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Composition of Certain Financial Statement Captions
12 Months Ended
Dec. 31, 2014
Items Included in Consolidated Statement of Financial Condition [Abstract]  
Composition of Certain Financial Statement Captions
Composition of Certain Financial Statement Captions
Receivables
Receivables on the accompanying Consolidated Balance Sheets consist of:
 
 
2014
 
2013
Trade receivables
 
$
48,394

 
$
44,502

Fees earned, not billed
 
139,038

 
128,248

Other receivables
 
7,771

 
14,565

 
 
195,203

 
187,315

Less: Allowance for doubtful accounts
 
(784
)
 
(651
)
Receivables, net
 
$
194,419

 
$
186,664


Fees earned, not billed represents receivables earned but unbilled and results from timing differences between services provided and contractual billing schedules. These billing schedules generally provide for fees to be billed on a quarterly basis.
Property and Equipment
Property and Equipment on the accompanying Consolidated Balance Sheets consists of:
 
 
2014
 
2013
Buildings
 
$
149,890

 
$
138,426

Equipment
 
78,266

 
70,117

Land
 
9,997

 
9,929

Purchased software
 
104,964

 
96,268

Furniture and fixtures
 
16,944

 
17,060

Leasehold improvements
 
5,675

 
4,670

Construction in progress
 
1,094

 
2,589

 
 
366,830

 
339,059

Less: Accumulated depreciation
 
(241,295
)
 
(220,064
)
Property and Equipment, net
 
$
125,535

 
$
118,995


Depreciation expense related to property and equipment for 2014, 2013 and 2012 was $22,448, $22,497 and $22,586, respectively.
Other Assets
Other assets consist of long-term prepaid expenses, deposits, other investments at cost and various other assets. Amortization expense for certain other assets for 2014 and 2013 was $227 and for 2012 was $611.
Accrued Liabilities
Accrued Liabilities on the accompanying Consolidated Balance Sheets consist of:
 
 
2014
 
2013
Accrued employee compensation
 
$
73,269

 
$
69,256

Accrued employee benefits and other personnel
 
6,482

 
9,647

Accrued consulting, outsourcing and professional fees
 
18,915

 
19,311

Accrued sub-advisory, distribution and other asset management fees
 
31,913

 
25,018

Accrued dividend payable
 
40,178

 
37,314

Other accrued liabilities
 
36,672

 
27,577

Accrued liabilities
 
$
207,429

 
$
188,123