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Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2021

Accounting Policies [Abstract]

Calculation Of Basic And Diluted Earnings Per Share

The calculations of basic and diluted earnings per share for the three and six months ended June 30, 2021 and 2020 are:

			Three Months Ended June 30,												Six Months Ended June 30,
			2021						2020						2021						2020
Net income			$	133,778					$	101,066					$	263,248					$	210,308
Shares used to compute basic earnings per common share			142,074,000						147,478,000						142,638,000						148,473,000
Dilutive effect of stock options			2,138,000						2,120,000						2,121,000						2,510,000
Shares used to compute diluted earnings per common share			144,212,000						149,598,000						144,759,000						150,983,000
Basic earnings per common share			$	0.94					$	0.69					$	1.85					$	1.42
Diluted earnings per common share			$	0.93					$	0.68					$	1.82					$	1.39

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 six months ended June 30:

			2021						2020
Net income			$	263,248					$	210,308
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation			16,733						15,113
Amortization			29,075						26,217
Equity in earnings of unconsolidated affiliate			(68,415)						(58,183)
Distributions received from unconsolidated affiliate			68,064						73,241
Stock-based compensation			19,855						13,991
Provision for losses on receivables			2,088						(122)
Deferred income tax expense			(6,869)						(5,459)
Net (gain) loss from investments			(709)						2,086
Change in other long-term liabilities			987						(1,448)
Change in other assets			(976)						(6,135)
Contract costs capitalized, net of amortization			429						(2,117)
Other			929						(1,217)
Change in current assets and liabilities
(Increase) decrease in
Receivables from investment products			(906)						4,292
Receivables			(26,437)						(11,134)
Other current assets			538						(2,716)
Advances due from unconsolidated affiliate			51,364						11,261
(Decrease) increase in
Accounts payable			1,525						6,357
Accrued liabilities			(25,721)						(9,367)
Deferred revenue			195						(836)
Total adjustments			61,749						53,824
Net cash provided by operating activities			$	324,997					$	264,132

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Tabular disclosure of supplemental cash flow information for the periods presented.

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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