XML 15 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenue    
Investment advisory fees, net—affiliates $ 154,777 $ 122,035
Investment advisory fees, net—other 27,070 24,524
Administrative service fees, net—affiliates 53,473 53,017
Other service fees, net—affiliates 34,697 18,720
Other service fees, net—other 1,201 1,067
Other, net 891 1,159
Total revenue 272,109 220,522
Operating Expenses    
Distribution 88,381 53,495
Compensation and related 76,770 76,498
Professional service fees 8,881 7,882
Systems and communications 7,865 6,870
Office and occupancy 6,888 6,853
Advertising and promotional 3,442 3,471
Travel and related 2,906 2,759
Other 2,421 3,656
Total operating expenses 197,554 161,484
Operating income 74,555 59,038
Nonoperating Income (Expenses)    
Investment income, net 1,573 1,144
Gain (loss) on securities, net [1] 1,091 (254)
Debt expense (1,059) (1,373)
Other, net (5) (13)
Total nonoperating income (expenses), net 1,600 (496)
Income before income taxes 76,155 58,542
Income tax provision 27,381 22,124
Net income including the noncontrolling interests in subsidiaries 48,774 36,418
Less: Net income attributable to the noncontrolling interests in subsidiaries 3,516 111
Net income $ 45,258 $ 36,307
Amounts Attributable to Federated Investors, Inc.    
Earnings per common share—Basic and Diluted [2] $ 0.44 $ 0.35
Cash dividends per share $ 0.25 $ 0.25
[1] Amounts related to consolidated entities, primarily Federated Funds, totaled $1.0 million and $(0.3) million for the three months ended March 31, 2016, and 2015, respectively.
[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.