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Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2021 and 2020 are:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2021						2020						2021						2020
Net income			$	138,045					$	111,096					$	401,293					$	321,404
Shares used to compute basic earnings per common share			140,507,000						145,812,000						141,928,000						147,586,000
Dilutive effect of stock options			1,919,000						2,095,000						2,053,000						2,372,000
Shares used to compute diluted earnings per common share			142,426,000						147,907,000						143,981,000						149,958,000
Basic earnings per common share			$	0.98					$	0.76					$	2.83					$	2.18
Diluted earnings per common share			$	0.97					$	0.75					$	2.79					$	2.14

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:

			2021						2020
Net income			$	401,293					$	321,404
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation			25,141						23,058
Amortization			43,749						39,417
Equity in earnings of unconsolidated affiliate			(103,420)						(86,488)
Distributions received from unconsolidated affiliate			110,559						107,180
Stock-based compensation			31,173						20,458
Provision for losses on receivables			1,569						109
Deferred income tax expense			(6,639)						(7,731)
Net (gain) loss from investments			(134)						1,310
Change in other long-term liabilities			2,103						(4,442)
Change in other assets			314						(965)
Contract costs capitalized, net of amortization			(482)						(2,842)
Other			921						(1,053)
Change in current assets and liabilities
(Increase) decrease in
Receivables from investment products			(4,537)						2,521
Receivables			(58,537)						(37,921)
Other current assets			(3,919)						(6,186)
Advances due from unconsolidated affiliate			51,422						12,641
(Decrease) increase in
Accounts payable			3,006						8,615
Accrued liabilities			(9,851)						8,809
Deferred revenue			150						(1,370)
Total adjustments			82,588						75,120
Net cash provided by operating activities			$	483,881					$	396,524

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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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