Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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Operating Activities | |||
Net income including the noncontrolling interests in subsidiaries | $ 149,822us-gaap_ProfitLoss | $ 166,355us-gaap_ProfitLoss | $ 197,628us-gaap_ProfitLoss |
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities | |||
Amortization of deferred sales commissions | 12,699us-gaap_AmortizationOfDeferredSalesCommissions | 9,153us-gaap_AmortizationOfDeferredSalesCommissions | 7,465us-gaap_AmortizationOfDeferredSalesCommissions |
Depreciation and other amortization | 10,704us-gaap_DepreciationAndAmortization | 10,435us-gaap_DepreciationAndAmortization | 10,445us-gaap_DepreciationAndAmortization |
Share-based compensation expense | 21,711us-gaap_ShareBasedCompensation | 20,560us-gaap_ShareBasedCompensation | 20,135us-gaap_ShareBasedCompensation |
Gain on disposal of assets | (6,514)us-gaap_GainLossOnDispositionOfAssets1 | (14,950)us-gaap_GainLossOnDispositionOfAssets1 | (5,093)us-gaap_GainLossOnDispositionOfAssets1 |
Provision for deferred income taxes | 21,614us-gaap_DeferredIncomeTaxExpenseBenefit | 19,213us-gaap_DeferredIncomeTaxExpenseBenefit | 25,025us-gaap_DeferredIncomeTaxExpenseBenefit |
Fair-value adjustments for contingent liabilities | (1,589)us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 | (941)us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 | (793)us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 |
Impairment of assets | 0us-gaap_AssetImpairmentCharges | 3,731us-gaap_AssetImpairmentCharges | 3,000us-gaap_AssetImpairmentCharges |
Net (purchases) sales of trading securities | (2,580)us-gaap_ProceedsFromPaymentsForTradingSecurities | 66,246us-gaap_ProceedsFromPaymentsForTradingSecurities | 66,403us-gaap_ProceedsFromPaymentsForTradingSecurities |
Consolidation/deconsolidation of investment companies | (6,777)fii_ConsolidationDeconsolidationofInvestmentCompanies | 3,718fii_ConsolidationDeconsolidationofInvestmentCompanies | 947fii_ConsolidationDeconsolidationofInvestmentCompanies |
Deferred sales commissions paid | (17,316)fii_AdvancesOfDeferredSalesCommissions | (12,650)fii_AdvancesOfDeferredSalesCommissions | (12,102)fii_AdvancesOfDeferredSalesCommissions |
Contingent deferred sales charges received | 1,792fii_ContingentDeferredSalesChargesReceived | 1,838fii_ContingentDeferredSalesChargesReceived | 1,383fii_ContingentDeferredSalesChargesReceived |
Other changes in assets and liabilities: | |||
Decrease (increase) in receivables, net | 1,821us-gaap_IncreaseDecreaseInReceivables | (4,906)us-gaap_IncreaseDecreaseInReceivables | (2,552)us-gaap_IncreaseDecreaseInReceivables |
Decrease (increase) in prepaid expenses and other assets | 136us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | (1,675)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | 3,578us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
Increase (decrease) in accounts payable and accrued expenses | 709us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | (9,698)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | 7,727us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
Increase (decrease) in other liabilities | 6,250us-gaap_IncreaseDecreaseInOtherOperatingLiabilities | 4,543us-gaap_IncreaseDecreaseInOtherOperatingLiabilities | (6,853)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities |
Net cash provided by operating activities | 192,482us-gaap_NetCashProvidedByUsedInOperatingActivities | 260,972us-gaap_NetCashProvidedByUsedInOperatingActivities | 316,343us-gaap_NetCashProvidedByUsedInOperatingActivities |
Investing Activities | |||
Purchases of securities available for sale | (84,988)us-gaap_PaymentsToAcquireAvailableForSaleSecurities | (91,866)us-gaap_PaymentsToAcquireAvailableForSaleSecurities | (58,284)us-gaap_PaymentsToAcquireAvailableForSaleSecurities |
Cash paid for business acquisitions | (9,697)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired | (8,524)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired | (14,064)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired |
Proceeds from redemptions of securities available for sale | 87,117us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities | 108,595us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities | 92,398us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities |
Cash paid for property and equipment | (8,850)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (10,316)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (8,675)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
Net cash (used) provided by investing activities | (16,418)us-gaap_NetCashProvidedByUsedInInvestingActivities | (2,111)us-gaap_NetCashProvidedByUsedInInvestingActivities | 11,375us-gaap_NetCashProvidedByUsedInInvestingActivities |
Financing Activities | |||
Dividends paid | (104,840)us-gaap_PaymentsOfDividendsCommonStock | (102,515)us-gaap_PaymentsOfDividendsCommonStock | (256,750)us-gaap_PaymentsOfDividendsCommonStock |
Purchases of treasury stock | (27,239)us-gaap_PaymentsForRepurchaseOfCommonStock | (12,995)us-gaap_PaymentsForRepurchaseOfCommonStock | (6,633)us-gaap_PaymentsForRepurchaseOfCommonStock |
Distributions to noncontrolling interests in subsidiaries | (12,402)us-gaap_PaymentsToMinorityShareholders | (88,682)us-gaap_PaymentsToMinorityShareholders | (21,460)us-gaap_PaymentsToMinorityShareholders |
Contributions from noncontrolling interests in subsidiaries | 12,129us-gaap_ProceedsFromMinorityShareholders | 21,671us-gaap_ProceedsFromMinorityShareholders | 14,070us-gaap_ProceedsFromMinorityShareholders |
