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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 546,593 $ 447,286 $ 501,426
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 33,481 30,959 29,436
Amortization 59,152 52,975 51,419
Equity in earnings of unconsolidated affiliates (137,572) (117,134) (151,891)
Partner distributions received from unconsolidated affiliate 131,170 125,534 148,936
Stock-based compensation 41,451 27,014 24,582
Provision for losses on receivables 502 (101) 483
Deferred income tax benefit (7,831) (1,036) (3,414)
Net loss (gain) from investments 366 286 (3,174)
Change in other long-term liabilities 824 (420) (163)
Change in other assets 68 (1,449) 1,791
Contract costs capitalized, net of amortization (2,455) (2,790) (6,984)
Other 1,538 912 620
Decrease (increase) in:      
Receivables from investment products (3,765) (1,106) (4,296)
Receivables (53,944) (44,761) (25,505)
Other current assets (4,202) (6,407) 3,334
Advances due from unconsolidated affiliate (3,083) (39,420) (12,116)
Increase (decrease) in:      
Accounts payable 249 3,343 (6,497)
Accrued liabilities 27,016 21,097 (4,896)
Deferred revenue 3,543 (6,100) 2,031
Total adjustments 86,508 41,396 43,696
Net cash provided by operating activities 633,101 488,682 545,122
Cash flows from investing activities:      
Additions to property and equipment (26,499) (54,448) (43,097)
Additions to capitalized software (26,037) (24,119) (34,074)
Purchases of marketable securities (216,260) (143,493) (174,997)
Prepayments and maturities of marketable securities 194,769 155,110 171,399
Sales of marketable securities 327 842 51
Cash paid for acquisitions, net of cash acquired (80,159) 0 0
Other investing activities (11,024) (1,388) 2,538
Net cash used in investing activities (164,883) (67,496) (78,180)
Cash flows from financing activities:      
Borrowings under revolving credit facility 40,000 0 0
Payment of contingent consideration (3,965) (633) (433)
Purchase and retirement of common stock (408,069) (427,001) (346,352)
Proceeds from issuance of common stock 55,231 49,413 60,910
Payment of dividends (105,516) (103,914) (100,745)
Net cash used in financing activities (422,319) (482,135) (386,620)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,868) 4,129 6,186
Net increase (decrease) in cash, cash equivalents and restricted cash 44,031 (56,820) 86,508
Cash, cash equivalents and restricted cash, beginning of year 787,727 844,547 758,039
Cash, cash equivalents and restricted cash, end of year 831,758 787,727 844,547
Interest paid 554 612 493
Income taxes paid 154,268 121,987 139,326
Non-cash operating activities      
Operating lease right-of-use assets and net lease liabilities recorded upon adoption of ASC 842 0 0 44,169
Non-cash investing and financing activities      
Acquisition of businesses in current assets, property and equipment, current liabilities and other long-term liabilities 76,621 0 0
Dividends declared but not paid $ 55,452 $ 53,127 $ 52,452