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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Revenues $ 469,119 $ 581,443
Expenses:    
Subadvisory, distribution and other asset management costs 47,379 53,128
Software royalties and other information processing costs 7,293 7,547
Compensation, benefits and other personnel 173,415 160,484
Stock-based compensation 8,074 10,566
Consulting, outsourcing and professional fees 61,104 62,491
Data processing and computer related 33,340 29,816
Facilities, supplies and other costs 18,792 17,627
Amortization 9,424 16,887
Depreciation 8,531 8,098
Total expenses 367,352 366,644
Income from operations 101,767 214,799
Net gain (loss) from investments 744 (489)
Interest and dividend income 8,778 848
Interest expense (141) (250)
Equity in earnings of unconsolidated affiliate 28,879 32,459
Income before income taxes 140,027 247,367
Income taxes 33,012 57,059
Net income $ 107,015 $ 190,308
Basic earnings per common share (in USD per share) $ 0.80 $ 1.38
Shares used to compute basic earnings per share (in shares) 134,020 137,935
Diluted earnings per common share (in USD per share) $ 0.79 $ 1.36
Shares used to compute diluted earnings per share (in shares) 135,311 139,712
Asset management, administration and distribution fees    
Revenues:    
Revenues $ 371,829 $ 394,097
Information processing and software servicing fees    
Revenues:    
Revenues $ 97,290 $ 187,346