Earnings Per Share Attributable to Federated Investors, Inc. Shareholders

9 Months Ended

Sep. 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						Nine Months Ended
	September 30,						September 30,
(in thousands, except per share data)	2019			2018			2019			2018
Numerator
Net Income Attributable to Federated Investors, Inc.	$	72,962		$	59,608		$	190,232		$	158,761
Less: Total Net Income Available to Participating Unvested Restricted Shareholders1	(2,774		)	(2,355		)	(7,322		)	(6,261		)
Total Net Income Attributable to Federated Common Stock - Basic	$	70,188		$	57,253		$	182,910		$	152,500
Less: Total Net Income Available to Unvested Restricted Shareholders of a Nonpublic Consolidated Subsidiary	(258		)	(480		)	(457		)	(480		)
Total Net Income Attributable to Federated Common Stock - Diluted	$	69,930		$	56,773		$	182,453		$	152,020
Denominator
Basic Weighted-Average Federated Common Stock2	97,306			96,664			97,211			97,013
Dilutive Potential Shares from Stock Options	0			0			0			1
Diluted Weighted-Average Federated Common Stock2	97,306			96,664			97,211			97,014
Earnings Per Share
Net Income Attributable to Federated Common Stock – Basic and Diluted2	$	0.72		$	0.59		$	1.88		$	1.57

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.