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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2023
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 and nine months ended September 30, 2023 and 2022 are:
 Three Months Ended September 30,Nine Months Ended September 30,
 2023202220232022
Net income$115,661 $61,659 $341,527 $363,243 
Shares used to compute basic earnings per common share132,231,000 135,203,000 133,035,000 136,524,000 
Dilutive effect of stock options1,273,000 1,142,000 1,215,000 1,434,000 
Shares used to compute diluted earnings per common share133,504,000 136,345,000 134,250,000 137,958,000 
Basic earnings per common share$0.87 $0.46 $2.57 $2.66 
Diluted earnings per common share$0.87 $0.45 $2.54 $2.63 
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 nine months ended September 30:
20232022
Net income$341,527 $363,243 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation26,509 24,942 
Amortization28,851 43,777 
Equity in earnings of unconsolidated affiliate(91,517)(88,926)
Distributions received from unconsolidated affiliate100,252 103,504 
Stock-based compensation23,458 31,339 
Provision for losses on receivables283 734 
Deferred income tax expense(20,971)(41,419)
Net (gain) loss from investments(1,053)4,515 
Change in other long-term liabilities3,105 3,014 
Change in other assets1,099 (4,820)
Contract costs capitalized, net of amortization(590)(1,554)
Other2,122 (6,934)
Change in current assets and liabilities
(Increase) decrease in
Receivables from investment products6,327 (32,187)
Receivables(62,053)(41,697)
Other current assets(8,654)(11,422)
Advances due from unconsolidated affiliate51,293 54,328 
(Decrease) increase in
Accounts payable(3,085)(2,103)
Accrued liabilities(48,128)27,092 
Deferred revenue(2,793)3,093 
Total adjustments4,455 65,276 
Net cash provided by operating activities$345,982 $428,519