XML 33 R23.htm IDEA: XBRL DOCUMENT
v3.22.1

Summary of Significant Accounting Policies (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Accounting Policies [Abstract] |
Schedule of Calculation of Basic and Diluted Earnings Per Share | The calculations of basic and diluted earnings per share for the three months ended March 31, 2022 and 2021 are:
| Three Months Ended March 31, |  |
| 2022 |  | 2021 |  |  |  |
Net income | $ | 190,308 |  |  | $ | 129,470 |  |  |  |  |
Shares used to compute basic earnings per common share | 137,935,000 |  |  | 143,201,000 |  |  |  |  |
Dilutive effect of stock options | 1,777,000 |  |  | 2,105,000 |  |  |  |  |
Shares used to compute diluted earnings per common share | 139,712,000 |  |  | 145,306,000 |  |  |  |  |
Basic earnings per common share | $ | 1.38 |  |  | $ | 0.90 |  |  |  |  |
Diluted earnings per common share | $ | 1.36 |  |  | $ | 0.89 |  |  |  |  |
Schedule of 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 three months ended March 31:
| 2022 |  | 2021
Net income | $ | 190,308 |  |  | $ | 129,470 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
Depreciation | 8,098 |  |  | 8,309 |
Amortization | 16,887 |  |  | 14,352 |
Equity in earnings of unconsolidated affiliate | (32,459) |  |  | (33,350) |
Distributions received from unconsolidated affiliate | 32,961 |  |  | 28,774 |
Stock-based compensation | 10,566 |  |  | 9,752 |
Provision for losses on receivables | (214) |  |  | 1,207 |
Deferred income tax expense | (10,908) |  |  | (3,915) |
Net loss (gain) from investments | 489 |  |  | (332) |
Change in other long-term liabilities | 1,138 |  |  | 1,043 |
Change in other assets | (706) |  |  | 507 |
Contract costs capitalized, net of amortization | 389 |  |  | 351 |
Other | 1,228 |  |  | 992 |
Change in current assets and liabilities |  |  |
(Increase) decrease in |  |  |
Receivables from investment products | 1,452 |  |  | (2,020) |
Receivables | 3,979 |  |  | (22,016) |
Other current assets | (2,556) |  |  | (4,113) |
Advances due from unconsolidated affiliate | 54,636 |  |  | 51,266 |
(Decrease) increase in |  |  |
Accounts payable | (2,273) |  |  | (2,237) |
Accrued liabilities | (18,078) |  |  | (41,717) |
Deferred revenue | 5,490 |  |  | 250 |
Total adjustments | 70,119 |  |  | 7,103 |
Net cash provided by operating activities | $ | 260,427 |  |  | $ | 136,573 |

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration