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Earnings Per Share Attributable to Federated Investors, Inc. Shareholders Narrative (Details)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Earnings Per Share [Abstract]      
Stock option awards excluded from calculation of diluted EPS 0.7 3.0 2.7