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Supplementary Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Information | Supplementary Quarterly Financial Data (Unaudited)
in thousands, except per share data, for the quarters ended |  | March 31, |  |  | June 30, |  |  | September 30, |  |  | December 31, |
2016 |  |  |  |  |  |  |  |
Revenue |  | $ | 272,109 |  |  | $ | 286,738 |  |  | $ | 294,620 |  |  | $ | 289,904 |
Operating income |  | $ | 74,555 |  |  | $ | 87,670 |  |  | $ | 88,636 |  |  | $ | 84,822 |
Net income including the noncontrolling interests in subsidiaries 1 |  | $ | 48,959 |  |  | $ | 56,418 |  |  | $ | 58,908 |  |  | $ | 57,229 |
Amounts attributable to Federated Investors, Inc. |  |  |  |  |  |  |  |
Net income 1 |  | $ | 45,443 |  |  | $ | 52,709 |  |  | $ | 54,925 |  |  | $ | 55,842 |
Earnings per common share – Basic and Diluted 2 |  | $ | 0.44 |  |  | $ | 0.51 |  |  | $ | 0.54 |  |  | $ | 0.52 |
Impact of Voluntary Yield-related Fee Waivers |  |  |  |  |  |  |  |
Revenue |  | $ | (37,482 | ) |  | $ | (21,333 | ) |  | $ | (18,030 | ) |  | $ | (11,027 | )
Less: Reduction in Distribution expense |  | 27,896 |  |  | 16,528 |  |  | 13,797 |  |  | 7,627 |
Operating income |  | (9,586 | ) |  | (4,805 | ) |  | (4,233 | ) |  | (3,400 | )
Less: Reduction in Noncontrolling interest |  | 208 |  |  | (208 | ) |  | 0 |  |  | 0 |
Pre-tax impact |  | $ | (9,378 | ) |  | $ | (5,013 | ) |  | $ | (4,233 | ) |  | $ | (3,400 | )
2015 |  |  |  |  |  |  |  |
Revenue |  | $ | 220,522 |  |  | $ | 228,127 |  |  | $ | 234,321 |  |  | $ | 243,639 |
Operating income |  | $ | 59,038 |  |  | $ | 69,279 |  |  | $ | 74,244 |  |  | $ | 76,885 |
Net income including the noncontrolling interests in subsidiaries |  | $ | 36,418 |  |  | $ | 42,263 |  |  | $ | 44,136 |  |  | $ | 49,169 |
Amounts attributable to Federated Investors, Inc. |  |  |  |  |  |  |  |
Net income |  | $ | 36,307 |  |  | $ | 41,759 |  |  | $ | 44,131 |  |  | $ | 47,610 |
Earnings per common share – Basic and Diluted |  | $ | 0.35 |  |  | $ | 0.40 |  |  | $ | 0.42 |  |  | $ | 0.46 |
Impact of Voluntary Yield-related Fee Waivers |  |  |  |  |  |  |  |
Revenue |  | $ | (94,112 | ) |  | $ | (84,245 | ) |  | $ | (83,254 | ) |  | $ | (71,995 | )
Less: Reduction in Distribution expense |  | 64,654 |  |  | 60,179 |  |  | 61,283 |  |  | 54,493 |
Operating income |  | (29,458 | ) |  | (24,066 | ) |  | (21,971 | ) |  | (17,502 | )
Less: Reduction in Noncontrolling interest |  | 2,454 |  |  | 1,851 |  |  | 1,716 |  |  | 1,093 |
Pre-tax impact |  | $ | (27,004 | ) |  | $ | (22,215 | ) |  | $ | (20,255 | ) |  | $ | (16,409 | )
1 | As a result of the adoption of ASU 2016-09, the income-tax provision for March 31, 2016 was reduced by $0.2 million from amounts previously reported (see Note (2) for additional information).
2 | For the quarter ended December 31, 2016, Federated paid $1.00 per share as a special cash dividend and a $0.25 per share regular cash dividend. All dividends were considered ordinary dividends for tax purposes. The special dividend negatively impacted fourth quarter 2016 earnings per share by $0.02.

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