XML 65 R53.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Acquisitions - Finite-Lived Intangible Assets Acquired (Details) - USD ($) $ in Thousands | Oct. 01, 2021 | Feb. 01, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018
--- | --- | --- | --- | --- | --- | ---
Business Acquisition [Line Items] |  |  |  |  |  |
Goodwill |  |  | $ 338,406 | $ 290,366 | $ 290,366 | $ 290,366
AllianzGI |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |
Approximate Fair Value (in thousands) |  | $ 120,388 |  |  |  |
Goodwill |  | 25,000 |  |  |  |
Total assets acquired |  | $ 145,388 |  |  |  |
Westchester |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |
Approximate Fair Value (in thousands) | $ 144,400 |  |  |  |  |
Goodwill | 23,040 |  |  |  |  |
Investment management agreements | Westchester |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |
Approximate Fair Value (in thousands) | $ 138,000 |  |  |  |  |
Weighted Average of Useful Life (in years) | 10 years |  |  |  |  |
Open-end and closed-end fund investment contracts | AllianzGI |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |
Weighted Average of Useful Life (in years) |  | 13 years |  |  |  |
Approximate Fair Value (in thousands) |  | $ 101,447 |  |  |  |
Retail separate account investment contracts | AllianzGI |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |
Weighted Average of Useful Life (in years) |  | 6 years |  |  |  |
Approximate Fair Value (in thousands) |  | $ 17,000 |  |  |  |
Trade names | AllianzGI |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |
Weighted Average of Useful Life (in years) |  | 8 years |  |  |  |
Approximate Fair Value (in thousands) |  | $ 1,941 |  |  |  |
Trade names | Westchester |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |
Approximate Fair Value (in thousands) | $ 6,400 |  |  |  |  |
Weighted Average of Useful Life (in years) | 10 years |  |  |  |  |

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

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=123455525&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=123413009&loc=d3e4845-128472 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(10)(1)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=120320667&loc=SL49117168-202975 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 852 -SubTopic 10 -Section 55 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=84165509&loc=d3e56426-112766 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99380562&loc=d3e13770-109266 + Details
Name: | us-gaap_Goodwill
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Asset Acquisition, Recognized Identifiable Assets Acquired And Liabilities Assumed, Assets Including Goodwill + References No definition available. + Details
Name: | vrts_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsIncludingGoodwill
Namespace Prefix: | vrts_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Asset Acquisition, Recognized Identifiable Assets Acquired And Liabilities Assumed, Intangible Assets, Other Than Goodwill + References No definition available. + Details
Name: | vrts_AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
Namespace Prefix: | vrts_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | us-gaap_AssetAcquisitionAxis=vrts_AllianzGIMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

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

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

X
- Details
Name: | us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=vrts_RetailSeparateAccountInvestmentContractMember
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: |