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-84252000 310586000 28614000 <p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-weight:bold;margin-left:0px;">1. </font><font style="font-family:Times New Roman;font-size:11pt;font-weight:bold;">Summary of Significant Accounting Policies</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18px;">Business and </font><font style="font-family:Times New Roman;font-size:11pt;font-weight:bold;font-style:italic;">o</font><font style="font-family:Times New Roman;font-size:11pt;font-weight:bold;font-style:italic;">rganization</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:18px;">Eaton Van</font><font style="font-family:Times New Roman;font-size:11pt;">ce Corp. and its subsidiaries (</font><font style="font-family:Times New Roman;font-size:11pt;">the </font><font style="font-family:Times New Roman;font-size:11pt;">&#8220;</font><font style="font-family:Times New Roman;font-size:11pt;">Company&#8221;) manage investment funds and provide investment management and </font><font style="font-family:Times New Roman;font-size:11pt;">advisory</font><font style="font-family:Times New Roman;font-size:11pt;"> services to high-net-worth individuals and institutions</font><font style="font-family:Times New Roman;font-size:11pt;"> in the United States, Europe and certain other international markets</font><font style="font-family:Times New Roman;font-size:11pt;">. The Company's principal retail marketing strategy is to distribute funds and separately managed accounts primarily through financial intermediaries in the adv</font><font style="font-family:Times New Roman;font-size:11pt;">isory</font><font style="font-family:Times New Roman;font-size:11pt;"> channel. The Company also commits significant resources to serving institutional and high-net-worth clients who access investment management services on a direct basis.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:18px;">Revenue is largely dependent on the total value and composition of assets under management, which include sponsored funds and other investment portfolios. Accordingly, fluctuations in financial markets and in the composition of assets under management impact revenue and the results of operations.</font><font style="font-family:Times New Roman;font-size:11pt;"> </font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18px;">Basis of </font><font style="font-family:Times New Roman;font-size:11pt;font-weight:bold;font-style:italic;">p</font><font style="font-family:Times New Roman;font-size:11pt;font-weight:bold;font-style:italic;">resentation</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:18px;">The preparation of the Company's consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;) requires management to make judgments, estimates and assumptions that affect the amounts reported in the </font><font style="font-family:Times New Roman;font-size:11pt;">C</font><font style="font-family:Times New Roman;font-size:11pt;">onsolidated </font><font style="font-family:Times New Roman;font-size:11pt;">F</font><font style="font-family:Times New Roman;font-size:11pt;">inancial </font><font style="font-family:Times New Roman;font-size:11pt;">S</font><font style="font-family:Times New Roman;font-size:11pt;">tatements and related notes to the Consolidated Financial Statements. Management believes that the accounting estimates are appropriate and the resulting balances are reasonable; however, due to the inherent uncertainties in making estimates, actual results could differ from those estimates.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:18px;">During </font><font style="font-family:Times New Roman;font-size:11pt;">the second quarter of </font><font style="font-family:Times New Roman;font-size:11pt;">fiscal 2012, the Company combined the following line items previously reported within non-operating income (expense) into gains and other investment income, net</font><font style="font-family:Times New Roman;font-size:11pt;">;</font><font style="font-family:Times New Roman;font-size:11pt;"> interest and other income; net gains (losses) on investments and derivative</font><font style="font-family:Times New Roman;font-size:11pt;">s</font><font style="font-family:Times New Roman;font-size:11pt;">; and </font><font style="font-family:Times New Roman;font-size:11pt;">net </font><font style="font-family:Times New Roman;font-size:11pt;">foreign currency gains</font><font style="font-family:Times New Roman;font-size:11pt;"> (losses)</font><font style="font-family:Times New Roman;font-size:11pt;">. Also</font><font style="font-family:Times New Roman;font-size:11pt;"> during </font><font style="font-family:Times New Roman;font-size:11pt;">the second quarter of </font><font style="font-family:Times New Roman;font-size:11pt;">fiscal 2012</font><font style="font-family:Times New Roman;font-size:11pt;">, interest income and net gains (losses) on bank loans, other investments, and note obligations </font><font style="font-family:Times New Roman;font-size:11pt;">of the consolidated collateralized loan obligation entity (&#8220;CLO&#8221;) </font><font style="font-family:Times New Roman;font-size:11pt;">were combined into gains (losses) and other investment income, net</font><font style="font-family:Times New Roman;font-size:11pt;">, of the consolidated CLO entity.</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">Amounts f</font><font style="font-family:Times New Roman;font-size:11pt;">or the comparative prior </font><font style="font-family:Times New Roman;font-size:11pt;">year</font><font style="font-family:Times New Roman;font-size:11pt;">s </font><font style="font-family:Times New Roman;font-size:11pt;">have been reclassified to conform to the current year presentation. </font><font style="font-family:Times New Roman;font-size:11pt;">These reclassifications</font><font style="font-family:Times New Roman;font-size:11pt;">, which simplify the financial statement presentation,</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">had no impact on previously reported net income or financial position and do not represent a restatement of any previously reported financial results.</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;"> See Note </font><font style="font-family:Times New Roman;font-size:11pt;">16</font><font style="font-family:Times New Roman;font-size:11pt;"> for the components of gains and other investment income.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:18px;">During </font><font style="font-family:Times New Roman;font-size:11pt;">the first quarter of </font><font style="font-family:Times New Roman;font-size:11pt;">fiscal </font><font style="font-family:Times New Roman;font-size:11pt;">2012, the Company changed the presentation of its Consolidated Statements of Income. The change relates to the classification of net investment income and net investment gains or losses of consolidated sponsored funds. Net investment income earned by consolidated sponsored funds</font><font style="font-family:Times New Roman;font-size:11pt;"> and net investment gains or losses </font><font style="font-family:Times New Roman;font-size:11pt;">recognized by c</font><font style="font-family:Times New Roman;font-size:11pt;">onsolidated sponsored funds</font><font style="font-family:Times New Roman;font-size:11pt;">, previously included in other revenue</font><font style="font-family:Times New Roman;font-size:11pt;">,</font><font style="font-family:Times New Roman;font-size:11pt;"> are </font><font style="font-family:Times New Roman;font-size:11pt;">now presented as component</font><font style="font-family:Times New Roman;font-size:11pt;">s</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">of </font><font style="font-family:Times New Roman;font-size:11pt;">g</font><font style="font-family:Times New Roman;font-size:11pt;">ains </font><font style="font-family:Times New Roman;font-size:11pt;">and other investment income</font><font style="font-family:Times New Roman;font-size:11pt;">, net</font><font style="font-family:Times New Roman;font-size:11pt;">. </font><font style="font-family:Times New Roman;font-size:11pt;"> Management believes the revised presentation is more useful to readers of its financial statements </font><font style="font-family:Times New Roman;font-size:11pt;">as it better highlight</font><font style="font-family:Times New Roman;font-size:11pt;">s</font><font style="font-family:Times New Roman;font-size:11pt;"> t</font><font style="font-family:Times New Roman;font-size:11pt;">he current earnings effect of the investment results of consolidated sponsored funds. Amounts f</font><font style="font-family:Times New Roman;font-size:11pt;">or the comparative prior </font><font style="font-family:Times New Roman;font-size:11pt;">year</font><font style="font-family:Times New Roman;font-size:11pt;">s </font><font style="font-family:Times New Roman;font-size:11pt;">have been reclassified to conform to the current year presentation.</font><font style="font-family:Times New Roman;font-size:11pt;"> These reclassifications</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">had no impact on previously reported net income or financial position and do not represent a restatement of any previously reported financial results.