XML 57 R46.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Business Combinations - Schedule of Finite-Lived and Indefinite-Lived Intangible Assets (Details) - USD ($) $ in Thousands | Jul. 01, 2018 | Jun. 01, 2017
--- | --- | ---
Sustainable Growth Advisers, LP |  |
Acquired Finite-Lived Intangible Assets [Line Items] |  |
Finite-lived intangible assets acquired | $ 62,000 |
Total identifiable intangible assets | 62,000 |
Sustainable Growth Advisers, LP | Institutional and retail separate account investment contracts |  |
Acquired Finite-Lived Intangible Assets [Line Items] |  |
Finite-lived intangible assets acquired | $ 49,000 |
Weighted Average of Useful Life | 6 years |
Sustainable Growth Advisers, LP | Trademarks/Trade names |  |
Acquired Finite-Lived Intangible Assets [Line Items] |  |
Finite-lived intangible assets acquired | $ 7,000 |
Weighted Average of Useful Life | 10 years |
Sustainable Growth Advisers, LP | Non-Competition Agreements |  |
Acquired Finite-Lived Intangible Assets [Line Items] |  |
Finite-lived intangible assets acquired | $ 6,000 |
Weighted Average of Useful Life | 5 years |
RidgeWorth |  |
Acquired Finite-Lived Intangible Assets [Line Items] |  |
Finite-lived intangible assets acquired |  | $ 267,000
Indefinite lived intangibles acquired |  | 8,700
Total identifiable intangible assets |  | 275,700
RidgeWorth | Mutual fund investment contracts |  |
Acquired Finite-Lived Intangible Assets [Line Items] |  |
Finite-lived intangible assets acquired |  | $ 189,200
Weighted Average of Useful Life |  | 16 years
RidgeWorth | Institutional and retail separate account investment contracts |  |
Acquired Finite-Lived Intangible Assets [Line Items] |  |
Finite-lived intangible assets acquired |  | $ 77,000
Weighted Average of Useful Life |  | 10 years 4 months 24 days
RidgeWorth | Trademarks/Trade names |  |
Acquired Finite-Lived Intangible Assets [Line Items] |  |
Finite-lived intangible assets acquired |  | $ 800
Weighted Average of Useful Life |  | 10 years

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_AcquiredFiniteLivedIntangibleAssetsLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Weighted average amortization period of finite-lived intangible assets acquired either individually or as part of a group of assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a)(3) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of assets, excluding financial assets and goodwill, that lack physical substance, having a projected indefinite period of benefit, acquired at the acquisition date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIndefiniteLivedIntangibleAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of intangible assets, excluding goodwill, acquired at the acquisition date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The amount of identifiable intangible assets recognized as of the acquisition date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 55 -Paragraph 37 -URI http://asc.fasb.org/extlink&oid=108330185&loc=d3e2207-128464 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=vrts_SustainableGrowthAdvisersLPMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_CustomerRelationshipsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_TradeNamesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_NoncompeteAgreementsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=vrts_RidgeWorthCapitalManagementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_CustomerContractsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |