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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Jul. 31, 2012
Jul. 31, 2011
Cash Flows From Operating Activities:    
Net income $ 190,327 $ 181,986
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 19,007 18,539
Amortization of deferred sales commissions 15,973 28,457
Stock-based compensation 42,819 40,184
Deferred income taxes (7,315) 68,022
Net gains on investments and derivatives (7,786) (14,481)
Equity in net income of affiliates (2,642) (4,273)
Dividends received from affiliates 11,117 1,592
Consolidated CLO entity operating activities:    
Net (gains) losses on bank loans, other investments and note obligations (15,366) 25,539
Amortization of investments (790) (984)
Net decrease in other assets and liabilities, including cash (19,655) (11,953)
Changes in operating assets and liabilities:    
Investment advisory fees and other receivables 3,469 (7,867)
Investments in trading securities (72,400) (173,322)
Deferred sales commissions (8,462) (13,739)
Other assets (169) (19,935)
Accrued compensation (27,307) (8,581)
Accounts payable and accrued expenses 6,027 9,005
Other liabilities 17,941 5,483
Net cash provided by operating activities 144,788 123,672
Cash Flows From Investing Activities:    
Additions to equipment and leasehold improvements (2,928) (8,919)
Net cash paid in acquisition (12,334) (11,595)
Cash paid for intangible assets (200) (1,650)
Proceeds from sales of investments 72,597 119,839
Purchase of investments (21,624) (1,226)
Consolidated CLO entity investing activities:    
Proceeds from sales and maturities of bank loans and other investments 182,784 250,689
Purchase of bank loans and other investments (163,037) (241,310)
Net cash provided by investing activities 55,258 105,828
Cash Flows From Financing Activities:    
Purchase of additional non-controlling interest (19,864) (6,611)
Proceeds from issuance of Voting Common Stock 56  
Proceeds from issuance of Non-Voting Common Stock 22,848 36,494
Repurchase of Non-Voting Common Stock (76,586) (118,872)
Principal repayments on notes receivable from stock option exercises 764 839
Excess tax benefit of stock option exercises 2,228 4,336
Dividends paid (65,950) (64,116)
Line of credit issuance costs (1,192)  
Net subscriptions received from (redemptions/distributions paid to) non-controlling interest holders 27,138 112,451
Net cash used for financing activities (110,558) (35,479)
Effect of currency rate changes on cash and cash equivalents (219) 355
Net increase in cash and cash equivalents 89,269 194,376
Cash and cash equivalents, beginning of period 510,913 307,886
Cash and cash equivalents, end of period 600,182 502,262
Supplemental Cash Flow Information:    
Cash paid for interest 24,524 24,481
Cash paid for interest by consolidated CLO entity 13,584 10,360
Cash paid for income taxes, net of refunds 117,829 41,534
Supplemental Disclosure of Non-Cash Information:    
Increase in equipment and leasehold improvements due to non-cash additions 174 3,350
Exercise of stock options through issuance of notes receivable 211 602
Consolidation of CLO Entity:    
Increase in other assets, net of other liabilities   10,418
Increase in investments   466,440
Increase in borrowings   446,192
Deconsolidations of Sponsored Investment Funds:    
Decrease in investments (23,639) (121,274)
Decrease in non-controlling interests $ (21,586) $ (120,260)