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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2015

Fair Value Disclosures [Abstract]

Classes of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents fair value measurements for classes of Federated's financial assets and liabilities measured at fair value on a recurring basis at December 31:

		2015																2014
		Fair Value Measurements Using																Fair Value Measurements Using
in thousands		Level 1				Level 2				Level 3				Total				Level 1				Level 2				Level 3				Total
Financial Assets
Cash and cash equivalents		$	172,628			$	0			$	0			$	172,628			$	115,267			$	0			$	0			$	115,267
Available-for-sale equity securities		117,422				24,326				0				141,748				119,435				23,755				0				143,190
Trading securities – equity		15,900				7,498				0				23,398				17,553				13,840				0				31,393
Trading securities – debt		0				9,041				0				9,041				0				7,488				0				7,488
Other1		4				17				910				931				31				14				0				45
Total financial assets		$	305,954			$	40,882			$	910			$	347,746			$	252,286			$	45,097			$	0			$	297,383
Financial Liabilities
Acquisition-related future consideration liabilities		0				0				2,161				2,161				0				0				1,909				1,909
Other2		2,681				59				469				3,209				1,979				425				0				2,404
Total financial liabilities		$	2,681			$	59			$	2,630			$	5,370			$	1,979			$	425			$	1,909			$	4,313

1 Amounts include structured trade finance loans held by Federated as well as futures contracts and/or foreign currency forward contracts held within certain consolidated sponsored investment companies.

2 Amounts include investments sold short, foreign currency forward contracts and/or futures contracts held within certain consolidated sponsored investment companies, as well as certain liabilities attributable to structured trade finance loans held by Federated and Federated's interest rate Swap that expired on April 1, 2015.

Reconciliation of the beginning and ending fair value measurements of a Level 3 financial liability

The following table presents a reconciliation of the beginning and ending balances for Federated's liability for future consideration payments related to these acquisitions for each year presented:

in thousands	2015				2014				2013
Beginning balance	$	1,909			$	6,489			$	11,759
New acquisition adjustment1	2,090				0				330
Changes in fair value2	415				(1,589		)		(941		)
Contingent consideration payments	(2,253		)		(2,991		)		(4,659		)
Ending balance	$	2,161			$	1,909			$	6,489

1 Amounts include the preliminary fair value estimate of the contingent payment liability recorded in connection with new acquisitions or the revision thereof upon finalization of the valuation process related to initial purchase accounting.

2 Amounts were included as Operating Expenses – Other on the Consolidated Statements of Income.

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- References

No definition available.

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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19279-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258

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