Federated Hermes (FHI) 10-Q 6 May 20 2020 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2020	May 01, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
Document Transition Report	false
Entity File Number	001-14818
Entity Registrant Name	Federated Hermes, Inc.
Entity Incorporation, State or Country Code	PA
Entity Tax Identification Number	25-1111467
Entity Address, Address Line One	1001 Liberty Avenue
Entity Address, City or Town	Pittsburgh,
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	15222-3779
City Area Code	412
Local Phone Number	288-1900
Title of 12(b) Security	Class B common stock, no par value
Trading Symbol	FHI
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Information [Line Items]
Entity Central Index Key	0001056288
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false
Class A
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		9,000
Class B
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		100,937,543

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current Assets
Cash and Cash Equivalents	$ 308,349	$ 249,174
Investments—Consolidated Investment Companies	47,162	64,526
Investments—Affiliates and Other	25,499	26,935
Receivables, net of reserve of $14 and $14, respectively	49,763	64,492
Receivables—Affiliates	46,550	37,589
Prepaid Expenses	18,643	16,748
Other Current Assets	8,147	1,820
Total Current Assets	504,113	461,284
Long-Term Assets
Goodwill	789,807	774,534
Intangible Assets, net of accumulated amortization of $14,672 and $12,856, respectively	458,746	446,228
Property and Equipment, net of accumulated depreciation of $97,424 and $94,766, respectively	51,464	51,725
Right-of-Use Assets, net	101,298	100,514
Other Long-Term Assets	20,481	45,846
Total Long-Term Assets	1,421,796	1,418,847
Total Assets	1,925,909	1,880,131
Current Liabilities
Accounts Payable and Accrued Expenses	80,625	69,014
Accrued Compensation and Benefits	56,107	137,445
Lease Liabilities	14,785	13,575
Other Current Liabilities	35,709	10,679
Total Current Liabilities	187,226	230,713
Long-Term Liabilities
Long-Term Debt	195,000	100,000
Long-Term Deferred Tax Liability, net	169,397	165,382
Long-Term Lease Liabilities	107,268	107,543
Other Long-Term Liabilities	24,824	23,127
Total Long-Term Liabilities	496,489	396,052
Total Liabilities	683,715	626,765
Commitments and Contingencies (Note (16))
TEMPORARY EQUITY
Redeemable Noncontrolling Interest in Subsidiaries	199,261	212,086
Federated Hermes, Inc. Shareholders' Equity
Retained Earnings	949,209	930,351
Treasury Stock, at Cost, 8,439,747 and 8,375,077 Shares Class B Common Stock, respectively	(280,845)	(281,032)
Accumulated Other Comprehensive Income (Loss), net of tax	(25,108)	(249)
Total Permanent Equity	1,042,933	1,041,280
Total Liabilities, Temporary Equity and Permanent Equity	1,925,909	1,880,131
Class A
Federated Hermes, Inc. Shareholders' Equity
Common Stock	189	189
Class B
Federated Hermes, Inc. Shareholders' Equity
Common Stock	$ 399,488	$ 392,021

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Receivables, reserve	$ 14	$ 14
Intangible Assets, accumulated amortization	14,672	12,856
Property and Equipment, accumulated depreciation	$ 97,424	$ 94,766
Treasury stock, shares (in shares)	8,439,747	8,375,077
Class A
Common stock, no par value (usd per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	20,000	20,000
Common stock, shares issued (in shares)	9,000	9,000
Common stock, shares outstanding (in shares)	9,000	9,000
Class B
Common stock, no par value (usd per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	900,000,000	900,000,000
Common stock, shares issued (in shares)	109,505,456	109,505,456
Common stock, shares outstanding (in shares)	101,065,709	101,130,379

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenue
Total Revenue	$ 359,183	$ 307,050
Operating Expenses
Compensation and Related	115,335	111,216
Distribution	96,160	77,632
Systems and Communications	14,896	12,794
Professional Service Fees	13,268	10,486
Office and Occupancy	11,771	11,362
Advertising and Promotional	4,995	4,190
Travel and Related	3,159	3,848
Other	6,855	4,633
Total Operating Expenses	266,439	236,161
Operating Income	92,744	70,889
Nonoperating Income (Expenses)
Investment Income, net	1,389	1,030
Gain (Loss) on Securities, net	(15,840)	1,679
Debt Expense	(931)	(1,400)
Other, net	8,345	324
Total Nonoperating Income (Expenses), net	(7,037)	1,633
Income Before Income Taxes	85,707	72,522
Income Tax Provision	22,442	17,911
Net Income Including the Noncontrolling Interests in Subsidiaries	63,265	54,611
Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries	(913)	65
Net Income	$ 64,178	$ 54,546
Amounts Attributable to Federated Hermes, Inc.
Earnings Per Common Share—Basic and Diluted (usd per share)	$ 0.63	$ 0.54
Cash Dividends Per Share (usd per share)	$ 0.27	$ 0.27
Investment Advisory Fees, net—Affiliates
Revenue
Total Revenue	$ 183,238	$ 155,607
Investment Advisory Fees, net—Other
Revenue
Total Revenue	57,422	55,592
Administrative Service Fees, net—Affiliates
Revenue
Total Revenue	72,199	54,135
Other Service Fees, net—Affiliates
Revenue
Total Revenue	41,447	38,610
Other Service Fees, net—Other
Revenue
Total Revenue	$ 4,877	$ 3,106

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Net Income Including the Noncontrolling Interests in Subsidiaries	$ 63,265	$ 54,611
Permanent Equity
Foreign Currency Translation Gain (Loss)	(24,859)	7,664
Temporary Equity
Foreign Currency Translation Gain (Loss)	(11,454)	3,714
Other Comprehensive Income (Loss), net of tax	(36,313)	11,378
Comprehensive Income Including the Noncontrolling Interests in Subsidiaries	26,952	65,989
Less: Comprehensive Income (Loss) Attributable to Redeemable Noncontrolling Interest in Subsidiaries	(12,367)	3,779
Comprehensive Income Attributable to Federated Hermes, Inc.	$ 39,319	$ 62,210

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Total	Common Stock	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Income (Loss), net of tax
Balance, beginning of period at Dec. 31, 2018	$ 857,121	$ 367,252	$ 791,823	$ (287,337)	$ (14,617)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)	54,546		54,546
Other Comprehensive Income (Loss), net of tax	7,664				7,664
Stock Award Activity	7,110	7,110	(11,830)	11,830
Dividends Declared	(27,217)		(27,217)
Purchase of Treasury Stock	(1,485)			(1,485)
Balance, end of period at Mar. 31, 2019	897,739	374,362	807,322	(276,992)	(6,953)
Temporary equity, beginning balance at Dec. 31, 2018	182,513
Increase (Decrease) in Temporary Equity [Roll Forward]
Net Income (Loss)	65
Other Comprehensive Income (Loss), net of tax	3,714
Subscriptions—Redeemable Noncontrolling Interest Holders	42
Stock Award Activity	2,126
Distributions to Noncontrolling Interest in Subsidiaries	(2,260)
Temporary equity, ending balance at Mar. 31, 2019	186,200
Balance, beginning of period at Dec. 31, 2019	1,041,280	392,210	930,351	(281,032)	(249)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)	64,178		64,178
Other Comprehensive Income (Loss), net of tax	(24,859)				(24,859)
Stock Award Activity	7,467	7,467	(16,146)	16,146
Dividends Declared	(27,304)		(27,304)
Purchase of Treasury Stock	(15,959)			(15,959)
Change in Estimated Redemption Value of Redeemable Noncontrolling Interests	(1,870)		(1,870)
Balance, end of period at Mar. 31, 2020	1,042,933	$ 399,677	$ 949,209	$ (280,845)	$ (25,108)
Temporary equity, beginning balance at Dec. 31, 2019	212,086
Increase (Decrease) in Temporary Equity [Roll Forward]
Net Income (Loss)	(913)
Other Comprehensive Income (Loss), net of tax	(11,454)
Subscriptions—Redeemable Noncontrolling Interest Holders	5,577
Consolidation (Deconsolidation)	(4,019)
Stock Award Activity	2,153
Distributions to Noncontrolling Interest in Subsidiaries	(6,039)
Change in Estimated Redemption Value of Redeemable Noncontrolling Interests	1,870
Temporary equity, ending balance at Mar. 31, 2020	$ 199,261

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating Activities
Net Income Including the Noncontrolling Interests in Subsidiaries	$ 63,265	$ 54,611
Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities
Amortization of Deferred Sales Commissions	408	592
Depreciation and Other Amortization	6,907	7,221
Share-Based Compensation Expense	7,467	7,110
Subsidiary Share-Based Compensation Expense	2,153	2,126
(Gain) Loss on Disposal of Assets	100	492
Provision (Benefit) for Deferred Income Taxes	2,746	4,696
Net Unrealized (Gain) Loss on Investments	15,748	(2,162)
Net Sales (Purchases) of Investments—Consolidated Investment Companies	3,492	8,136
Other Changes in Assets and Liabilities:
(Increase) Decrease in Receivables, net	8,687	(575)
(Increase) Decrease in Prepaid Expenses and Other Assets	(10,369)	567
Increase (Decrease) in Accounts Payable and Accrued Expenses	(81,461)	(72,337)
Increase (Decrease) in Other Liabilities	10,108	6,282
Net Cash Provided (Used) by Operating Activities	29,251	16,759
Investing Activities
Purchases of Investments—Affiliates and Other	(4,048)	(1,566)
Cash Paid for Business Acquisitions, Net of Cash Acquired	(4,744)	0
Proceeds from Redemptions of Investments—Affiliates and Other	2,192	1,185
Cash Paid for Property and Equipment	(1,557)	(5,060)
Net Cash Provided (Used) by Investing Activities	(8,157)	(5,441)
Financing Activities
Dividends Paid	(27,304)	(27,217)
Purchases of Treasury Stock	(15,000)	(1,485)
Distributions to Noncontrolling Interest in Subsidiaries	(6,039)	(2,260)
Contributions from Noncontrolling Interest in Subsidiaries	5,577	42
Proceeds from New Borrowings	100,000	8,800
Payments on Debt	(5,000)	(13,800)
Other Financing Activities	(1,834)	0
Net Cash Provided (Used) by Financing Activities	50,400	(35,920)
Effect of Exchange Rates on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	(6,486)	2,264
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	65,008	(22,338)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning of Period	249,511	157,426
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, End of Period	314,519	135,088
Less: Restricted Cash Recorded in Other Current Assets	5,863	0
Less: Restricted Cash and Restricted Cash Equivalents Recorded in Other Long-Term Assets	307	603
Cash and Cash Equivalents	$ 308,349	$ 134,485

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Federated Hermes, Inc. and its consolidated subsidiaries (collectively, Federated Hermes ) provides investment advisory, administrative, distribution and other services to various investment products, including sponsored investment companies and other funds ( Federated Hermes Funds ) and Separate Accounts (which include separately managed accounts, institutional accounts, sub-advised funds and other managed products) in both domestic and international markets, as well as stewardship services to various companies and real estate development services . The interim Consolidated Financial Statements of Federated Hermes included herein have been prepared in accordance with U.S. generally accepted accounting principles ( GAAP ). In the opinion of management, the financial statements reflect all adjustments that are of a normal recurring nature and necessary for a fair presentation of the results for the interim periods presented. In preparing the financial statements, management is required to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying notes. Actual results may differ from those estimates, and such differences may be material to the Consolidated Financial Statements. These financial statements should be read in conjunction with Federated Hermes ' Annual Report on Form 10-K for the year ended December 31, 2019

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2020
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Recently Adopted Accounting Guidance Credit Losses On June 16, 2016, the Financial Accounting Standards Board ( FASB ) issued Accounting Standards Update (ASU) 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The amendments in this update replace the incurred loss impairment methodology with a current expected credit loss (CECL) model. CECL requires an entity to estimate lifetime expected credit losses based on relevant information about historical events, current conditions and reasonable and supportable forecasts. Federated Hermes adopted Topic 326 on January 1, 2020 using the modified retrospective adoption method. The adoption did not have a material impact on Federated Hermes ' Consolidated Financial Statements. Fair Value Measurement On August 28, 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement. The amendments in this update remove, modify or add disclosure requirements for fair value measurements to improve the effectiveness of disclosures. Federated Hermes adopted Topic 820 on January 1, 2020 using either the prospective or retrospective adoption method, depending on the amendment. The adoption did not have a material impact on Federated Hermes ' Consolidated Financial Statements. Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement On August 29, 2018, the FASB issued ASU 2018-15, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract (a consensus of the FASB Emerging Issues Task Force). The amendments in this update align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). Federated Hermes adopted this guidance on January 1, 2020 using the prospective adoption method, which did not require the restatement of prior years. The adoption did not have a material impact on Federated Hermes ' Consolidated Financial Statements.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies For a listing of Federated Hermes ' significant accounting policies, please refer to Federated Hermes ' Annual Report on Form 10-K for the year ended December 31, 2019

Business Combinations

Business Combinations	3 Months Ended
	Mar. 31, 2020
Business Combinations [Abstract]
Business Combinations	Business Combinations HCL acquisition On March 5, 2020, Federated Hermes acquired, effective as of March 1, 2020 , 100 percent ownership of HGPE Capital Limited for £15.9 million ( $20.4 million ). The principal activity of HGPE Capital Limited is that of a holding company of an infrastructure and private equity investment management business. As a result of the acquisition of HGPE Capital Limited, Federated Hermes gained control of Hermes GPE LLP (HGPE) (collectively with HGPE Capital Limited, HCL). The addition of London-based HCL provides the opportunity to further accelerate Federated Hermes ' global growth. The HCL acquisition included upfront cash payments that totaled £11.2 million ( $14.3 million ). The transaction also includes contingent purchase price payments payable through December 2024 that were deposited into escrow. The maximum contingent purchase price payments total £4.7 million ( $6.1 million as of March 1, 2020 ), which primarily represents the payment of certain future carried interest when received. As of March 31, 2020 , a liability of $5.9 million , representing the fair value of future consideration payments, was recorded in Other Long-Term Liabilities . Prior to March 1, 2020 , Federated Hermes accounted for its partial ownership interest in HGPE as an equity-method investment recorded in Other Long-Term Assets on the Consolidated Balance Sheets. Management used an independent valuation expert to assist in estimating the fair value of the equity interest in HGPE using primarily the discounted cash flow methodology under the income approach. The acquisition-date fair value of the previous equity interest was $34.5 million . Federated Hermes recognized a gain of $7.5 million as a result of remeasuring the prior equity interest in HGPE held before the business combination and the consolidation of HGPE. The gain is included in Other, net - Nonoperating Income (Expenses) on the Consolidated Statements of Income. Federated Hermes performed a valuation of the fair market value of the HCL acquisition. Due to the timing of the acquisition and the status of the valuation work, the accounting for the business combination is preliminary. The preliminary results of the initial accounting for the business combination are reflected in the Consolidated Financial Statements as of March 31, 2020 and for the three months then ended and represents management's best estimate of fair value of the acquired assets and liabilities. Provisional amounts will be finalized as new information is obtained about facts and circumstances that existed on March 1, 2020 . The final accounting for the business combination may reflect adjustments to the preliminary accounting and such adjustments may be material. The following table summarizes the preliminary purchase price allocation determined as of the purchase date: (in millions) Cash and Cash Equivalents $ 14.0 Other Current Assets 1 11.3 Goodwill 2 19.1 Intangible Assets 3 27.6 Other Long-Term Assets 9.8 Less: Liabilities Acquired (26.9 ) Less: Fair Value of Redeemable Noncontrolling Interest in Subsidiary 4 (34.5 ) Total Purchase Price Consideration $ 20.4 1 Includes $4.6 million of accounts receivable. 2 The goodwill recognized is attributable to enhanced revenue and AUM growth opportunities from future investors and the assembled workforce of HGPE. In this instance, goodwill is not deductible for tax purposes. 3 Includes $20.3 million for rights to manage fund assets for private equity funds with a weighted-average useful life of 9.0 years and $6.9 million for rights to manage fund assets for infrastructure funds with a weighted-average useful life of 11.0 years , all of which are recorded in Intangible Assets, net on the Consolidated Balance Sheets . 4 The fair value of the noncontrolling interest was determined utilizing primarily the discounted cash flow methodology under the income approach. The financial results of HCL have been included in Federated Hermes ' Consolidated Financial Statements from the March 1, 2020 effective date of the HCL acquisition. For the one month ended March 31, 2020 , HCL earned revenue of $2.6 million and net income of $0.3 million (which excludes acquisition-related intangible amortization and does not take into consideration the amounts attributable to the noncontrolling interests). MEPC acquisition Effective January 1, 2020, Hermes Fund Managers Limited ( Hermes ) acquired MEPC Limited ( MEPC ) for £8.6 million ( $11.4 million ). The MEPC acquisition included upfront cash payments of £4.5 million ( $6.0 million ) and contingent purchase price payments of £4.1 million ( $5.4 million ), which were recorded in Other Current Liabilities . As of the date of the MEPC acquisition, Hermes primarily recorded intangible assets of $7.8 million and goodwill of $4.2 million

Revenue from Contracts with Cus

Revenue from Contracts with Customers	3 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Revenue from Contracts with Customers The following table presents Federated Hermes ' revenue disaggregated by asset class: Three Months Ended March 31, (in thousands) 2020 2019 Equity $ 137,290 $ 123,634 Money Market 151,420 117,307 Fixed-Income 46,607 43,677 Other 1 23,866 22,432 Total Revenue $ 359,183 $ 307,050 1 Primarily includes Alternative / Private Markets (including but not limited to private equity, real estate and infrastructure), Multi-Asset and stewardship services revenue. The following table presents Federated Hermes ' revenue disaggregated by performance obligation: Three Months Ended March 31, (in thousands) 2020 2019 Asset Management 1 $ 240,660 $ 211,199 Administrative Services 72,199 54,135 Distribution 2 38,934 36,246 Other 3 7,390 5,470 Total Revenue $ 359,183 $ 307,050 1 The performance obligation may include administrative, distribution and other services recorded as a single asset management fee under Topic 606 , as it is part of a unitary fee arrangement with a single performance obligation. 2 The performance obligation is satisfied at a point in time. A portion of this revenue relates to a performance obligation that has been satisfied in a prior period. 3 Primarily includes shareholder service fees and stewardship services revenue. The following table presents Federated Hermes ' revenue disaggregated by geographical market: Three Months Ended March 31, (in thousands) 2020 2019 Domestic $ 296,362 $ 252,390 Foreign 1 62,821 54,660 Total Revenue $ 359,183 $ 307,050 1 This represents revenue earned by non-U.S. domiciled subsidiaries. The following table presents Federated Hermes ' revenue disaggregated by product type: Three Months Ended March 31, (in thousands) 2020 2019 Federated Hermes Funds $ 296,885 $ 248,352 Separate Accounts 57,421 55,592 Other 1 4,877 3,106 Total Revenue $ 359,183 $ 307,050 1 Primarily includes stewardship services revenue. Federated Hermes is not required to disclose certain estimates of revenue expected to be recorded in future periods as a result of applying the following exemptions: (1) contract terms are short-term in nature (i.e., expected duration of one year or less due to termination provisions) and (2) the expected variable consideration would be allocated entirely to future service periods. Federated Hermes expects to recognize revenue in the future related to the unsatisfied portion of the stewardship services and real estate development performance obligations at March 31, 2020 . Generally, contracts are billed in arrears on a quarterly basis and have a three year duration, after which the customer can terminate the agreement with notice, generally from three to twelve months. Based on existing contracts and the exchange rates as of March 31, 2020 , Federated Hermes may recognize future fixed revenue from these services as presented in the following table: (in thousands) Remainder of 2020 $ 7,147 2021 3,695 2022 1,691 2023 and Thereafter 1,292 Total Remaining Unsatisfied Performance Obligations $ 13,825

Concentration Risk

Concentration Risk	3 Months Ended
	Mar. 31, 2020
Risks and Uncertainties [Abstract]
Concentration Risk	Concentration Risk (a) Revenue Concentration by Asset Class The following table presents Federated Hermes ' revenue concentration by asset class: Three Months Ended March 31, 2020 2019 Equity Assets 38 % 40 % Money Market Assets 43 % 38 % Fixed-Income Assets 13 % 14 % The change in the relative proportion of Federated Hermes ' revenue attributable to money market assets for the three months ended March 31, 2020 , as compared to the same period in 2019 , was primarily the result of a higher proportion of average money market assets to total average assets in 2020 as compared to 2019. (b) Revenue Concentration by Investment Strategy/Fund The following table presents Federated Hermes ' revenue concentration by investment strategy/fund: Three Months Ended March 31, 2020 2019 Federated Government Obligations Fund 12 % 9 % Federated Strategic Value Dividend strategy 1 9 % 11 % 1 Strategy includes Federated Hermes Funds and Separate Accounts . A significant and prolonged decline in the AUM in these strategies/fund could have a material adverse effect on Federated Hermes ' future revenues and, to a lesser extent, net income, due to a related reduction in distribution expenses associated with the Federated Hermes Funds managed in accordance with these strategies/fund. (c) Revenue Concentration by Intermediary Approximately 11% and 12% of Federated Hermes ' total revenue for the three months ended March 31, 2020 and 2019 , respectively, was derived from services provided to one intermediary, The Bank of New York Mellon Corporation, including its Pershing subsidiary. Significant negative changes in Federated Hermes ' relationship with this intermediary could have a material adverse effect on Federated Hermes ' future revenues and, to a lesser extent, net income due to a related reduction in distribution expenses associated with this intermediary.

