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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2019
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's financial assets and liabilities measured at fair value on a recurring basis:
(in thousands)
 
Level 1
 
Level 2
 
Level 3
 
Total
September 30, 2019
 
 
 
 
 
 
 
 
Financial Assets
 
 
 
 
 
 
 
 
Cash and Cash Equivalents
 
$
196,513

 
$
0

 
$
0

 
$
196,513

Investments—Consolidated Investment Companies
 
 
 
 
 
 
 
 
Equity Securities
 
5,473

 
6,004

 
0

 
11,477

Debt Securities
 
0

 
32,184

 
0

 
32,184

Investments—Affiliates and Other
 
 
 
 
 
 
 
 
Equity Securities
 
65,183

 
66

 
11

 
65,260

Debt Securities
 
0

 
3,264

 
307

 
3,571

Other1
 
4,334

 
19

 
0

 
4,353

Total Financial Assets
 
$
271,503

 
$
41,537

 
$
318

 
$
313,358

 
 
 
 
 
 
 
 
 
Total Financial Liabilities2
 
$
31

 
$
3,192

 
$
1,529

 
$
4,752

 
 
 
 
 
 
 
 
 
December 31, 2018
 
 
 
 
 
 
 
 
Financial Assets
 
 
 
 
 
 
 
 
Cash and Cash Equivalents
 
$
156,832

 
$
0

 
$
0

 
$
156,832

Investments—Consolidated Investment Companies
 
 
 
 
 
 
 
 
Equity Securities
 
1,269

 
633

 
0

 
1,902

Debt Securities
 
0

 
20,896

 
0

 
20,896

Investments—Affiliates and Other
 
 
 
 
 
 
 
 
Equity Securities
 
6,963

 
403

 
38

 
7,404

Debt Securities
 
0

 
3,456

 
0

 
3,456

Other
 
597

 
0

 
70

 
667

Total Financial Assets
 
$
165,661

 
$
25,388

 
$
108

 
$
191,157

 
 
 
 
 
 
 
 
 
Total Financial Liabilities2
 
$
53

 
$
3,852

 
$
385

 
$
4,290

1
Amounts primarily consist of security deposits and restricted cash.
2
Amounts primarily consist of derivative liabilities and acquisition-related future contingent consideration liabilities.