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Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue        
Investment advisory fees, net—affiliates $ 145,205 $ 165,956 $ 293,124 $ 320,733
Investment advisory fees, net—other 34,117 26,707 67,515 53,777
Administrative service fees, net—affiliates 45,601 53,131 92,302 106,604
Other service fees, net—affiliates 45,994 38,803 89,552 73,500
Other service fees, net—other 1,448 1,140 2,942 2,341
Other, net 431 1,001 862 1,892
Total revenue 272,796 286,738 546,297 558,847
Operating Expenses        
Distribution 87,174 94,741 177,533 183,122
Compensation and related 71,370 75,225 144,772 151,995
Systems and communications 8,041 7,767 16,266 15,632
Office and occupancy 7,161 6,675 14,513 13,563
Professional service fees 5,728 3,645 12,408 12,526
Advertising and promotional 3,095 3,938 6,051 7,380
Travel and related 2,958 3,656 5,893 6,562
Other 3,058 3,421 6,877 5,842
Total operating expenses 188,585 199,068 384,313 396,622
Operating income 84,211 87,670 161,984 162,225
Nonoperating Income (Expenses)        
Investment income, net 1,703 1,674 3,355 3,247
Gain (loss) on securities, net [1] 2,234 (569) 4,796 522
Debt expense (1,182) (1,020) (2,283) (2,079)
Other, net (33) (2) (34) (7)
Total nonoperating income, net 2,722 83 5,834 1,683
Income before income taxes 86,933 87,753 167,818 163,908
Income tax provision 32,274 31,335 62,132 58,531
Net income including the noncontrolling interests in subsidiaries 54,659 56,418 105,686 105,377
Less: Net income attributable to the noncontrolling interests in subsidiaries 1,208 3,709 2,594 7,225
Net income $ 53,451 $ 52,709 $ 103,092 $ 98,152
Amounts Attributable to Federated Investors, Inc.        
Earnings per common share—Basic and Diluted [2] $ 0.53 $ 0.51 $ 1.01 $ 0.94
Cash dividends per share $ 0.25 $ 0.25 $ 0.50 $ 0.50
[1] Amounts related to consolidated entities, primarily Federated Funds, totaled $1.3 million and $2.6 million for the three and six months ended June 30, 2017, respectively and $0.9 million and $1.9 million for the three and six months ended June 30, 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.