Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2020

Stockholders' Equity

Components of basic and diluted earnings per share

The components of basic and diluted earnings per share were as follows:

	Three months ended
	March 31,
	2020		2019
Net income attributable to Waddell & Reed Financial, Inc.	$	21,986	32,053
Weighted average shares outstanding, basic and diluted		67,675	76,299
Earnings per share, basic and diluted	$	0.32	0.42

Summary of accumulated other comprehensive income (loss) activity

The following tables summarize accumulated other comprehensive income (loss) activity for the three months ended March 31, 2020 and March 31, 2019.

	For the three months ended March 31,
				Total
	Unrealized		Postretirement	accumulated
	gains (losses) on		benefits	other
	AFS investment		unrealized	comprehensive
	securities		gains (losses)	income (loss)
	(in thousands)
Balance at December 31, 2019	$	2,521	713	3,234
Other comprehensive loss before reclassification		(2,228)	—	(2,228)
Amount reclassified from accumulated other comprehensive income (loss)		(202)	(49)	(251)
Net current period other comprehensive loss		(2,430)	(49)	(2,479)
Balance at March 31, 2020	$	91	664	755
Balance at December 31, 2018	$	(797)	1,128	331
Other comprehensive income before reclassification		1,753	—	1,753
Amount reclassified from accumulated other comprehensive income (loss)		(95)	(94)	(189)
Net current period other comprehensive income (loss)		1,658	(94)	1,564
Balance at March 31, 2019	$	861	1,034	1,895

Summary of reclassifications from accumulated other comprehensive income (loss) and included in net income

Reclassifications from accumulated other comprehensive income (loss) and included in net income are summarized in the tables that follow.

			Tax
For the three months ended March 31, 2020	Pre-tax		expense	Net of tax	Statement of income line item
	(in thousands)
Reclassifications included in net income:
Gains on available for sale debt securities	$	266	(64)	202	Investment and other (loss) income
Amortization of postretirement benefits		67	(18)	49	Compensation and benefits
Total	$	333	(82)	251

			Tax
For the three months ended March 31, 2019	Pre-tax		expense	Net of tax	Statement of income line item
	(in thousands)
Reclassifications included in net income:
Gains on available for sale debt securities	$	125	(30)	95	Investment and other (loss) income
Amortization of postretirement benefits		124	(30)	94	Compensation and benefits
Total	$	249	(60)	189