Consolidation

Consolidation	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidation	Consolidation The Consolidated Financial Statements include the accounts of Federated Hermes , certain Federated Hermes Funds and other entities in which Federated Hermes holds a controlling financial interest. Federated Hermes is involved with various entities in the normal course of business that may be deemed to be voting rights entities ( VRE s) or variable interest entities ( VIE s). From time to time, Federated Hermes invests in Federated Hermes Funds for general corporate investment purposes or, in the case of newly launched products, in order to provide investable cash to establish a performance history. Federated Hermes ' investment in, and/or receivables from, these Federated Hermes Funds represents its maximum exposure to loss. The assets of each consolidated Federated Hermes Fund are restricted for use by the respective Federated Hermes Fund . Generally, neither creditors of, nor equity investors in, the Federated Hermes Funds have any recourse to Federated Hermes ' general credit. Given that the entities follow investment company accounting, which prescribes fair-value accounting, a deconsolidation generally does not result in gains or losses for Federated Hermes . In the ordinary course of business, Federated Hermes may implement Fee Waivers for various Federated Hermes Funds for competitive, regulatory or contractual reasons. For the three months ended March 31, 2020 and 2019 , Fee Waivers totaled $130.5 million and $98.8 million , respectively, of which $100.1 million and $68.1 million , respectively, related to money market funds which meet the scope exception of the consolidation guidance. Like other sponsors of investment companies, Federated Hermes in the ordinary course of business may make capital contributions to certain money market Federated Hermes Funds in connection with the reorganization of such funds into certain affiliated money market Federated Hermes Funds or in connection with the liquidation of a money market Federated Hermes Fund . In these instances, such capital contributions typically are intended to either offset realized losses or other permanent impairments to a fund's net asset value ( NAV ), increase the market-based NAV per share of the fund's portfolio that is being reorganized to equal the market-based NAV per share of the acquiring fund or to bear a portion of expenses relating to a fund liquidation. Under current money fund regulations and Securities and Exchange Commission ( SEC ) guidance, Federated Hermes is required to report these types of capital contributions to U.S. money market mutual funds to the SEC as financial support to the investment company that is being reorganized or liquidated. There were no contributions for the three months ended March 31, 2020 or 2019 . In accordance with Federated Hermes ' consolidation accounting policy, Federated Hermes first determines whether the entity being evaluated is a VRE or a VIE. Once this determination is made, Federated Hermes proceeds with its evaluation of whether to consolidate the entity. The disclosures below represent the results of such evaluations as of March 31, 2020 and December 31, 2019 . (a) Consolidated Voting Rights Entities Most of the Federated Hermes Funds meet the definition of a VRE, which Federated Hermes will consolidate only when it is deemed to have control. Consolidated VREs are reported on Federated Hermes ' Consolidated Balance Sheets primarily in Investments—Consolidated Investment Companies and Redeemable Noncontrolling Interest in Subsidiaries . (b) Consolidated Variable Interest Entities As of March 31, 2020 and December 31, 2019 , Federated Hermes was deemed to be the primary beneficiary of, and therefore consolidated, a Federated Hermes Fund as a result of its controlling financial interest. The following table presents the balances related to the consolidated Federated Hermes Fund VIE that was included on the Consolidated Balance Sheets as well as Federated Hermes ' net interest in the consolidated Federated Hermes Fund VIE for each period presented: (in millions) March 31, 2020 December 31, 2019 Investments—Consolidated Investment Companies $ 6.1 $ 13.3 Other Assets 0.6 0.3 Less: Liabilities 0.1 0.1 Less: Redeemable Noncontrolling Interest in Subsidiaries 3.0 9.3 Federated Hermes' Net Interest in Federated Hermes Fund VIEs $ 3.6 $ 4.2 Federated Hermes ' net interest in the consolidated Federated Hermes Fund VIE represents the value of Federated Hermes ' economic ownership interest in this Federated Hermes Fund . There were no new consolidations or deconsolidations of VIEs during the three months ended March 31, 2020 . (c) Non-Consolidated Variable Interest Entities Federated Hermes ' involvement with certain Federated Hermes Funds that are deemed to be VIEs includes serving as the investment manager, or at times, holding a minority interest or both. Federated Hermes ' variable interest is not deemed to absorb losses or receive benefits that could potentially be significant to the VIE. Therefore, Federated Hermes is not the primary beneficiary of these VIEs and has not consolidated these entities. At March 31, 2020 and December 31, 2019 , Federated Hermes ' variable interest in non-consolidated VIEs was $72.2 million and $111.9 million , respectively, (primarily recorded in Cash and Cash Equivalents on the Consolidated Balance Sheets) and was entirely related to Federated Hermes Fund s. AUM for these non-consolidated Federated Hermes Fund s totaled $6.6 billion and $9.6 billion at March 31, 2020 and December 31, 2019 , respectively. Of the Receivables—Affiliates at March 31, 2020 and December 31, 2019 , $22.4 million and $15.4 million , respectively, related to non-consolidated VIEs and represented Federated Hermes ' maximum risk of loss from non-consolidated VIE receivables.

Investments

Investments	3 Months Ended
	Mar. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Investments	Investments At March 31, 2020 and December 31, 2019 , Federated Hermes held investments in fluctuating-value Federated Hermes Funds of $17.9 million and $20.1 million , respectively, primarily in mutual funds which invest in equity securities. Federated Hermes held investments in Separate Accounts of $7.6 million and $6.8 million at March 31, 2020 and December 31, 2019 , respectively, that were included in Investments—Affiliates and Other on the Consolidated Balance Sheets . Federated Hermes ' investments held in Separate Accounts as of March 31, 2020 and December 31, 2019 , were primarily composed of domestic debt securities ( $4.4 million and $2.6 million , respectively) and stocks of large U.S. and international companies ( $2.4 million and $3.0 million , respectively). Federated Hermes consolidates certain Federated Hermes Funds into its Consolidated Financial Statements as a result of Federated Hermes ' controlling financial interest in these Federated Hermes Funds (see Note (7) ). All investments held by these consolidated Federated Hermes Funds were included in Investments—Consolidated Investment Companies on Federated Hermes ' Consolidated Balance Sheets . Federated Hermes ' investments held by consolidated Federated Hermes Funds as of March 31, 2020 and December 31, 2019 , were primarily composed of domestic and foreign debt securities ( $28.7 million and $38.9 million , respectively) and stocks of large international and U.S. companies ( $15.8 million and $22.6 million , respectively). The following table presents gains and losses recognized in Gain (Loss) on Securities, net on the Consolidated Statements of Income in connection with Federated Hermes ' investments: Three Months Ended March 31, (in thousands) 2020 2019 Investments—Consolidated Investment Companies Unrealized Gains (Losses) $ (10,352 ) $ 1,285 Net Realized Gains (Losses) 1 3 (461 ) Net Gains (Losses) on Investments—Consolidated Investment Companies (10,349 ) 824 Investments—Affiliates and Other Unrealized Gains (Losses) (5,396 ) 877 Net Realized Gains (Losses) 1 (95 ) (22 ) Net Gains (Losses) on Investments—Affiliates and Other (5,491 ) 855 Gain (Loss) on Securities, net $ (15,840 ) $ 1,679 1 Realized gains and losses are computed on a specific-identification basis.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value is the price that would be received to sell an asset or the price that would be paid to transfer a liability as of the measurement date. A fair-value reporting hierarchy exists for disclosure of fair value measurements based on the observability of the inputs to the valuation of financial assets and liabilities. The levels are: Level 1 – Quoted prices for identical instruments in active markets. Level 1 assets may include equity and debt securities that are traded in an active exchange market, including shares of mutual funds. Level 2 – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. Level 2 assets and liabilities may include debt and equity securities, purchased loans and over-the-counter derivative contracts whose fair value is determined using a pricing model without significant unobservable market data inputs. Level 3 – Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable in active markets. NAV Practical Expedient – Investments that calculate NAV per share (or its equivalent) as a practical expedient. These investments have been excluded from the fair value hierarchy. (a) Fair Value Measurements on a 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 Other 1 8,666 244 0 8,910 Total Financial Assets $ 343,943 $ 45,646 $ 331 $ 389,920 Total Financial Liabilities 2 $ 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 Other 1 2,901 3,177 0 6,078 Total Financial Assets $ 282,987 $ 63,403 $ 323 $ 346,713 Total Financial Liabilities 2 $ 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. The following is a description of the valuation methodologies used for financial assets and liabilities measured at fair value on a recurring basis. Federated Hermes did not hold any nonfinancial assets or liabilities measured at fair value on a recurring basis at March 31, 2020 or December 31, 2019 . Cash and Cash Equivalents Cash and Cash Equivalents include deposits with banks and investments in money market funds. Investments in money market funds totaled $245.0 million and $222.1 million at March 31, 2020 and December 31, 2019 , respectively. Cash investments in publicly available money market funds are valued under the market approach through the use of quoted market prices in an active market, which is the NAV of the funds, and are classified within Level 1 of the valuation hierarchy. Investments—Consolidated Investment Companies—Equity Securities Investments—Consolidated Investment Companies—Equity Securities represent equity securities held by consolidated Federated Hermes Funds . For publicly traded equity securities available in an active market, the fair value of these securities is classified as Level 1 when the fair value is based on quoted market prices. The fair value of certain equity securities traded principally in foreign markets and held by consolidated Federated Hermes Funds are determined by a third-party pricing service (Level 2). Investments—Consolidated Investment Companies—Debt Securities Investments—Consolidated Investment Companies—Debt Securities primarily represent domestic and foreign bonds held by consolidated Federated Hermes Funds . The fair value of these securities may include observable market data such as valuations provided by independent pricing services after considering factors such as the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers and general market conditions (Level 2). Investments—Affiliates and Other—Equity Securities Investments—Affiliates and Other—Equity Securities primarily represent equity investments in fluctuating-value Federated Hermes Funds , as well as investments held in Separate Accounts . For publicly traded equity securities available in an active market, the fair value of these securities is classified as Level 1 when the fair value is based on quoted market prices. For investments in fluctuating-value Federated Hermes Funds that are publicly available, the securities are valued under the market approach through the use of quoted market prices available in an active market, which is the NAV of the funds, and are classified within Level 1 of the valuation hierarchy. The fair value of certain equity securities traded principally in foreign markets are determined by third-party pricing services (Level 2). Investments—Affiliates and Other—Debt Securities Investments—Affiliates and Other—Debt Securities primarily represent domestic bonds held in Separate Accounts . The fair value of these securities may include observable market data such as valuations provided by independent pricing services after considering factors such as the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers and general market conditions (Level 2). Acquisition-related future contingent consideration liabilities From time to time, pursuant to agreements entered into in connection with certain business combinations and asset acquisitions, Federated Hermes may be required to make future consideration payments if certain contingencies are met. In connection with certain business combinations, Federated Hermes records a liability representing the estimated fair value of future consideration payments as of the acquisition date. The liability is subsequently re-measured at fair value on a recurring basis with changes in fair value recorded in earnings. As of March 31, 2020 , acquisition-related future consideration liabilities of $11.7 million were primarily related to business combinations made in the first quarter of 2020 and were recorded in Other Current Liabilities ( $5.8 million ) and Other Long-Term Liabilities ( $5.9 million ) on the Consolidated Balance Sheets. Management estimated the fair value of future consideration payments based primarily upon expected future cash flows using an income approach valuation methodology with unobservable market data inputs (Level 3). 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 Acquisition 1 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. Investments using Practical Expedients For investments in mutual funds that are not publicly available but for which the NAV is calculated monthly and for which there are redemption restrictions, the securities are valued using NAV as a practical expedient and are excluded from the fair value hierarchy. As of March 31, 2020 and December 31, 2019 , these investments totaled $6.2 million and $3.7 million , respectively, and were recorded in Other Long-Term Assets . (b) Fair Value Measurements on a Nonrecurring Basis Federated Hermes did not hold any assets or liabilities measured at fair value on a nonrecurring basis at March 31, 2020 . (c) Fair Value Measurements of Other Financial Instruments The fair value of Federated Hermes ' debt is estimated by management using observable market data (Level 2). Based on this fair value estimate, the carrying value of debt appearing on the Consolidated Balance Sheets approximates fair value.

