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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Revenues $ 416,254 $ 408,682 $ 1,226,660 $ 1,219,110
Expenses:        
Subadvisory, distribution and other asset management costs 44,978 45,276 134,960 135,690
Software royalties and other information processing costs 7,198 7,767 22,719 24,462
Compensation, benefits and other personnel 130,579 127,480 386,913 379,132
Stock-based compensation 5,453 5,878 15,555 16,396
Consulting, outsourcing and professional fees 48,789 51,758 144,325 150,906
Data processing and computer related 22,338 21,754 65,514 63,478
Facilities, supplies and other costs 15,926 16,689 51,771 52,085
Amortization 12,947 12,405 38,407 36,420
Depreciation 7,409 7,255 22,162 21,515
Total expenses 295,617 296,262 882,326 880,084
Income from operations 120,637 112,420 344,334 339,026
Net gain (loss) from investments 611 89 2,121 (460)
Interest and dividend income 4,167 3,482 12,737 9,146
Interest expense (154) (122) (477) (511)
Equity in earnings of unconsolidated affiliate 37,609 41,726 112,758 123,406
Income before income taxes 162,870 157,595 471,473 470,607
Income taxes 30,702 29,276 98,784 80,773
Net income $ 132,168 $ 128,319 $ 372,689 $ 389,834
Basic earnings per common share (in USD per share) $ 0.88 $ 0.82 $ 2.45 $ 2.48
Shares used to compute basic earnings per share (in shares) 150,855 156,283 152,009 157,086
Diluted earnings per common share (in USD per share) $ 0.86 $ 0.80 $ 2.40 $ 2.41
Shares used to compute diluted earnings per share (in shares) 154,227 160,511 155,311 162,053
Dividends declared per common share (in USD per share) $ 0 $ 0 $ 0.33 $ 0.30
Asset management, administration and distribution fees        
Revenues:        
Revenues $ 330,943 $ 322,778 $ 969,812 $ 955,495
Information processing and software servicing fees        
Revenues:        
Revenues $ 85,311 $ 85,904 $ 256,848 $ 263,615