</font><font style="font-family:Times New Roman;font-size:11pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:18px;">The following table</font><font style="font-family:Times New Roman;font-size:11pt;">s</font><font style="font-family:Times New Roman;font-size:11pt;"> present the effects of the change in presentation of net investment income and net investment gains or losses earned by consolidated sponsored funds </font><font style="font-family:Times New Roman;font-size:11pt;">on</font><font style="font-family:Times New Roman;font-size:11pt;"> the Company's previously reported Consolidated Statement</font><font style="font-family:Times New Roman;font-size:11pt;">s</font><font style="font-family:Times New Roman;font-size:11pt;"> of Income</font><font style="font-family:Times New Roman;font-size:11pt;"> for the </font><font style="font-family:Times New Roman;font-size:11pt;">years ended</font><font style="font-family:Times New Roman;font-size:11pt;"> October 31, 2011</font><font style="font-family:Times New Roman;font-size:11pt;"> and </font><font style="font-family:Times New Roman;font-size:11pt;">2010</font><font style="font-family:Times New Roman;font-size:11pt;">:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 18px"><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;">&#160;</td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;">&#160;</td><td style="width: 319px; text-align:left;border-color:#000000;min-width:319px;">&#160;</td><td colspan="6" style="width: 334px; text-align:center;border-color:#000000;min-width:334px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10.5pt;COLOR: #000000;TEXT-ALIGN: center;">Year Ended</font></td></tr><tr style="height: 18px"><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;">&#160;</td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;">&#160;</td><td style="width: 319px; text-align:left;border-color:#000000;min-width:319px;">&#160;</td><td colspan="6" style="width: 334px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:334px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10.5pt;COLOR: #000000;TEXT-ALIGN: center;">October 31, 2011</font></td></tr><tr style="height: 55px"><td colspan="3" style="width: 357px; 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margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 18px"><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;">&#160;</td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;">&#160;</td><td style="width: 319px; text-align:left;border-color:#000000;min-width:319px;">&#160;</td><td colspan="6" style="width: 334px; text-align:center;border-color:#000000;min-width:334px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10.5pt;COLOR: #000000;TEXT-ALIGN: center;">Year Ended</font></td></tr><tr style="height: 18px"><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;">&#160;</td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;">&#160;</td><td style="width: 319px; text-align:left;border-color:#000000;min-width:319px;">&#160;</td><td colspan="6" style="width: 334px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:334px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10.5pt;COLOR: #000000;TEXT-ALIGN: center;">October 31, 2010</font></td></tr><tr style="height: 55px"><td colspan="3" style="width: 357px; 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These expenses are also paid monthly.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:18px;">For Class A shares, the shareholder pays an underwriter commission to EVD of up to 75 basis points of the dollar value of the shares sold. Underwriter commissions are recorded in revenue at the time of sale. Under certain conditions, the Company may waive the front-end sales load on Class A shares and sell the shares at net asset value. EVD does not receive underwriter commissions on such sales. 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The adoption of this new guidance is not expected to have a material effect on the Company's Consolidated Financial Statements.</font></p> <p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-weight:bold;margin-left:0px;">4</font><font style="font-family:Times New Roman;font-size:11pt;font-weight:bold;">. </font><font style="font-family:Times New Roman;font-size:11pt;font-weight:bold;">Consolidated Sponsored Funds</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:18px;">The Company consolidates sponsored funds </font><font style="font-family:Times New Roman;font-size:11pt;">in which it holds a controlling financial interest</font><font style="font-family:Times New Roman;font-size:11pt;">. All investments held by consolidated sponsored funds were included </font><font style="font-family:Times New Roman;font-size:11pt;">in investments </font><font style="font-family:Times New Roman;font-size:11pt;">on the Company's Consolidated Balance Sheets </font><font style="font-family:Times New Roman;font-size:11pt;">and classified </font><font style="font-family:Times New Roman;font-size:11pt;">as investment securities, trading</font><font style="font-family:Times New Roman;font-size:11pt;">,</font><font style="font-family:Times New Roman;font-size:11pt;"> at </font><font style="font-family:Times New Roman;font-size:11pt;">October 31,</font><font style="font-family:Times New Roman;font-size:11pt;"> 2012</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">and </font><font style="font-family:Times New Roman;font-size:11pt;">2011</font><font style="font-family:Times New Roman;font-size:11pt;">. 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border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:239px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">(in thousands)</font></td><td colspan="2" style="width: 82px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:82px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Cost</font></td><td style="width: 7px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:7px;">&#160;</td><td colspan="2" style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Gains</font></td><td style="width: 6px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:6px;">&#160;</td><td colspan="2" style="width: 68px; 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margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:18px;">The Company review</font><font style="font-family:Times New Roman;font-size:11pt;">ed gross unrealized losses of $1</font><font style="font-family:Times New Roman;font-size:11pt;">8,000</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">as of October 31,</font><font style="font-family:Times New Roman;font-size:11pt;"> 2012</font><font style="font-family:Times New Roman;font-size:11pt;"> and determined that these losses were not other-than-temporary, primarily because the Company has both the ability and intent to hold the investments for a period of time sufficient to recover such losses. 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No investment with a gross unrealized loss has been in a loss position for greater than one year.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:18px;">The following is a summary of the Company's realized gains and losses upon disposition of sponsored funds classified as availab</font><font style="font-family:Times New Roman;font-size:11pt;">le-for-sale for the</font><font style="font-family:Times New Roman;font-size:11pt;"> years ended </font><font style="font-family:Times New Roman;font-size:11pt;">October 31,</font><font style="font-family:Times New Roman;font-size:11pt;"> 2012</font><font style="font-family:Times New Roman;font-size:11pt;">, 2011</font><font style="font-family:Times New Roman;font-size:11pt;">,</font><font style="font-family:Times New Roman;font-size:11pt;"> and 2010</font><font style="font-family:Times New Roman;font-size:11pt;">:</font><font style="font-family:Times New Roman;font-size:11pt;"> </font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 20px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;">&#160;</td><td style="width: 257px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:257px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">(in thousands)</font></td><td colspan="2" style="width: 112px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:112px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2012</font></td><td colspan="2" style="width: 112px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:112px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td colspan="2" style="width: 112px; 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margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 20px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;">&#160;</td><td style="width: 145px; text-align:left;border-color:#000000;min-width:145px;">&#160;</td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;">&#160;</td><td colspan="8" style="width: 290px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:290px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2012</font></td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 23px; text-align:center;border-color:#000000;min-width:23px;">&#160;</td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td></tr><tr style="height: 20px"><td style="width: 30px; 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border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 105px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:105px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 107,987</font></td><td style="width: 5px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:5px;">&#160;</td></tr><tr style="height: 20px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;">&#160;</td><td style="width: 285px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:285px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">Total investment securities, trading</font></td><td style="width: 54px; 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text-align:center;border-color:#000000;min-width:79px;">&#160;</td></tr><tr style="height: 21px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;">&#160;</td><td style="width: 239px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:239px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">(in thousands)</font></td><td colspan="2" style="width: 82px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:82px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Cost</font></td><td style="width: 7px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:7px;">&#160;</td><td colspan="2" style="width: 75px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Gains</font></td><td style="width: 6px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:6px;">&#160;</td><td colspan="2" style="width: 68px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Losses</font></td><td style="width: 6px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:6px;">&#160;</td><td colspan="2" style="width: 93px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:93px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Fair Value</font></td></tr><tr style="height: 20px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;">&#160;</td><td style="width: 239px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:239px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> Sponsored funds</font></td><td style="width: 14px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 68px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 22,331</font></td><td style="width: 7px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 14px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 61px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:61px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 