Derivatives

Derivatives	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives Hermes , a British Pound Sterling-denominated majority-owned subsidiary of Federated Hermes , enters into foreign currency forward transactions in order to hedge against foreign exchange rate fluctuations in the U.S. Dollar . None of the forwards have been designated as hedging instruments for accounting purposes. As of March 31, 2020 , this subsidiary held foreign currency forward derivative instruments with a combined notional amount of £55.0 million and expiration dates ranging from June 2020 through December 2020. Federated Hermes recorded $1.4 million in Other Current Liabilities on the Consolidated Balance Sheets, which represented the fair value of these derivative instruments as of March 31, 2020 . As of December 31, 2019 , this subsidiary held foreign currency forward derivative instruments with a combined notional amount of £53.0 million and expiration dates ranging from March 2020 through September 2020. Federated Hermes recorded $3.1 million in Receivables on the Consolidated Balance Sheets, which represented the fair value of these derivative instruments as of December 31, 2019 .

Intangible Assets, including Go

Intangible Assets, including Goodwill	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, including Goodwill	Intangible Assets, including Goodwill Intangible Assets, net at March 31, 2020 increased $12.5 million from December 31, 2019 primarily due to $27.6 million of intangible assets recorded in connection with the HCL acquisition and $7.8 million in connection with the MEPC acquisition (see Note (4) for additional information). These increases were partially offset by a $20.7 million decrease in the value of intangible assets denominated in a foreign currency as a result of foreign exchange rate fluctuations. Goodwill at March 31, 2020 increased $15.3 million from December 31, 2019 primarily due to $19.1 million of goodwill recorded in connection with the HCL acquisition and $4.2 million related to the MEPC acquisition. These increases were partially offset by an $8.1 million decrease in the value of goodwill denominated in a foreign currency as a result of foreign exchange rate fluctuations.

Debt

Debt	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Debt	Debt On June 5, 2017 , Federated Hermes entered into an unsecured Third Amended and Restated Credit Agreement by and among Federated Hermes , certain of its subsidiaries as guarantors party thereto, a syndicate of ten banks as Lenders party thereto, PNC Bank, National Association as administrative agent, PNC Capital Markets LLC, as sole bookrunner and joint lead arranger, Citigroup Global Markets, Inc., as joint lead arranger, Citibank, N.A. as syndication agent, and TD Bank, N.A. as documentation agent ( Credit Agreement ). The Credit Agreement consists of a $375 million revolving credit facility with an additional $200 million available via an optional increase (or accordion) feature. The interest on the revolving credit facility is calculated at the monthly London Interbank Offering Rate ( LIBOR ) plus a spread. The borrowings under the revolving credit facility may include up to $25 million for which interest is calculated at the daily LIBOR plus a spread ( Swing Line ). On July 1, 2018, Federated Hermes entered into an amendment to the Credit Agreement to add certain definitions and to amend certain negative covenants relating to indebtedness, guarantees, and restrictions on dividends, related to the 2018 acquisition of a controlling interest in Hermes ( Hermes Acquisition ). This amendment contains other customary conditions, representations, warranties and covenants. The Credit Agreement , which expires on June 5, 2022, has no principal payment schedule, but instead requires that any outstanding principal be repaid by the expiration date. Federated Hermes , however, may elect to make discretionary principal payments. During the first quarter 2020, Federated Hermes borrowed $100 million from the revolving credit facility for general corporate purposes. As of March 31, 2020 and December 31, 2019 , the amounts outstanding under the revolving credit facility were $195 million and $100 million , respectively, and were recorded as Long-Term Debt on the Consolidated Balance Sheets. The interest rate was 2.334% and 2.816% as of March 31, 2020 and December 31, 2019 , respectively, which was calculated at LIBOR plus a spread. The commitment fee under the Credit Agreement currently is 0.125% per annum on the daily unused portion of each Lender's commitment. As of March 31, 2020 , Federated Hermes has $180 million available for borrowings. The Credit Agreement includes representations and warranties, affirmative and negative financial covenants, including an interest coverage ratio covenant and a leverage ratio covenant, reporting requirements and other non-financial covenants. Federated Hermes was in compliance with all covenants at and during the three months ended March 31, 2020 (see the Liquidity and Capital Resources section of Management's Discussion and Analysis of Financial Condition and Results of Operations for additional information). The Credit Agreement also has certain stated events of default and cross default provisions which would permit the lenders/counterparties to accelerate the repayment of debt outstanding if not cured within the applicable grace periods. The events of default generally include breaches of contract, failure to make required loan payments, insolvency, cessation of business, notice of lien or assessment, and other proceedings, whether voluntary or involuntary, that would require the repayment of amounts borrowed. The Credit Agreement also requires certain subsidiaries to enter into a Second Amended and Restated Continuing Agreement of Guaranty and Suretyship to guarantee payment of all obligations incurred through the Credit Agreement .

Share-Based Compensation Plans

Share-Based Compensation Plans	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Share-Based Compensation Plans	Share-Based Compensation Plans During the three months ended March 31, 2020 , Federated Hermes awarded 649,581 shares of restricted Federated Hermes Class B common stock, all of which was granted in connection with a bonus program in which certain key employees received a portion of their bonus in the form of restricted stock under Federated Hermes ' Stock Incentive Plan. This restricted stock, which was granted on the bonus payment date and issued out of treasury, will generally vest over three years . During 2019 , Federated Hermes awarded 928,324 shares of restricted Federated Hermes Class B common stock under its Stock Incentive Plan. Of this amount, 498,324 shares were awarded in connection with the aforementioned bonus program in 2019 . The remaining shares were awarded to certain key employees and generally vest over ten years .

Equity

Equity	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Equity	Equity In October 2016 , the board of directors authorized a share repurchase program with no stated expiration date that allows the buy back of up to 4 million shares of Class B common stock. This program was fulfilled in March 2020. In March 2020, the board of directors authorized a share repurchase program with no stated expiration date that allows the buy back of up to 500 thousand shares of Class B common stock. No other programs existed as of March 31, 2020 . 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 first three months of 2020 , Federated Hermes repurchased approximately 714 thousand shares of its Class B common stock for $16.0 million ( $1.0 million of which was accrued in Other Current Liabilities as of March 31, 2020 ), most of which were repurchased in the open market. At March 31, 2020 , approximately 347 thousand shares remain available to be purchased under Federated Hermes ' remaining buyback program. See Note (19) for information regarding a new share repurchase program approved by the board of directors on April 30, 2020 . The following table presents the activity for the Class B common stock and Treasury stock for the three months ended March 31, 2020 and 2019 . Class A shares have been excluded as there was no activity during the three months ended March 31, 2020 or 2019 . Three Months Ended March 31, 2020 2019 Class B Shares Beginning Balance 101,130,379 100,803,382 Stock Award Activity 649,581 498,324 Purchase of Treasury Stock (714,251 ) (60,833 ) Ending Balance 101,065,709 101,240,873 Treasury Shares Beginning Balance 8,375,077 8,702,074 Stock Award Activity (649,581 ) (498,324 ) Purchase of Treasury Stock 714,251 60,833 Ending Balance 8,439,747 8,264,583 Redeemable Noncontrolling Interest in Subsidiaries The following table presents the changes in Redeemable Noncontrolling Interest in Subsidiaries: (in thousands) Consolidated Investment Companies Hermes Total Balance at December 31, 2019 $ 19,872 $ 192,214 $ 212,086 Net Income (Loss) (2,802 ) 1,889 (913 ) Other Comprehensive Income (Loss), net of tax 0 (11,454 ) (11,454 ) Subscriptions—Redeemable Noncontrolling Interest Holders 5,577 0 5,577 Consolidation/(Deconsolidation) (4,019 ) 0 (4,019 ) Stock Award Activity 0 2,153 2,153 Distributions to Noncontrolling Interest in Subsidiaries (6,039 ) 0 (6,039 ) Change in Estimated Redemption Value of Redeemable Noncontrolling Interests 0 1,870 1,870 Balance at March 31, 2020 $ 12,589 $ 186,672 $ 199,261 Balance at December 31, 2018 $ 11,626 $ 170,887 $ 182,513 Net Income (Loss) 678 (613 ) 65 Other Comprehensive Income (Loss), net of tax 0 3,714 3,714 Subscriptions—Redeemable Noncontrolling Interest Holders 42 0 42 Stock Award Activity 0 2,126 2,126 Distributions to Noncontrolling Interest in Subsidiaries (2,260 ) 0 (2,260 ) Balance at March 31, 2019 $ 10,086 $ 176,114 $ 186,200 During 2020, the Hermes Redeemable Noncontrolling Interest in Subsidiaries carrying value was adjusted by $1.9 million

