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Supplementary Quarterly Financial Data Schedule (Details) (USD $)
3 Months Ended 12 Months Ended
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2010
Sep. 30, 2010
Jun. 30, 2010
Mar. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Quarterly Financial Information [Line Items]                      
Revenues $ 216,406,000 [1] $ 214,048,000 [1] $ 225,777,000 [1] $ 238,882,000 [1] $ 245,317,000 [1],[2] $ 242,173,000 [1],[2] $ 231,484,000 [1],[2] $ 232,970,000 [1],[2] $ 895,114,000 $ 951,943,000 $ 1,175,950,000
Operating income 61,861,000 [1] 67,011,000 [1] 72,083,000 [1] 56,500,000 [1] 79,032,000 [1],[3] 75,088,000 [1],[3] 83,861,000 [1],[3] 71,810,000 [1],[3] 257,455,000 309,791,000 329,227,000
Net income including noncontrolling interest in subsidiaries 38,625,000 [1] 38,520,000 [1] 42,885,000 [1] 35,054,000 [1] 48,631,000 [1],[3] 48,063,000 [1],[3] 48,275,000 [1],[3] 44,195,000 [1],[3] 155,083,000 189,163,000 208,540,000
Net income 36,943,000 [1] 38,320,000 [1] 42,413,000 [1] 33,231,000 [1] 46,401,000 [1],[3] 43,056,000 [1],[3] 47,650,000 [1],[3] 42,007,000 [1],[3] 150,906,000 179,114,000 197,292,000
Earnings Per Share, Basic and Diluted $ 0.36 [1] $ 0.37 [1] $ 0.41 [1] $ 0.32 [1] $ 0.45 [1],[3] $ 0.42 [1],[3] $ 0.46 [1],[3] $ 0.38 [1],[3]      
Cash dividends per share $ 0.24 $ 0.24 $ 0.24 $ 0.24 $ 0.24 [4] $ 0.24 [4] $ 0.24 [4] $ 1.50 [4] $ 0.96 $ 2.22 $ 0.96
High $ 22.39 [5] $ 24.54 [5] $ 27.11 [5] $ 28.57 [5] $ 27.02 [5] $ 23.54 [5] $ 27.32 [5] $ 28.14 [5]      
Low $ 14.36 [5] $ 16.01 [5] $ 23.43 [5] $ 24.93 [5] $ 22.76 [5] $ 20.01 [5] $ 20.67 [5] $ 23.85 [5]      
Voluntary waiver of fees 89,000,000 88,900,000 79,400,000 63,400,000 60,000,000 53,800,000 58,200,000 69,500,000 (320,700,000) (241,600,000) (120,600,000)
Reduction in distribution expenses 61,900,000 63,200,000 57,800,000 49,500,000 47,700,000 42,600,000 45,000,000 51,200,000 (232,300,000) (186,600,000) (86,400,000)
Reduction in net income attributable to noncontrolling interests 1,000,000 2,500,000 2,200,000 800,000 200,000 200,000 200,000 500,000 (6,500,000) (1,000,000) 0
Reduction in pre-tax income 26,100,000 23,200,000 19,400,000 13,100,000 12,100,000 11,000,000 13,000,000 17,800,000 (81,900,000) (54,000,000) (34,200,000)
Other Asset Impairment Charges         3,200,000   7,000,000        
Special Cash Dividend [Member]
                     
Quarterly Financial Information [Line Items]                      
Cash dividends per share               $ 1.26      
Quarterly Cash Dividend [Member]
                     
Quarterly Financial Information [Line Items]                      
Cash dividends per share               $ 0.24      
SunTrust Acquisition [Member]
                     
Quarterly Financial Information [Line Items]                      
Revenues         $ 7,400,000            
[1] During the first, second, third and fourth quarters of 2011, fee waivers in order for certain money market funds to maintain positive or zero net yields totaled $63.4 million, $79.4 million, $88.9 million and $89.0 million, respectively. These fee waivers were partially offset by related reductions in distribution expenses of $49.5 million, $57.8 million, $63.2 million and $61.9 million and net income attributable to noncontrolling interests of $0.8 million, $2.2 million, $2.5 million and $1.0 million such that the net negative pre-tax impact to Federated was $13.1 million, $19.4 million, $23.2 million, and $26.1 million for the first, second, third and fourth quarters of 2011, respectively. During the first, second, third and fourth quarters of 2010, fee waivers in order for certain money market funds to maintain positive or zero net yields totaled $69.5 million, $58.2 million, $53.8 million and $60.0 million, respectively. These fee waivers were partially offset by related reductions in distribution expenses of $51.2 million, $45.0 million, $42.6 million and $47.7 million and net income attributable to noncontrolling interests of $0.5 million, $0.2 million, $0.2 million and $0.2 million such that the net negative pre-tax impact to Federated was $17.8 million, $13.0 million, $11.0 million, and $12.1 million for the first, second, third and fourth quarters of 2010, respectively.
[2] As a result of the SunTrust Acquisition, revenue for the fourth quarter ended December 31, 2010 included $7.4 million related to the acquired assets under management. See Note (3) for additional information.
[3] Federated recorded impairment charges of $7.0 million and $3.2 million related to intangible and fixed assets in the second and fourth quarters of 2010, respectively. See Note (6) for additional information.
[4] For the quarter ended March 31, 2010, Federated paid $1.26 per share for a special cash dividend. This payment was in addition to the $0.24 per share dividend paid in that quarter. All dividends are considered ordinary dividends for tax purposes.
[5] Federated’s common stock is traded on the New York Stock Exchange under the symbol FII.