8,835</font></td><td style="width: 6px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:6px;">&#160;</td><td style="width: 14px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 54px; 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margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 20px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;">&#160;</td><td style="width: 239px; text-align:left;border-color:#000000;min-width:239px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">2011</font></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;">&#160;</td><td style="width: 7px; text-align:right;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td colspan="4" style="width: 135px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:135px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Gross Unrealized</font></td><td style="width: 6px; text-align:center;border-color:#000000;min-width:6px;">&#160;</td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;">&#160;</td></tr><tr style="height: 20px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;">&#160;</td><td style="width: 239px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:239px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">(in thousands)</font></td><td colspan="2" style="width: 82px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:82px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Cost</font></td><td style="width: 7px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:7px;">&#160;</td><td colspan="2" style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Gains</font></td><td style="width: 6px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:6px;">&#160;</td><td colspan="2" style="width: 68px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Losses</font></td><td style="width: 6px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:6px;">&#160;</td><td colspan="2" style="width: 93px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:93px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Fair Value</font></td></tr><tr style="height: 20px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;">&#160;</td><td style="width: 239px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:239px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> Sponsored funds</font></td><td style="width: 14px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 68px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 34,368</font></td><td style="width: 7px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 14px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 61px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:61px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 5,518</font></td><td style="width: 6px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:6px;">&#160;</td><td style="width: 14px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 54px; 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text-align:left;border-color:#000000;min-width:30px;">&#160;</td><td style="width: 257px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:257px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">(in thousands)</font></td><td colspan="2" style="width: 112px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:112px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2012</font></td><td colspan="2" style="width: 112px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:112px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td colspan="2" style="width: 112px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:112px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td></tr><tr style="height: 20px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;">&#160;</td><td style="width: 257px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:257px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">Gains</font></td><td style="width: 16px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 96px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 348</font></td><td style="width: 16px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 96px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 3,212</font></td><td style="width: 16px; 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border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 96px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> (2,626)</font></td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 96px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> (60)</font></td></tr><tr style="height: 20px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;">&#160;</td><td style="width: 257px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:257px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">Net realized (losses) gains </font></td><td style="width: 16px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 96px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> (92)</font></td><td style="width: 16px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 96px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 586</font></td><td style="width: 16px; 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text-align:left;border-color:#000000;min-width:587px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">The carrying value of equity method investments in sponsored funds is measured based on the funds&#8217; net asset values. The </font></td></tr><tr style="height: 20px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;">&#160;</td><td style="width: 32px; text-align:left;border-color:#000000;min-width:32px;">&#160;</td><td colspan="10" style="width: 587px; text-align:left;border-color:#000000;min-width:587px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Company has the ability to redeem its investments in these funds at any time.</font></td></tr></table></div> 0.440 0.480 66558000 28488000 23341000 16494000 15334000 10346000 19298000 9190000 1043000 P17Y 25182000 363539000 388721000 323126000 11544000 14351000 25895000 415000 <div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 20px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;">&#160;</td><td style="width: 145px; text-align:left;border-color:#000000;min-width:145px;">&#160;</td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 14px; 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text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 14px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Other</font></td><td style="width: 14px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 15px; 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text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;">&#160;</td><td style="width: 43px; text-align:left;border-color:#000000;min-width:43px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 79px; text-align:left;border-color:#000000;min-width:79px;">&#160;</td></tr><tr style="height: 17px"><td colspan="2" style="width: 198px; text-align:left;border-color:#000000;min-width:198px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Derivative instruments</font></td><td style="width: 25px; text-align:left;border-color:#000000;min-width:25px;">&#160;</td><td style="width: 8px; 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text-align:left;border-color:#000000;min-width:198px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">October 31, 2011</font></td><td style="width: 25px; text-align:left;border-color:#000000;min-width:25px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;">&#160;</td><td style="width: 43px; text-align:left;border-color:#000000;min-width:43px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 79px; text-align:left;border-color:#000000;min-width:79px;">&#160;</td></tr><tr style="height: 69px"><td colspan="2" style="width: 198px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:198px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(in thousands)</font></td><td style="width: 25px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:25px;">&#160;</td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 19px; 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text-align:left;border-color:#000000;min-width:43px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 79px; text-align:left;border-color:#000000;min-width:79px;">&#160;</td></tr><tr style="height: 20px"><td colspan="2" style="width: 198px; text-align:left;border-color:#000000;min-width:198px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Cash equivalents</font></td><td style="width: 25px; text-align:left;border-color:#000000;min-width:25px;">&#160;</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 19px; text-align:right;border-color:#000000;min-width:19px;">&#160;</td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 71px; 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text-align:left;border-color:#000000;min-width:24px;">&#160;</td><td style="width: 43px; text-align:left;border-color:#000000;min-width:43px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 79px; text-align:left;border-color:#000000;min-width:79px;">&#160;</td></tr><tr style="height: 18px"><td colspan="2" style="width: 198px; text-align:left;border-color:#000000;min-width:198px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Cash equivalents</font></td><td style="width: 25px; text-align:left;border-color:#000000;min-width:25px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;">&#160;</td><td style="width: 14px; 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Inputs to the models may include, but are not limited to, reported trades, executable bid and asked prices, broker</font><font style="font-family:Times New Roman;font-size:11pt;">-</font><font style="font-family:Times New Roman;font-size:11pt;">dealer quotations, prices or yields of securities with similar characteristics, benchmark curves or information pertaining to the issuer, as well as industry and economic events. The pricing services may use a matrix approach, which considers information regarding securities with similar characteristics to determine the valuation for a security. 