Earnings Per Share Attributable

Earnings Per Share Attributable to Federated Hermes, Inc. Shareholders	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Share Attributable to Federated Hermes, Inc. Shareholders	Earnings Per Share Attributable to Federated Hermes, Inc. Shareholders The following table sets forth the computation of basic and diluted earnings per share using the two-class method for amounts attributable to Federated Hermes for: Three Months Ended March 31, (in thousands, except per share data) 2020 2019 Numerator Net Income Attributable to Federated Hermes, Inc. $ 64,178 $ 54,546 Less: Total Net Income Available to Participating Unvested Restricted Shareholders 1 (2,410 ) (2,135 ) Total Net Income Attributable to Federated Hermes Common Stock - Basic $ 61,768 $ 52,411 Less: Total Net Income Available to Unvested Restricted Shareholders of a Nonpublic Consolidated Subsidiary (88 ) (33 ) Total Net Income Attributable to Federated Hermes Common Stock - Diluted $ 61,680 $ 52,378 Denominator Basic Weighted-Average Federated Hermes Common Stock 2 97,345 96,994 Dilutive Potential Shares from Stock Options 0 1 Diluted Weighted-Average Federated Hermes Common Stock 2 97,345 96,995 Earnings Per Share Net Income Attributable to Federated Hermes Common Stock – Basic and Diluted 2 $ 0.63 $ 0.54 1 Includes dividends paid on unvested restricted Federated Hermes Class B Common shares and their proportionate share of undistributed earnings attributable to Federated Hermes shareholders. 2 Federated Hermes

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies (a) Contractual From time to time, pursuant to agreements entered into in connection with certain business combinations and asset acquisitions, Federated Hermes may be required to make future consideration payments if certain contingencies are met. See Note (9) for additional information regarding these payments. (b) Contingencies Certain revenue earned by a subsidiary of Federated Hermes related to carried interest received from certain funds is subject to clawback provisions (Carried Interest). As a result of the significant impact of the coronavirus pandemic (COVID-19) on markets, it is probable that the market value of the assets held by these funds will be reduced at the December 31, 2020 valuation date, resulting in a portion or all of this Carried Interest being repaid in 2021. As of March 31, 2020 , approximately $9 million of Carried Interest is subject to clawback, however due to the uncertainty of the impact that COVID-19 will have on the value of the assets held by these funds as of the December 31, 2020 valuation date, an estimate of the clawback of Carried Interest cannot be made. (c) Guarantees and Indemnifications On an intercompany basis, various subsidiaries of Federated Hermes guarantee certain financial obligations of Federated Hermes, Inc., and Federated Hermes, Inc. guarantees certain financial and performance-related obligations of various wholly owned subsidiaries. In addition, in the normal course of business, Federated Hermes has entered into contracts that provide a variety of indemnifications. Typically, obligations to indemnify third parties arise in the context of contracts entered into by Federated Hermes , under which Federated Hermes agrees to hold the other party harmless against losses arising out of the contract, provided the other party's actions are not deemed to have breached an agreed-upon standard of care. In each of these circumstances, payment by Federated Hermes is contingent on the other party making a claim for indemnity, subject to Federated Hermes ' right to challenge the claim. Further, Federated Hermes ' obligations under these agreements may be limited in terms of time and/or amount. It is not possible to predict the maximum potential amount of future payments under these or similar agreements due to the conditional nature of Federated Hermes ' obligations and the unique facts and circumstances involved in each particular agreement. As of March 31, 2020 , management does not believe that a material loss related to any of these matters is reasonably possible. (d) Legal Proceedings Like other companies, Federated Hermes has claims asserted and threatened against it in the ordinary course of business. As of March 31, 2020 , Federated Hermes does not believe that a material loss related to these claims is reasonably possible.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss) Attributable to Federated Hermes, Inc. Shareholders	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss) Attributable to Federated Hermes, Inc. Shareholders	Accumulated Other Comprehensive Income (Loss) Attributable to Federated Hermes, Inc. Shareholders The components of Accumulated Other Comprehensive Income (Loss), net of tax attributable to Federated Hermes shareholders are as follows: (in thousands) Foreign Currency Translation Gain (Loss) Balance at December 31, 2019 $ (249 ) Other Comprehensive Income (Loss) (24,859 ) Net Current-Period Other Comprehensive Income (Loss) (24,859 ) Balance at March 31, 2020 $ (25,108 ) Balance at December 31, 2018 $ (14,617 ) Other Comprehensive Income (Loss) 7,664 Net Current-Period Other Comprehensive Income (Loss) 7,664 Balance at March 31, 2019 $ (6,953 )

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interest in Subsidiaries	3 Months Ended
	Mar. 31, 2020
Noncontrolling Interest [Abstract]
Redeemable Noncontrolling Interest in Subsidiaries	Equity In October 2016 , the board of directors authorized a share repurchase program with no stated expiration date that allows the buy back of up to 4 million shares of Class B common stock. This program was fulfilled in March 2020. In March 2020, the board of directors authorized a share repurchase program with no stated expiration date that allows the buy back of up to 500 thousand shares of Class B common stock. No other programs existed as of March 31, 2020 . 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 first three months of 2020 , Federated Hermes repurchased approximately 714 thousand shares of its Class B common stock for $16.0 million ( $1.0 million of which was accrued in Other Current Liabilities as of March 31, 2020 ), most of which were repurchased in the open market. At March 31, 2020 , approximately 347 thousand shares remain available to be purchased under Federated Hermes ' remaining buyback program. See Note (19) for information regarding a new share repurchase program approved by the board of directors on April 30, 2020 . The following table presents the activity for the Class B common stock and Treasury stock for the three months ended March 31, 2020 and 2019 . Class A shares have been excluded as there was no activity during the three months ended March 31, 2020 or 2019 . Three Months Ended March 31, 2020 2019 Class B Shares Beginning Balance 101,130,379 100,803,382 Stock Award Activity 649,581 498,324 Purchase of Treasury Stock (714,251 ) (60,833 ) Ending Balance 101,065,709 101,240,873 Treasury Shares Beginning Balance 8,375,077 8,702,074 Stock Award Activity (649,581 ) (498,324 ) Purchase of Treasury Stock 714,251 60,833 Ending Balance 8,439,747 8,264,583 Redeemable Noncontrolling Interest in Subsidiaries The following table presents the changes in Redeemable Noncontrolling Interest in Subsidiaries: (in thousands) Consolidated Investment Companies Hermes Total Balance at December 31, 2019 $ 19,872 $ 192,214 $ 212,086 Net Income (Loss) (2,802 ) 1,889 (913 ) Other Comprehensive Income (Loss), net of tax 0 (11,454 ) (11,454 ) Subscriptions—Redeemable Noncontrolling Interest Holders 5,577 0 5,577 Consolidation/(Deconsolidation) (4,019 ) 0 (4,019 ) Stock Award Activity 0 2,153 2,153 Distributions to Noncontrolling Interest in Subsidiaries (6,039 ) 0 (6,039 ) Change in Estimated Redemption Value of Redeemable Noncontrolling Interests 0 1,870 1,870 Balance at March 31, 2020 $ 12,589 $ 186,672 $ 199,261 Balance at December 31, 2018 $ 11,626 $ 170,887 $ 182,513 Net Income (Loss) 678 (613 ) 65 Other Comprehensive Income (Loss), net of tax 0 3,714 3,714 Subscriptions—Redeemable Noncontrolling Interest Holders 42 0 42 Stock Award Activity 0 2,126 2,126 Distributions to Noncontrolling Interest in Subsidiaries (2,260 ) 0 (2,260 ) Balance at March 31, 2019 $ 10,086 $ 176,114 $ 186,200 During 2020, the Hermes Redeemable Noncontrolling Interest in Subsidiaries carrying value was adjusted by $1.9 million

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On April 30, 2020 , the board of directors declared a $0.27 per share dividend to shareholders of record as of May 11, 2020 to be paid on May 15, 2020 . On April 30, 2020 , the board of directors authorized an additional share repurchase program with no stated expiration date that allows the buy back of up to 3.5 million shares of Class B common stock. This program authorizes 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). See Note (14) for additional information on Federated Hermes ' share repurchase programs.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Federated Hermes, Inc. and its consolidated subsidiaries (collectively, Federated Hermes ) provides investment advisory, administrative, distribution and other services to various investment products, including sponsored investment companies and other funds ( Federated Hermes Funds ) and Separate Accounts (which include separately managed accounts, institutional accounts, sub-advised funds and other managed products) in both domestic and international markets, as well as stewardship services to various companies and real estate development services . The interim Consolidated Financial Statements of Federated Hermes included herein have been prepared in accordance with U.S. generally accepted accounting principles ( GAAP ). In the opinion of management, the financial statements reflect all adjustments that are of a normal recurring nature and necessary for a fair presentation of the results for the interim periods presented.
Use of Estimates	In preparing the financial statements, management is required to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying notes. Actual results may differ from those estimates, and such differences may be material to the Consolidated Financial Statements.
Recently Adopted Accounting Guidance	Recently Adopted Accounting Guidance Credit Losses On June 16, 2016, the Financial Accounting Standards Board ( FASB ) issued Accounting Standards Update (ASU) 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The amendments in this update replace the incurred loss impairment methodology with a current expected credit loss (CECL) model. CECL requires an entity to estimate lifetime expected credit losses based on relevant information about historical events, current conditions and reasonable and supportable forecasts. Federated Hermes adopted Topic 326 on January 1, 2020 using the modified retrospective adoption method. The adoption did not have a material impact on Federated Hermes ' Consolidated Financial Statements. Fair Value Measurement On August 28, 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement. The amendments in this update remove, modify or add disclosure requirements for fair value measurements to improve the effectiveness of disclosures. Federated Hermes adopted Topic 820 on January 1, 2020 using either the prospective or retrospective adoption method, depending on the amendment. The adoption did not have a material impact on Federated Hermes ' Consolidated Financial Statements. Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement On August 29, 2018, the FASB issued ASU 2018-15, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract (a consensus of the FASB Emerging Issues Task Force). The amendments in this update align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). Federated Hermes adopted this guidance on January 1, 2020 using the prospective adoption method, which did not require the restatement of prior years. The adoption did not have a material impact on Federated Hermes ' Consolidated Financial Statements.

