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Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenue    
Investment advisory fees, net—affiliates $ 147,919 $ 154,777
Investment advisory fees, net—other 33,399 27,070
Administrative service fees, net—affiliates 46,701 53,473
Other service fees, net—affiliates 43,558 34,697
Other service fees, net—other 1,494 1,201
Other, net 430 891
Total revenue 273,501 272,109
Operating Expenses    
Distribution 90,359 88,381
Compensation and related 73,402 76,770
Systems and communications 8,225 7,865
Office and occupancy 7,352 6,888
Professional service fees 6,680 8,881
Advertising and promotional 2,955 3,442
Travel and related 2,934 2,906
Other 3,821 2,421
Total operating expenses 195,728 197,554
Operating income 77,773 74,555
Nonoperating Income (Expenses)    
Investment income, net 1,652 1,573
Gain on securities, net [1] 2,562 1,091
Debt expense (1,102) (1,059)
Other, net 0 (5)
Total nonoperating income, net 3,112 1,600
Income before income taxes 80,885 76,155
Income tax provision 29,858 27,196
Net income including the noncontrolling interests in subsidiaries 51,027 48,959
Less: Net income attributable to the noncontrolling interests in subsidiaries 1,386 3,516
Net income $ 49,641 $ 45,443
Amounts Attributable to Federated Investors, Inc.    
Earnings per common share—Basic and Diluted [2] $ 0.49 $ 0.44
Cash dividends per share $ 0.25 $ 0.25
[1] Amounts related to consolidated entities, primarily Federated Funds, totaled $1.3 million and $1.0 million for the three months ended March 31, 2017, and 2016, 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.