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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 581,191 $ 462,258 $ 475,467
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 33,358 35,300 33,657
Amortization 41,869 38,669 54,280
Equity in earnings of unconsolidated affiliates (135,741) (126,930) (120,667)
Partner distributions received from unconsolidated affiliate 139,119 121,582 120,849
Stock-based compensation 58,626 31,308 39,403
Provision for losses on receivables 772 (238) (701)
Deferred income tax benefit (13,780) (33,496) (46,489)
Net (gain) loss from investments (2,790) (2,757) 3,078
Net gain from sale of property (8,151) 0 0
Change in other long-term liabilities (493) 901 285
Change in other assets (2,939) 1,273 (6,039)
Contract costs capitalized, net of amortization (5,634) (2,293) (1,692)
Contingent consideration fair value adjustment (1,547) 0 0
Write off of fixed assets and capitalized software 359 5,613 0
Other (3,250) (780) (4,638)
Change in current assets and liabilities:      
Receivables from investment products 1,768 6,128 (2,978)
Receivables (66,391) (43,635) (15,663)
Other current assets 1,851 (5,714) (5,194)
Advances due from unconsolidated affiliate (6,896) (760) 3,063
Accounts payable 2,463 (2,665) 2,971
Accrued liabilities 13,708 (37,083) 32,166
Deferred revenue (5,129) 349 4,961
Total adjustments 41,152 (15,228) 90,652
Net cash provided by operating activities 622,343 447,030 566,119
Cash flows from investing activities:      
Additions to property and equipment (32,226) (24,835) (39,191)
Additions to capitalized software (24,340) (33,958) (35,293)
Purchases of marketable securities (177,025) (143,389) (178,217)
Purchases of interest in limited partnerships (9,483) 0 0
Prepayments and maturities of marketable securities 145,345 121,095 160,981
Sales of marketable securities 7,572 893 179
Proceeds from fixed asset dispositions 9,946 0 0
Cash paid for acquisitions, net of cash acquired (29,037) (56,435) 0
Proceeds from insurance settlements 0 0 4,388
Other investing activities (8,054) (4,914) (2,656)
Net cash used in investing activities (117,302) (141,543) (89,809)
Cash flows from financing activities:      
Payments under revolving credit facility 0 0 (40,000)
Payment of contingent consideration 0 (8,799) (868)
Purchase and retirement of common stock (500,061) (308,854) (344,723)
Proceeds from issuance of common stock 126,006 101,166 58,186
Payment of dividends (120,346) (114,837) (109,830)
Net cash used in financing activities (494,401) (331,324) (437,235)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (5,445) 7,476 (17,474)
Net increase (decrease) in cash, cash equivalents and restricted cash 5,195 (18,361) 21,601
Cash, cash equivalents and restricted cash, beginning of year 834,998 853,359 831,758
Cash, cash equivalents and restricted cash, end of year 840,193 834,998 853,359
Interest paid 563 703 815
Income taxes paid 185,297 145,973 192,514
Non-cash investing and financing activities      
Acquisition of businesses in current assets, property and equipment, current liabilities and other long-term liabilities 29,000 59,972 0
Dividends declared but not paid $ 63,877 $ 61,104 $ 58,051