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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2019
Accounting Policies [Abstract]  
Calculation Of Basic And Diluted Earnings Per Share
The calculations of basic and diluted earnings per share for the three and nine months ended September 30, 2019 and 2018 are:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Net income
$
132,168

 
$
128,319

 
$
372,689

 
$
389,834

Shares used to compute basic earnings per common share
150,855,000

 
156,283,000

 
152,009,000

 
157,086,000

Dilutive effect of stock options
3,372,000

 
4,228,000

 
3,302,000

 
4,967,000

Shares used to compute diluted earnings per common share
154,227,000

 
160,511,000

 
155,311,000

 
162,053,000

Basic earnings per common share
$
0.88

 
$
0.82

 
$
2.45

 
$
2.48

Diluted earnings per common share
$
0.86

 
$
0.80

 
$
2.40

 
$
2.41


Adjustments To Reconcile Net Income To Net Cash Provided By Operating Activities
The following table provides the details of the adjustments to reconcile net income to net cash provided by operating activities for the nine months ended September 30:
 
2019
 
2018
Net income
$
372,689

 
$
389,834

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
Depreciation
22,162

 
21,515

Amortization
38,407

 
36,420

Equity in earnings of unconsolidated affiliate
(112,758
)
 
(123,406
)
Distributions received from unconsolidated affiliate
123,663

 
138,216

Stock-based compensation
15,555

 
16,396

Provision for losses on receivables
593

 
(29
)
Deferred income tax expense
(1,405
)
 
8,378

Net (gain) loss from investments
(2,121
)
 
460

Change in long-term income taxes payable

 
(9,859
)
Change in other long-term liabilities
2,077

 
1,930

Change in other assets
(56
)
 
(4,214
)
Contract costs capitalized, net of amortization
(4,499
)
 
(3,463
)
Other
(721
)
 
(99
)
Change in current assets and liabilities
 
 
 
(Increase) decrease in
 
 
 
Receivables from investment products
(2,271
)
 
2,263

Receivables
(34,589
)
 
(44,878
)
Other current assets
729

 
(5,955
)
(Decrease) increase in
 
 
 
Accounts payable
(2,208
)
 
3,893

Accrued liabilities
(34,087
)
 
(9,717
)
Deferred revenue
375

 
213

Total adjustments
8,846

 
28,064

Net cash provided by operating activities
$
381,535

 
$
417,898