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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:      
Revenues $ 1,624,167 $ 1,526,552 $ 1,401,545
Expenses:      
Subadvisory, distribution and other asset management costs 180,488 181,509 173,615
Software royalties and other information processing costs 32,449 46,792 49,821
Compensation, benefits and other personnel 511,258 458,737 414,622
Stock-based compensation 23,805 36,366 16,017
Consulting, outsourcing and professional fees 200,862 186,357 166,769
Data processing and computer related 84,790 77,615 64,930
Facilities, supplies and other costs 70,840 66,646 68,245
Amortization 48,895 48,275 45,392
Depreciation 28,792 27,311 26,440
Total expenses 1,182,179 1,129,608 1,025,851
Income from operations 441,988 396,944 375,694
Net (loss) gain from investments (325) 1,269 112
Interest and dividend income 13,397 7,057 4,316
Interest expense (645) (781) (531)
Equity in earnings of unconsolidated affiliates 159,791 152,550 126,103
Gain on sale of subsidiary 0 0 2,791
Income before income taxes 614,206 557,039 508,485
Income taxes 108,338 152,650 174,668
Net income $ 505,868 $ 404,389 $ 333,817
Basic earnings per common share (in USD per share) $ 3.23 $ 2.56 $ 2.07
Shares used to compute basic earnings per share 156,579 158,177 161,350
Diluted earnings per common share (in USD per share) $ 3.14 $ 2.49 $ 2.03
Shares used to compute diluted earnings per share 161,232 162,269 164,431
Dividends declared per common share (in USD per share) $ 0.63 $ 0.58 $ 0.54
Asset management, administration and distribution fees      
Revenues:      
Revenues $ 1,270,180 $ 1,184,157 $ 1,075,459
Information processing and software servicing fees      
Revenues:      
Revenues $ 353,987 $ 342,395 $ 326,086