XML 47 R22.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Segment Information | 3 Months Ended
--- | ---
Mar. 31, 2014
Segment Reporting [Abstract] |
Segment Information | Segment Information Management has assessed and determined that the Company operates in three business segments representing the Company's three principal distribution channels: Institutional, Mutual Fund and High Net Worth, each of which has different client relationships. Statements of Income
| For the Three Months Ended March 31, 2013
| Institutional |  | Mutual Fund |  | High Net Worth |  | Total
Revenue | $ | 223.8 |  |  | $ | 227.6 |  |  | $ | 50.8 |  |  | $ | 502.2 |
Operating expenses: |  |  |  |  |  |  |
Depreciation, intangible amortization and impairments | 19.6 |  |  | 13.6 |  |  | 3.2 |  |  | 36.4 |
Other operating expenses | 140.6 |  |  | 145.3 |  |  | 29.4 |  |  | 315.3 |
| 160.2 |  |  | 158.9 |  |  | 32.6 |  |  | 351.7 |
Operating income | 63.6 |  |  | 68.7 |  |  | 18.2 |  |  | 150.5 |
Income from equity method investments | 44.4 |  |  | 3.8 |  |  | 2.4 |  |  | 50.6 |
Other non-operating (income) and expenses: |  |  |  |  |  |  |
Investment and other income | (2.4 | ) |  | (1.9 | ) |  | (0.2 | ) |  | (4.5 | )
Interest expense | 14.4 |  |  | 7.6 |  |  | 2.2 |  |  | 24.2 |
Imputed interest expense and contingent payment arrangements | 4.4 |  |  | 9.2 |  |  | 0.6 |  |  | 14.2 |
| 16.4 |  |  | 14.9 |  |  | 2.6 |  |  | 33.9 |
Income before income taxes | 91.6 |  |  | 57.6 |  |  | 18.0 |  |  | 167.2 |
Income taxes | 22.1 |  |  | 11.7 |  |  | 3.7 |  |  | 37.5 |
Net income | 69.5 |  |  | 45.9 |  |  | 14.3 |  |  | 129.7 |
Net income (non-controlling interests) | (30.8 | ) |  | (28.7 | ) |  | (7.8 | ) |  | (67.3 | )
Net income (controlling interest) | $ | 38.7 |  |  | $ | 17.2 |  |  | $ | 6.5 |  |  | $ | 62.4 |
| For the Three Months Ended March 31, 2014
| Institutional |  | Mutual Fund |  | High Net Worth |  | Total
Revenue | $ | 244.9 |  |  | $ | 291.9 |  |  | $ | 56.3 |  |  | $ | 593.1 |
Operating expenses: |  |  |  |  |  |  |
Depreciation, intangible amortization and impairments | 23.3 |  |  | 4.0 |  |  | 3.9 |  |  | 31.2 |
Other operating expenses | 154.9 |  |  | 181.4 |  |  | 31.6 |  |  | 367.9 |
| 178.2 |  |  | 185.4 |  |  | 35.5 |  |  | 399.1 |
Operating income | 66.7 |  |  | 106.5 |  |  | 20.8 |  |  | 194.0 |
Income from equity method investments | 37.0 |  |  | 5.6 |  |  | 3.6 |  |  | 46.2 |
Other non-operating (income) and expenses: |  |  |  |  |  |  |
Investment and other income | (5.5 | ) |  | (2.4 | ) |  | (0.3 | ) |  | (8.2 | )
Interest expense | 9.0 |  |  | 6.9 |  |  | 1.7 |  |  | 17.6 |
Imputed interest expense and contingent payment arrangements | 10.3 |  |  | 10.3 |  |  | 1.9 |  |  | 22.5 |
| 13.8 |  |  | 14.8 |  |  | 3.3 |  |  | 31.9 |
Income before income taxes | 89.9 |  |  | 97.3 |  |  | 21.1 |  |  | 208.3 |
Income taxes | 21.9 |  |  | 22.7 |  |  | 4.3 |  |  | 48.9 |
Net income | 68.0 |  |  | 74.6 |  |  | 16.8 |  |  | 159.4 |
Net income (non-controlling interests) | (32.1 | ) |  | (40.5 | ) |  | (9.6 | ) |  | (82.2 | )
Net income (controlling interest) | $ | 35.9 |  |  | $ | 34.1 |  |  | $ | 7.2 |  |  | $ | 77.2 |
Total assets as of December 31, 2013 | $ | 3,196.5 |  |  | $ | 2,448.4 |  |  | $ | 673.9 |  |  | $ | 6,318.8 |
Total assets as of March 31, 2014 | $ | 3,123.2 |  |  | $ | 2,774.8 |  |  | $ | 722.9 |  |  | $ | 6,620.9 |

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration