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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

Schedule of 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 at December 31:

(in thousands)									Level 1						Level 2						Level 3												Total
2020
Financial Assets
Cash and Cash Equivalents									$	301,819					$	0					$	0											$	301,819
Investments—Consolidated Investment Companies									13,622						77,737						0												91,359
Investments—Affiliates and Other									40,010						5,247						336												45,593
Other1									9,188						5,143						0												14,331
Total Financial Assets									$	364,639					$	88,127					$	336											$	453,102
Total Financial Liabilities2									$	0					$	89					$	12,896											$	12,985
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, security deposits and a derivative asset as of December 31, 2020 and a derivative asset and security deposits for December 31, 2019.

2    Amounts primarily consist of acquisition-related future contingent consideration liabilities.

Schedule of 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 business combinations/asset acquisitions:

(in thousands)
Balance at December 31, 2019						$	2,081
New Acquisitions1						8,201
Changes in Fair Value						4,448
Contingent Consideration Payments						(1,834)
Balance at December 31, 2020						$	12,896

1    Represents the fair value of the contingent payment liability recorded in connection with new acquisitions accounted for as business combinations.

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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
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-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258

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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/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

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