2015 Q3 Form 10-Q Financial Statement

#000105628815000019 Filed on October 23, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2014 Q3
Revenue $234.3M $216.9M
YoY Change 8.02% 2.38%
Cost Of Revenue $7.800M $7.900M
YoY Change -1.27% -18.56%
Gross Profit $226.5M $209.0M
YoY Change 8.37% 3.36%
Gross Profit Margin 96.66% 96.35%
Selling, General & Admin $149.2M $141.8M
YoY Change 5.22% 3.58%
% of Gross Profit 65.87% 67.85%
Research & Development $6.684M $6.392M
YoY Change 4.57% -1.11%
% of Gross Profit 2.95% 3.06%
Depreciation & Amortization $2.300M $2.600M
YoY Change -11.54% -3.7%
% of Gross Profit 1.02% 1.24%
Operating Expenses $160.1M $6.392M
YoY Change 2404.33% -1.11%
Operating Profit $74.24M $60.83M
YoY Change 22.06% 5.32%
Interest Expense -$4.000M -$1.400M
YoY Change 185.71% -135.9%
% of Operating Profit -5.39% -2.3%
Other Income/Expense, Net -$4.036M -$1.372M
YoY Change 194.17% -274.11%
Pretax Income $70.21M $59.46M
YoY Change 18.08% 1.55%
Income Tax $26.07M $22.20M
% Of Pretax Income 37.14% 37.33%
Net Earnings $44.13M $37.56M
YoY Change 17.49% -0.38%
Net Earnings / Revenue 18.83% 17.32%
Basic Earnings Per Share
Diluted Earnings Per Share $438.8K $373.4K
COMMON SHARES
Basic Shares Outstanding 100.4M shares 100.7M shares
Diluted Shares Outstanding 100.5M shares 100.7M shares

Balance Sheet

Concept 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $321.8M $352.3M
YoY Change -8.66% 0.51%
Cash & Equivalents $141.2M $90.47M
Short-Term Investments $180.6M $261.8M
Other Short-Term Assets $3.416M $5.450M
YoY Change -37.32% 5.01%
Inventory
Prepaid Expenses $9.309M $8.827M
Receivables $28.41M $28.64M
Other Receivables $0.00 $0.00
Total Short-Term Assets $362.9M $395.2M
YoY Change -8.17% 0.08%
LONG-TERM ASSETS
Property, Plant & Equipment $36.46M $36.63M
YoY Change -0.48% -10.65%
Goodwill $659.3M $658.8M
YoY Change 0.07% 1.51%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $22.54M $25.50M
YoY Change -11.6% 21.23%
Total Long-Term Assets $793.8M $796.4M
YoY Change -0.33% 1.04%
TOTAL ASSETS
Total Short-Term Assets $362.9M $395.2M
Total Long-Term Assets $793.8M $796.4M
Total Assets $1.157B $1.192B
YoY Change -2.93% 0.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $39.50M $37.70M
YoY Change 4.77% -7.37%
Accrued Expenses $60.80M $58.50M
YoY Change 3.93% 8.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $25.50M $25.50M
YoY Change 0.0% -57.64%
Total Short-Term Liabilities $141.7M $137.6M
YoY Change 2.97% -21.93%
LONG-TERM LIABILITIES
Long-Term Debt $197.6M $223.1M
YoY Change -11.43% -1.59%
Other Long-Term Liabilities $19.05M $19.98M
YoY Change -4.62% -12.32%
Total Long-Term Liabilities $368.9M $380.0M
YoY Change -2.92% 3.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $141.7M $137.6M
Total Long-Term Liabilities $368.9M $380.0M
Total Liabilities $510.5M $517.6M
YoY Change -1.36% -4.64%
SHAREHOLDERS EQUITY
Retained Earnings $536.6M $1.040B
YoY Change -48.42% 2.21%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $189.6M $758.1M
YoY Change -74.99% 0.3%
Treasury Stock Shares 5.362M shares 24.86M shares
Shareholders Equity $635.6M $595.1M
YoY Change
Total Liabilities & Shareholders Equity $1.157B $1.192B
YoY Change -2.93% 0.72%

Cashflow Statement

Concept 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $44.13M $37.56M
YoY Change 17.49% -0.38%
Depreciation, Depletion And Amortization $2.300M $2.600M
YoY Change -11.54% -3.7%
Cash From Operating Activities $79.60M $46.50M
YoY Change 71.18% -14.99%
INVESTING ACTIVITIES
Capital Expenditures -$1.400M -$1.900M
YoY Change -26.32% -32.14%
Acquisitions
YoY Change
Other Investing Activities -$800.0K $14.60M
YoY Change -105.48% -143.84%
Cash From Investing Activities -$2.200M $12.60M
YoY Change -117.46% -134.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -45.40M -29.70M
YoY Change 52.86% 7.22%
NET CHANGE
Cash From Operating Activities 79.60M 46.50M
Cash From Investing Activities -2.200M 12.60M
Cash From Financing Activities -45.40M -29.70M
Net Change In Cash 32.00M 29.40M
YoY Change 8.84% -423.08%
FREE CASH FLOW
Cash From Operating Activities $79.60M $46.50M
Capital Expenditures -$1.400M -$1.900M
Free Cash Flow $81.00M $48.40M
YoY Change 67.36% -15.83%

Facts In Submission

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CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
40326000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
21299000 USD
us-gaap Gain Loss On Disposition Of Assets1
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CY2014Q4 us-gaap Goodwill
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CY2015Q3 us-gaap Goodwill
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CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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59456000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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177196000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
70208000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
197450000 USD
CY2014Q3 us-gaap Income Tax Expense Benefit
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22197000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
66978000 USD
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
26072000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
74633000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-13919000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-13354000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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3366000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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5180000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-4592000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-6120000 USD
us-gaap Increase Decrease In Receivables
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-1152000 USD
us-gaap Increase Decrease In Receivables
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764000 USD
CY2014Q4 us-gaap Indefinite Lived Contractual Rights
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68970000 USD
CY2015Q3 us-gaap Indefinite Lived Contractual Rights
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CY2014Q3 us-gaap Interest And Debt Expense
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2162000 USD
us-gaap Interest And Debt Expense
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7824000 USD
CY2015Q3 us-gaap Interest And Debt Expense
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979000 USD
us-gaap Interest And Debt Expense
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3325000 USD
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1100000 USD
us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
4000000 USD
CY2015Q3 us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
0 USD
us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
400000 USD
CY2014Q3 us-gaap Investment Advisory Fees
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24964000 USD
us-gaap Investment Advisory Fees
InvestmentAdvisoryFees
70980000 USD
CY2015Q3 us-gaap Investment Advisory Fees
InvestmentAdvisoryFees
25329000 USD
us-gaap Investment Advisory Fees
InvestmentAdvisoryFees
74818000 USD
CY2014Q3 us-gaap Investment Income Net
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1233000 USD
us-gaap Investment Income Net
InvestmentIncomeNet
4736000 USD
CY2015Q3 us-gaap Investment Income Net
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1243000 USD
us-gaap Investment Income Net
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3777000 USD
CY2014Q3 us-gaap Labor And Related Expense
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70724000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
213176000 USD
CY2015Q3 us-gaap Labor And Related Expense
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70624000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
218062000 USD
CY2014Q4 us-gaap Liabilities
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527170000 USD
CY2015Q3 us-gaap Liabilities
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510545000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
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1140519000 USD
CY2014Q4 us-gaap Liabilities Current
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149321000 USD
CY2015Q3 us-gaap Liabilities Current
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141661000 USD
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4313000 USD
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25500000 USD
CY2015Q3 us-gaap Liabilities And Stockholders Equity
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1156700000 USD
CY2015Q3 us-gaap Liabilities Fair Value Disclosure Recurring
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7154000 USD
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377849000 USD
CY2015Q3 us-gaap Liabilities Noncurrent
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368884000 USD
CY2015Q3 us-gaap Line Of Credit Facility Current Borrowing Capacity
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200000000 USD
CY2014Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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200000000 USD
CY2014Q2 us-gaap Lines Of Credit Current
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0 USD
CY2014Q2 us-gaap Loans Payable
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255000000 USD
CY2014Q4 us-gaap Loans Payable To Bank
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242250000 USD
CY2015Q3 us-gaap Loans Payable To Bank
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223125000 USD
CY2014Q4 us-gaap Loans Payable To Bank Current
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25500000 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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25500000 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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110000000 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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55800000 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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25500000 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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25500000 USD
CY2014Q4 us-gaap Long Term Loans From Bank
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216750000 USD
CY2015Q3 us-gaap Long Term Loans From Bank
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197625000 USD
CY2015Q3 us-gaap Loss Contingency Damages Sought Value
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37000000 USD
CY2014Q3 us-gaap Marketable Securities Gain Loss
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us-gaap Marketable Securities Gain Loss
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3983000 USD
CY2015Q3 us-gaap Marketable Securities Gain Loss
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-4292000 USD
us-gaap Marketable Securities Gain Loss
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-5526000 USD
CY2014Q3 us-gaap Marketing And Advertising Expense
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3271000 USD
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
9668000 USD
CY2015Q3 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
3310000 USD
us-gaap Marketing And Advertising Expense
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10285000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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44000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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133000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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-115889000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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-119024000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-9779000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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111690000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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152223000 USD
CY2014Q3 us-gaap Net Income Loss
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37560000 USD
us-gaap Net Income Loss
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109623000 USD
CY2015Q3 us-gaap Net Income Loss
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44131000 USD
us-gaap Net Income Loss
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122197000 USD
CY2014Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
595000 USD
CY2015Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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5000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
