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Earnings Per Share Attributable to Federated Hermes, Inc. Shareholders (Tables) | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Schedule of Computation of Basic and Diluted Earnings Per Share | 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:
|  | Three Months Ended |  | Six Months Ended
|  | June 30, |  | June 30,
(in thousands, except per share data) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Numerator |  |  |  |  |  |  |  |
Net Income Attributable to Federated Hermes, Inc. |  | $ | 21,027 |  |  | $ | 72,175 |  |  | $ | 96,060 |  |  | $ | 141,776 |
Less: Total Net Income Available to Participating Unvested Restricted Shareholders 1 |  | (4,733) |  |  | (3,471) |  |  | (5,810) |  |  | (6,982) |
Total Net Income Attributable to Federated Hermes Common Stock - Basic and Diluted |  | $ | 16,294 |  |  | $ | 68,704 |  |  | $ | 90,250 |  |  | $ | 134,794 |
Denominator |  |  |  |  |  |  |  |
Basic Weighted-Average Federated Hermes Common Stock 2 |  | 80,026 |  |  | 84,930 |  |  | 80,367 |  |  | 84,902 |
Dilutive Impact from Non-forfeitable Restricted Stock |  | 0 |  |  | 9 |  |  | 1 |  |  | 5 |
Diluted Weighted-Average Federated Hermes Common Stock 2 |  | 80,026 |  |  | 84,939 |  |  | 80,368 |  |  | 84,907 |
Earnings Per Share |  |  |  |  |  |  |  |
Net Income Attributable to Federated Hermes Common Stock - Basic and Diluted 2 |  | $ | 0.20 |  |  | $ | 0.81 |  |  | $ | 1.12 |  |  | $ | 1.59 |
1 Includes dividends paid on unvested restricted Federated Hermes Class B common stock and their proportionate share of any 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 Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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