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Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenue        
Investment advisory fees, net—affiliates $ 165,956 $ 129,464 $ 320,733 $ 251,498
Investment advisory fees, net—other 26,707 24,965 53,777 49,489
Administrative service fees, net—affiliates 53,131 51,605 106,604 104,622
Other service fees, net—affiliates 38,803 19,996 73,500 38,715
Other service fees, net—other 1,140 1,035 2,341 2,102
Other, net 1,001 1,062 1,892 2,223
Total revenue 286,738 228,127 558,847 448,649
Operating Expenses        
Distribution 94,741 54,058 183,122 107,553
Compensation and related 75,225 70,940 151,995 147,438
Systems and communications 7,767 6,979 15,632 13,849
Office and occupancy 6,675 6,710 13,563 13,563
Professional service fees 3,645 7,285 12,526 15,167
Advertising and promotional 3,938 3,504 7,380 6,975
Travel and related 3,656 3,533 6,562 6,291
Other 3,421 5,839 5,842 9,496
Total operating expenses 199,068 158,848 396,622 320,332
Operating income 87,670 69,279 162,225 128,317
Nonoperating Income (Expenses)        
Investment income, net 1,674 1,390 3,247 2,534
(Loss) gain on securities, net [1] (569) (980) 522 (1,234)
Debt expense (1,020) (974) (2,079) (2,347)
Other, net (2) (15) (7) (28)
Total nonoperating income (expenses), net 83 (579) 1,683 (1,075)
Income before income taxes 87,753 68,700 163,908 127,242
Income tax provision 31,335 26,437 58,531 48,561
Net income including the noncontrolling interests in subsidiaries 56,418 42,263 105,377 78,681
Less: Net income attributable to the noncontrolling interests in subsidiaries 3,709 504 7,225 615
Net income $ 52,709 $ 41,759 $ 98,152 $ 78,066
Amounts Attributable to Federated Investors, Inc.        
Earnings per common share—Basic and Diluted [2] $ 0.51 $ 0.40 $ 0.94 $ 0.74
Cash dividends per share $ 0.25 $ 0.25 $ 0.50 $ 0.50
[1] Amounts related to consolidated entities, primarily Federated Funds, totaled $0.9 million and $1.9 million for the three and six months ended June 30, 2016, respectively, and $(0.8) million and $(1.1) million for the three and six months ended June 30, 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.