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620000 USD
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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36093000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
105289000 USD
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
42440000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
117360000 USD
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
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36093000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
105289000 USD
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
42440000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
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117360000 USD
CY2014Q3 us-gaap Noninterest Expense Distribution And Servicing Fees
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53487000 USD
us-gaap Noninterest Expense Distribution And Servicing Fees
NoninterestExpenseDistributionAndServicingFees
156877000 USD
CY2015Q3 us-gaap Noninterest Expense Distribution And Servicing Fees
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58823000 USD
us-gaap Noninterest Expense Distribution And Servicing Fees
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166376000 USD
CY2014Q3 us-gaap Nonoperating Income Expense
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-1372000 USD
us-gaap Nonoperating Income Expense
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881000 USD
CY2015Q3 us-gaap Nonoperating Income Expense
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-4036000 USD
us-gaap Nonoperating Income Expense
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-5111000 USD
CY2014Q4 us-gaap Nonredeemable Noncontrolling Interest
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158000 USD
CY2015Q3 us-gaap Nonredeemable Noncontrolling Interest
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1933000 USD
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8241000 USD
us-gaap Occupancy Net
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22442000 USD
CY2015Q3 us-gaap Occupancy Net
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6552000 USD
us-gaap Occupancy Net
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20115000 USD
CY2014Q3 us-gaap Operating Income Loss
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60828000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
176315000 USD
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
74244000 USD
us-gaap Operating Income Loss
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202561000 USD
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0 USD
CY2015Q3 us-gaap Other Additional Capital
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5000 USD
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3821000 USD
CY2015Q3 us-gaap Other Assets Current
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3416000 USD
CY2014Q4 us-gaap Other Assets Fair Value Disclosure
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45000 USD
CY2015Q3 us-gaap Other Assets Fair Value Disclosure
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59000 USD
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25979000 USD
CY2015Q3 us-gaap Other Assets Noncurrent
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22540000 USD
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2015Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-210000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
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42000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-117000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-1883000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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780000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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2654000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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-691000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
0 USD
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OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
14000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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-85000 USD
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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0 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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42000 USD
CY2014Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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466000 USD
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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us-gaap Other Expenses
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3078000 USD
us-gaap Other Expenses
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12574000 USD
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OtherIncome
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us-gaap Other Income
OtherIncome
3474000 USD
CY2015Q3 us-gaap Other Income
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950000 USD
CY2014Q4 us-gaap Other Intangible Assets Net
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6040000 USD
CY2015Q3 us-gaap Other Intangible Assets Net
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15845000 USD
CY2014Q4 us-gaap Other Liabilities Fair Value Disclosure
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2404000 USD
CY2015Q3 us-gaap Other Liabilities Fair Value Disclosure
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2778000 USD
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20250000 USD
CY2015Q3 us-gaap Other Liabilities Noncurrent
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19052000 USD
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us-gaap Other Nonoperating Income Expense
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CY2015Q3 us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
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CY2014Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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1467000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
4334000 USD
CY2015Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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1691000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
4837000 USD
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us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
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us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
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us-gaap Payments For Commissions
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us-gaap Payments For Commissions
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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37106000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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0 USD
us-gaap Payments Of Dividends Common Stock
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78691000 USD
us-gaap Payments Of Dividends Common Stock
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78607000 USD
us-gaap Payments To Acquire Available For Sale Securities
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us-gaap Payments To Acquire Available For Sale Securities
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2692000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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9697000 USD
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CY2015Q3 us-gaap Prepaid Expense Current
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9309000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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577000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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99000 USD
us-gaap Proceeds From Minority Shareholders
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11092000 USD
us-gaap Proceeds From Minority Shareholders
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16209000 USD
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us-gaap Proceeds From Payments For Other Financing Activities
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0 USD
us-gaap Proceeds From Payments For Trading Securities
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us-gaap Proceeds From Payments For Trading Securities
