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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Revenues $ 1,684,058 $ 1,649,885 $ 1,624,167
Expenses:      
Subadvisory, distribution and other asset management costs 181,618 181,418 180,488
Software royalties and other information processing costs 28,937 29,993 32,449
Compensation, benefits and other personnel 527,509 517,917 511,258
Stock-based compensation 27,014 24,582 23,805
Consulting, outsourcing and professional fees 227,916 194,560 200,862
Data processing and computer related 96,328 88,058 84,790
Facilities, supplies and other costs 64,915 72,078 70,840
Amortization 52,975 51,419 48,895
Depreciation 30,959 29,436 28,792
Total expenses 1,238,171 1,189,461 1,182,179
Income from operations 445,887 460,424 441,988
Net (loss) gain from investments (286) 3,174 (325)
Interest and dividend income 6,568 16,582 13,397
Interest expense (609) (630) (645)
Equity in earnings of unconsolidated affiliates 117,134 151,891 159,791
Income before income taxes 568,694 631,441 614,206
Income taxes 121,408 130,015 108,338
Net income $ 447,286 $ 501,426 $ 505,868
Basic earnings per common share (in USD per share) $ 3.05 $ 3.31 $ 3.23
Shares used to compute basic earnings per share 146,709 151,540 156,579
Diluted earnings per common share (in USD per share) $ 3.00 $ 3.24 $ 3.14
Shares used to compute diluted earnings per share 149,003 154,901 161,232
Dividends declared per common share (in USD per share) $ 0.72 $ 0.68 $ 0.63
Asset management, administration and distribution fees      
Revenues:      
Revenues $ 1,345,649 $ 1,307,044 $ 1,270,180
Information processing and software servicing fees      
Revenues:      
Revenues $ 338,409 $ 342,841 $ 353,987