XML 37 R24.htm IDEA: XBRL DOCUMENT v3.22.4
Earnings Per Share Attributable to Federated Hermes, Inc. Shareholders
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Earnings Per Share Attributable to Federated Hermes, Inc. Shareholders Earnings Per Share Attributable to Federated Hermes, Inc. Shareholders
The following table sets forth the computation of basic and diluted earnings per share using the two-class method for amounts attributable to Federated Hermes for the years ended December 31:
(in thousands, except per share data)202220212020
Numerator
Net Income Attributable to Federated Hermes, Inc.$239,496 $270,293 $326,364 
Less: Total Net Income Available to Participating Unvested Restricted Shareholders1
(11,828)(10,858)(12,515)
Total Net Income Attributable to Federated Hermes Common Stock - Basic
$227,668 $259,435 $313,849 
Less: Total Net Income Available to Unvested Restricted Shareholders of a Nonpublic Consolidated Subsidiary
0 (1,580)(2,439)
Total Net Income Attributable to Federated Hermes Common Stock - Diluted
$227,668 $257,855 $311,410 
Denominator
Basic Weighted-Average Federated Hermes Common Stock2
85,762 93,754 96,503 
Dilutive Impact from Non-forfeitable Restricted Stock4 17 0 
Diluted Weighted-Average Federated Hermes Common Stock2
85,766 93,771 96,503 
Earnings Per Share
Net Income Attributable to Federated Hermes Common Stock - Basic2
$2.65 $2.77 $3.25 
Net Income Attributable to Federated Hermes Common Stock - Diluted2
$2.65 $2.75 $3.23 
1    Includes dividends paid on unvested restricted Federated Hermes Class B common stock and their proportionate share of undistributed earnings attributable to Federated Hermes shareholders.
2    Federated Hermes common stock excludes unvested restricted stock which are deemed participating securities in accordance with the two-class method of computing earnings per share, except for circumstances where shares vest upon retirement and the employee has reached retirement age.