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Consolidated Statements of Cash Flows
$ in Thousands
 12 Months Ended
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Operating Activities      
Net Income Including the Noncontrolling Interests in Subsidiaries $ 277,125 $ 222,299 $ 294,901
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities      
Amortization of Deferred Sales Commissions 2,077 2,967 8,025
Depreciation and Other Amortization 25,922 17,087 10,637
Share-Based Compensation Expense 25,057 23,893 22,508
Subsidiary Share-Based Compensation Expense 7,888 4,239 0
(Gain) Loss on Disposal of Assets (1,085) 298 (7,193)
Provision (Benefit) for Deferred Income Taxes 7,452 12,257 (59,272)
Net Unrealized (Gain) Loss on Investments (6,915) 4,322 (889)
Net Sales (Purchases) of Investments—Consolidated Investment Companies (26,434) 16,696 133,992
Other Changes in Assets and Liabilities:      
(Increase) Decrease in Receivables, net (7,250) (9,907) (6,129)
(Increase) Decrease in Prepaid Expenses and Other Assets 7,411 (210) (115)
Increase (Decrease) in Accounts Payable and Accrued Expenses 30,912 (96,231) (13,875)
Increase (Decrease) in Other Liabilities (7,220) 8,572 4,785
Net Cash Provided (Used) by Operating Activities 334,940 206,282 387,375
Investing Activities      
Purchases of Investments—Affiliates and Other (103,445) (7,267) (5,779)
Cash Paid for Business Acquisitions, net of Cash Acquired 785 (168,430) (4,352)
Cash Paid for Asset Acquisitions (58,046) (1,962) 0
Proceeds from Redemptions of Investments—Affiliates and Other 81,068 20,283 20,930
Cash Paid for Property and Equipment (15,045) (17,274) (9,799)
Other Investing Activities 0 211 0
Net Cash Provided (Used) by Investing Activities (94,683) (174,439) 1,000
Financing Activities      
Dividends Paid (109,147) (106,943) (101,511)
Purchases of Treasury Stock (15,740) (29,247) (48,642)
Distributions to Noncontrolling Interests in Subsidiaries (3,580) (18,492) (10,337)
Contributions from Noncontrolling Interests in Subsidiaries 9,356 2,801 4,687
Proceeds from Shareholders for Share-Based Compensation 1,431 1,444 1,299
Proceeds from New Borrowings 8,800 87,650 0
Payments on Debt (43,800) (122,650) (21,250)
Other Financing Activities 0 (678) (1,167)
Net Cash Provided (Used) by Financing Activities (152,680) (186,115) (176,921)
Effect of Exchange Rates on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents 4,508 (5,111) 0
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 92,085 (159,383) 211,454
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning of Period 157,426 316,809 105,355
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, End of Period 249,511 157,426 316,809
Less: Restricted Cash and Restricted Cash Equivalents Recorded in Other Long-Term Assets 337 594 545
Cash and Cash Equivalents 249,174 156,832 316,264
Cash paid during the year for:      
Income taxes 72,612 61,573 118,412
Interest $ 4,606 $ 5,320 $ 4,109