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Earnings Per Share Attributable to Federated Hermes, Inc. Shareholders (Tables)
 6 Months Ended
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 EndedSix Months Ended
June 30,June 30,
(in thousands, except per share data)2024202320242023
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 Shareholders1
(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 Stock2
80,026 84,930 80,367 84,902 
Dilutive Impact from Non-forfeitable Restricted Stock0 9 1 5 
Diluted Weighted-Average Federated Hermes Common Stock2
80,026 84,939 80,368 84,907 
Earnings Per Share
Net Income Attributable to Federated Hermes Common Stock - Basic and Diluted2
$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.