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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and Cash Equivalents $ 359,782 $ 383,180
Prepaid Expenses 34,072 29,739
Other Current Assets 6,127 5,900
Total Current Assets 719,656 720,729
Long-Term Assets    
Goodwill 805,925 807,156
Intangible Assets, net of accumulated amortization of $66,747 and $64,112, respectively 404,148 409,449
Property and Equipment, net of accumulated depreciation of $121,187 and $119,852, respectively 28,621 30,711
Right-of-Use Assets, net 95,556 99,265
Other Long-Term Assets 33,066 34,534
Total Long-Term Assets 1,367,316 1,381,115
Total Assets 2,086,972 2,101,844
Current Liabilities    
Accounts Payable and Accrued Expenses 88,403 88,290
Accrued Compensation and Benefits 66,452 158,392
Lease Liabilities 16,114 16,283
Income Taxes Payable 23,804 142
Other Current Liabilities 17,726 24,236
Total Current Liabilities 212,499 287,343
Long-Term Liabilities    
Long-Term Debt 347,909 347,843
Long-Term Deferred Tax Liability, net 188,616 186,292
Long-Term Lease Liabilities 89,593 93,816
Other Long-Term Liabilities 27,798 32,453
Total Long-Term Liabilities 653,916 660,404
Total Liabilities 866,415 947,747
Commitments and Contingencies (Note (17))
TEMPORARY EQUITY    
Redeemable Noncontrolling Interests in Subsidiaries 73,130 25,845
Federated Hermes, Inc. Shareholders’ Equity    
Additional Paid-In Capital from Treasury Stock Transactions 0 2
Retained Earnings 1,234,931 1,194,561
Treasury Stock, at Cost, 15,355,480 and 14,664,467 Shares Class B Common Stock, respectively (547,623) (521,403)
Accumulated Other Comprehensive Income (Loss), net of tax (25,146) (19,911)
Total Permanent Equity 1,147,427 1,128,252
Total Liabilities, Temporary Equity and Permanent Equity 2,086,972 2,101,844
Investments—Consolidated Investment Companies    
Current Assets    
Investments 123,912 70,543
Affiliates    
Current Assets    
Investments 74,838 106,952
Receivables 49,277 48,694
Receivables, net of reserve of $21 and $21, respectively    
Current Assets    
Receivables 71,648 75,721
Class A    
Federated Hermes, Inc. Shareholders’ Equity    
Common Stock 189 189
Class B    
Federated Hermes, Inc. Shareholders’ Equity    
Common Stock $ 485,076 $ 474,814