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border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:19px;">&#160;</td><td style="width: 14px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 71px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 170,288</font></td><td style="width: 14px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; 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border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:170px;">&#160;</td><td style="width: 25px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:25px;">&#160;</td><td style="width: 8px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 19px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:19px;">&#160;</td><td style="width: 14px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 71px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:71px;">&#160;</td><td style="width: 14px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 13px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 24px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:24px;">&#160;</td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:43px;">&#160;</td><td style="width: 14px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 79px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:79px;">&#160;</td></tr><tr style="height: 17px"><td colspan="2" style="width: 198px; text-align:left;border-color:#000000;min-width:198px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Financial liabilities:</font></td><td style="width: 25px; text-align:left;border-color:#000000;min-width:25px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 19px; text-align:right;border-color:#000000;min-width:19px;">&#160;</td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;">&#160;</td><td style="width: 43px; text-align:left;border-color:#000000;min-width:43px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 79px; text-align:left;border-color:#000000;min-width:79px;">&#160;</td></tr><tr style="height: 17px"><td colspan="2" style="width: 198px; text-align:left;border-color:#000000;min-width:198px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Derivative instruments</font></td><td style="width: 25px; text-align:left;border-color:#000000;min-width:25px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;">&#160;</td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 14px; 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text-align:right;border-color:#000000;min-width:79px;">&#160;</td></tr><tr style="height: 17px"><td colspan="6" style="width: 264px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:264px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Senior and subordinated note obligations</font></td><td style="width: 71px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 2,659</font></td><td style="width: 13px; 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text-align:left;border-color:#000000;min-width:71px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;">&#160;</td><td style="width: 43px; text-align:left;border-color:#000000;min-width:43px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 79px; text-align:left;border-color:#000000;min-width:79px;">&#160;</td></tr><tr style="height: 69px"><td colspan="2" style="width: 198px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:198px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(in thousands)</font></td><td style="width: 25px; 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border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 24px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:24px;">&#160;</td><td style="width: 43px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:43px;">&#160;</td><td style="width: 14px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 79px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:79px;">&#160;</td></tr><tr style="height: 17px"><td colspan="2" style="width: 198px; 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text-align:left;border-color:#000000;min-width:43px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 79px; text-align:left;border-color:#000000;min-width:79px;">&#160;</td></tr><tr style="height: 20px"><td colspan="2" style="width: 198px; text-align:left;border-color:#000000;min-width:198px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Cash equivalents</font></td><td style="width: 25px; text-align:left;border-color:#000000;min-width:25px;">&#160;</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 19px; text-align:right;border-color:#000000;min-width:19px;">&#160;</td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 71px; 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text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;">&#160;</td><td style="width: 43px; text-align:left;border-color:#000000;min-width:43px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 79px; text-align:left;border-color:#000000;min-width:79px;">&#160;</td></tr><tr style="height: 20px"><td colspan="5" style="width: 250px; 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text-align:left;border-color:#000000;min-width:24px;">&#160;</td><td style="width: 43px; text-align:left;border-color:#000000;min-width:43px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 79px; text-align:left;border-color:#000000;min-width:79px;">&#160;</td></tr><tr style="height: 18px"><td colspan="2" style="width: 198px; text-align:left;border-color:#000000;min-width:198px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Cash equivalents</font></td><td style="width: 25px; text-align:left;border-color:#000000;min-width:25px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;">&#160;</td><td style="width: 14px; 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text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;">&#160;</td><td style="width: 43px; text-align:left;border-color:#000000;min-width:43px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 79px; text-align:left;border-color:#000000;min-width:79px;">&#160;</td></tr><tr style="height: 20px"><td colspan="4" style="width: 231px; text-align:left;border-color:#000000;min-width:231px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Derivative instruments</font></td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;">&#160;</td><td style="width: 14px; 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text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 100px; text-align:left;border-color:#000000;min-width:100px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 133px; text-align:left;border-color:#000000;min-width:133px;">&#160;</td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;">&#160;</td><td style="width: 100px; text-align:left;border-color:#000000;min-width:100px;">&#160;</td></tr><tr style="height: 20px"><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;">&#160;</td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;">&#160;</td><td style="width: 57px; text-align:left;border-color:#000000;min-width:57px;">&#160;</td><td colspan="3" style="width: 216px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:216px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Assets</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td colspan="3" style="width: 250px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:250px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Liabilities</font></td></tr><tr style="height: 40px"><td colspan="2" style="width: 140px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:140px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">(in thousands)</font></td><td style="width: 57px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:57px;">&#160;</td><td style="width: 104px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:104px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Balance Sheet Location</font></td><td style="width: 12px; 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text-align:left;border-color:#000000;min-width:100px;">&#160;</td></tr><tr style="height: 20px"><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;">&#160;</td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;">&#160;</td><td style="width: 57px; text-align:left;border-color:#000000;min-width:57px;">&#160;</td><td colspan="3" style="width: 216px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:216px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Assets</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td colspan="3" style="width: 250px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:250px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Liabilities</font></td></tr><tr style="height: 40px"><td colspan="2" style="width: 140px; 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border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:197px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">Foreign exchange contracts</font></td><td style="width: 104px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:104px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">Other assets</font></td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 100px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:100px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 24</font></td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 10px; 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border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 133px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:133px;">&#160;</td><td style="width: 17px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:17px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 100px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:100px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 6,654</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 22px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;">&#160;</td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;">&#160;</td><td style="width: 60px; text-align:left;border-color:#000000;min-width:60px;">&#160;</td><td style="width: 255px; text-align:center;border-color:#000000;min-width:255px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Income Statement</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 72px; text-align:center;border-color:#000000;min-width:72px;">&#160;</td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 72px; text-align:center;border-color:#000000;min-width:72px;">&#160;</td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;">&#160;</td></tr><tr style="height: 20px"><td colspan="2" style="width: 128px; 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text-align:left;border-color:#000000;min-width:64px;">&#160;</td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;">&#160;</td><td style="width: 60px; text-align:left;border-color:#000000;min-width:60px;">&#160;</td><td style="width: 