XML 37 R28.htm IDEA: XBRL DOCUMENT
v3.20.1

Investments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2020
Schedule of Investments [Abstract] |
Summary of Investments | The Company's investments, excluding the assets of consolidated investment products ("CIP") discussed in Note 15, at March 31, 2020 and December 31, 2019 were as follows:
(in thousands) | March 31, 2020 |  | December 31, 2019
Investment securities - fair value | $ | 35,460 |  |  | $ | 60,990 |
Equity method investments (1) | 12,575 |  |  | 12,030 |
Nonqualified retirement plan assets | 7,166 |  |  | 8,724 |
Other investments | 1,652 |  |  | 1,462 |
Total investments | $ | 56,853 |  |  | $ | 83,206 |
(1) The Company's equity method investments are valued on a three-month lag based upon the availability of financial information. Therefore, the equity in earnings may not reflect the effects of the market disruption that occurred in the first quarter of 2020.
Schedule of Marketable Securities | The composition of the Company’s investment securities - fair value was as follows:
| March 31, 2020 |  | December 31, 2019
(in thousands) | Cost |  | Fair Value |  | Cost |  | Fair Value
Investment Securities - fair value |  |  |  |  |  |  |
Sponsored funds | $ | 26,188 |  |  | $ | 24,825 |  |  | $ | 44,588 |  |  | $ | 47,654 |
Equity securities | 10,902 |  |  | 10,629 |  |  | 11,250 |  |  | 13,320 |
Debt securities | 7 |  |  | 6 |  |  | 44 |  |  | 16 |
Total investment securities - fair value | $ | 37,097 |  |  | $ | 35,460 |  |  | $ | 55,882 |  |  | $ | 60,990 |

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

X
- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). + References No definition available. + Details
Name: | us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Debt Securities, Trading, Equity Securities, FV-NI, Equity Method, And Other Investments [Table Text Block] + References No definition available. + Details
Name: | vrts_DebtSecuritiesTradingEquitySecuritiesFVNIEquityMethodAndOtherInvestmentsTableTextBlock
Namespace Prefix: | vrts_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration