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Share-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Activity of Non-Vested Restricted Stock Awards
The following table summarizes activity of non-vested restricted stock awards for the year ended December 31, 2018: 
 
 
Restricted
Shares

 
Weighted-
Average Grant-
Date Fair Value
 
Non-vested at January 1, 2018
 
3,978,433

 
 
$
24.90

Granted1
 
899,269

 
 
28.30

Vested
 
(866,259
)
 
 
25.24

Forfeited
 
(50,883
)
 
 
25.54

Non-vested at December 31, 2018
 
3,960,560

 
 
$
25.59

1
During 2018, Federated awarded 451,769 shares of restricted Federated Class B common stock in connection with a bonus program in which certain key employees received a portion of their bonus in the form of restricted stock under the Plan. This restricted stock, which was granted on the bonus payment date and issued out of treasury, generally vests over a three-year period. Also during 2018, Federated awarded 447,500 shares of restricted Federated Class B common stock to certain key employees. These restricted stock awards generally vest over a ten-year period.