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Consolidated Statements of Operations (unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Total revenue $ 559,601 $ 518,986 $ 1,110,945 $ 1,030,565
Expenses:        
Subadvisory, distribution and other asset management costs 49,709 46,542 97,241 93,310
Software royalties and other information processing costs 9,191 8,096 18,272 16,567
Compensation, benefits and other personnel 199,574 185,878 390,358 378,794
Stock-based compensation 13,891 12,469 28,029 23,528
Consulting, outsourcing and professional fees 56,942 53,991 112,943 105,967
Data processing and computer related 41,801 38,074 81,120 75,234
Facilities, supplies and other costs 21,744 18,570 40,499 37,173
Amortization 10,449 10,485 21,159 20,871
Depreciation 7,665 8,367 15,592 16,756
Total expenses 410,966 382,472 805,213 768,200
Income from operations 148,635 136,514 305,732 262,365
Net gain from investments 1,759 666 2,252 2,922
Interest and dividend income 9,283 11,552 19,504 22,371
Interest expense (92) (139) (277) (278)
Gain on sale of business 94,412 0 94,412 0
Other income 4,500 0 4,500 0
Equity in earnings of unconsolidated affiliate 33,640 34,219 62,387 65,862
Income before income taxes 292,137 182,812 488,510 353,242
Income taxes 65,054 43,692 109,910 82,722
Net income $ 227,083 $ 139,120 $ 378,600 $ 270,520
Basic earnings per common share (in USD per share) $ 1.82 $ 1.06 $ 3.02 $ 2.06
Shares used to compute basic earnings per share (in shares) 124,470 130,815 125,516 131,116
Diluted earnings per common share (in USD per share) $ 1.78 $ 1.05 $ 2.95 $ 2.04
Shares used to compute diluted earnings per share (in shares) 127,278 132,073 128,364 132,409
Dividends declared per common share (in USD per share) $ 0.49 $ 0.46 $ 0.49 $ 0.46
Asset management, administration and distribution fees        
Revenues:        
Total revenue $ 437,543 $ 409,398 $ 869,686 $ 813,764
Information processing and software servicing fees        
Revenues:        
Total revenue $ 122,058 $ 109,588 $ 241,259 $ 216,801