Allowance for doubtful accounts	(718		)	(695		)
Receivables, net	$	315,336		$	282,706

Fees earned, not billed represents receivables from contracts from customers earned but unbilled and results from timing differences between services provided and contractual billing schedules. These billing schedules generally provide for fees to be billed on a quarterly basis. In addition, certain fees earned from investment operations services are calculated based on assets under administration that have an extended valuation process. Billings to these clients occur once the asset valuation processes are completed.

Property and Equipment

Property and Equipment on the accompanying Consolidated Balance Sheets consists of:



	2018			2017
Buildings	$	160,796		$	153,961
Equipment	126,954			115,546
Land	10,772			10,030
Purchased software	139,245			134,610
Furniture and fixtures	18,103			18,114
Leasehold improvements	18,959			18,017
Construction in progress	9,240			6,105
	484,069			456,383
Less: Accumulated depreciation	(338,206		)	(309,955		)
Property and Equipment, net	$	145,863		$	146,428

Depreciation expense related to property and equipment for 2018, 2017 and 2016 was $28,792, $27,311 and $26,440, respectively.

Other Assets

Other assets consist of long-term prepaid expenses, deposits, other investments at cost and various other assets. Amortization expense for certain other assets for 2018, 2017 and 2016 was $231, $218 and $345, respectively.

Accrued Liabilities

Accrued Liabilities on the accompanying Consolidated Balance Sheets consist of:



	2018		2017
Accrued employee compensation	$	97,603	$	88,960
Accrued consulting, outsourcing and professional fees	31,000		29,658
Accrued sub-advisory, distribution and other asset management fees	42,583		42,365
Accrued dividend payable	50,761		47,179
Other accrued liabilities	57,687		56,896
Accrued liabilities	$	279,634	$	265,058