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Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenue $ 698,266 $ 658,288 $ 631,400
Operating expense (1):      
Cost of revenue 271,437 [1] 246,783 [1] 235,289 [1]
Sales and marketing 103,614 [1] 108,884 [1] 106,699 [1]
General and administrative 106,868 [1] 108,857 [1] 108,084 [1]
Depreciation and amortization 45,693 43,096 42,913
Total operating expense 527,612 [1] 507,620 [1] 492,985 [1]
Operating income 170,654 150,668 138,415
Non-operating income (expense):      
Interest income, net 2,712 5,153 2,361
Gain (loss) on sale of investments reclassified from other comprehensive income 4,207 538 260
Equity Method Investments Holding Gain 3,635 0 0
Other income (expense), net (3,198) (2,734) (912)
Non-operating income (expense), net 7,356 2,957 1,709
Income before income taxes and equity in net income of unconsolidated entities 178,010 153,625 140,124
Income tax expense 56,031 52,878 43,658
Equity in net income of unconsolidated entities 1,428 2,027 1,848
Consolidated Net Income from Continuing Operations 123,407 102,774 98,314
Gain on Sale of Discontinued Operation, Net of Tax 0 5,188 0
Consolidated net income 123,407 107,962 98,314
Net (income) loss attributable to the noncontrolling interest 122 117 43
Net income attributable to Morningstar, Inc. 123,529 108,079 98,357
Net Income from Continuing Operations, net of tax 123,529 102,891 98,357
Net Income from Discontinued Operations, Net of Tax $ 0 $ 5,188 $ 0
Net income per share attributable to Morningstar, Inc.:      
Basic (in dollars per share) $ 2.68 $ 2.23 $ 1.96
Diluted (in dollars per share) $ 2.66 $ 2.20 $ 1.92
Income (Loss) from Discontinued Operations, Net of Tax, Per Diluted Share $ 0.00 $ 0.10 $ 0.00
Income (Loss) from Continuing Operations, Per Diluted Share $ 2.66 $ 2.10 $ 1.92
Income (Loss) from Discontinued Operations, Net of Tax, Per Basic Share $ 0.00 $ 0.11 $ 0.00
Income (Loss) from Continuing Operations, Per Basic Share $ 2.68 $ 2.12 $ 1.96
Dividends per common share:      
Dividends declared per common share $ 0.55 $ 0.43 $ 0.25
Dividends paid per common share $ 0.38 $ 0.53 $ 0.20
Weighted average shares outstanding:      
Basic (in shares) 46,158 48,497 50,032
Diluted (in shares) 46,491 49,148 50,988
[1] 2013 2012 2011(1) Includes stock-based compensation expense of: Cost of revenue $6,870 $6,416 $6,236Sales and marketing 1,975 1,937 1,871General and administrative 6,198 10,552 7,196Total stock-based compensation expense $15,043 $18,905 $15,303