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Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue        
Investment advisory fees, net—affiliates $ 169,327 $ 133,569 $ 490,059 $ 385,067
Investment advisory fees, net—other 27,926 25,329 81,703 74,818
Administrative service fees, net—affiliates 53,577 53,275 160,181 157,897
Other service fees, net—affiliates 41,701 20,295 115,201 59,010
Other service fees, net—other 1,033 903 3,374 3,004
Other, net 1,056 950 2,949 3,174
Total revenue 294,620 234,321 853,467 682,970
Operating Expenses        
Distribution 98,740 58,823 281,862 166,376
Compensation and related 75,731 70,624 227,726 218,062
Systems and communications 7,763 6,684 23,395 20,533
Office and occupancy 6,660 6,552 20,223 20,115
Professional service fees 7,360 7,823 19,886 22,990
Advertising and promotional 3,371 3,310 10,751 10,285
Travel and related 3,165 3,183 9,727 9,474
Other 3,194 3,078 9,036 12,574
Total operating expenses 205,984 160,077 602,606 480,409
Operating income 88,636 74,244 250,861 202,561
Nonoperating Income (Expenses)        
Investment income, net 1,857 1,243 5,104 3,777
Gain (loss) on securities, net [1] 2,032 (4,292) 2,553 (5,526)
Debt expense (1,039) (979) (3,118) (3,325)
Other, net 19 (8) 13 (37)
Total nonoperating income (expenses), net 2,869 (4,036) 4,552 (5,111)
Income before income taxes 91,505 70,208 255,413 197,450
Income tax provision 32,597 26,072 91,128 74,633
Net income including the noncontrolling interests in subsidiaries 58,908 44,136 164,285 122,817
Less: Net income attributable to the noncontrolling interests in subsidiaries 3,983 5 11,208 620
Net income $ 54,925 $ 44,131 $ 153,077 $ 122,197
Amounts Attributable to Federated Investors, Inc.        
Earnings per common share—Basic and Diluted [2] $ 0.54 $ 0.42 $ 1.48 $ 1.17
Cash dividends per share $ 0.25 $ 0.25 $ 0.75 $ 0.75
[1] Amounts related to consolidated entities, primarily Federated Funds, totaled $1.6 million and $3.5 million for the three and nine months ended September 30, 2016, respectively, and $(2.6) million and $(3.7) million for the three and nine months ended September 30, 2015, respectively.
[2] Federated Common Stock excludes unvested restricted shares which are deemed participating securities in accordance with the two-class method of computing earnings per share.