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Earnings Per Share Attributable to Federated Hermes, Inc. Shareholders | 12 Months Ended
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Dec. 31, 2023
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) |  | 2023 |  | 2022 |  | 2021
Numerator |  |  |  |  |  |
Net Income Attributable to Federated Hermes, Inc. |  | $ | 298,980 |  |  | $ | 239,496 |  |  | $ | 270,293 |
Less: Total Net Income Available to Participating Unvested Restricted Shareholders 1 |  | (13,981) |  |  | (11,828) |  |  | (10,858) |
Total Net Income Attributable to Federated Hermes Common Stock - Basic |  | $ | 284,999 |  |  | $ | 227,668 |  |  | $ | 259,435 |
Less: Total Net Income Available to Unvested Restricted Shareholders of a Nonpublic Consolidated Subsidiary |  | 0 |  |  | 0 |  |  | (1,580) |
Total Net Income Attributable to Federated Hermes Common Stock - Diluted |  | $ | 284,999 |  |  | $ | 227,668 |  |  | $ | 257,855 |
Denominator |  |  |  |  |  |
Basic Weighted-Average Federated Hermes Common Stock 2 |  | 83,858 |  |  | 85,762 |  |  | 93,754 |
Dilutive Impact from Non-forfeitable Restricted Stock |  | 5 |  |  | 4 |  |  | 17 |
Diluted Weighted-Average Federated Hermes Common Stock 2 |  | 83,863 |  |  | 85,766 |  |  | 93,771 |
Earnings Per Share |  |  |  |  |  |
Net Income Attributable to Federated Hermes Common Stock - Basic 2 |  | $ | 3.40 |  |  | $ | 2.65 |  |  | $ | 2.77 |
Net Income Attributable to Federated Hermes Common Stock - Diluted 2 |  | $ | 3.40 |  |  | $ | 2.65 |  |  | $ | 2.75 |
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.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
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