255px; text-align:left;border-color:#000000;min-width:255px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 72px; text-align:left;border-color:#000000;min-width:72px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 72px; text-align:left;border-color:#000000;min-width:72px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;">&#160;</td></tr><tr style="height: 20px"><td colspan="3" style="width: 188px; text-align:left;border-color:#000000;min-width:188px;">&#160;</td><td style="width: 255px; text-align:left;border-color:#000000;min-width:255px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Gains and other </font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 72px; text-align:left;border-color:#000000;min-width:72px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 72px; text-align:left;border-color:#000000;min-width:72px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;">&#160;</td></tr><tr style="height: 20px"><td colspan="3" style="width: 188px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:188px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Commodity futures contracts</font></td><td style="width: 255px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:255px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">investment income, net</font></td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 72px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 693</font></td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 72px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 305</font></td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 64px; 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border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> (3,569)</font></td></tr></table></div> 226000 300000 1505000 367000 498000 121000 2229000 788000 400000 400000 124000 24000 6363000 157000 879000 167000 6654000 1060000 -1495000 288000 -11361000 -2658000 -1923000 693000 305000 -3569000 -10380000 -3848000 -810000 -836000 <p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-weight:bold;margin-left:0px;">8</font><font style="font-family:Times New Roman;font-size:11pt;font-weight:bold;">. </font><font style="font-family:Times New Roman;font-size:11pt;font-weight:bold;">Fair Value Measurements of Other Financial Instruments</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:18px;">Certain financial instruments are not carried at fair value. The following is a summary of the carrying amounts and estimated fair values of these financial instruments at October 31,</font><font style="font-family:Times New Roman;font-size:11pt;"> 2012</font><font style="font-family:Times New Roman;font-size:11pt;"> and 2011</font><font style="font-family:Times New Roman;font-size:11pt;">:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 20px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;">&#160;</td><td style="width: 229px; text-align:left;border-color:#000000;min-width:229px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td colspan="3" style="width: 162px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:162px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2012</font></td><td style="width: 78px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:78px;">&#160;</td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td colspan="3" style="width: 166px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:166px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td></tr><tr style="height: 39px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;">&#160;</td><td style="width: 229px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:229px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">(in thousands)</font></td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 74px; 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border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 78px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Carrying Value</font></td><td style="width: 14px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:74px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Fair Value</font></td></tr><tr style="height: 20px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;">&#160;</td><td style="width: 229px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:229px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Investments, other</font></td><td style="width: 14px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 7,470</font></td><td style="width: 14px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 74px; 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text-align:left;border-color:#000000;min-width:30px;">&#160;</td><td style="width: 229px; border-top-style:double;border-top-width:3px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:229px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Debt</font></td><td style="width: 14px; border-top-style:double;border-top-width:3px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 74px; border-top-style:double;border-top-width:3px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;"> 500,000</font></td><td style="width: 14px; border-top-style:double;border-top-width:3px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 74px; 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The Company's interest in ACM Holdings is non-voting and entitles the Company to receive $6.6 million when put or call options for certain non-controlling interests of Atlanta Capital are exercis</font><font style="font-family:Times New Roman;font-size:11pt;">ed. The carrying value of this investment</font><font style="font-family:Times New Roman;font-size:11pt;"> approximates fair value. The fair value of the investment is determined using a cash flow model which projects future cash flows based upon contractual obligations. Once the undiscounted cash flows have been determined, the Company applies an appropriate discount rate. The inputs to the model are considered Level 3.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:18px;">Included in other assets is a five-year option to acquire an additional 26 percent interest in Hexavest. The $8.3 million carrying value of this option approximates fair value. The fair value of the option is determined using a Monte Carlo model which simulates potential future market multiples of earnings before interest and taxes (&#8220;EBIT&#8221;) and compares this to the contractually fixed multiple of Hexavest's EBIT at which the option can be exercised.</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">The Monte Carlo model uses this array of simulated multiples and their difference from the contractual multiple times the projected EBIT for Hexavest to estimate the future exercise value of the option, which is then adjusted to present value. The inputs to the model are considered Level 3.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:18px;">The fair value of the Company's debt has been determined using publicly available market prices, which are considered Level 1 inputs</font><font style="font-family:Times New Roman;font-size:11pt;">.</font><font style="font-family:Times New Roman;font-size:11pt;"> </font></p> 7470000 566047000 7470000 604316000 7470000 8307000 8307000 7470000 <div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 20px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;">&#160;</td><td style="width: 229px; text-align:left;border-color:#000000;min-width:229px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td colspan="3" style="width: 162px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:162px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2012</font></td><td style="width: 78px; 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The Company's risk of loss with respect to these managed entities is limited to the carrying value of its investments in</font><font style="font-family:Times New Roman;font-size:11pt;">,</font><font style="font-family:Times New Roman;font-size:11pt;"> and investment advisory fees receivable from</font><font style="font-family:Times New Roman;font-size:11pt;">,</font><font style="font-family:Times New Roman;font-size:11pt;"> the entities as of October 31,</font><font style="font-family:Times New Roman;font-size:11pt;"> 2012</font><font style="font-family:Times New Roman;font-size:11pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:18px;">The Company's investments in privately offered equity funds are carried at fair value and included in i</font><font style="font-family:Times New Roman;font-size:11pt;">nvestment securities, available-for-</font><font style="font-family:Times New Roman;font-size:11pt;">sale, which are disclosed as a component of investments in Note </font><font style="font-family:Times New Roman;font-size:11pt;">5. 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text-align:left;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 85px; text-align:left;border-color:#000000;min-width:85px;">&#160;</td></tr><tr style="height: 20px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;">&#160;</td><td style="width: 337px; text-align:left;border-color:#000000;min-width:337px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> Senior and subordinated note obligations</font></td><td style="width: 85px; text-align:left;border-color:#000000;min-width:85px;">&#160;</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 446,605</font></td><td style="width: 16px; 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margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-weight:bold;margin-left:0px;">11</font><font style="font-family:Times New Roman;font-size:11pt;font-weight:bold;">. </font><font style="font-family:Times New Roman;font-size:11pt;font-weight:bold;">Acquisitions</font><font style="font-family:Times New Roman;font-size:11pt;font-weight:bold;">, Goodwill and Intangible Assets</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18px;">Parametric Risk Advisors LLC (&#8220;Parametric Risk Advisors&#8221;)</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:18px;">Parametric Risk Advisors is a majority-owned subsidiary of Parametric. </font><font style="font-family:Times New Roman;font-size:11pt;">In fiscal</font><font style="font-family:Times New Roman;font-size:11pt;"> 201</font><font style="font-family:Times New Roman;font-size:11pt;">2</font><font style="font-family:Times New Roman;font-size:11pt;">, </font><font style="font-family:Times New Roman;font-size:11pt;">Parametric </font><font style="font-family:Times New Roman;font-size:11pt;">exercised a call option requiring the non-controlling interest holders of Parametric Risk Advisors to sell</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">to </font><font style="font-family:Times New Roman;font-size:11pt;">Parametric </font><font style="font-family:Times New Roman;font-size:11pt;">units representing a </font><font style="font-family:Times New Roman;font-size:11pt;">10</font><font style="font-family:Times New Roman;font-size:11pt;"> percent ownership interest in Parametric Risk Advisors for $</font><font style="font-family:Times New Roman;font-size:11pt;">2.</font><font style="font-family:Times New Roman;font-size:11pt;">9</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">million. Pursuant to the acquisition agreement, the exercise price of the call option was based on a multiple of earnings before interest and taxes for the twelve</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">months ended April 30, 201</font><font style="font-family:Times New Roman;font-size:11pt;">2</font><font style="font-family:Times New Roman;font-size:11pt;">. As a result of the transaction, </font><font style="font-family:Times New Roman;font-size:11pt;">Parametric</font><font style="font-family:Times New Roman;font-size:11pt;">'</font><font style="font-family:Times New Roman;font-size:11pt;">s</font><font style="font-family:Times New Roman;font-size:11pt;"> ownership interest increased from </font><font style="font-family:Times New Roman;font-size:11pt;">60</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">percent to </font><font style="font-family:Times New Roman;font-size:11pt;">7</font><font style="font-family:Times New Roman;font-size:11pt;">0</font><font style="font-family:Times New Roman;font-size:11pt;"> percent. The payment was treated as an equity transaction and reduced redeemable non-controlling interests at closing</font><font style="font-family:Times New Roman;font-size:11pt;">.</font><font style="font-family:Times New Roman;font-size:11pt;"> Parametric has the right to purchase the remaining non-controlling interest in Parametric Risk Advisors over a </font><font style="font-family:Times New Roman;font-size:11pt;">three</font><font style="font-family:Times New Roman;font-size:11pt;">-</font><font style="font-family:Times New Roman;font-size:11pt;">year period based on </font><font style="font-family:Times New Roman;font-size:11pt;">a prescribed multiple of earnings before interest and taxes</font><font style="font-family:Times New Roman;font-size:11pt;"> of the entity for the twelve</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">months ending April 30, 201</font><font style="font-family:Times New Roman;font-size:11pt;">3 and the next two</font><font style="font-family:Times New Roman;font-size:11pt;"> twelve</font><font style="font-family:Times New Roman;font-size:11pt;">-</font><font style="font-family:Times New Roman;font-size:11pt;">month periods. The exercise of the call rights is not contingent upon the non-controlling interest holders of Parametric Risk Advisors remaining employees of the Company.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:18px;">In fiscal 2011</font><font style="font-family:Times New Roman;font-size:11pt;">, Parametric exercised a call option requiring the non-controlling interest holders of Parametric Risk Adviso</font><font style="font-family:Times New Roman;font-size:11pt;">rs to sell </font><font style="font-family:Times New Roman;font-size:11pt;">to Parametric </font><font style="font-family:Times New Roman;font-size:11pt;">units</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">representing a</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">9</font><font style="font-family:Times New Roman;font-size:11pt;"> percent ownership interest in Parametric Risk Advisors for $</font><font style="font-family:Times New Roman;font-size:11pt;">2.</font><font style="font-family:Times New Roman;font-size:11pt;">3</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">million. A</font><font style="font-family:Times New Roman;font-size:11pt;">s a result of the transaction, </font><font style="font-family:Times New Roman;font-size:11pt;">Parametric's</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">ownership interest increased from </font><font style="font-family:Times New Roman;font-size:11pt;">51</font><font style="font-family:Times New Roman;font-size:11pt;"> percent to 60</font><font style="font-family:Times New Roman;font-size:11pt;"> percent. The payment was treated as an equity transaction and resulted in a reduction to redeemable non-controlling interest. </font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-weight:bold;font-style:italic;margin-left:18px;">Parametric </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:18px;">In fiscal</font><font style="font-family:Times New Roman;font-size:11pt;"> 201</font><font style="font-family:Times New Roman;font-size:11pt;">2</font><font style="font-family:Times New Roman;font-size:11pt;">, the non-controlling interest holders of Parametric exercised a put option requiring the Company to purchase </font><font style="font-family:Times New Roman;font-size:11pt;">for $</font><font style="font-family:Times New Roman;font-size:11pt;">17</font><font style="font-family:Times New Roman;font-size:11pt;">.</font><font style="font-family:Times New Roman;font-size:11pt;">0</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">million </font><font style="font-family:Times New Roman;font-size:11pt;">an additional interest in Parametric </font><font style="font-family:Times New Roman;font-size:11pt;">representing a</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">1</font><font style="font-family:Times New Roman;font-size:11pt;">.</font><font style="font-family:Times New Roman;font-size:11pt;">7</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">percent capital interest and </font><font style="font-family:Times New Roman;font-size:11pt;">a </font><font style="font-family:Times New Roman;font-size:11pt;">2</font><font style="font-family:Times New Roman;font-size:11pt;">.9 </font><font style="font-family:Times New Roman;font-size:11pt;">percent profit interest in the entity</font><font style="font-family:Times New Roman;font-size:11pt;">. Pursuant to the acquisition agreement, the exercise price of the put option was based on a multiple of earnings before taxes for the calendar year ended December 31, 201</font><font style="font-family:Times New Roman;font-size:11pt;">1</font><font style="font-family:Times New Roman;font-size:11pt;">. </font><font style="font-family:Times New Roman;font-size:11pt;">The transaction reduced the capital interests held by non-controlling interest holders from </font><font style="font-family:Times New Roman;font-size:11pt;">5.</font><font style="font-family:Times New Roman;font-size:11pt;">2</font><font style="font-family:Times New Roman;font-size:11pt;"> percent on October 31, 201</font><font style="font-family:Times New Roman;font-size:11pt;">1</font><font style="font-family:Times New Roman;font-size:11pt;"> to </font><font style="font-family:Times New Roman;font-size:11pt;">3</font><font style="font-family:Times New Roman;font-size:11pt;">.</font><font style="font-family:Times New Roman;font-size:11pt;">4</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">percent on October 31, 201</font><font style="font-family:Times New Roman;font-size:11pt;">2</font><font style="font-family:Times New Roman;font-size:11pt;">. 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text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;">&#160;</td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;">&#160;</td></tr><tr style="height: 118px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;">&#160;</td><td style="width: 285px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:285px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">(dollars in thousands)</font></td><td colspan="2" style="width: 96px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">Weighted-average remaining amortization period (in years)</font></td><td colspan="2" style="width: 91px; 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text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;">&#160;</td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 77px; text-align:left;border-color:#000000;min-width:77px;">&#160;</td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;">&#160;</td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;">&#160;</td></tr><tr style="height: 20px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;">&#160;</td><td style="width: 285px; text-align:left;border-color:#000000;min-width:285px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">Non-amortizing intangible assets:</font></td><td style="width: 75px; 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Options exercised represent newly issued shares. 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The plan qualifies under Section 423 of the </font><font style="font-family:Times New Roman;font-size:11pt;">U.S. </font><font style="font-family:Times New Roman;font-size:11pt;">Internal Revenue Code and permits eligible employees to direct up to 15 percent of their salaries to a maximum of $12,500 per six-month offering period toward the purchase of Non-Voting Common Stock at the lower of 90 percent of the market price of the Non-Voting Common Stock at the beginning or at the end of each offering period. 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text-align:left;border-color:#000000;min-width:32px;">&#160;</td><td style="width: 39px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:39px;">&#160;</td><td style="width: 264px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:264px;">&#160;</td><td style="width: 99px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:99px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2012</font></td><td style="width: 99px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:99px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 110px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:110px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td></tr><tr style="height: 20px"><td style="width: 32px; 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In addition, the Company may, at its discretion, contribute up to </font><font style="font-family:Times New Roman;font-size:11pt;">15 </font><font style="font-family:Times New Roman;font-size:11pt;">percent of eligible employee compensation to the plan, up to a maximum of </font><font style="font-family:Times New Roman;font-size:11pt;">$</font><font style="font-family:Times New Roman;font-size:11pt;">36,750</font><font style="font-family:Times New Roman;font-size:11pt;"> </font><font style="font-family:Times New Roman;font-size:11pt;">per employee. 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text-align:left;border-color:#000000;min-width:110px;">&#160;</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 110px; text-align:left;border-color:#000000;min-width:110px;">&#160;</td><td style="width: 7px; text-align:right;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 110px; text-align:left;border-color:#000000;min-width:110px;">&#160;</td></tr><tr style="height: 18px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;">&#160;</td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;">&#160;</td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;">&#160;</td><td style="width: 260px; text-align:left;border-color:#000000;min-width:260px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10.5pt;COLOR: #000000;"> Interest income</font></td><td style="width: 7px; text-align:right;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 110px; 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text-align:right;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 110px; text-align:left;border-color:#000000;min-width:110px;">&#160;</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 110px; text-align:left;border-color:#000000;min-width:110px;">&#160;</td><td style="width: 7px; text-align:right;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 110px; text-align:left;border-color:#000000;min-width:110px;">&#160;</td></tr><tr style="height: 18px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;">&#160;</td><td style="width: 19px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:19px;">&#160;</td><td style="width: 19px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:19px;">&#160;</td><td style="width: 260px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:260px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10.5pt;COLOR: #000000;"> other investments and note obligations</font></td><td style="width: 7px; 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text-align:right;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 110px; text-align:left;border-color:#000000;min-width:110px;">&#160;</td></tr><tr style="height: 18px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;">&#160;</td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;">&#160;</td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;">&#160;</td><td style="width: 260px; text-align:left;border-color:#000000;min-width:260px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10.5pt;COLOR: #000000;">CLO entity:</font></td><td style="width: 7px; text-align:right;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 110px; text-align:left;border-color:#000000;min-width:110px;">&#160;</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 110px; text-align:left;border-color:#000000;min-width:110px;">&#160;</td><td style="width: 7px; text-align:right;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 110px; text-align:left;border-color:#000000;min-width:110px;">&#160;</td></tr><tr style="height: 18px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;">&#160;</td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;">&#160;</td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;">&#160;</td><td style="width: 260px; text-align:left;border-color:#000000;min-width:260px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10.5pt;COLOR: #000000;"> Interest income</font></td><td style="width: 7px; text-align:right;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 110px; text-align:right;border-color:#000000;min-width:110px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10.5pt;COLOR: #000000;"> 22,058</font></td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 110px; 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text-align:left;border-color:#000000;min-width:110px;">&#160;</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 110px; text-align:left;border-color:#000000;min-width:110px;">&#160;</td><td style="width: 7px; text-align:right;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 110px; text-align:left;border-color:#000000;min-width:110px;">&#160;</td></tr><tr style="height: 18px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;">&#160;</td><td style="width: 19px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:19px;">&#160;</td><td style="width: 19px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:19px;">&#160;</td><td style="width: 260px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:260px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10.5pt;COLOR: #000000;"> other investments and note obligations</font></td><td style="width: 7px; 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border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:110px;">&#160;</td><td style="width: 7px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 110px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:110px;">&#160;</td></tr><tr style="height: 18px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;">&#160;</td><td style="width: 19px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:19px;">&#160;</td><td style="width: 19px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:19px;">&#160;</td><td style="width: 260px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:260px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10.5pt;COLOR: #000000;"> income, net</font></td><td style="width: 7px; 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margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-weight:bold;margin-left:0px;">17</font><font style="font-family:Times New Roman;font-size:11pt;font-weight:bold;">. </font><font style="font-family:Times New Roman;font-size:11pt;font-weight:bold;">Income Taxes</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:18px;">The provision for income taxes for the years ended October 31, 2012, 2011 and 2010 consists of the following:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 20px"><td style="width: 32px; text-align:left;border-color:#000000;min-width:32px;">&#160;</td><td style="width: 369px; text-align:left;border-color:#000000;min-width:369px;">&#160;</td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td></tr><tr style="height: 20px"><td style="width: 32px; text-align:left;border-color:#000000;min-width:32px;">&#160;</td><td style="width: 369px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:369px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">(in thousands)</font></td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2012</font></td><td style="width: 16px; 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text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 83px; text-align:right;border-color:#000000;min-width:83px;">&#160;</td></tr><tr style="height: 20px"><td style="width: 32px; text-align:left;border-color:#000000;min-width:32px;">&#160;</td><td style="width: 22px; text-align:left;border-color:#000000;min-width:22px;">&#160;</td><td style="width: 442px; text-align:left;border-color:#000000;min-width:442px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;"> and intangibles</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">(15,818)</font></td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 83px; text-align:right;border-color:#000000;min-width:83px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">(16,075)</font></td></tr><tr style="height: 20px"><td style="width: 32px; 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text-align:right;border-color:#000000;min-width:82px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> -</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> (771)</font></td></tr><tr style="height: 20px"><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;">&#160;</td><td style="width: 355px; text-align:left;border-color:#000000;min-width:355px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">Additions based on tax provisions related to current year</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 33</font></td><td style="width: 16px; 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text-align:left;border-color:#000000;min-width:32px;">&#160;</td><td style="width: 369px; text-align:left;border-color:#000000;min-width:369px;">&#160;</td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td></tr><tr style="height: 20px"><td style="width: 32px; text-align:left;border-color:#000000;min-width:32px;">&#160;</td><td style="width: 369px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:369px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">(in thousands)</font></td><td style="width: 16px; 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border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 83px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:83px;">&#160;</td></tr><tr style="height: 20px"><td style="width: 32px; text-align:left;border-color:#000000;min-width:32px;">&#160;</td><td colspan="2" style="width: 464px; text-align:left;border-color:#000000;min-width:464px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">Deferred tax assets:</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 76px; text-align:left;border-color:#000000;min-width:76px;">&#160;</td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 83px; text-align:left;border-color:#000000;min-width:83px;">&#160;</td></tr><tr style="height: 20px"><td style="width: 32px; text-align:left;border-color:#000000;min-width:32px;">&#160;</td><td style="width: 22px; 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text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 83px; text-align:right;border-color:#000000;min-width:83px;">&#160;</td></tr><tr style="height: 20px"><td style="width: 32px; text-align:left;border-color:#000000;min-width:32px;">&#160;</td><td style="width: 22px; text-align:left;border-color:#000000;min-width:22px;">&#160;</td><td style="width: 442px; text-align:left;border-color:#000000;min-width:442px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;"> and intangibles</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">(15,818)</font></td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 