XML 80 R22.htm IDEA: XBRL DOCUMENT v3.20.1
Earnings Per Share Attributable to Federated Hermes, Inc. Shareholders
 3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Earnings Per Share Attributable to Federated Hermes, Inc. Shareholders Earnings Per Share Attributable to Federated Hermes, 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 Hermes for:
 
 
Three Months Ended
 
 
March 31,
(in thousands, except per share data)
 
2020

 
2019

Numerator
 
 
 
 
Net Income Attributable to Federated Hermes, Inc.
 
$
64,178

 
$
54,546

Less: Total Net Income Available to Participating Unvested Restricted Shareholders1
 
(2,410
)
 
(2,135
)
Total Net Income Attributable to Federated Hermes Common Stock - Basic
 
$
61,768

 
$
52,411

Less: Total Net Income Available to Unvested Restricted Shareholders of a Nonpublic Consolidated Subsidiary
 
(88
)
 
(33
)
Total Net Income Attributable to Federated Hermes Common Stock - Diluted
 
$
61,680

 
$
52,378

Denominator
 
 
 
 
Basic Weighted-Average Federated Hermes Common Stock2
 
97,345

 
96,994

Dilutive Potential Shares from Stock Options
 
0

 
1

Diluted Weighted-Average Federated Hermes Common Stock2
 
97,345

 
96,995

Earnings Per Share
 
 
 
 
Net Income Attributable to Federated Hermes Common Stock – Basic and Diluted2
 
$
0.63

 
$
0.54

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