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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jan. 31, 2018
Jan. 31, 2017
Cash Flows From Operating Activities:    
Net income $ 88,511 $ 64,341
Adjustments to reconcile net income to net cash used for operating activities:    
Depreciation and amortization 5,272 4,494
Amortization of deferred sales commissions 4,277 3,855
Stock-based compensation 23,730 20,178
Deferred income taxes 30,820 11,101
Net (gains) losses on investments and derivatives (977) 3,935
Loss on write-off of Hexavest option 6,523 0
Equity in net income of affiliates, net of amortization (3,014) (2,506)
Dividends received from affiliates 2,875 2,905
Consolidated CLO entity's operating activities:    
Net gains on bank loan investments (894) 0
Net decrease in other assets and liabilities, including cash (613) 0
Changes in operating assets and liabilities:    
Management fees and other receivables (12,915) (124)
Investments in trading securities (93,285) (113,213)
Deferred sales commissions (7,764) (8,174)
Other assets 15,837 11,356
Accrued compensation (128,582) (108,269)
Accounts payable and accrued expenses 4,742 7,515
Other liabilities 5,460 69,256
Net cash used for operating activities (59,997) (33,350)
Cash Flows From Investing Activities:    
Additions to equipment and leasehold improvements (2,594) (2,435)
Net cash paid in acquisition 0 (52,016)
Proceeds from sale of investments 0 4,102
Purchase of investments (20,326) (32)
Consolidated CLO entity's investing activities:    
Proceeds from sales of bank loan investments 13,921 0
Purchase of bank loan investments (37,973) 0
Net cash used for investing activities (46,972) (50,381)
Cash Flows From Financing Activities:    
Purchase of additional non-controlling interest (20,818) (9,451)
Proceeds from issuance of Non-Voting Common Stock 44,284 27,734
Repurchase of Non-Voting Common Stock (36,343) (53,601)
Principal repayments on notes receivable from stock option exercises 987 2,263
Dividends paid (37,499) (31,749)
Net subscriptions received from (redemptions/distributions paid to) non-controlling interest holders 51,461 43,424
Consolidated CLO entity's financing activities:    
Proceeds from line of credit 23,936 0
Net cash provided by (used for) financing activities 26,008 (21,380)
Effect of currency rate changes on cash and cash equivalents 3,722 1,050
Net decrease in cash and cash equivalents (77,239) (104,061)
Cash and cash equivalents, beginning of period 610,555 424,174
Cash and cash equivalents, end of period 533,316 320,113
Supplemental Cash Flow Information:    
Cash paid for interest 5,985 5,988
Cash paid for interest by consolidated CLO entity 77 0
Cash paid for income taxes, net of refunds 13,841 4,321
Supplemental Disclosure of Non-Cash Information:    
Increase in equipment and leasehold improvements due to non-cash additions 746 275
Exercise of stock options through issuance of notes receivable 393 331
Increase in non-controlling interest due to net consolidation (deconsolidation) of sponsored investment funds 61,441 29,969
Decrease in bank loan investments of consolidated CLO entity due to unsettled sales (5,023) 0
Increase in bank loan investments of consolidated CLO entity due to unsettled purchases $ 25,284 $ 0