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Earnings Per Share Attributable to Federated Hermes, Inc. Shareholders
 6 Months Ended
Jun. 30, 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:
 
 
Three Months Ended
 
Six Months Ended
 
 
June 30,
 
June 30,
(in thousands, except per share data)
 
2020

 
2019

 
2020

 
2019

Numerator
 
 
 
 
 
 
 
 
Net Income Attributable to Federated Hermes, Inc.
 
$
81,196

 
$
62,724

 
$
145,374

 
$
117,270

Less: Total Net Income Available to Participating Unvested Restricted Shareholders1
 
(3,171
)
 
(2,404
)
 
(5,568
)
 
(4,542
)
Total Net Income Attributable to Federated Hermes Common Stock - Basic
 
$
78,025

 
$
60,320

 
$
139,806

 
$
112,728

Less: Total Net Income Available to Unvested Restricted Shareholders of a Nonpublic Consolidated Subsidiary
 
(307
)
 
(166
)
 
(395
)
 
(199
)
Total Net Income Attributable to Federated Hermes Common Stock - Diluted
 
$
77,718

 
$
60,154

 
$
139,411

 
$
112,529

Denominator
 
 
 
 
 
 
 
 
Basic and Diluted Weighted-Average Federated Hermes Common Stock2
 
96,800

 
97,330

 
97,073

 
97,163

Earnings Per Share
 
 
 
 
 
 
 
 
Net Income Attributable to Federated Hermes Common Stock – Basic2
 
$
0.81

 
$
0.62

 
$
1.44

 
$
1.16

Net Income Attributable to Federated Hermes Common Stock – Diluted2
 
$
0.80

 
$
0.62

 
$
1.44

 
$
1.16

1
Includes dividends paid on unvested restricted Federated Hermes Class B Common Stock 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.