XML 119 R51.htm IDEA: XBRL DOCUMENT v2.4.0.8

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Schedule of income tax provision attributable to controlling interests and to non-controlling interests

The consolidated income tax provision includes taxes attributable to the controlling interest and, to a lesser extent, taxes attributable to non-controlling interests as follows:

	For the Years Ended December 31,
	2011				2012				2013
Controlling Interests:
Current tax	$	45.0			$	61.0			$	153.1
Intangible related deferred taxes	43.2				22.7				38.1
Other deferred taxes	(4.0		)		(12.1		)		(6.2		)
Total controlling interests	84.2				71.6				185.0
Non-controlling Interests:
Current tax	$	12.9			$	11.7			$	13.3
Deferred taxes	(4.0		)		0.5				(4.2		)
Total non-controlling interests	8.9				12.2				9.1
Provision for income taxes	$	93.1			$	83.8			$	194.1
Income before income taxes (controlling interest)	$	249.1			$	245.6			$	545.5
Effective tax rate attributable to controlling interests(1)	33.8		%		29.2		%		33.9		%

_______________________________________________________________________________

(1) Taxes attributable to the controlling interest divided by Income before income taxes (controlling interest).

Schedule of consolidated provision for income taxes

A summary of the consolidated provision for income taxes is as follows:

	For the Years Ended December 31,
	2011				2012				2013
Current:
Federal	$	6.2			$	14.5			$	104.1
State	11.2				14.2				21.1
Foreign	40.5				44.0				41.2
Total current	57.9				72.7				166.4
Deferred:
Federal	46.8				19.8				38.1
State	5.0				4.6				8.9
Foreign	(16.6		)		(13.3		)		(19.3		)
Total deferred	35.2				11.1				27.7
Provision for income taxes	$	93.1			$	83.8			$	194.1

Schedule of components of income before income taxes

The components of income before income taxes consisted of the following:

	For the Years Ended December 31,
	2011				2012				2013
Domestic	$	243.8			$	238.6			$	604.0
International	208.9				256.6				259.7
	$	452.7			$	495.2			$	863.7

Schedule of effective income tax rate computed by using income before income taxes and applying U.S. federal income tax rate

The Company's effective income tax rate differs from the amount computed by using income before income taxes and applying the U.S. federal income tax rate because of the effect of the following items:

	For the Years Ended December 31,
	2011			2012			2013
Tax at U.S. federal income tax rate	35.0	%		35.0	%		35.0	%
State income taxes, net of federal benefit	1.4			3.5			2.8
Non-deductible expenses	0.5			0.7			0.3
Valuation allowance	(0.1	)		(4.7	)		(0.3	)
Effect of foreign operations	—			(2.9	)		(2.3	)
Foreign basis differences	(0.9	)		(0.4	)		(0.2	)
Effect of changes in tax law, rates	(2.1	)		(2.0	)		(1.4	)
Effect of income from non-controlling interests	(13.2	)		(12.2	)		(11.4	)
	20.6	%		17.0	%		22.5	%

Schedule of components of deferred tax assets and liabilities

The components of deferred tax assets and liabilities are as follows:

	December 31,
	2012				2013
Deferred Tax Assets
State net operating loss carryforwards	$	23.9			$	29.3
Deferred compensation	23.9				29.1
Foreign tax credit carryforwards	20.1				—
Tax benefit of uncertain tax positions	17.6				16.2
Accrued expenses	6.0				17.6
Foreign loss carryforwards	1.5				9.1
Total deferred tax assets	93.0				101.3
Valuation allowance	(21.3		)		(36.6		)
Deferred tax assets, net of valuation allowance	$	71.7			$	64.7
Deferred Tax Liabilities
Intangible asset amortization	$	(238.2	)		$	(241.3	)
Convertible securities interest	(189.2		)		(144.7		)
Non-deductible intangible amortization	(120.1		)		(101.5		)
Deferred revenue	(18.5		)		(32.1		)
Other	(2.8		)		(2.0		)
Total deferred tax liabilities	(568.8		)		(521.6		)
Net deferred tax liability	$	(497.1	)		$	(456.9	)

Schedule of reconciliation of beginning and ending amount of unrecognized tax benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

	For the Years Ended December 31,
	2011				2012				2013
Balance, as of January 1	$	24.6			$	21.2			$	22.6
Additions based on current year tax positions	4.8				5.9				4.1
Additions based on prior years' tax positions	—				5.2				—
Reductions for prior years' tax provisions	—				(5.4		)		(0.1		)
Settlements	(1.2		)		—				—
Reductions related to lapses of statutes of limitations	(6.7		)		(4.6		)		(5.4		)
Additions (reductions) related to foreign exchange rates	(0.3		)		0.3				(0.8		)
Balance, as of December 31	$	21.2			$	22.6			$	20.4

X

- Definition

Tabular disclosure of the components of income tax expense attributable to controlling and non-controlling interests for each year presented including, income before income taxes and effective tax rate attributable to controlling interests.

+ References

No definition available.

+ Details

Name:	amg_ScheduleOfComponentsOfIncomeTaxExpenseBenefitByControllingAndNoncontrollingInterestsTableTextBlock
Namespace Prefix:	amg_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(h)(1)(i))

-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 15

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

+ Details

Name:	us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration