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Equity
 6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Equity Equity In December 2021, the board of directors authorized a share repurchase program with no stated expiration date that allows the repurchase of up to 7.5 million shares of Class B common stock. In June 2022, the board of directors authorized a share repurchase program with no stated expiration date that allows the repurchase of up to 5.0 million shares of Class B common stock. No other programs existed as of June 30, 2022. The programs authorize executive management to determine the timing and the amount of shares for each purchase. The repurchased stock is to be held in treasury for employee share-based compensation plans, potential acquisitions and other corporate activities, unless Federated Hermes’ board of directors subsequently determines to retire the repurchased stock and restore the shares to authorized but unissued status (rather than holding the shares in treasury). During the six months ended June 30, 2022, Federated Hermes repurchased approximately 5.9 million shares of its Class B common stock for $192.1 million, nearly all of which were repurchased in the open market. At June 30, 2022, approximately 5.2 million shares remain available to be repurchased under these share repurchase programs.
The following table presents the activity for the Class B common stock and Treasury stock for the three and six months ended June 30, 2022 and 2021. Class A shares have been excluded as there was no activity during these same periods.
 Three Months EndedSix Months Ended
June 30,June 30,
2022202120222021
Class B Shares
Beginning Balance92,063,593 98,539,367 93,410,968 99,331,443 
Stock Award Activity 12,050 11,750 1,704,592 724,674 
Purchase of Treasury Stock(2,877,691)(993,100)(5,917,608)(2,498,100)
Ending Balance89,197,952 97,558,017 89,197,952 97,558,017 
Treasury Shares
Beginning Balance17,441,863 10,966,089 16,094,488 10,174,013 
Stock Award Activity (12,050)(11,750)(1,704,592)(724,674)
Purchase of Treasury Stock2,877,691 993,100 5,917,608 2,498,100 
Ending Balance20,307,504 11,947,439 20,307,504 11,947,439 
Redeemable Noncontrolling Interests in Subsidiaries
The following table presents the changes in Redeemable Noncontrolling Interests in Subsidiaries:
(in thousands)Consolidated Investment CompaniesFHL and other entitiesTotal
Balance at December 31, 2021$24,659 $38,543 $63,202 
Net Income (Loss)(1,744)478 (1,266)
Other Comprehensive Income (Loss), net of tax0 (457)(457)
Subscriptions—Redeemable Noncontrolling Interest Holders29,577 763 30,340 
Consolidation/(Deconsolidation)(16,034)0 (16,034)
Stock Award Activity0 707 707 
Distributions to Noncontrolling Interests in Subsidiaries(771)(3,568)(4,339)
Change in Estimated Redemption Value of Redeemable Noncontrolling Interests in FHL0 14,221 14,221 
Acquisition of Additional Equity of FHL0 (37,805)(37,805)
Balance at March 31, 2022$35,687 $12,882 $48,569 
Net Income (Loss)(7,616)717 (6,899)
Other Comprehensive Income (Loss), net of tax0 (1,068)(1,068)
Subscriptions—Redeemable Noncontrolling Interest Holders14,977 337 15,314 
Distributions to Noncontrolling Interests in Subsidiaries(1,024)(161)(1,185)
Balance at June 30, 2022$42,024 $12,707 $54,731 
(in thousands)Consolidated Investment CompaniesFHL and other entitiesTotal
Balance at December 31, 2020$24,246 $212,741 $236,987 
Net Income (Loss)(1,091)953 (138)
Other Comprehensive Income (Loss), net of tax0 1,430 1,430 
Subscriptions—Redeemable Noncontrolling Interest Holders25,762 0 25,762 
Consolidation/(Deconsolidation)(25,419)9,182 (16,237)
Stock Award Activity0 2,481 2,481 
Distributions to Noncontrolling Interests in Subsidiaries(1,320)(578)(1,898)
Change in Estimated Redemption Value of Redeemable Noncontrolling Interests in FHL0 (2,670)(2,670)
Balance at March 31, 2021$22,178 $223,539 $245,717 
Net Income (Loss)682 (3,087)(2,405)
Other Comprehensive Income (Loss), net of tax0 868 868 
Subscriptions—Redeemable Noncontrolling Interest Holders899,250 712 899,962 
Consolidation/(Deconsolidation)(894,175)0 (894,175)
Stock Award Activity0 2,518 2,518 
Distributions to Noncontrolling Interests in Subsidiaries(622)(394)(1,016)
Balance at June 30, 2021$27,313 $224,156 $251,469 
The activity in 2021 includes $892.1 million of contributions from noncontrolling interests in subsidiaries as a result of a purchase-in-kind investment into a previously consolidated VRE. This was a noncash transaction and was therefore excluded from the Consolidated Statements of Cash Flows.