Cash paid for contingent liabilities | (2,991)fii_CashPaidForContingentLiabilities | 0fii_CashPaidForContingentLiabilities | 0fii_CashPaidForContingentLiabilities |
Proceeds from shareholders for share-based compensation | 2,046us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions | 1,545us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions | 1,604us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions |
Excess tax benefits from share-based compensation | 2,666us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities | 1,973us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities | 2,974us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities |
Payments on debt | (34,000)us-gaap_RepaymentsOfBankDebt | (42,500)us-gaap_RepaymentsOfBankDebt | (42,500)us-gaap_RepaymentsOfBankDebt |
Other financing activities | (609)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities | (500)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities | (711)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities |
Net cash used by financing activities | (165,240)us-gaap_NetCashProvidedByUsedInFinancingActivities | (222,003)us-gaap_NetCashProvidedByUsedInFinancingActivities | (309,406)us-gaap_NetCashProvidedByUsedInFinancingActivities |
Net increase in cash and cash equivalents | 10,824us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 36,858us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 18,312us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
Cash and cash equivalents, beginning of year | 104,443us-gaap_CashAndCashEquivalentsAtCarryingValue | 67,585us-gaap_CashAndCashEquivalentsAtCarryingValue | 49,273us-gaap_CashAndCashEquivalentsAtCarryingValue |
Cash and cash equivalents, end of year | 115,267us-gaap_CashAndCashEquivalentsAtCarryingValue | 104,443us-gaap_CashAndCashEquivalentsAtCarryingValue | 67,585us-gaap_CashAndCashEquivalentsAtCarryingValue |
Supplemental Disclosure of Cash Flow Information, Cash paid during the year for: | |||
Income taxes | 66,733us-gaap_IncomeTaxesPaidNet | 72,196us-gaap_IncomeTaxesPaidNet | 79,817us-gaap_IncomeTaxesPaidNet |
Interest | $ 8,758us-gaap_InterestPaidNet | $ 11,288us-gaap_InterestPaidNet | $ 13,091us-gaap_InterestPaidNet |
X | ||||||||||
- Definition
Advances of deferred sales commissions during the reporting period to broker/dealers and other investment advisers. No definition available.
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- Definition
Contingent payments up to and equal to the acquisition date fair value. No definition available.
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- Definition
The cash impact relating to the consolidation/deconsolidation of investment companies. No definition available.
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- Definition
Amounts received related to contingent deferred sales charges on certain mutual funds sold with no upfront sales charge. No definition available.
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- Definition
The amount of expense recognized in the current period for the periodic realization of capitalized fees that were paid to salespeople, distributors, brokers, and agents at the time of the conclusion of the sale. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of increase (decrease) in the value of a contingent consideration liability, including, but not limited to, differences arising upon settlement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow from realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The increase (decrease) during the reporting period in other liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current liabilities, other noncurrent liabilities, or a combination of other current and noncurrent liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the total amount due within one year (or one operating cycle) from all parties, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid for interest during the period net of cash paid for interest that is capitalized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to acquire debt and equity securities not classified as either held-to-maturity securities or trading securities which would be classified as available-for-sale securities and reported at fair value, with unrealized gains and losses excluded from earnings and reported in a separate component of shareholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow to a noncontrolling interest. Includes, but not limited to, reduction of noncontrolling interest ownership. Excludes dividends paid to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The total cash inflow associated with the amount received from holders to acquire the entity's shares under incentive and share awards, including stock option exercises. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow from a noncontrolling interest. Includes, but is not limited to, purchase of additional shares or other increase in noncontrolling interest ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of cash inflow (outflow) from sales and purchases of trading securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the sale or maturity (principal being due) of securities not classified as either held-to-maturity securities or trading securities which are classified as available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to settle a bank borrowing during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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