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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Revenues $ 455,686 $ 414,762
Expenses:    
Subadvisory, distribution and other asset management costs 50,164 45,337
Software royalties and other information processing costs 5,742 7,447
Compensation, benefits and other personnel 137,221 131,481
Stock-based compensation 9,752 6,929
Consulting, outsourcing and professional fees 54,340 53,290
Data processing and computer related 25,721 22,704
Facilities, supplies and other costs 17,248 16,796
Amortization 14,352 13,077
Depreciation 8,309 7,473
Total expenses 322,849 304,534
Income from operations 132,837 110,228
Net gain (loss) from investments 332 (3,989)
Interest and dividend income 945 3,203
Interest expense (123) (152)
Equity in earnings of unconsolidated affiliate 33,350 29,907
Income before income taxes 167,341 139,197
Income taxes 37,871 29,955
Net income $ 129,470 $ 109,242
Basic earnings per common share (in USD per share) $ 0.90 $ 0.73
Shares used to compute basic earnings per share (in shares) 143,201 149,468
Diluted earnings per common share (in USD per share) $ 0.89 $ 0.72
Shares used to compute diluted earnings per share (in shares) 145,306 152,368
Asset management, administration and distribution fees    
Revenues:    
Revenues $ 367,646 $ 331,853
Information processing and software servicing fees    
Revenues:    
Revenues $ 88,040 $ 82,909