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Earnings Per Share Attributable to Federated Investors, Inc. Shareholders
12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share Attributable to Federated Investors, Inc. Shareholders
Earnings Per Share Attributable to Federated Investors, 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 Investors, Inc. for the years ended December 31:
in thousands, except per share data
 
2014

 
2013

 
2012

Numerator – Basic and Diluted
 
 
 
 
 
 
Net income attributable to Federated Investors, Inc.
 
$
149,236

 
$
162,177

 
$
188,088

Less: Total income available to participating unvested restricted shareholders1
 
(5,823
)
 
(6,065
)
 
(8,400
)
Total net income attributable to Federated Common Stock2
 
$
143,413

 
$
156,112

 
$
179,688

Denominator
 
 
 
 
 
 
Basic weighted-average common shares outstanding
 
100,721

 
100,668

 
100,313

Dilutive potential shares from stock options
 
2

 
1

 
0

Diluted weighted-average common shares outstanding
 
100,723

 
100,669

 
100,313

Earnings per share
 
 
 
 
 
 
Net income attributable to Federated Common Stock - Basic and Diluted2
 
$
1.42

 
$
1.55

 
$
1.79

1
Income available to participating unvested restricted shareholders includes dividends paid on unvested restricted shares and their proportionate share of undistributed earnings.
2
Federated Common Stock excludes unvested restricted stock which are deemed participating securities in accordance with the two-class method of computing earnings per share.
For the years ended December 31, 2014, 2013 and 2012, 27 thousand, 43 thousand and 247 thousand awarded stock options were not included in the computation of diluted earnings per share. In all cases, these options were antidilutive because the exercise price was greater than the average market price of Federated Class B common stock for each respective year. In the event the awards become dilutive, these shares would be included in the calculation of diluted earnings per share and would result in a proportional amount of dilution.