XML 31 R50.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Fair Value Measurements - Changes in Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (USD $) In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012
--- | --- | ---
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Cash equivalents | $ 270,262 | $ 62,289
Total assets measured at fair value | 303,450 | 80,307
Sponsored Mutual Funds and Variable Insurance Funds [Member] |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Marketable securities trading | 17,904 | 8,013
Equity Securities [Member] |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Marketable securities trading | 8,379 | 4,379
Sponsored Closed-End Funds [Member] |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Marketable securities available for sale | 2,685 | 2,656
Nonqualified Retirement Plan Assets [Member] |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Other investments, nonqualified retirement plan assets | 4,220 | 2,970
Level 1 [Member] |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Cash equivalents | 270,262 | 62,289
Total assets measured at fair value | 303,450 | 80,307
Level 1 [Member] | Sponsored Mutual Funds and Variable Insurance Funds [Member] |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Marketable securities trading | 17,904 | 8,013
Level 1 [Member] | Equity Securities [Member] |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Marketable securities trading | 8,379 | 4,379
Level 1 [Member] | Sponsored Closed-End Funds [Member] |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Marketable securities available for sale | 2,685 | 2,656
Level 1 [Member] | Nonqualified Retirement Plan Assets [Member] |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Other investments, nonqualified retirement plan assets | 4,220 | 2,970
Level 2 [Member] |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Cash equivalents |  |
Total assets measured at fair value |  |
Level 2 [Member] | Sponsored Mutual Funds and Variable Insurance Funds [Member] |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Marketable securities trading |  |
Level 2 [Member] | Equity Securities [Member] |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Marketable securities trading |  |
Level 2 [Member] | Sponsored Closed-End Funds [Member] |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Marketable securities available for sale |  |
Level 2 [Member] | Nonqualified Retirement Plan Assets [Member] |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Other investments, nonqualified retirement plan assets |  |
Level 3 [Member] |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Cash equivalents |  |
Total assets measured at fair value |  |
Level 3 [Member] | Sponsored Mutual Funds and Variable Insurance Funds [Member] |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Marketable securities trading |  |
Level 3 [Member] | Equity Securities [Member] |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Marketable securities trading |  |
Level 3 [Member] | Sponsored Closed-End Funds [Member] |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Marketable securities available for sale |  |
Level 3 [Member] | Nonqualified Retirement Plan Assets [Member] |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Other investments, nonqualified retirement plan assets |  |

X
- Definition Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
Name: | us-gaap_AssetsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of investment in debt and equity securities categorized neither as held-to-maturity nor trading. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 25 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=28360136&loc=d3e22054-111558 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -Subparagraph (aa) -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27232-111563 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6871852&loc=d3e26610-111562 + Details
Name: | us-gaap_AvailableForSaleSecurities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash -URI http://asc.fasb.org/extlink&oid=6506951 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash Equivalents -URI http://asc.fasb.org/extlink&oid=6507016 + Details
Name: | us-gaap_CashAndCashEquivalentsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | us-gaap_FairValueInputsAssetsQuantitativeInformationLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of investments in debt and equity securities and other forms of securities that provide ownership interests classified as trading. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6871852&loc=d3e26610-111562 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6871852&loc=d3e26626-111562 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.4) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Trading Securities -URI http://asc.fasb.org/extlink&oid=6526789 + Details
Name: | us-gaap_TradingSecurities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Other Investment Fair Value Disclosure + References No definition available. + Details
Name: | vrts_OtherInvestmentFairValueDisclosure
Namespace Prefix: | vrts_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant