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Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2021
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:
(in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  |  |  | Total
September 30, 2021 |  |  |  |  |  |  |  |  |  |
Financial Assets |  |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents |  | $ | 201,692 |  |  | $ | 0 |  |  | $ | 0 |  |  |  |  | $ | 201,692 |
Investments—Consolidated Investment Companies |  | 28,955 |  |  | 25,120 |  |  | 0 |  |  |  |  | 54,075 |
Investments—Affiliates and Other |  | 83,656 |  |  | 5,343 |  |  | 319 |  |  |  |  | 89,318 |
Other 1 |  | 7,095 |  |  | 2 |  |  | 0 |  |  |  |  | 7,097 |
Total Financial Assets |  | $ | 321,398 |  |  | $ | 30,465 |  |  | $ | 319 |  |  |  |  | $ | 352,182 |
Total Financial Liabilities 2 |  | $ | 71 |  |  | $ | 2,099 |  |  | $ | 11,856 |  |  |  |  | $ | 14,026 |
December 31, 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 |
Other 1 |  | 9,188 |  |  | 5,143 |  |  | 0 |  |  |  |  | 14,331 |
Total Financial Assets |  | $ | 364,639 |  |  | $ | 88,127 |  |  | $ | 336 |  |  |  |  | $ | 453,102 |
Total Financial Liabilities 2 |  | $ | 0 |  |  | $ | 89 |  |  | $ | 12,896 |  |  |  |  | $ | 12,985 |
1 Amounts primarily consist o f restricted cash and security deposits as of September 30, 2021 and restricted cash, security deposits and derivative assets as of December 31, 2020. 2 Amounts primarily consist of acquisition-related future contingent consideration liabilities and derivative liabilities as of September 30, 2021 and acquisition-related future contingent consideration liabilities as of December 31, 2020.
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, 2020 |  | $ | 12,896 |
Changes in Fair Value |  | 1,206 |
Contingent Consideration Payments |  | (2,246) |
Balance at September 30, 2021 |  | $ | 11,856 |

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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=123874694&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=123874694&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=123874694&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=123874694&loc=d3e19207-110258 + Details
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