Earnings Per Share Attributable to Federated Investors, Inc. Shareholders (Tables)

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

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.