Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2017

Accounting Policies [Abstract]

Calculation Of Basic And Diluted Earnings Per Share

The calculations of basic and diluted earnings per share for the three and nine months ended September 30, 2017 and 2016 are:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Net income	$	101,739	$	86,704	$	282,245	$	245,206
Shares used to compute basic earnings per common share	157,902,000		160,916,000		158,439,000		161,908,000
Dilutive effect of stock options	3,246,000		3,009,000		3,427,000		3,145,000
Shares used to compute diluted earnings per common share	161,148,000		163,925,000		161,866,000		165,053,000
Basic earnings per common share	$	0.64	$	0.54	$	1.78	$	1.51
Diluted earnings per common share	$	0.63	$	0.53	$	1.74	$	1.49

Adjustments To Reconcile Net Income To Net Cash Provided By Operating Activities

The following table provides the details of the adjustments to reconcile net income to net cash provided by operating activities for the nine months ended September 30:

	2017			2016
Net income	$	282,245		$	245,206
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	20,347			19,457
Amortization	38,332			33,684
Equity in earnings of unconsolidated affiliate	(109,213		)	(92,042		)
Distributions received from unconsolidated affiliate	117,447			102,246
Stock-based compensation	19,527			12,044
Provision for losses on receivables	176			338
Deferred income tax expense	1,143			(1,521		)
Gain from sale of SEI AK	—			(2,791		)
Net gain from investments	(1,036		)	(320		)
Tax benefit on stock options exercised (1)	—			5,941
Change in other long-term liabilities	106			2,706
Change in other assets	79			(2,463		)
Other	1,067			602
Change in current assets and liabilities
Decrease (increase) in
Receivables from investment products	10,800			(685		)
Receivables	(43,661		)	(25,037		)
Other current assets	(2,962		)	(4,072		)
Increase (decrease) in
Accounts payable	(1,748		)	2,497
Accrued liabilities	(15,856		)	(6,945		)
Deferred revenue	(409		)	589
Total adjustments	34,139			44,228
Net cash provided by operating activities	$	316,384		$	289,434

(1) The tax benefit on stock options exercised for the nine months ended September 30, 2016 was reclassified to operating activities from financing activities upon the adoption of ASU 2016-09.