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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Revenues $ 1,919,793 $ 1,991,037 $ 1,918,309
Subadvisory, distribution and other asset management costs 189,263 196,732 218,068
Software royalties and other information processing costs 32,289 29,006 27,759
Expenses:      
Subadvisory, distribution and other asset management costs 189,263 196,732 218,068
Software royalties and other information processing costs 32,289 29,006 27,759
Compensation, benefits and other personnel 714,099 720,029 584,497
Stock-based compensation 31,308 39,403 41,451
Consulting, outsourcing and professional fees 231,469 242,013 223,200
Data processing and computer related 137,036 125,171 107,560
Facilities, supplies and other costs 85,836 74,993 69,760
Amortization 38,669 54,280 59,152
Depreciation 35,300 33,657 33,481
Total expenses 1,495,269 1,515,284 1,364,928
Income from operations 424,524 475,753 553,381
Net gain (loss) from investments 2,757 (3,078) (366)
Interest and dividend income 41,027 13,308 3,649
Interest expense (583) (749) (563)
Other income 0 3,379 0
Equity in earnings of unconsolidated affiliates 126,930 120,667 137,572
Income before income taxes 594,655 609,280 693,673
Income taxes 132,397 133,813 147,080
Net income $ 462,258 $ 475,467 $ 546,593
Basic earnings per common share (in USD per share) $ 3.49 $ 3.49 $ 3.87
Shares used to compute basic earnings per common share (in shares) 132,593 136,071 141,216
Diluted earnings per common share (in USD per share) $ 3.46 $ 3.46 $ 3.81
Shares used to compute diluted earnings per common share (in shares) 133,728 137,423 143,312
Dividends declared per common share (in USD per share) $ 0.89 $ 0.83 $ 0.77
Asset management, administration and distribution fees      
Revenues:      
Revenues $ 1,514,815 $ 1,514,063 $ 1,547,016
Information processing and software servicing fees      
Revenues:      
Revenues $ 404,978 $ 476,974 $ 371,293