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Supplementary Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2020
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
2020 |  |  |  |  |  |  |  |
Revenue 1 |  | $ | 359,183 |  |  | $ | 360,712 |  |  | $ | 364,455 |  |  | $ | 363,918 |
Operating Income 1 |  | $ | 92,744 |  |  | $ | 97,251 |  |  | $ | 113,381 |  |  | $ | 114,775 |
Net Income Including the Noncontrolling Interests in Subsidiaries |  | $ | 63,265 |  |  | $ | 84,801 |  |  | $ | 86,684 |  |  | $ | 101,272 |
Amounts Attributable to Federated Hermes, Inc. |  |  |  |  |  |  |  |
Net Income |  | $ | 64,178 |  |  | $ | 81,196 |  |  | $ | 85,822 |  |  | $ | 95,168 |
Earnings Per Common Share – Basic |  | $ | 0.63 |  |  | $ | 0.81 |  |  | $ | 0.86 |  |  | $ | 0.94 |
Earnings Per Common Share – Diluted |  | $ | 0.63 |  |  | $ | 0.80 |  |  | $ | 0.85 |  |  | $ | 0.93 |
2019 |  |  |  |  |  |  |  |
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 |
1 During the first, second, third and fourth quarters of 2020, Voluntary Yield-related Fee Waivers totaled $0.4 million, $19.7 million, $36.8 million and $56.1 million, respectively. These fee waivers were partially offset by related reductions in distribution expenses of $0.3 million, $17.7 million, $33.0 million and $47.4 million, respectively, such that the net negative pre-tax impact to Federated Hermes was $0.1 million, $2.0 million, $3.8 million and $8.7 million, respectively.

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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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