Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

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
March 31, 2020
Financial Assets
Cash and Cash Equivalents	$	308,349	$	0	$	0	$	308,349
Investments—Consolidated Investment Companies
Equity Securities	6,266		12,169		0		18,435
Debt Securities	0		28,727		0		28,727
Investments—Affiliates and Other
Equity Securities	20,662		75		31		20,768
Debt Securities	0		4,431		300		4,731
Other1	8,666		244		0		8,910
Total Financial Assets	$	343,943	$	45,646	$	331	$	389,920
Total Financial Liabilities2	$	557	$	1,418	$	11,725	$	13,700
December 31, 2019
Financial Assets
Cash and Cash Equivalents	$	249,174	$	0	$	0	$	249,174
Investments—Consolidated Investment Companies
Equity Securities	7,245		18,383		0		25,628
Debt Securities	0		38,898		0		38,898
Investments—Affiliates and Other
Equity Securities	23,667		335		12		24,014
Debt Securities	0		2,610		311		2,921
Other1	2,901		3,177		0		6,078
Total Financial Assets	$	282,987	$	63,403	$	323	$	346,713
Total Financial Liabilities2	$	6	$	0	$	2,081	$	2,087

1 Amounts primarily consist of restricted cash and security deposits as of March 31, 2020 and a derivative asset and security deposits as of December 31, 2019.

2

Amounts primarily consist of acquisition-related future contingent consideration liabilities and derivative liabilities.

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 acquisitions:

	Three Months Ended
	March 31,
(in thousands)	2020			2019
Beginning Balance	$	2,081		$	346
New Acquisition1	11,429			0
Changes in Fair Value	49			414
Contingent Consideration Payments	(1,834		)	(228		)
Ending Balance	$	11,725		$	532

1 Amounts include the preliminary fair value of the contingent payment liability recorded in connection with new acquisitions.