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Earnings Per Share Attributable to Federated Investors, Inc. Shareholders (Tables)
 9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share using the two-class method for amounts attributable to Federated:
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
(in thousands, except per share data)
 
2018

 
2017

 
2018

 
2017

Numerator – Basic and Diluted
 
 
 
 
 
 
 
 
Net Income Attributable to Federated Investors, Inc.
 
$
59,608

 
$
56,439

 
$
158,761

 
$
159,531

Less: Total Net Income Available to Participating Unvested Restricted Shareholders1
 
(2,835
)
 
(2,220
)
 
(6,741
)
 
(6,342
)
Total Net Income Attributable to Federated Common Stock2
 
$
56,773

 
$
54,219

 
$
152,020

 
$
153,189

Denominator
 
 
 
 
 
 
 
 
Basic Weighted-Average Federated Common Stock2
 
96,664

 
97,128

 
97,013

 
97,521

Dilutive Potential Shares from Stock Options
 
0

 
1

 
1

 
1

Diluted Weighted-Average Federated Common Stock2
 
96,664

 
97,129

 
97,014

 
97,522

Earnings Per Share
 
 
 
 
 
 
 
 
Net Income Attributable to Federated Common Stock – Basic and Diluted2
 
$
0.59

 
$
0.56

 
$
1.57

 
$
1.57

1
Net Income available to participating unvested restricted shareholders includes dividends paid on unvested restricted shares and their proportionate share of undistributed earnings attributable to Federated shareholders ($2.4 million and $6.3 million for the three and nine months ended September 30, 2018, respectively) and unvested shareholders of a nonpublic consolidated subsidiary beginning July 1, 2018.
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.