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Earnings (Loss) Per Share | 9 Months Ended
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Sep. 30, 2022
Earnings Per Share [Abstract] |
Earnings (Loss) Per Share | Earnings (Loss) Per ShareEarnings (loss) per share ("EPS") is calculated in accordance with ASC 260, Earnings per Share. Basic EPS is computed by dividing net income (loss) attributable to Virtus Investment Partners, Inc. by the weighted-average number of common shares outstanding for the period, excluding dilution for potential common stock issuances. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock, including shares issuable upon the vesting of RSUs and stock option exercises using the treasury stock method, as determined under the if-converted method. The computation of basic and diluted EPS is as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands, except per share amounts) | 2022 |  | 2021 |  | 2022 |  | 2021
Net Income (Loss) | $ | 27,415 |  |  | $ | 72,511 |  |  | $ | 80,793 |  |  | $ | 200,822 |
Noncontrolling interests | 4,265 |  |  | (13,775) |  |  | 1,348 |  |  | (42,531) |
Net Income (Loss) Attributable to Virtus Investment Partners, Inc. | $ | 31,680 |  |  | $ | 58,736 |  |  | $ | 82,141 |  |  | $ | 158,291 |
Shares (in thousands): |  |  |  |  |  |  |
Basic: Weighted-average number of shares outstanding | 7,308 |  |  | 7,691 |  |  | 7,434 |  |  | 7,688 |
Plus: Incremental shares from assumed conversion of dilutive instruments | 155 |  |  | 293 |  |  | 202 |  |  | 340 |
Diluted: Weighted-average number of shares outstanding | 7,463 |  |  | 7,984 |  |  | 7,636 |  |  | 8,028 |
Earnings (Loss) per Share—Basic | $ | 4.33 |  |  | $ | 7.64 |  |  | $ | 11.05 |  |  | $ | 20.59 |
Earnings (Loss) per Share—Diluted | $ | 4.25 |  |  | $ | 7.36 |  |  | $ | 10.76 |  |  | $ | 19.72 |
The following table details the securities that have been excluded from the above computation of weighted-average number of shares for diluted EPS, because the effect would be anti-dilutive.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2022 |  | 2021 |  | 2022 |  | 2021
Restricted stock units | 31 |  |  | 5 |  |  | 32 |  | 2 |
Total anti-dilutive securities | 31 |  |  | 5 |  |  | 32 |  | 2 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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