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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and Cash Equivalents $ 307,433 $ 383,180
Prepaid Expenses 37,911 29,739
Other Current Assets 5,953 5,900
Total Current Assets 613,301 720,729
Long-Term Assets    
Goodwill 806,069 807,156
Intangible Assets, net of accumulated amortization of $70,045 and $64,112, respectively 335,554 409,449
Property and Equipment, net of accumulated depreciation of $122,372 and $119,852, respectively 32,170 30,711
Right-of-Use Assets, net 92,464 99,265
Other Long-Term Assets 31,949 34,534
Total Long-Term Assets 1,298,206 1,381,115
Total Assets 1,911,507 2,101,844
Current Liabilities    
Accounts Payable and Accrued Expenses 92,564 88,290
Accrued Compensation and Benefits 93,153 158,392
Lease Liabilities 16,437 16,283
Other Current Liabilities 21,226 24,378
Total Current Liabilities 223,380 287,343
Long-Term Liabilities    
Long-Term Debt 347,974 347,843
Long-Term Deferred Tax Liability, net 181,403 186,292
Long-Term Lease Liabilities 85,748 93,816
Other Long-Term Liabilities 25,486 32,453
Total Long-Term Liabilities 640,611 660,404
Total Liabilities 863,991 947,747
Commitments and Contingencies (Note (17))
TEMPORARY EQUITY    
Redeemable Noncontrolling Interests in Subsidiaries 30,491 25,845
Federated Hermes, Inc. Shareholders’ Equity    
Additional Paid-In Capital from Treasury Stock Transactions 0 2
Retained Earnings 1,145,844 1,194,561
Treasury Stock, at Cost, 16,905,080 and 14,664,467 Shares Class B Common Stock, respectively (595,592) (521,403)
Accumulated Other Comprehensive Income (Loss), net of tax (24,620) (19,911)
Total Permanent Equity 1,017,025 1,128,252
Total Liabilities, Temporary Equity and Permanent Equity 1,911,507 2,101,844
Investments—Consolidated Investment Companies    
Current Assets    
Investments 72,847 70,543
Affiliates    
Current Assets    
Investments 72,599 106,952
Receivables 44,472 48,694
Receivables, net of reserve of $21 and $21, respectively    
Current Assets    
Receivables 72,086 75,721
Class A    
Federated Hermes, Inc. Shareholders’ Equity    
Common Stock 189 189
Class B    
Federated Hermes, Inc. Shareholders’ Equity    
Common Stock $ 491,204 $ 474,814