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Supplementary Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2017
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, |
2017 |  |  |  |  |  |  |  |
Revenue |  | $ | 273,501 |  |  | $ | 272,796 |  |  | $ | 278,315 |  |  | $ | 278,312 |
Operating income |  | $ | 77,773 |  |  | $ | 84,211 |  |  | $ | 88,690 |  |  | $ | 90,834 |
Net income including the noncontrolling interests in subsidiaries 1 |  | $ | 51,027 |  |  | $ | 54,659 |  |  | $ | 57,241 |  |  | $ | 131,974 |
Amounts attributable to Federated Investors, Inc. |  |  |  |  |  |  |  |
Net income 1 |  | $ | 49,641 |  |  | $ | 53,451 |  |  | $ | 56,439 |  |  | $ | 131,810 |
Earnings per common share – Basic and Diluted 2 |  | $ | 0.49 |  |  | $ | 0.53 |  |  | $ | 0.56 |  |  | $ | 1.31 |
Impact of Voluntary Yield-related Fee Waivers |  |  |  |  |  |  |  |
Revenue |  | $ | (4,262 | ) |  | $ | (144 | ) |  | $ | (10 | ) |  | $ | 0 |
Less: Reduction in Distribution expense |  | 3,490 |  |  | 99 |  |  | (1 | ) |  | (2 | )
Operating income |  | (772 | ) |  | (45 | ) |  | (11 | ) |  | (2 | )
Less: Reduction in Noncontrolling interest |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Pre-tax impact |  | $ | (772 | ) |  | $ | (45 | ) |  | $ | (11 | ) |  | $ | (2 | )
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 |  | $ | 48,959 |  |  | $ | 56,418 |  |  | $ | 58,908 |  |  | $ | 57,229 |
Amounts attributable to Federated Investors, Inc. |  |  |  |  |  |  |  |
Net income |  | $ | 45,443 |  |  | $ | 52,709 |  |  | $ | 54,925 |  |  | $ | 55,842 |
Earnings per common share – Basic and Diluted 3 |  | $ | 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 | )
1 | The quarter ended December 31, 2017 includes a $70.4 million reduction to the income tax provision resulting from the revaluation of the net deferred tax liability due to the enactment of the Tax Act, thereby increasing net income.
2 | The quarter ended December 31, 2017 includes a $0.70 increase to earnings per share resulting from the revaluation of the net deferred tax liability due to the enactment of the Tax Act.
3 | 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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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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