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Fair Value Measurements (Tables) | 3 Months Ended
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Mar. 31, 2020
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 Hermes' financial assets and liabilities measured at fair value on a recurring basis:
(in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
March 31, 2020 |  |  |  |  |  |  |  |
Financial Assets |  |  |  |  |  |  |  |
Cash and Cash Equivalents |  | $ | 308,349 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 308,349 |
Investments—Consolidated Investment Companies |  |  |  |  |  |  |  |
Equity Securities |  | 6,266 |  |  | 12,169 |  |  | 0 |  |  | 18,435 |
Debt Securities |  | 0 |  |  | 28,727 |  |  | 0 |  |  | 28,727 |
Investments—Affiliates and Other |  |  |  |  |  |  |  |
Equity Securities |  | 20,662 |  |  | 75 |  |  | 31 |  |  | 20,768 |
Debt Securities |  | 0 |  |  | 4,431 |  |  | 300 |  |  | 4,731 |
Other1 |  | 8,666 |  |  | 244 |  |  | 0 |  |  | 8,910 |
Total Financial Assets |  | $ | 343,943 |  |  | $ | 45,646 |  |  | $ | 331 |  |  | $ | 389,920 |
Total Financial Liabilities2 |  | $ | 557 |  |  | $ | 1,418 |  |  | $ | 11,725 |  |  | $ | 13,700 |
December 31, 2019 |  |  |  |  |  |  |  |
Financial Assets |  |  |  |  |  |  |  |
Cash and Cash Equivalents |  | $ | 249,174 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 249,174 |
Investments—Consolidated Investment Companies |  |  |  |  |  |  |  |
Equity Securities |  | 7,245 |  |  | 18,383 |  |  | 0 |  |  | 25,628 |
Debt Securities |  | 0 |  |  | 38,898 |  |  | 0 |  |  | 38,898 |
Investments—Affiliates and Other |  |  |  |  |  |  |  |
Equity Securities |  | 23,667 |  |  | 335 |  |  | 12 |  |  | 24,014 |
Debt Securities |  | 0 |  |  | 2,610 |  |  | 311 |  |  | 2,921 |
Other1 |  | 2,901 |  |  | 3,177 |  |  | 0 |  |  | 6,078 |
Total Financial Assets |  | $ | 282,987 |  |  | $ | 63,403 |  |  | $ | 323 |  |  | $ | 346,713 |
Total Financial Liabilities2 |  | $ | 6 |  |  | $ | 0 |  |  | $ | 2,081 |  |  | $ | 2,087 |
1 | Amounts primarily consist of restricted cash and security deposits as of March 31, 2020 and a derivative asset and security deposits as of December 31, 2019.
2 Amounts primarily consist of acquisition-related future contingent consideration liabilities and derivative liabilities.
Reconciliation of Liability for Future Consideration Payments | The following table presents a reconciliation of the beginning and ending balances for Federated Hermes' liability for future consideration payments related to these acquisitions:
|  | Three Months Ended
|  | March 31,
(in thousands) |  | 2020 |  |  | 2019 |
Beginning Balance |  | $ | 2,081 |  |  | $ | 346 |
New Acquisition1 |  | 11,429 |  |  | 0 |
Changes in Fair Value |  | 49 |  |  | 414 |
Contingent Consideration Payments |  | (1,834 | ) |  | (228 | )
Ending Balance |  | $ | 11,725 |  |  | $ | 532 |
1 | Amounts include the preliminary fair value of the contingent payment liability recorded in connection with new acquisitions.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258 + Details
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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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