XML 67 R56.htm IDEA: XBRL DOCUMENT
v3.20.2

Consolidation - Additional Information (Details) | 9 Months Ended |
--- | --- | ---
Sep. 30, 2020 USD ($) collateralized_loan_obligation | Dec. 31, 2019 USD ($)
CLOs |  |
Variable Interest Entity [Line Items] |  |
Number of CLOs consolidated | collateralized_loan_obligation | 6 |
Investments | $ 2,231,691,000 | $ 1,976,148,000
Nonconsolidated |  |
Variable Interest Entity [Line Items] |  |
Carrying value and maximum risk of loss | $ 26,200,000 |
LIBOR | CLOs |  |
Variable Interest Entity [Line Items] |  |
Investments, basis spread on variable interest rate | 12.00% |
Senior Notes | CLOs |  |
Variable Interest Entity [Line Items] |  |
Unpaid principal balance exceeds fair value | $ 135,800,000 |
Subordinated Notes - Newfleet CLO 2016-1 | CLOs |  |
Variable Interest Entity [Line Items] |  |
Debt par value | 2,500,000,000 |
Subordinated Notes - Newfleet CLO 2016-1 | Subordinated Debt | CLOs |  |
Variable Interest Entity [Line Items] |  |
Debt par value | 225,900,000 |
Senior Secured Floating Rate Notes - Newfleet CLO 2016-1 | Senior Notes | CLOs |  |
Variable Interest Entity [Line Items] |  |
Debt par value | $ 2,200,000,000 |
Minimum | Senior Secured Floating Rate Notes - Newfleet CLO 2016-1 | LIBOR | CLOs |  |
Variable Interest Entity [Line Items] |  |
Basis spread on variable rate | 0.80% |
Maximum | Senior Secured Floating Rate Notes - Newfleet CLO 2016-1 | LIBOR | CLOs |  |
Variable Interest Entity [Line Items] |  |
Basis spread on variable rate | 8.70% |

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://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=119993939&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=120400017&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=121559654&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=121559654&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 + 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_InvestmentsByConsolidatedAndNonconsolidatedEntitiesAxis=vrts_VariableInterestEntityPrimaryBeneficiaryCollateralizedLoanObligationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_InvestmentsByConsolidatedAndNonconsolidatedEntitiesAxis=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_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: |

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: |