Business Combinations (Tables)

Business Combinations (Tables)	3 Months Ended
	Mar. 31, 2020
Business Combinations [Abstract]
Summary of Preliminary Purchase Price Allocation	The following table summarizes the preliminary purchase price allocation determined as of the purchase date: (in millions) Cash and Cash Equivalents $ 14.0 Other Current Assets 1 11.3 Goodwill 2 19.1 Intangible Assets 3 27.6 Other Long-Term Assets 9.8 Less: Liabilities Acquired (26.9 ) Less: Fair Value of Redeemable Noncontrolling Interest in Subsidiary 4 (34.5 ) Total Purchase Price Consideration $ 20.4 1 Includes $4.6 million of accounts receivable. 2 The goodwill recognized is attributable to enhanced revenue and AUM growth opportunities from future investors and the assembled workforce of HGPE. In this instance, goodwill is not deductible for tax purposes. 3 Includes $20.3 million for rights to manage fund assets for private equity funds with a weighted-average useful life of 9.0 years and $6.9 million for rights to manage fund assets for infrastructure funds with a weighted-average useful life of 11.0 years , all of which are recorded in Intangible Assets, net on the Consolidated Balance Sheets . 4 The fair value of the noncontrolling interest was determined utilizing primarily the discounted cash flow methodology under the income approach.

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	3 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table presents Federated Hermes ' revenue disaggregated by asset class: Three Months Ended March 31, (in thousands) 2020 2019 Equity $ 137,290 $ 123,634 Money Market 151,420 117,307 Fixed-Income 46,607 43,677 Other 1 23,866 22,432 Total Revenue $ 359,183 $ 307,050 1 Primarily includes Alternative / Private Markets (including but not limited to private equity, real estate and infrastructure), Multi-Asset and stewardship services revenue. The following table presents Federated Hermes ' revenue disaggregated by performance obligation: Three Months Ended March 31, (in thousands) 2020 2019 Asset Management 1 $ 240,660 $ 211,199 Administrative Services 72,199 54,135 Distribution 2 38,934 36,246 Other 3 7,390 5,470 Total Revenue $ 359,183 $ 307,050 1 The performance obligation may include administrative, distribution and other services recorded as a single asset management fee under Topic 606 , as it is part of a unitary fee arrangement with a single performance obligation. 2 The performance obligation is satisfied at a point in time. A portion of this revenue relates to a performance obligation that has been satisfied in a prior period. 3 Primarily includes shareholder service fees and stewardship services revenue. The following table presents Federated Hermes ' revenue disaggregated by geographical market: Three Months Ended March 31, (in thousands) 2020 2019 Domestic $ 296,362 $ 252,390 Foreign 1 62,821 54,660 Total Revenue $ 359,183 $ 307,050 1 This represents revenue earned by non-U.S. domiciled subsidiaries. The following table presents Federated Hermes ' revenue disaggregated by product type: Three Months Ended March 31, (in thousands) 2020 2019 Federated Hermes Funds $ 296,885 $ 248,352 Separate Accounts 57,421 55,592 Other 1 4,877 3,106 Total Revenue $ 359,183 $ 307,050 1 Primarily includes stewardship services revenue.
Future Fixed Revenue from Stewardship and Real Estate Development Services	Based on existing contracts and the exchange rates as of March 31, 2020 , Federated Hermes may recognize future fixed revenue from these services as presented in the following table: (in thousands) Remainder of 2020 $ 7,147 2021 3,695 2022 1,691 2023 and Thereafter 1,292 Total Remaining Unsatisfied Performance Obligations $ 13,825

Concentration Risk (Tables)

Concentration Risk (Tables)	3 Months Ended
	Mar. 31, 2020
Risks and Uncertainties [Abstract]
Schedule of Revenue Concentration	The following table presents Federated Hermes ' revenue concentration by asset class: Three Months Ended March 31, 2020 2019 Equity Assets 38 % 40 % Money Market Assets 43 % 38 % Fixed-Income Assets 13 % 14 % The following table presents Federated Hermes ' revenue concentration by investment strategy/fund: Three Months Ended March 31, 2020 2019 Federated Government Obligations Fund 12 % 9 % Federated Strategic Value Dividend strategy 1 9 % 11 % 1 Strategy includes Federated Hermes Funds and Separate Accounts .

Consolidation (Tables)

Consolidation (Tables)	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidated Federated Funds VIEs	The following table presents the balances related to the consolidated Federated Hermes Fund VIE that was included on the Consolidated Balance Sheets as well as Federated Hermes ' net interest in the consolidated Federated Hermes Fund VIE for each period presented: (in millions) March 31, 2020 December 31, 2019 Investments—Consolidated Investment Companies $ 6.1 $ 13.3 Other Assets 0.6 0.3 Less: Liabilities 0.1 0.1 Less: Redeemable Noncontrolling Interest in Subsidiaries 3.0 9.3 Federated Hermes' Net Interest in Federated Hermes Fund VIEs $ 3.6 $ 4.2

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Gains and Losses Recognized in Gain (Loss) on Securities, Net	The following table presents gains and losses recognized in Gain (Loss) on Securities, net on the Consolidated Statements of Income in connection with Federated Hermes ' investments: Three Months Ended March 31, (in thousands) 2020 2019 Investments—Consolidated Investment Companies Unrealized Gains (Losses) $ (10,352 ) $ 1,285 Net Realized Gains (Losses) 1 3 (461 ) Net Gains (Losses) on Investments—Consolidated Investment Companies (10,349 ) 824 Investments—Affiliates and Other Unrealized Gains (Losses) (5,396 ) 877 Net Realized Gains (Losses) 1 (95 ) (22 ) Net Gains (Losses) on Investments—Affiliates and Other (5,491 ) 855 Gain (Loss) on Securities, net $ (15,840 ) $ 1,679 1 Realized gains and losses are computed on a specific-identification basis.

Fair Value Measurements (Tables

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 Other 1 8,666 244 0 8,910 Total Financial Assets $ 343,943 $ 45,646 $ 331 $ 389,920 Total Financial Liabilities 2 $ 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 Other 1 2,901 3,177 0 6,078 Total Financial Assets $ 282,987 $ 63,403 $ 323 $ 346,713 Total Financial Liabilities 2 $ 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 Acquisition 1 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.

Equity (Tables)

Equity (Tables)	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Activity for Class B Common Stock and Treasury Stock	The following table presents the activity for the Class B common stock and Treasury stock for the three months ended March 31, 2020 and 2019 . Class A shares have been excluded as there was no activity during the three months ended March 31, 2020 or 2019 . Three Months Ended March 31, 2020 2019 Class B Shares Beginning Balance 101,130,379 100,803,382 Stock Award Activity 649,581 498,324 Purchase of Treasury Stock (714,251 ) (60,833 ) Ending Balance 101,065,709 101,240,873 Treasury Shares Beginning Balance 8,375,077 8,702,074 Stock Award Activity (649,581 ) (498,324 ) Purchase of Treasury Stock 714,251 60,833 Ending Balance 8,439,747 8,264,583

Earnings Per Share Attributab_2

Earnings Per Share Attributable to Federated Hermes, Inc. Shareholders (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	The following table sets forth the computation of basic and diluted earnings per share using the two-class method for amounts attributable to Federated Hermes for: Three Months Ended March 31, (in thousands, except per share data) 2020 2019 Numerator Net Income Attributable to Federated Hermes, Inc. $ 64,178 $ 54,546 Less: Total Net Income Available to Participating Unvested Restricted Shareholders 1 (2,410 ) (2,135 ) Total Net Income Attributable to Federated Hermes Common Stock - Basic $ 61,768 $ 52,411 Less: Total Net Income Available to Unvested Restricted Shareholders of a Nonpublic Consolidated Subsidiary (88 ) (33 ) Total Net Income Attributable to Federated Hermes Common Stock - Diluted $ 61,680 $ 52,378 Denominator Basic Weighted-Average Federated Hermes Common Stock 2 97,345 96,994 Dilutive Potential Shares from Stock Options 0 1 Diluted Weighted-Average Federated Hermes Common Stock 2 97,345 96,995 Earnings Per Share Net Income Attributable to Federated Hermes Common Stock – Basic and Diluted 2 $ 0.63 $ 0.54 1 Includes dividends paid on unvested restricted Federated Hermes Class B Common shares and their proportionate share of undistributed earnings attributable to Federated Hermes shareholders. 2 Federated Hermes

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) Attributable to Federated Hermes, Inc. Shareholders (Tables)	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Components of Accumulated Other Comprehensive Income (Loss), Net of Tax	The components of Accumulated Other Comprehensive Income (Loss), net of tax attributable to Federated Hermes shareholders are as follows: (in thousands) Foreign Currency Translation Gain (Loss) Balance at December 31, 2019 $ (249 ) Other Comprehensive Income (Loss) (24,859 ) Net Current-Period Other Comprehensive Income (Loss) (24,859 ) Balance at March 31, 2020 $ (25,108 ) Balance at December 31, 2018 $ (14,617 ) Other Comprehensive Income (Loss) 7,664 Net Current-Period Other Comprehensive Income (Loss) 7,664 Balance at March 31, 2019 $ (6,953 )

Redeemable Noncontrolling Int_2

Redeemable Noncontrolling Interest in Subsidiaries (Tables)	3 Months Ended
	Mar. 31, 2020
Noncontrolling Interest [Abstract]
Summary of Changes in Redeemable Noncontrolling Interest in Subsidiaries	The following table presents the changes in Redeemable Noncontrolling Interest in Subsidiaries: (in thousands) Consolidated Investment Companies Hermes Total Balance at December 31, 2019 $ 19,872 $ 192,214 $ 212,086 Net Income (Loss) (2,802 ) 1,889 (913 ) Other Comprehensive Income (Loss), net of tax 0 (11,454 ) (11,454 ) Subscriptions—Redeemable Noncontrolling Interest Holders 5,577 0 5,577 Consolidation/(Deconsolidation) (4,019 ) 0 (4,019 ) Stock Award Activity 0 2,153 2,153 Distributions to Noncontrolling Interest in Subsidiaries (6,039 ) 0 (6,039 ) Change in Estimated Redemption Value of Redeemable Noncontrolling Interests 0 1,870 1,870 Balance at March 31, 2020 $ 12,589 $ 186,672 $ 199,261 Balance at December 31, 2018 $ 11,626 $ 170,887 $ 182,513 Net Income (Loss) 678 (613 ) 65 Other Comprehensive Income (Loss), net of tax 0 3,714 3,714 Subscriptions—Redeemable Noncontrolling Interest Holders 42 0 42 Stock Award Activity 0 2,126 2,126 Distributions to Noncontrolling Interest in Subsidiaries (2,260 ) 0 (2,260 ) Balance at March 31, 2019 $ 10,086 $ 176,114 $ 186,200

Business Combinations - Narrati

Business Combinations - Narrative (Details) $ in Thousands, £ in Millions	Mar. 01, 2020USD ($)	Mar. 01, 2020GBP (£)	Jan. 01, 2020USD ($)	Jan. 01, 2020GBP (£)	Mar. 31, 2020USD ($)	Mar. 01, 2020GBP (£)	Jan. 01, 2020GBP (£)	Dec. 31, 2019USD ($)
Business Acquisition [Line Items]
Fair value of future consideration payments					$ 11,700
Goodwill					789,807			$ 774,534
HCL
Business Acquisition [Line Items]
Ownership interest acquired	100.00%					100.00%
Acquisition price	$ 20,400	£ 15.9
Payments to acquire business	14,300	£ 11.2
Maximum contingent purchase price payments	6,100					£ 4.7
Fair value of future consideration payments					5,900
Revenue					2,600
Net income					$ 300
Intangible assets	27,600
Goodwill	19,100
HGPE
Business Acquisition [Line Items]
Acquisition-date fair value of previous equity interest	34,500
Gain as a result of remeasuring prior equity interest	$ 7,500
MEPC
Business Acquisition [Line Items]
Acquisition price			$ 11,400	£ 8.6
Payments to acquire business			6,000	£ 4.5
Maximum contingent purchase price payments			5,400				£ 4.1
Intangible assets			7,800
Goodwill			$ 4,200

Business Combinations - Summary

Business Combinations - Summary of Preliminary Purchase Price Allocation (Details) - USD ($) $ in Thousands	Mar. 01, 2020	Mar. 31, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Goodwill		$ 789,807	$ 774,534
HCL
Business Acquisition [Line Items]
Cash and Cash Equivalents	$ 14,000
Other Current Assets	11,300
Goodwill	19,100
Intangible Assets	27,600
Other Long-Term Assets	9,800
Less: Liabilities Acquired	(26,900)
Less: Fair Value of Redeemable Noncontrolling Interest in Subsidiary	(34,500)
Total Purchase Price Consideration	20,400
Accounts receivable	4,600
Intangible assets recorded in connection with acquisition		$ 27,600
HCL | Customer Relationships
Business Acquisition [Line Items]
Intangible assets recorded in connection with acquisition	$ 20,300
Weighted-average useful life	9 years
HCL | Rights to Manage Fund Assets
Business Acquisition [Line Items]
Intangible assets recorded in connection with acquisition	$ 6,900
Weighted-average useful life	11 years

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Disaggregation of Revenue by Asset Class (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Total Revenue	$ 359,183	$ 307,050
Equity
Disaggregation of Revenue [Line Items]
Total Revenue	137,290	123,634
Money Market
Disaggregation of Revenue [Line Items]
Total Revenue	151,420	117,307
Fixed-Income
Disaggregation of Revenue [Line Items]
Total Revenue	46,607	43,677
Other
Disaggregation of Revenue [Line Items]
Total Revenue	$ 23,866	$ 22,432

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Disaggregation of Revenue by Performance Obligation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Total Revenue	$ 359,183	$ 307,050
Asset Management
Disaggregation of Revenue [Line Items]
Total Revenue	240,660	211,199
Administrative Services
Disaggregation of Revenue [Line Items]
Total Revenue	72,199	54,135
Distribution
Disaggregation of Revenue [Line Items]
Total Revenue	38,934	36,246
Other
Disaggregation of Revenue [Line Items]
Total Revenue	$ 7,390	$ 5,470

Revenue from Contracts with C_5

Revenue from Contracts with Customers - Disaggregation of Revenue by Geographic Market (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Total Revenue	$ 359,183	$ 307,050
Domestic
Disaggregation of Revenue [Line Items]
Total Revenue	296,362	252,390
Foreign
Disaggregation of Revenue [Line Items]
Total Revenue	$ 62,821	$ 54,660

Revenue from Contracts with C_6

Revenue from Contracts with Customers - Disaggregation of Revenue by Product Type (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Total Revenue	$ 359,183	$ 307,050
Federated Hermes Funds
Disaggregation of Revenue [Line Items]
Total Revenue	296,885	248,352
Separate Accounts
Disaggregation of Revenue [Line Items]
Total Revenue	57,421	55,592
Other
Disaggregation of Revenue [Line Items]
Total Revenue	$ 4,877	$ 3,106

Revenue from Contracts with C_7

Revenue from Contracts with Customers - Narrative (Details)	3 Months Ended
	Mar. 31, 2020
Disaggregation of Revenue [Line Items]
Contract terms	Generally, contracts are billed in arrears on a quarterly basis and have a three year duration, after which the customer can terminate the agreement with notice, generally from three to twelve months.
Minimum
Disaggregation of Revenue [Line Items]
Termination period	3 months
Maximum
Disaggregation of Revenue [Line Items]
Termination period	12 months

Revenue from Contracts with C_8

Revenue from Contracts with Customers - Future Fixed Revenue from Stewardship and Real Estate Development Services (Details) $ in Thousands	Mar. 31, 2020USD ($)
Revenue from Contract with Customer [Abstract]
Total Remaining Unsatisfied Performance Obligations	$ 13,825
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-04-01
Revenue from Contract with Customer [Abstract]
Total Remaining Unsatisfied Performance Obligations	$ 7,147
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction, period	9 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Revenue from Contract with Customer [Abstract]
Total Remaining Unsatisfied Performance Obligations	$ 3,695
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue from Contract with Customer [Abstract]
Total Remaining Unsatisfied Performance Obligations	$ 1,691
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue from Contract with Customer [Abstract]
Total Remaining Unsatisfied Performance Obligations	$ 1,292
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction, period

Concentration Risk - Schedule o

Concentration Risk - Schedule of Revenue Concentration (Details) - Product Concentration Risk	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Equity Assets
Concentration Risk [Line Items]
Concentration risk	38.00%	40.00%
Money Market Assets
Concentration Risk [Line Items]
Concentration risk	43.00%	38.00%
Fixed-Income Assets
Concentration Risk [Line Items]
Concentration risk	13.00%	14.00%

Concentration Risk - Schedule_2

Concentration Risk - Schedule of Revenue Concentration by Investment Strategy/Fund (Details) - Product Concentration Risk	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Federated Government Obligations Fund
Concentration Risk [Line Items]
Concentration risk	12.00%	9.00%
Federated Strategic Value Dividend strategy
Concentration Risk [Line Items]
Concentration risk	9.00%	11.00%

Concentration Risk - Narrative

Concentration Risk - Narrative (Details)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Customer Concentration Risk | The Bank of New York Mellon Corporation
Concentration Risk [Line Items]
Concentration risk	11.00%	12.00%

Consolidation - Narrative (Deta

Consolidation - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Variable Interest Entities [Line Items]
Fee waivers	$ 130,500,000	$ 98,800,000
VIE
Variable Interest Entities [Line Items]
AUM	6,600,000,000		$ 9,600,000,000
VIE | Cash and Cash Equivalents
Variable Interest Entities [Line Items]
Maximum risk of loss from non-consolidated VIEs	72,200,000		111,900,000
VIE | Receivables - Affiliates
Variable Interest Entities [Line Items]
Maximum risk of loss from non-consolidated VIEs	22,400,000		$ 15,400,000
Financial Support, Fee Waivers
Variable Interest Entities [Line Items]
Money market funds which meet the scope exception of the consolidation guidance	100,100,000	68,100,000
Financial Support, Capital Contributions
Variable Interest Entities [Line Items]
Money market funds which meet the scope exception of the consolidation guidance	$ 0	$ 0

Consolidation - Consolidated Fe

Consolidation - Consolidated Federated Fund VIEs (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Variable Interest Entities [Line Items]
Consolidated VIE assets	$ 1,925,909	$ 1,880,131
Less: Liabilities	683,715	626,765
Less: Redeemable Noncontrolling Interest in Subsidiaries	3,000	9,300
Variable Interest Entity, Primary Beneficiary
Variable Interest Entities [Line Items]
Less: Liabilities	100	100
Federated Hermes' Net Interest in Federated Hermes Fund VIEs	3,600	4,200
Variable Interest Entity, Primary Beneficiary | Investments—Consolidated Investment Companies
Variable Interest Entities [Line Items]
Consolidated VIE assets	6,100	13,300
Variable Interest Entity, Primary Beneficiary | Other Assets
Variable Interest Entities [Line Items]
Consolidated VIE assets	$ 600	$ 300

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Schedule of Investments [Line Items]
Investments—Affiliates and Other	$ 25,499	$ 26,935
Investments - Consolidated Investment Companies	47,162	64,526
Debt Securities
Schedule of Investments [Line Items]
Investments - Consolidated Investment Companies	28,700	38,900
Stocks of large U.S. and international companies
Schedule of Investments [Line Items]
Investments - Consolidated Investment Companies	15,800	22,600
Federated Hermes Funds
Schedule of Investments [Line Items]
Investments—Affiliates and Other	17,900	20,100
Separate Accounts
Schedule of Investments [Line Items]
Investments—Affiliates and Other	7,600	6,800
Separate Accounts | Debt Securities
Schedule of Investments [Line Items]
Investments—Affiliates and Other	4,400	2,600
Separate Accounts | Equity
Schedule of Investments [Line Items]
Investments—Affiliates and Other	$ 2,400	$ 3,000

Investments - Gains and Losses

Investments - Gains and Losses Recognized in Gain (Loss) on Securities, Net (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
(Loss) Gain on Securities [Line Items]
Gain (Loss) on Securities, net	$ (15,840)	$ 1,679
Investments—Consolidated Investment Companies
(Loss) Gain on Securities [Line Items]
Unrealized Gains (Losses)	(10,352)	1,285
Net Realized Gains (Losses)	3	(461)
Gain (Loss) on Securities, net	(10,349)	824
Investments—Affiliates and Other
(Loss) Gain on Securities [Line Items]
Unrealized Gains (Losses)	(5,396)	877
Net Realized Gains (Losses)	(95)	(22)
Gain (Loss) on Securities, net	$ (5,491)	$ 855

Fair Value Measurements - Class

Fair Value Measurements - Classes of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financial Assets
Cash and Cash Equivalents	$ 308,349	$ 249,174
Investments—Consolidated Investment Companies
Equity Securities	18,435	25,628
Debt Securities	28,727	38,898
Investments—Affiliates and Other
Equity Securities	20,768	24,014
Debt Securities	4,731	2,921
Other	8,910	6,078
Total Financial Assets	389,920	346,713
Financial Liabilities
Total Financial Liabilities	13,700	2,087
Level 1
Financial Assets
Cash and Cash Equivalents	308,349	249,174
Investments—Consolidated Investment Companies
Equity Securities	6,266	7,245
Debt Securities	0	0
Investments—Affiliates and Other
Equity Securities	20,662	23,667
Debt Securities	0	0
Other	8,666	2,901
Total Financial Assets	343,943	282,987
Financial Liabilities
Total Financial Liabilities	557	6
Level 2
Financial Assets
Cash and Cash Equivalents	0	0
Investments—Consolidated Investment Companies
Equity Securities	12,169	18,383
Debt Securities	28,727	38,898
Investments—Affiliates and Other
Equity Securities	75	335
Debt Securities	4,431	2,610
Other	244	3,177
Total Financial Assets	45,646	63,403
Financial Liabilities
Total Financial Liabilities	1,418	0
Level 3
Financial Assets
Cash and Cash Equivalents	0	0
Investments—Consolidated Investment Companies
Equity Securities	0	0
Debt Securities	0	0
Investments—Affiliates and Other
Equity Securities	31	12
Debt Securities	300	311
Other	0	0
Total Financial Assets	331	323
Financial Liabilities
Total Financial Liabilities	$ 11,725	$ 2,081

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Acquisition-related future consideration liabilities	$ 11.7
Acquisition-related future consideration liabilities recorded in Other Current liabilities	5.8
Acquisition-related future consideration liabilities recorded in Other Long-Term liabilities	5.9
Money Market
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	245	$ 222.1
Mutual Fund | NAV
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other financial assets	$ 6.2	$ 3.7

Fair Value Measurements - Recon

Fair Value Measurements - Reconciliation of Liability for Future Consideration Payments (Details) - Contingent Consideration - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	$ 2,081	$ 346
New Acquisition	11,429	0
Changes in Fair Value	49	414
Contingent Consideration Payments	(1,834)	(228)
Ending Balance	$ 11,725	$ 532

Derivatives (Details)

Derivatives (Details) - Foreign Currency Forward £ in Millions, $ in Millions	Mar. 31, 2020USD ($)	Mar. 31, 2020GBP (£)	Dec. 31, 2019USD ($)	Dec. 31, 2019GBP (£)
Derivative [Line Items]
Derivative liability, notional amount | £		£ 55
Derivative asset, notional amount | £				£ 53
Other Current Liabilities
Derivative [Line Items]
Derivative liability | $	$ 1.4
Receivables
Derivative [Line Items]
Derivative asset | $			$ 3.1

Intangible Assets, including _2

Intangible Assets, including Goodwill (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 01, 2020	Jan. 01, 2020
Acquired Finite-Lived Intangible Assets [Line Items]
Increase in Intangible Assets, net	$ 12.5
Decrease in value of intangible assets denominated in a foreign currency as a result of foreign exchange rate fluctuations	20.7
Goodwill increase	15.3
Decrease in value of goodwill denominated in a foreign currency as a result of foreign exchange rate fluctuations	8.1
HCL
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets recorded in connection with acquisition	27.6
Intangible assets		$ 27.6
Goodwill recorded in connection with acquisition	19.1
MEPC
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets			$ 7.8
Goodwill recorded in connection with acquisition	$ 4.2

Debt (Details)

Debt (Details)	3 Months Ended
	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)	Jun. 05, 2017USD ($)bank
Debt Instrument [Line Items]
Number of banks as lenders | bank				10
Line of credit facility, maximum borrowing capacity				$ 375,000,000
Optional increase (or an accordion feature)				200,000,000
Proceeds from revolving credit facility	$ 100,000,000	$ 8,800,000
Amounts outstanding under the revolving credit facility	$ 195,000,000		$ 100,000,000
Interest rate at period end	2.334%		2.816%
Commitment fee	0.125%
Available for borrowings	$ 180,000,000
SwingLine
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity				$ 25,000,000

Share-Based Compensation Plans

Share-Based Compensation Plans (Details) - shares	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock awarded in period (in shares)	649,581	928,324
Class B Common Stock Bonus
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock awarded in period (in shares)		498,324
Restricted stock requisite service period	3 years
Class B Common Stock Key Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock requisite service period		10 years

Equity - Narrative (Details)

Equity - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Oct. 31, 2016
Equity, Class of Treasury Stock [Line Items]
Purchase of treasury stock (in shares)	714,251	60,833
Purchase of treasury stock	$ 15,959	$ 1,485
Accrued in Other Current Liabilities	1,000
Treasury Stock
Equity, Class of Treasury Stock [Line Items]
Purchase of treasury stock	$ 15,959	$ 1,485
Class B Shares
Equity, Class of Treasury Stock [Line Items]
Number of shares authorized under share repurchase program (in shares)	500,000		4,000,000
Purchase of treasury stock (in shares)	714,000
Remaining number of shares authorized to be repurchased (in shares)	347,000

Equity - Activity for Class B C

Equity - Activity for Class B Common Stock and Treasury Stock (Details) - shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	8,375,077	8,702,074
Stock Award Activity	(649,581)	(498,324)
Purchase of Treasury Stock	714,251	60,833
Ending Balance	8,439,747	8,264,583
Class B Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	101,130,379	100,803,382
Stock Award Activity	649,581	498,324
Purchase of Treasury Stock	(714,251)	(60,833)
Ending Balance	101,065,709	101,240,873
Purchase of Treasury Stock	714,000

Earnings Per Share Attributab_3

Earnings Per Share Attributable to Federated Hermes, Inc. Shareholders (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Numerator
Net Income Attributable to Federated Hermes, Inc.	$ 64,178	$ 54,546
Less: Total Net Income Available to Participating Unvested Restricted Shareholders	(2,410)	(2,135)
Total Net Income Attributable to Federated Hermes Common Stock - Basic	61,768	52,411
Less: Total Net Income Available to Unvested Restricted Shareholders of a Nonpublic Consolidated Subsidiary	(88)	(33)
Total Net Income Attributable to Federated Hermes Common Stock - Diluted	$ 61,680	$ 52,378
Denominator
Basic Weighted-Average Federated Hermes Common Stock (in shares)	97,345	96,994
Dilutive Potential Shares from Stock Options (in shares)	0	1
Diluted Weighted-Average Federated Hermes Common Stock (in shares)	97,345	96,995
Earnings Per Share
Net Income Attributable to Federated Hermes Common Stock – Basic and Diluted (usd per share)	$ 0.63	$ 0.54

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	Mar. 31, 2020USD ($)
Commitments and Contingencies Disclosure [Abstract]
Carried interest subject to clawback	$ 9

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) Attributable to Federated Hermes, Inc. Shareholders (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Accumulated Other Comprehensive Income (Loss), net of tax [Rollforward]
Balance, beginning of period	$ 1,041,280	$ 857,121
Balance, end of period	1,042,933	897,739
Foreign Currency Translation Gain (Loss)
Accumulated Other Comprehensive Income (Loss), net of tax [Rollforward]
Balance, beginning of period	(249)	(14,617)
Other Comprehensive Income (Loss)	(24,859)	7,664
Net Current-Period Other Comprehensive Income (Loss)	(24,859)	7,664
Balance, end of period	$ (25,108)	$ (6,953)

Redeemable Noncontrolling Int_3

Redeemable Noncontrolling Interest in Subsidiaries (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Increase (Decrease) in Temporary Equity [Roll Forward]
Temporary equity, beginning balance	$ 212,086	$ 182,513
Net Income (Loss)	(913)	65
Other Comprehensive Income (Loss), net of tax	(11,454)	3,714
Subscriptions—Redeemable Noncontrolling Interest Holders	5,577	42
Consolidation/(Deconsolidation)	(4,019)
Stock Award Activity	2,153	2,126
Distributions to Noncontrolling Interest in Subsidiaries	(6,039)	(2,260)
Change in Estimated Redemption Value of Redeemable Noncontrolling Interests	1,870
Temporary equity, ending balance	199,261	186,200
Consolidated Investment Companies
Increase (Decrease) in Temporary Equity [Roll Forward]
Temporary equity, beginning balance	19,872	11,626
Net Income (Loss)	(2,802)	678
Subscriptions—Redeemable Noncontrolling Interest Holders	5,577	42
Consolidation/(Deconsolidation)	(4,019)
Distributions to Noncontrolling Interest in Subsidiaries	(6,039)	(2,260)
Temporary equity, ending balance	12,589	10,086
Hermes
Increase (Decrease) in Temporary Equity [Roll Forward]
Temporary equity, beginning balance	192,214	170,887
Net Income (Loss)	1,889	(613)
Other Comprehensive Income (Loss), net of tax	(11,454)	3,714
Stock Award Activity	2,153	2,126
Change in Estimated Redemption Value of Redeemable Noncontrolling Interests	1,870
Temporary equity, ending balance	$ 186,672	$ 176,114

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event	Apr. 30, 2020$ / sharesshares
Subsequent Event [Line Items]
Dividend declared (usd per share) | $ / shares	$ 0.27
Number of shares authorized under share repurchase program (in shares) | shares	3,500,000