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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenues:    
Investment management fees $ 148,445 $ 134,900
Underwriting and distribution fees 135,419 121,153
Shareholder service fees 32,691 31,818
Total 316,555 287,871
Operating expenses:    
Underwriting and distribution 161,571 144,486
Compensation and related costs (including share-based compensation of $11,676 and $11,886, respectively) 48,155 44,158
General and administrative 16,208 17,764
Subadvisory fees 4,484 6,271
Depreciation 3,227 3,359
Total 233,645 216,038
Operating income 82,910 71,833
Investment and other income 4,377 3,949
Interest expense (2,854) (2,826)
Income from continuing operations before provision for income taxes 84,433 72,956
Provision for income taxes 30,570 26,119
Income from continuing operations 53,863 46,837
Income from discontinued operations net of tax expense of $397   550
Net income $ 53,863 $ 47,387
Net income per share, basic and diluted:    
Income from continuing operations (in dollars per share) $ 0.63 $ 0.55
Income from discontinued operations (in dollars per share) $ 0.00  
Net income (in dollars per share) $ 0.63 $ 0.55
Weighted average shares outstanding:    
Basic (in shares) 85,592 85,604
Diluted (in shares) 85,593 85,606