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v2.4.1.9

Condensed Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified | 3 Months Ended
--- | ---
Mar. 31, 2015 | Mar. 31, 2014
Cash Flows from Operating Activities: |  |
Net Income | $ 19,725 us-gaap_NetIncomeLoss | $ 21,767 us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash used in operating activities: |  |
Depreciation expense, intangible asset and other amortization | 1,671 us-gaap_DepreciationDepletionAndAmortization | 1,675 us-gaap_DepreciationDepletionAndAmortization
Stock-based compensation | 3,063 us-gaap_ShareBasedCompensation | 1,629 us-gaap_ShareBasedCompensation
Excess tax benefits from stock-based compensation | (1,314)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities | (263)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Amortization of deferred commissions | 3,064 us-gaap_AmortizationOfDeferredSalesCommissions | 4,794 us-gaap_AmortizationOfDeferredSalesCommissions
Payments of deferred commissions | (1,168)us-gaap_PaymentsForCommissions | (4,559)us-gaap_PaymentsForCommissions
Equity in earnings of equity method investments | (425)us-gaap_IncomeLossFromEquityMethodInvestments | (134)us-gaap_IncomeLossFromEquityMethodInvestments
Realized and unrealized gains on trading securities, net | (545)us-gaap_GainLossOnInvestments | (1,846)us-gaap_GainLossOnInvestments
Realized and unrealized gains on investments of consolidated sponsored investment products, net | (1,659)vrts_RealizedAndUnrealizedGainLossOnInvestmentsOfConsolidatedSponsoredInvestmentProductsNetAndDerivatives | (36)vrts_RealizedAndUnrealizedGainLossOnInvestmentsOfConsolidatedSponsoredInvestmentProductsNetAndDerivatives
Sales (purchases) of trading securities, net | 8,710 us-gaap_ProceedsFromPaymentsForTradingSecurities | (18,223)us-gaap_ProceedsFromPaymentsForTradingSecurities
Purchases of investments by consolidated sponsored investment products, net | (19,550)vrts_PurchaseOfInvestmentsByConsolidatedSponsoredInvestmentProductsNet | (12,481)vrts_PurchaseOfInvestmentsByConsolidatedSponsoredInvestmentProductsNet
Sales of securities sold short by consolidated sponsored investment products, net | 1,533 vrts_SaleOfSecuritiesSoldShortByConsolidatedSponsoredInvestmentProductsNet |
Deferred taxes, net | 2,368 us-gaap_DeferredIncomeTaxExpenseBenefit | 7,925 us-gaap_DeferredIncomeTaxExpenseBenefit
Changes in operating assets and liabilities: |  |
Cash pledged or on deposit of consolidated sponsored investment products | (2,245)vrts_IncreaseDecreaseInCashPledgedOrOnDepositOfConsolidatedSponsoredInvestmentProducts |
Accounts receivable, net and other assets | (6,054)us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets | (4,833)us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
Other assets of consolidated sponsored investment products | 137 vrts_IncreaseDecreaseInOtherCurrentAssetsOfConsolidatedSponsoredInvestmentProducts | 6,480 vrts_IncreaseDecreaseInOtherCurrentAssetsOfConsolidatedSponsoredInvestmentProducts
Accrued compensation and benefits, accounts payable, accrued liabilities and other liabilities | (35,020)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | (31,052)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Liabilities of consolidated sponsored investment products | 2,857 vrts_IncreaseDecreaseInAccruedLiabilitiesOfConsolidatedSponsoredInvestmentProducts | (4,074)vrts_IncreaseDecreaseInAccruedLiabilitiesOfConsolidatedSponsoredInvestmentProducts
Net cash used in operating activities | (24,852)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | (33,231)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash Flows from Investing Activities: |  |
Capital expenditures | (1,397)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (439)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Change in cash and cash equivalents of consolidated sponsored investment products due to deconsolidation |  | (366)us-gaap_CashDivestedFromDeconsolidation
Purchases of available-for-sale securities | (43)us-gaap_PaymentsToAcquireAvailableForSaleSecurities | (53)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
Net cash used in investing activities | (1,440)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (858)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash Flows from Financing Activities: |  |
Borrowings of proceeds from short sales by consolidated sponsored investment products | 921 vrts_ProceedsFromBorrowingsFromShortSalesByConsolidatedSponsoredInvestmentProducts |
Dividends paid | (4,129)us-gaap_PaymentsOfDividends |
Repurchases of common shares | (14,000)us-gaap_PaymentsForRepurchaseOfCommonStock |
Proceeds from exercise of stock options | 54 us-gaap_ProceedsFromStockOptionsExercised | 105 us-gaap_ProceedsFromStockOptionsExercised
Taxes paid related to net share settlement of restricted stock units | (4,122)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation | (7,401)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation
Excess tax benefits from stock-based compensation | 1,314 us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities | 263 us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Contributions of noncontrolling interests, net | 11,039 us-gaap_ProceedsFromPaymentsToMinorityShareholders | 6,915 us-gaap_ProceedsFromPaymentsToMinorityShareholders
Net cash used in financing activities | (8,923)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | (118)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net decrease in cash and cash equivalents | (35,215)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (34,207)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period | 203,304 us-gaap_CashAndCashEquivalentsAtCarryingValue | 271,545 us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and Cash Equivalents, end of period | 168,089 us-gaap_CashAndCashEquivalentsAtCarryingValue | 237,338 us-gaap_CashAndCashEquivalentsAtCarryingValue
Non-Cash Investing Activities: |  |
Accrual for capital expenditures | 458 us-gaap_CapitalExpendituresIncurredButNotYetPaid | 99 us-gaap_CapitalExpendituresIncurredButNotYetPaid
Non-Cash Financing Activities: |  |
Increase (decrease) to noncontrolling interest due to consolidation (deconsolidation) of consolidated sponsored investment products, net | 450 us-gaap_MinorityInterestPeriodIncreaseDecrease | (45,075)us-gaap_MinorityInterestPeriodIncreaseDecrease
Dividends payable | $ 4,095 vrts_DividendsAccruedButNotYetPaid |

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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Other Comprehensive Income -URI http://asc.fasb.org/extlink&oid=6519514 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Net Income -URI http://asc.fasb.org/extlink&oid=6518256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.19) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.18) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.22) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 19 -Article 5 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 20 -Article 9 + Details
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- Definition The amount of cash paid for commissions during the current period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 25 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3536-108585 + Details
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- Definition The cash outflow to reacquire common stock during the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Financing Activities -URI http://asc.fasb.org/extlink&oid=6513228 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3291-108585 + Details
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- Definition Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Financing Activities -URI http://asc.fasb.org/extlink&oid=6513228 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3291-108585 + Details
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- Definition Amount of cash outflow to satisfy an employee's income tax withholding obligation as part of a net-share settlement of a share-based award. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3291-108585 + Details
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- Definition The cash outflow to acquire debt and equity securities not classified as either held-to-maturity securities or trading securities which would be classified as available-for-sale securities and reported at fair value, with unrealized gains and losses excluded from earnings and reported in a separate component of shareholders' equity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Investing Activities -URI http://asc.fasb.org/extlink&oid=6516133 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6871852&loc=d3e26853-111562 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3213-108585 + Details
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- Definition The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Investing Activities -URI http://asc.fasb.org/extlink&oid=6516133 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3213-108585 + Details
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- Definition Amount of cash inflow (outflow) from sales and purchases of trading securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6871852&loc=d3e26853-111562 + Details
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- Definition The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Financing Activities -URI http://asc.fasb.org/extlink&oid=6513228 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (j) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3255-108585 + Details
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