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Equity | 3 Months Ended
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Mar. 31, 2019
Equity [Abstract] |
Equity | Equity In October 2016, the board of directors authorized a share repurchase program with no stated expiration date that allows Federated to buy back up to 4 million shares of Federated Class B common stock. No other programs existed as of March 31, 2019. The program authorizes executive management to determine the timing and the amount of shares for each purchase. The repurchased stock is to be held in treasury for employee share-based compensation plans, potential acquisitions and other corporate activities, unless Federated's board of directors subsequently determines to retire the repurchased stock and restore the shares to authorized but unissued status (rather than holding the shares in treasury). During the three months ended March 31, 2019, Federated repurchased approximately 61 thousand shares of its Class B common stock for $1.5 million, most of which were repurchased in the open market. At March 31, 2019, 1.0 million shares remain available to be purchased under Federated's buyback program. The following table presents the activity for the Class B common stock and Treasury stock for the three months ended March 31, 2019 and 2018. Class A shares have been excluded as there was no activity during the three months ended March 31, 2019 or 2018.
|  |  | Three Months Ended
|  |  | March 31,
|  |  | 2019 |  | 2018
Class B Shares |  |  |  |  |
Beginning Balance |  |  | 100,803,382 |  |  | 101,100,453 |
Stock Award Activity |  |  | 498,324 |  |  | 454,769 |
Purchase of Treasury Stock |  |  | (60,833 | ) |  | (118,645 | )
Ending Balance |  |  | 101,240,873 |  |  | 101,436,577 |
Treasury Shares |  |  |  |  |
Beginning Balance |  |  | 8,702,074 |  |  | 8,405,003 |
Stock Award Activity |  |  | (498,324 | ) |  | (454,769 | )
Purchase of Treasury Stock |  |  | 60,833 |  |  | 118,645 |
Ending Balance |  |  | 8,264,583 |  |  | 8,068,879 |

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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