XML 76 R65.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Consolidation - Additional Information (Details) | 6 Months Ended |  |
--- | --- | --- | ---
Jun. 30, 2017 USD ($) collateralized_loan_obligation | Dec. 31, 2016 USD ($) | Jun. 30, 2016 USD ($)
Variable Interest Entity [Line Items] |  |  |
Fair value, securities, Level 1 to Level 2 transfers, amount | $ 0 |  | $ 0
VOEs |  |  |
Variable Interest Entity [Line Items] |  |  |
Investments | $ 31,559,000 | $ 99,247,000 |
CLOs |  |  |
Variable Interest Entity [Line Items] |  |  |
Number of CLOs consolidated | collateralized_loan_obligation | 4 |  |
Investments | $ 1,263,265,000 | 346,967,000 |
Consolidated investment products |  |  |
Variable Interest Entity [Line Items] |  |  |
Investments | 1,354,389,000 | $ 489,042,000 |
Fair value, securities, Level 2 to Level 1 transfers, amount | 0 |  | 100,000
Fair value, securities, Level 1 to Level 2 transfers, amount | 0 |  | $ 4,100,000
Nonconsolidated VIEs |  |  |
Variable Interest Entity [Line Items] |  |  |
Carrying value and maximum risk of loss | $ 15,200,000 |  |
LIBOR | CLOs |  |  |
Variable Interest Entity [Line Items] |  |  |
Investments, basis spread on variable interest rate | 9.50% |  |
LIBOR | Minimum | CLOs |  |  |
Variable Interest Entity [Line Items] |  |  |
Basis spread on variable interest rate | 1.00% |  |
LIBOR | Maximum | CLOs |  |  |
Variable Interest Entity [Line Items] |  |  |
Basis spread on variable interest rate | 8.75% |  |
Senior Notes | CLOs |  |  |
Variable Interest Entity [Line Items] |  |  |
Unpaid principal balance exceeds fair value | $ 1,200,000 |  |
Subordinated Notes - Newfleet CLO 2016-1 | CLOs |  |  |
Variable Interest Entity [Line Items] |  |  |
Debt par value | 1,111,000,000.000 |  |
Subordinated Notes - Newfleet CLO 2016-1 | Subordinated Debt | CLOs |  |  |
Variable Interest Entity [Line Items] |  |  |
Debt par value | 138,500,000.0 |  |
Senior Secured Floating Rate Notes - Newfleet CLO 2016-1 | Senior Notes | CLOs |  |  |
Variable Interest Entity [Line Items] |  |  |
Debt par value | $ 972,500,000.0 |  |

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of transfers of assets measured on a recurring basis out of Level 1 of the fair value hierarchy into Level 2. + 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 (bb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsLevel1ToLevel2TransfersAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of transfers of assets measured on a recurring basis out of Level 2 of the fair value hierarchy into Level 1. + 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 (bb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsLevel2ToLevel1TransfersAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Sum of the carrying amounts as of the balance sheet date of all investments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.1(h)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 + Details
Name: | us-gaap_Investments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The reporting entity's maximum amount of exposure to loss as a result of its involvement with the Variable Interest Entity (VIE). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 4 -Subparagraph b -URI http://asc.fasb.org/extlink&oid=77990344&loc=d3e5728-111685 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 6 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=77990344&loc=d3e5747-111685 + Details
Name: | us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_VariableInterestEntityLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Investment, Basis Spread on Variable Rate + References No definition available. + Details
Name: | vrts_InvestmentBasisSpreadonVariableRate
Namespace Prefix: | vrts_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Investments, Carrying Amount Exceeds Fair Value + References No definition available. + Details
Name: | vrts_InvestmentsCarryingAmountExceedsFairValue
Namespace Prefix: | vrts_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Number of Collateralized Loan Obligations Consolidated + References No definition available. + Details
Name: | vrts_NumberofCollateralizedLoanObligationsConsolidated
Namespace Prefix: | vrts_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Details
Name: | us-gaap_ConsolidatedEntitiesAxis=vrts_VotingInterestEntityVOEMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ConsolidatedEntitiesAxis=vrts_VariableInterestEntityPrimaryBeneficiaryCollateralizedLoanObligationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ConsolidatedEntitiesAxis=vrts_VariableInterestEntityPrimaryBeneficiaryandVotingInterestEntityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RangeAxis=us-gaap_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RangeAxis=us-gaap_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_SeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=vrts_SubordinatedNotesNewfleetCLO20161Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_SubordinatedDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=vrts_SeniorSecuredFloatingRateNotesNewfleetCLO20161Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |