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Supplementary Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
Supplementary Quarterly Financial Data (Unaudited)
in thousands, except per share data, for the quarters ended
 
March 31,

 
June 30,

 
September 30,

 
December 31,

2017
 
 
 
 
 
 
 
 
Revenue
 
$
273,501

 
$
272,796

 
$
278,315

 
$
278,312

Operating income
 
$
77,773

 
$
84,211

 
$
88,690

 
$
90,834

Net income including the noncontrolling interests in subsidiaries1
 
$
51,027

 
$
54,659

 
$
57,241

 
$
131,974

Amounts attributable to Federated Investors, Inc.
 
 
 
 
 
 
 
 
Net income1
 
$
49,641

 
$
53,451

 
$
56,439

 
$
131,810

Earnings per common share – Basic and Diluted2
 
$
0.49

 
$
0.53

 
$
0.56

 
$
1.31

Impact of Voluntary Yield-related Fee Waivers
 
 
 
 
 
 
 
 
Revenue
 
$
(4,262
)
 
$
(144
)
 
$
(10
)
 
$
0

Less: Reduction in Distribution expense
 
3,490

 
99

 
(1
)
 
(2
)
Operating income
 
(772
)
 
(45
)
 
(11
)
 
(2
)
Less: Reduction in Noncontrolling interest
 
0

 
0

 
0

 
0

Pre-tax impact
 
$
(772
)
 
$
(45
)
 
$
(11
)
 
$
(2
)
2016
 
 
 
 
 
 
 
 
Revenue
 
$
272,109

 
$
286,738

 
$
294,620

 
$
289,904

Operating income
 
$
74,555

 
$
87,670

 
$
88,636

 
$
84,822

Net income including the noncontrolling interests in subsidiaries
 
$
48,959

 
$
56,418

 
$
58,908

 
$
57,229

Amounts attributable to Federated Investors, Inc.
 
 
 
 
 
 
 
 
Net income
 
$
45,443

 
$
52,709

 
$
54,925

 
$
55,842

Earnings per common share – Basic and Diluted3
 
$
0.44

 
$
0.51

 
$
0.54

 
$
0.52

Impact of Voluntary Yield-related Fee Waivers
 
 
 
 
 
 
 
 
Revenue
 
$
(37,482
)
 
$
(21,333
)
 
$
(18,030
)
 
$
(11,027
)
Less: Reduction in Distribution expense
 
27,896

 
16,528

 
13,797

 
7,627

Operating income
 
(9,586
)
 
(4,805
)
 
(4,233
)
 
(3,400
)
Less: Reduction in Noncontrolling interest
 
208

 
(208
)
 
0

 
0

Pre-tax impact
 
$
(9,378
)
 
$
(5,013
)
 
$
(4,233
)
 
$
(3,400
)

1
The quarter ended December 31, 2017 includes a $70.4 million reduction to the income tax provision resulting from the revaluation of the net deferred tax liability due to the enactment of the Tax Act, thereby increasing net income.
2
The quarter ended December 31, 2017 includes a $0.70 increase to earnings per share resulting from the revaluation of the net deferred tax liability due to the enactment of the Tax Act.
3
For the quarter ended December 31, 2016, Federated paid $1.00 per share as a special cash dividend and a $0.25 per share regular cash dividend. All dividends were considered ordinary dividends for tax purposes. The special dividend negatively impacted fourth quarter 2016 earnings per share by $0.02.