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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating Activities      
Net income including the noncontrolling interests in subsidiaries $ 171,986 $ 149,822 $ 166,355
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities      
Amortization of deferred sales commissions 15,054 12,699 9,153
Depreciation and other amortization 9,535 10,704 10,435
Share-based compensation expense 22,685 21,711 20,560
Loss (gain) on disposal of assets 3,413 (6,514) (14,950)
Provision for deferred income taxes 19,263 21,614 19,213
Fair-value adjustments for contingent liabilities 415 (1,589) (941)
Impairment of assets 1,342 0 3,731
Net (purchases) sales of trading securities (11,388) (2,580) 66,246
Consolidation/deconsolidation of investment companies 213 (6,777) 3,718
Deferred sales commissions paid (13,898) (17,316) (12,650)
Contingent deferred sales charges received 2,350 1,792 1,838
Other changes in assets and liabilities:      
(Increase) decrease in receivables, net (5,505) 1,821 (4,906)
Decrease (increase) in prepaid expenses and other assets 4,471 136 (1,675)
Increase (decrease) in accounts payable and accrued expenses 5,451 709 (9,698)
Increase in other liabilities 7,797 6,250 4,543
Net cash provided by operating activities 233,184 192,482 260,972
Investing Activities      
Purchases of securities available for sale (5,461) (84,988) (91,866)
Cash paid for business acquisitions 0 (9,697) (8,524)
Proceeds from redemptions of securities available for sale 5,756 87,117 108,595
Cash paid for property and equipment (6,026) (8,850) (10,316)
Net cash used by investing activities (5,731) (16,418) (2,111)
Financing Activities      
Dividends paid (104,628) (104,840) (102,515)
Purchases of treasury stock (53,868) (27,239) (12,995)
Distributions to noncontrolling interests in subsidiaries (5,686) (12,402) (88,682)
Contributions from noncontrolling interests in subsidiaries 16,409 12,129 21,671
Cash paid for business acquisitions (2,015) (2,991) 0
Proceeds from shareholders for share-based compensation 1,552 2,046 1,545
Excess tax benefits from share-based compensation 3,644 2,666 1,973
Payments on debt (25,500) (34,000) (42,500)
Other financing activities 0 (609) (500)
Net cash used by financing activities (170,092) (165,240) (222,003)
Net increase in cash and cash equivalents 57,361 10,824 36,858
Cash and cash equivalents, beginning of year 115,267 104,443 67,585
Cash and cash equivalents, end of year 172,628 115,267 104,443
Supplemental Disclosure of Cash Flow Information, Cash paid during the year for:      
Income taxes 77,247 66,733 72,196
Interest $ 3,985 $ 8,758 $ 11,288