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Equity | 6 Months Ended
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Jun. 30, 2016
Equity [Abstract] |
Equity | Equity In February 2015, the board of directors authorized a share repurchase program that allows Federated to buy back up to 4 million shares of Federated Class B common stock with no stated expiration date. The program authorizes executive management to determine the timing and the amount of shares for each purchase. The repurchased stock is held in treasury for employee share-based compensation plans, potential acquisitions and other corporate activities. During the first six months of 2016, Federated repurchased 1.4 million shares of Class B common stock for $41.0 million ($5.8 million of which was accrued in Other current liabilities as of June 30, 2016), nearly all of which were repurchased in the open market. The remaining repurchased shares represent restricted stock forfeited by employees and are not counted against the board-approved share repurchase program. At June 30, 2016, 1.3 million shares remained available to be purchased under Federated's buyback program.

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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References No definition available. + Details
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