83px; text-align:right;border-color:#000000;min-width:83px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">(16,075)</font></td></tr><tr style="height: 20px"><td style="width: 32px; 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margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:18px;">The components of accumula</font><font style="font-family:Times New Roman;font-size:11pt;">ted other comprehensive income</font><font style="font-family:Times New Roman;font-size:11pt;">, net of taxes,</font><font style="font-family:Times New Roman;font-size:11pt;"> at</font><font style="font-family:Times New Roman;font-size:11pt;"> October 31, 2012 and</font><font style="font-family:Times New Roman;font-size:11pt;"> 2011</font><font style="font-family:Times New Roman;font-size:11pt;"> are as follows:</font><font style="font-family:Times New Roman;font-size:11pt;"> </font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 20px"><td style="width: 32px; text-align:left;border-color:#000000;min-width:32px;">&#160;</td><td style="width: 432px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:432px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">(in thousands)</font></td><td style="width: 14px; 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diluted</font></td><td style="width: 14px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 115,126</font></td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 14px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 119,975</font></td><td style="width: 14px; 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border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 14px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:75px;">&#160;</td></tr><tr style="height: 20px"><td style="width: 32px; text-align:left;border-color:#000000;min-width:32px;">&#160;</td><td style="width: 299px; text-align:left;border-color:#000000;min-width:299px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> Eaton Vance Corp. shareholders:</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td></tr><tr style="height: 20px"><td style="width: 32px; text-align:left;border-color:#000000;min-width:32px;">&#160;</td><td style="width: 299px; border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:299px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> Basic</font></td><td style="width: 14px; border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">$</font></td><td style="width: 75px; 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text-align:left;border-color:#000000;min-width:32px;">&#160;</td><td style="width: 299px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:299px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">(in thousands, except per share data)</font></td><td colspan="2" style="width: 89px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:89px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2012</font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:10px;">&#160;</td><td colspan="2" style="width: 89px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:89px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td colspan="2" style="width: 89px; 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Substantially all of the services to these entities for which the Company earns a fee, including investment advisory, distribution, shareholder and administrative, are provided under contracts that set forth the services to be provided and the fees to be charged. These contracts are subject to annual review and approval by the funds' boards of directors or trustees. 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margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:18px;">Sales proceeds and net realized</font><font style="font-family:Times New Roman;font-size:11pt;"> (losses)</font><font style="font-family:Times New Roman;font-size:11pt;"> gains </font><font style="font-family:Times New Roman;font-size:11pt;">from</font><font style="font-family:Times New Roman;font-size:11pt;"> investments in sponsored funds classified as available-for-sale for the years ended October 31,</font><font style="font-family:Times New Roman;font-size:11pt;"> 2012</font><font style="font-family:Times New Roman;font-size:11pt;">, 2011</font><font style="font-family:Times New Roman;font-size:11pt;"> and 2010 are as follows:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 20px"><td style="width: 32px; text-align:left;border-color:#000000;min-width:32px;">&#160;</td><td style="width: 369px; 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text-align:left;border-color:#000000;min-width:32px;">&#160;</td><td style="width: 369px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:369px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">(in thousands)</font></td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 82px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:82px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2012</font></td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 82px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:82px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 16px; 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border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2012</font></td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 82px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:82px;">&#160;</td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 79px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:79px;">&#160;</td></tr><tr style="height: 39px"><td colspan="2" style="width: 249px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:249px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: left;">(in thousands, except per share data)</font></td><td colspan="2" style="width: 91px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:91px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">First Quarter</font></td><td colspan="2" style="width: 91px; 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border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:28px;">&#160;</td><td style="width: 221px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:221px;">&#160;</td><td style="width: 16px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 16px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 16px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 16px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 82px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:82px;">&#160;</td><td style="width: 16px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 79px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:79px;">&#160;</td></tr><tr style="height: 20px"><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;">&#160;</td><td style="width: 221px; text-align:left;border-color:#000000;min-width:221px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">Total revenue</font></td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 295,606</font></td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 304,770</font></td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 298,771</font></td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 309,889</font></td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 1,209,036</font></td></tr><tr style="height: 20px"><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;">&#160;</td><td style="width: 221px; text-align:left;border-color:#000000;min-width:221px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">Operating income</font></td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 92,820</font></td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 98,811</font></td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 95,016</font></td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 106,345</font></td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 79px; text-align:right;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 392,992</font></td></tr><tr style="height: 60px"><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;">&#160;</td><td style="width: 221px; text-align:left;border-color:#000000;min-width:221px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">Net income attributable to Eaton Vance Corp. shareholders</font></td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; 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text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 82px; text-align:left;border-color:#000000;min-width:82px;">&#160;</td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 79px; text-align:left;border-color:#000000;min-width:79px;">&#160;</td></tr><tr style="height: 20px"><td style="width: 28px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:28px;">&#160;</td><td style="width: 221px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:221px;">&#160;</td><td style="width: 16px; 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border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:82px;">&#160;</td><td style="width: 16px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 79px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:79px;">&#160;</td></tr><tr style="height: 20px"><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;">&#160;</td><td style="width: 221px; text-align:left;border-color:#000000;min-width:221px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">Total revenue</font></td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 295,606</font></td><td style="width: 16px; 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text-align:right;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 52,870</font></td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 50,206</font></td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 53,118</font></td><td style="width: 16px; 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text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 82px; text-align:left;border-color:#000000;min-width:82px;">&#160;</td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;">&#160;</td><td style="width: 79px; text-align:left;border-color:#000000;min-width:79px;">&#160;</td></tr><tr style="height: 20px"><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;">&#160;</td><td style="width: 221px; text-align:left;border-color:#000000;min-width:221px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> Basic</font></td><td style="width: 16px; text-align:right;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; 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