XML 43 R33.htm IDEA: XBRL DOCUMENT
v3.20.2

Fair Value Measurements (Tables) | 6 Months Ended
--- | ---
Jun. 30, 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 Federated Hermes' financial assets and liabilities measured at fair value on a recurring basis:
(in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
June 30, 2020 |  |  |  |  |  |  |  |
Financial Assets |  |  |  |  |  |  |  |
Cash and Cash Equivalents |  | $ | 277,840 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 277,840 |
Investments—Consolidated Investment Companies |  | 9,197 |  |  | 45,810 |  |  | 0 |  |  | 55,007 |
Investments—Affiliates and Other |  | 34,062 |  |  | 5,364 |  |  | 330 |  |  | 39,756 |
Other1 |  | 8,537 |  |  | 54 |  |  | 0 |  |  | 8,591 |
Total Financial Assets |  | $ | 329,636 |  |  | $ | 51,228 |  |  | $ | 330 |  |  | $ | 381,194 |
Total Financial Liabilities2 |  | $ | 45 |  |  | $ | 1,261 |  |  | $ | 9,785 |  |  | $ | 11,091 |
December 31, 2019 |  |  |  |  |  |  |  |
Financial Assets |  |  |  |  |  |  |  |
Cash and Cash Equivalents |  | $ | 249,174 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 249,174 |
Investments—Consolidated Investment Companies |  | 7,245 |  |  | 57,281 |  |  | 0 |  |  | 64,526 |
Investments—Affiliates and Other |  | 23,667 |  |  | 2,945 |  |  | 323 |  |  | 26,935 |
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 June 30, 2020 and a derivative asset and security deposits as of December 31, 2019.
2 Amounts primarily consist of acquisition-related future contingent consideration 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:
(in thousands) |  |
Balance at December 31, 2019 |  | $ | 2,081 |
New Acquisition1 |  | 8,201 |
Changes in Fair Value |  | 1,337 |
Contingent Consideration Payments |  | (1,834 | )
Balance at June 30, 2020 |  | $ | 9,785 |
1 | Amounts include the preliminary fair value of the contingent payment liability recorded in connection with new acquisitions.

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration