XML 59 R42.htm IDEA: XBRL DOCUMENT v3.6.0.2
Supplementary Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information [Table Text Block]
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 subsidiaries1
 
$
48,959

 
$
56,418

 
$
58,908

 
$
57,229

Amounts attributable to Federated Investors, Inc.
 
 
 
 
 
 
 
 
Net income1
 
$
45,443

 
$
52,709

 
$
54,925

 
$
55,842

Earnings per common share – Basic and Diluted2
 
$
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.