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CY2014Q3 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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45400000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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87117000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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1000 USD
CY2014Q3 us-gaap Professional Fees
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us-gaap Professional Fees
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24502000 USD
CY2015Q3 us-gaap Professional Fees
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7823000 USD
us-gaap Professional Fees
ProfessionalFees
22990000 USD
CY2014Q3 us-gaap Profit Loss
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37259000 USD
us-gaap Profit Loss
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110218000 USD
CY2015Q3 us-gaap Profit Loss
ProfitLoss
44136000 USD
us-gaap Profit Loss
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122817000 USD
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36458000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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1700000 USD
us-gaap Reclassification From Aoci Current Period Tax
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95000 USD
us-gaap Reclassification From Aoci Current Period Tax
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CY2014Q4 us-gaap Redeemable Noncontrolling Interest Equity Other Fair Value
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3697000 USD
CY2015Q3 us-gaap Redeemable Noncontrolling Interest Equity Other Fair Value
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8611000 USD
us-gaap Repayments Of Bank Debt
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27625000 USD
us-gaap Repayments Of Bank Debt
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19125000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
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505394000 USD
CY2015Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
536607000 USD
CY2014Q3 us-gaap Revenues
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216915000 USD
us-gaap Revenues
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641392000 USD
CY2015Q3 us-gaap Revenues
Revenues
234321000 USD
us-gaap Revenues
Revenues
682970000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
16620000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
17355000 USD
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
378637 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
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us-gaap Stock Issued During Period Value Share Based Compensation
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us-gaap Basis Of Accounting
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-style:italic;"></font><font style="font-family:inherit;font-size:12pt;color:#000000;font-style:italic;text-decoration:none;">Basis of Presentation</font><font style="font-family:inherit;font-size:12pt;font-style:italic;"> </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The interim Consolidated Financial Statements of Federated Investors, Inc. and its consolidated subsidiaries (collectively, Federated) included herein have been prepared in accordance with U.S. generally accepted accounting principles (GAAP). In the opinion of management, the financial statements reflect all adjustments that are of a normal recurring nature and necessary for a fair presentation of the results for the interim periods presented.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In preparing the financial statements, management is required to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying notes. Actual results may differ from those estimates, and such differences may be material to the Consolidated Financial Statements. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">These financial statements should be read in conjunction with Federated&#8217;s Annual Report on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;">. Certain items previously reported have been reclassified to conform with the current period&#8217;s presentation.</font></div></div>
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"> </font><font style="font-family:inherit;font-size:11pt;">Accounting for Fees Paid in a Cloud Computing Arrangement</font><font style="font-family:inherit;font-size:11pt;"> </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On April&#160;15, 2015, the FASB issued as final, ASU 2015-05, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer&#8217;s Accounting for Fees Paid in a Cloud Computing Arrangement. This update provides guidance about whether a cloud computing arrangement includes a software license. The update is effective for annual reporting periods, including interim periods within those annual periods, beginning after December&#160;15, 2015. Early adoption is permitted. The update allows for the use of either a prospective or retrospective adoption approach. Management anticipates electing the prospective method of adoption and is currently evaluating the potential impact of adoption on Federated's Consolidated Financial Statements.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"></font></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"></font><font style="font-family:inherit;font-size:11pt;">Disclosure of Investments in Certain Entities that Calculate Net Asset Value per Share</font><font style="font-family:inherit;font-size:11pt;"> </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On May&#160;1, 2015, the FASB issued as final, ASU 2015-07, Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value (NAV) per Share (or Its Equivalent). This update requires that all investments for which fair value is measured using the net asset value per share practical expedient be excluded from the fair value hierarchy and modifies certain disclosure requirements. The update is effective for interim and annual reporting periods in fiscal years beginning after December&#160;15, 2015, and early adoption is permitted. The update requires the retrospective adoption approach. Management does not expect this update to have a material impact on Federated's Consolidated Financial Statements.</font></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"></font><font style="font-family:inherit;font-size:11pt;">Consolidation</font><font style="font-family:inherit;font-size:11pt;"> </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On February&#160;18, 2015, the FASB issued as final, ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis, which affects reporting organizations' evaluation of whether they should consolidate certain legal entities. The update is effective for interim and annual reporting periods in fiscal years beginning after December&#160;15, 2015. Early adoption is permitted, including adoption in an interim period. The update allows for the use of either a full retrospective or a modified retrospective adoption approach. Management is currently evaluating the available transition methods and the potential impact of adoption on Federated's Consolidated Financial Statements.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"></font></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"></font><font style="font-family:inherit;font-size:11pt;">Revenue Recognition</font><font style="font-family:inherit;font-size:11pt;"> </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On May 28, 2014, the Financial Accounting Standards Board (FASB) issued as final, Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606) which supersedes virtually all existing revenue recognition guidance under GAAP. The update's core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. On July 9, 2015, the FASB approved a one-year deferral of the effective date of the update, and issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, on August 12, 2015. The update is effective for interim and annual reporting periods in fiscal years beginning after December&#160;15, 2017. Early adoption is now permitted as of the original effective date (interim and annual reporting periods in fiscal years beginning after December&#160;15, 2016). The update allows for the use of either the retrospective or modified retrospective approach of adoption. Management is currently evaluating the available transition methods and the potential impact of adoption on Federated's Consolidated Financial Statements. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"></font></div></div>

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