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Supplementary Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
Supplementary Quarterly Financial Data (Unaudited) | Supplementary Quarterly Financial Data (Unaudited)
(in thousands, except per share data, for the quarters ended) |  | March 31 |  |  | June 30 |  |  | September 30 |  |  | December 31 |
2019 1 |  |  |  |  |  |  |  |
Revenue |  | $ | 307,050 |  |  | $ | 321,479 |  |  | $ | 340,340 |  |  | $ | 358,025 |
Operating Income |  | $ | 70,889 |  |  | $ | 84,940 |  |  | $ | 89,307 |  |  | $ | 102,791 |
Net Income Including the Noncontrolling Interests in Subsidiaries |  | $ | 54,611 |  |  | $ | 63,840 |  |  | $ | 73,585 |  |  | $ | 85,089 |
Amounts Attributable to Federated Hermes, Inc. |  |  |  |  |  |  |  |
Net Income |  | $ | 54,546 |  |  | $ | 62,724 |  |  | $ | 72,962 |  |  | $ | 82,107 |
Earnings Per Common Share – Basic and Diluted |  | $ | 0.54 |  |  | $ | 0.62 |  |  | $ | 0.72 |  |  | $ | 0.81 |
2018 1 |  |  |  |  |  |  |  |
Revenue |  | $ | 263,852 |  |  | $ | 255,993 |  |  | $ | 308,616 |  |  | $ | 307,216 |
Operating Income |  | $ | 79,671 |  |  | $ | 80,757 |  |  | $ | 81,898 |  |  | $ | 87,954 |
Net Income Including the Noncontrolling Interests in Subsidiaries 2 |  | $ | 60,006 |  |  | $ | 38,667 |  |  | $ | 61,994 |  |  | $ | 61,632 |
Amounts Attributable to Federated Hermes, Inc. |  |  |  |  |  |  |  |
Net Income 2 |  | $ | 60,331 |  |  | $ | 38,822 |  |  | $ | 59,608 |  |  | $ | 61,536 |
Earnings Per Common Share – Basic and Diluted |  | $ | 0.60 |  |  | $ | 0.38 |  |  | $ | 0.59 |  |  | $ | 0.61 |
1 | The financial results of Hermes have been included in Federated's Consolidated Financial Statements from the July 1, 2018 effective date of the acquisition.
2 The quarter ended June 30, 2018 includes a $29.0 million loss related to two derivative financial instruments associated with the Hermes Acquisition (see Note (9) for additional information).

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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