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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current Assets    
Cash and Cash Equivalents $ 342,757 $ 336,782
Prepaid Expenses 29,209 27,004
Other Current Assets 6,456 8,264
Total Current Assets 694,348 651,031
Long-Term Assets    
Goodwill 806,674 800,417
Intangible Assets, net of accumulated amortization of $56,959 and $47,650, respectively 415,112 409,157
Property and Equipment, net of accumulated depreciation of $119,924 and $119,640, respectively 31,464 35,743
Right-of-Use Assets, net 80,787 92,860
Other Long-Term Assets 31,358 31,271
Total Long-Term Assets 1,365,395 1,369,448
Total Assets 2,059,743 2,020,479
Current Liabilities    
Accounts Payable and Accrued Expenses 82,246 73,901
Accrued Compensation and Benefits 99,940 149,760
Lease Liabilities 19,057 18,394
Other Current Liabilities 33,253 15,358
Total Current Liabilities 234,496 257,413
Long-Term Liabilities    
Long-Term Debt 347,711 347,581
Long-Term Deferred Tax Liability, net 180,431 180,410
Long-Term Lease Liabilities 73,274 86,809
Other Long-Term Liabilities 31,963 40,753
Total Long-Term Liabilities 633,379 655,553
Total Liabilities 867,875 912,966
Commitments and Contingencies (Note (17))
TEMPORARY EQUITY    
Redeemable Noncontrolling Interests in Subsidiaries 58,012 61,821
Federated Hermes, Inc. Shareholders’ Equity    
Retained Earnings 1,098,147 1,015,589
Treasury Stock, at Cost, 11,215,316 and 10,229,521 Shares Class B Common Stock, respectively (403,501) (365,363)
Accumulated Other Comprehensive Income (Loss), net of tax (21,579) (45,676)
Total Permanent Equity 1,133,856 1,045,692
Total Liabilities, Temporary Equity and Permanent Equity 2,059,743 2,020,479
Consolidated Investment Companies    
Current Assets    
Investments 108,426 108,448
Affiliates    
Current Assets    
Investments 69,625 76,524
Receivables 61,469 35,941
Nonrelated Party    
Current Assets    
Receivables 76,406 58,068
Class A    
Federated Hermes, Inc. Shareholders’ Equity    
Common Stock 189 189
Class B    
Federated Hermes, Inc. Shareholders’ Equity    
Common Stock $ 460,600 $ 440,953