XML 41 R30.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Intangible Assets, Net (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of Intangible Assets, Net | Intangible assets, net are summarized as follows:
| September 30, 2018 |  | December 31, 2017
($ in thousands) |  |  |
Definite-lived intangible assets: |  |  |
Investment contracts and other | $ | 487,747 |  |  | $ | 425,747 |
Accumulated amortization | (184,910 | ) |  | (167,309 | )
Definite-lived intangible assets, net | 302,837 |  |  | 258,438 |
Indefinite-lived intangible assets | 43,516 |  |  | 43,516 |
Total intangible assets, net | $ | 346,353 |  |  | $ | 301,954 |
Schedule of Activity in Intangible Assets, Net | Activity in intangible assets, net is as follows:
| Nine Months Ended September 30,
| 2018 |  | 2017
($ in thousands) |  |  |
Intangible assets, net |  |  |
Balance, beginning of period | $ | 301,954 |  |  | $ | 38,427 |
Additions (1) | 62,000 |  |  | 275,700 |
Amortization | (17,601 | ) |  | (7,110 | )
Balance, end of period | $ | 346,353 |  |  | $ | 307,017 |
(1) See Note 4 for details on the acquired intangible assets related to recent business combinations.
Schedule of Estimated Amortization Expense of Intangible Assets Succeeding Years | Estimated amortization expense of intangible assets for the remainder of fiscal year 2018 and succeeding fiscal years is as follows:
($ in thousands) |  |
Fiscal Year |  | Amount
2018 |  | $ | 7,541 |
2019 |  | 30,110 |
2020 |  | 29,945 |
2021 |  | 29,934 |
2022 |  | 29,809 |
2023 and thereafter |  | 175,498 |
|  | $ | 302,837 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 + Details
Name: | us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Activity In Intangible Assets [Table Text Block] + References No definition available. + Details
Name: | vrts_ScheduleOfActivityInIntangibleAssetsTableTextBlock
Namespace Prefix: | vrts_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration