XML 32 R21.htm IDEA: XBRL DOCUMENT v3.19.2
Earnings Per Share Attributable to Federated Investors, Inc. Shareholders
 6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Earnings Per Share Attributable to Federated Investors, Inc. Shareholders Earnings Per Share Attributable to Federated Investors, Inc. Shareholders

The following table sets forth the computation of basic and diluted earnings per share using the two-class method for amounts attributable to Federated for:
 
 
Three Months Ended
 
Six Months Ended
 
 
June 30,
 
June 30,
(in thousands, except per share data)
 
2019

 
2018

 
2019
 
2018

Numerator
 
 
 
 
 
 
 
 
Net Income Attributable to Federated Investors, Inc.
 
$
62,724

 
$
38,822

 
$
117,270

 
$
99,153

Less: Total Net Income Available to Participating Unvested Restricted Shareholders1
 
(2,404
)
 
(1,529
)
 
(4,542
)
 
(3,907
)
Total Net Income Attributable to Federated Common Stock - Basic
 
$
60,320

 
$
37,293

 
$
112,728

 
$
95,246

Less: Total Net Income Available to Unvested Restricted Shareholders of a Nonpublic Consolidated Subsidiary
 
(166
)
 
0

 
(199
)
 
0

Total Net Income Attributable to Federated Common Stock - Diluted
 
$
60,154

 
$
37,293

 
$
112,529

 
$
95,246

Denominator
 
 
 
 
 
 
 
 
Basic Weighted-Average Federated Common Stock2
 
97,330

 
97,193

 
97,163

 
97,191

Dilutive Potential Shares from Stock Options
 
0

 
1

 
0

 
1

Diluted Weighted-Average Federated Common Stock2
 
97,330

 
97,194

 
97,163

 
97,192

Earnings Per Share
 
 
 
 
 
 
 
 
Net Income Attributable to Federated Common Stock – Basic and Diluted2
 
$
0.62

 
$
0.38

 
$
1.16

 
$
0.98

1
Includes dividends paid on unvested restricted Federated Class B Common shares and their proportionate share of undistributed earnings attributable to Federated shareholders.
2
Federated Common Stock excludes unvested restricted stock which are deemed participating securities in accordance with the two-class method of computing earnings per share.