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Earnings Per Share Attributable to Federated Hermes, Inc. Shareholders (Tables) | 9 Months Ended
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Sep. 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 |  | Nine Months Ended
|  | September 30, |  | September 30,
(in thousands, except per share data) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Numerator |  |  |  |  |  |  |  |
Net Income Attributable to Federated Hermes, Inc. |  | $ | 87,538 |  |  | $ | 75,026 |  |  | $ | 183,598 |  |  | $ | 216,802 |
Less: Total Net Income Available to Participating Unvested Restricted Shareholders 1 |  | (3,747) |  |  | (3,310) |  |  | (7,953) |  |  | (10,309) |
Total Net Income Attributable to Federated Hermes Common Stock - Basic and Diluted |  | $ | 83,791 |  |  | $ | 71,716 |  |  | $ | 175,645 |  |  | $ | 206,493 |
Denominator |  |  |  |  |  |  |  |
Basic Weighted-Average Federated Hermes Common Stock 2 |  | 78,690 |  |  | 83,710 |  |  | 79,804 |  |  | 84,499 |
Dilutive Impact from Non-forfeitable Restricted Stock |  | 16 |  |  | 0 |  |  | 5 |  |  | 3 |
Diluted Weighted-Average Federated Hermes Common Stock 2 |  | 78,706 |  |  | 83,710 |  |  | 79,809 |  |  | 84,502 |
Earnings Per Share |  |  |  |  |  |  |  |
Net Income Attributable to Federated Hermes Common Stock - Basic and Diluted 2 |  | $ | 1.06 |  |  | $ | 0.86 |  |  | $ | 2.20 |  |  | $ | 2.44 |
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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