XML 76 R66.htm IDEA: XBRL DOCUMENT
v3.23.3

Consolidation - Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022
--- | --- | ---
Assets |  |
Cash equivalents | $ 157,635 | $ 287,126
Total assets measured at fair value | 287,427 | 374,279
Liabilities |  |
Total liabilities measured at fair value | 54,910 | 78,100
Level 1 |  |
Assets |  |
Cash equivalents | 157,635 | 287,126
Total assets measured at fair value | 263,088 | 374,279
Liabilities |  |
Total liabilities measured at fair value | 0 | 0
Level 2 |  |
Assets |  |
Cash equivalents | 0 | 0
Total assets measured at fair value | 0 | 0
Liabilities |  |
Total liabilities measured at fair value | 0 | 0
Level 3 |  |
Assets |  |
Cash equivalents | 0 | 0
Total assets measured at fair value | 24,339 | 0
Liabilities |  |
Total liabilities measured at fair value | 54,910 | 78,100
Fair Value, Measurements, Recurring | Consolidated Investment Products |  |
Assets |  |
Cash equivalents | 208,056 | 249,003
Total assets measured at fair value | 2,277,271 | 2,439,116
Liabilities |  |
Notes payable | 1,943,949 | 2,083,314
Short sales | 489 | 414
Total liabilities measured at fair value | 1,944,438 | 2,083,728
Fair Value, Measurements, Recurring | Debt investments | Consolidated Investment Products |  |
Assets |  |
Investments | 2,038,674 | 2,161,571
Fair Value, Measurements, Recurring | Equity investments | Consolidated Investment Products |  |
Assets |  |
Investments | 30,541 | 28,542
Fair Value, Measurements, Recurring | Level 1 | Consolidated Investment Products |  |
Assets |  |
Cash equivalents | 208,056 | 249,003
Total assets measured at fair value | 236,984 | 274,249
Liabilities |  |
Notes payable | 0 | 0
Short sales | 489 | 414
Total liabilities measured at fair value | 489 | 414
Fair Value, Measurements, Recurring | Level 1 | Debt investments | Consolidated Investment Products |  |
Assets |  |
Investments | 167 | 243
Fair Value, Measurements, Recurring | Level 1 | Equity investments | Consolidated Investment Products |  |
Assets |  |
Investments | 28,761 | 25,003
Fair Value, Measurements, Recurring | Level 2 | Consolidated Investment Products |  |
Assets |  |
Cash equivalents | 0 | 0
Total assets measured at fair value | 1,977,005 | 2,121,286
Liabilities |  |
Notes payable | 1,943,949 | 2,083,314
Short sales | 0 | 0
Total liabilities measured at fair value | 1,943,949 | 2,083,314
Fair Value, Measurements, Recurring | Level 2 | Debt investments | Consolidated Investment Products |  |
Assets |  |
Investments | 1,976,568 | 2,119,082
Fair Value, Measurements, Recurring | Level 2 | Equity investments | Consolidated Investment Products |  |
Assets |  |
Investments | 437 | 2,204
Fair Value, Measurements, Recurring | Level 3 | Consolidated Investment Products |  |
Assets |  |
Cash equivalents | 0 | 0
Total assets measured at fair value | 63,282 | 43,581
Liabilities |  |
Notes payable | 0 | 0
Short sales | 0 | 0
Total liabilities measured at fair value | 0 | 0
Fair Value, Measurements, Recurring | Level 3 | Debt investments | Consolidated Investment Products |  |
Assets |  |
Investments | 61,939 | 42,246
Fair Value, Measurements, Recurring | Level 3 | Equity investments | Consolidated Investment Products |  |
Assets |  |
Investments | $ 1,343 | $ 1,335

X
- Definition Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_AssetsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

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

X
- Definition Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References No definition available. + Details
Name: | us-gaap_CashAndCashEquivalentsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value of obligations incurred from short sales. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -Section 35 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481992/940-320-35-1 + Details
Name: | us-gaap_FinancialInstrumentsSoldNotYetPurchasedAtFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fair value portion of investment securities, including, but not limited to, marketable securities, derivative financial instruments, and investments accounted for under the equity method. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_InvestmentsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value of financial and nonfinancial obligations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_LiabilitiesFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

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

X
- Definition Fair value portion of notes payable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_NotesPayableFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember
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: | us-gaap_FinancialInstrumentAxis=us-gaap_DebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_EquitySecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |