XML 93 R88.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Consolidation - Additional Information (Details) | 12 Months Ended |
--- | --- | ---
Dec. 31, 2019 USD ($) collateralized_loan_obligation | Dec. 31, 2018 USD ($)
Variable Interest Entity [Line Items] |  |
Debt instrument, collateral amount | $ 0 |
CLOs |  |
Variable Interest Entity [Line Items] |  |
Number of consolidated CLOs | collateralized_loan_obligation | 5 |
Number of consolidated CLOs, in warehouse-stage | collateralized_loan_obligation | 1 |
Investments | $ 1,976,148,000 | $ 1,709,266,000
CLOs | London Interbank Offered Rate (LIBOR) |  |
Variable Interest Entity [Line Items] |  |
Investments, basis spread on variable interest rate | 10.00% |
CLOs | London Interbank Offered Rate (LIBOR) | Minimum |  |
Variable Interest Entity [Line Items] |  |
Basis spread on variable interest rate | 0.80% |
CLOs | London Interbank Offered Rate (LIBOR) | Maximum |  |
Variable Interest Entity [Line Items] |  |
Basis spread on variable interest rate | 8.70% |
CLOs | Senior notes |  |
Variable Interest Entity [Line Items] |  |
Unpaid principal balance exceeds fair value | $ 59,500,000 |
CLOs | CLO senior secured floating rate notes | Senior notes |  |
Variable Interest Entity [Line Items] |  |
Debt par value | 1,800,000,000 |
CLOs | CLO subordinated notes |  |
Variable Interest Entity [Line Items] |  |
Debt par value | 2,000,000,000.0 |
CLOs | CLO subordinated notes | Warehouse Facility Debt |  |
Variable Interest Entity [Line Items] |  |
Debt par value | 8,300,000 |
CLOs | CLO subordinated notes | Subordinated debt |  |
Variable Interest Entity [Line Items] |  |
Debt par value | 193,000,000.0 |
Consolidated investment products |  |
Variable Interest Entity [Line Items] |  |
Investments | 2,030,110,000 | $ 1,749,568,000
Nonconsolidated VIEs |  |
Variable Interest Entity [Line Items] |  |
Carrying value and maximum risk of loss | $ 14,400,000 |

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 Amount of assets pledged to secure a debt instrument. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 + Details
Name: | us-gaap_DebtInstrumentCollateralAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
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://fasb.org/us-gaap/role/ref/legacyRef -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=119400593&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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 6 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=118582676&loc=d3e5747-111685 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 4 -Subparagraph b -URI http://asc.fasb.org/extlink&oid=118582676&loc=d3e5728-111685 + 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, In Warehouse-Stage + References No definition available. + Details
Name: | vrts_NumberOfCollateralizedLoanObligationsConsolidatedInWarehouseStage
Namespace Prefix: | vrts_
Data Type: | xbrli:integerItemType
Balance Type: | na
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: | srt_ConsolidatedEntitiesAxis=vrts_VariableInterestEntityPrimaryBeneficiaryCollateralizedLoanObligationMember
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: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_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_SeniorSecuredFloatingRateNotesNewfleetCLO20161Member
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=vrts_WarehouseFacilityDebtMember
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: | srt_ConsolidatedEntitiesAxis=vrts_VariableInterestEntityPrimaryBeneficiaryandVotingInterestEntityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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