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Earnings Per Share Attributable to Federated Hermes, Inc. Shareholders (Tables)
 6 Months Ended
Jun. 30, 2020
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 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.