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Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenue $ 181,165 $ 168,856
Operating expense (1):    
Cost of revenue 75,714 [1] 61,650 [1]
Sales and marketing 28,428 [1] 27,980 [1]
General and administrative 26,104 [1] 27,327 [1]
Depreciation and amortization 12,387 [1] 11,339 [1]
Total operating expense 142,633 [1] 128,296 [1]
Operating income (loss) 38,532 40,560
Non-operating income (expense):    
Interest income (expense), net 585 741
Gain (loss) on sale of investments reclassified from other comprehensive income (24) 725
Other income (expense), net 304 (521)
Non-operating income (expense), net 865 945
Income before income taxes and equity in net income of unconsolidated entities 39,397 41,505
Equity in net income of unconsolidated entities 599 497
Income tax expense 13,650 12,427
Consolidated net income 26,346 29,575
Net (income) loss attributable to the noncontrolling interest 30 43
Net income attributable to Morningstar, Inc. $ 26,376 $ 29,618
Net income per share attributable to:    
Basic (in dollars per share) $ 0.59 $ 0.64
Diluted (in dollars per share) $ 0.58 $ 0.63
Dividends declared per common share $ 0.17 $ 0.125
Dividends paid per common share $ 0.17 $ 0
Weighted average shares outstanding:    
Basic (in shares) 44,777 46,406
Diluted (in shares) 45,093 46,814
[1] Three months ended March 31 2014 2013(1) Includes stock-based compensation expense of: Cost of revenue $1,762 $1,701Sales and marketing 497 512General and administrative 1,680 1,570Total stock-based compensation expense $3,939 $3,783