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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Revenues $ 1,649,885 $ 1,624,167 $ 1,526,552
Expenses:      
Subadvisory, distribution and other asset management costs 181,418 180,488 181,509
Software royalties and other information processing costs 29,993 32,449 46,792
Compensation, benefits and other personnel 517,917 511,258 458,737
Stock-based compensation 24,582 23,805 36,366
Consulting, outsourcing and professional fees 194,560 200,862 186,357
Data processing and computer related 88,058 84,790 77,615
Facilities, supplies and other costs 72,078 70,840 66,646
Amortization 51,419 48,895 48,275
Depreciation 29,436 28,792 27,311
Total expenses 1,189,461 1,182,179 1,129,608
Income from operations 460,424 441,988 396,944
Net gain (loss) from investments 3,174 (325) 1,269
Interest and dividend income 16,582 13,397 7,057
Interest expense (630) (645) (781)
Equity in earnings of unconsolidated affiliates 151,891 159,791 152,550
Income before income taxes 631,441 614,206 557,039
Income taxes 130,015 108,338 152,650
Net income $ 501,426 $ 505,868 $ 404,389
Basic earnings per common share (in USD per share) $ 3.31 $ 3.23 $ 2.56
Shares used to compute basic earnings per share 151,540 156,579 158,177
Diluted earnings per common share (in USD per share) $ 3.24 $ 3.14 $ 2.49
Shares used to compute diluted earnings per share 154,901 161,232 162,269
Dividends declared per common share (in USD per share) $ 0.68 $ 0.63 $ 0.58
Asset management, administration and distribution fees      
Revenues:      
Revenues $ 1,307,044 $ 1,270,180 $ 1,184,157
Information processing and software servicing fees      
Revenues:      
Revenues $ 342,841 $ 353,987 $ 342,395