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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net income $ 252,998 $ 150,952 $ 175,459
Adjustments to reconcile net income to net cash provided by operating activities:      
Write-down of impaired assets   42,373  
Depreciation and amortization 13,681 15,093 16,332
Amortization of deferred sales commissions 57,931 53,863 53,855
Share-based compensation 53,179 49,993 46,473
Excess tax benefits from share-based payment arrangements (12,992) (6,791) (8,020)
Gain on sale of available for sale investment securities (14,417) (3,163) (2,258)
Net purchases and sales or maturities of trading securities (25,959) (27,470) 59,034
Loss (gain) on trading securities (3,840) (5,470) 1,231
Loss on sale and retirement of property and equipment 761 5,326 2,059
Capital gains and dividends reinvested (268)    
Deferred income taxes (2,982) (6,236) 2,395
Changes in assets and liabilities:      
Cash and cash equivalents - restricted (28,439) (42,812) 30,628
Other receivables (5,690) (29,422) (32,260)
Payable to investment companies for securities and payable to customers 24,818 63,828 (2,006)
Receivables from funds and separate accounts (2,581) (2,044) (4,608)
Other assets (1,139) 2,872 (512)
Deferred sales commissions (68,470) (54,430) (57,933)
Accounts payable and payable to third party brokers 8,613 6,969 2,219
Other liabilities 41,712 20,004 1,051
Net cash provided by operating activities 286,916 233,435 283,139
Cash flows from investing activities:      
Purchases of available for sale investment securities (241,644) (51,676) (102,451)
Proceeds from sales and maturities of available for sale investment securities 262,171 49,809 92,282
Additions to property and equipment (16,905) (15,262) (20,073)
Disposition of companies 22,000    
Net cash provided (used in) investing activities 25,622 (17,129) (30,242)
Cash flows from financing activities:      
Dividends paid (96,018) (171,267) (68,766)
Repurchase of common stock (72,132) (48,688) (65,463)
Exercise of stock options 135 105 5,080
Excess tax benefits from share-based payment arrangements 12,992 6,791 8,020
Net cash used in financing activities (155,023) (213,059) (121,129)
Net increase in cash and cash equivalents 157,515 3,247 131,768
Cash and cash equivalents at beginning of year, including discontinued operations 330,330 327,083 195,315
Cash and cash equivalents at end of year 487,845 330,330 327,083
Less cash and cash equivalents of discontinued operations at end of year   2,303 3,167
Cash and cash equivalents of continuing operations at end of year 487,845 328,027 323,916
Cash paid for:      
Income taxes (net) 124,196 98,181 105,080
Interest $ 10,297 $ 10,286 $ 10,426