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Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands | Total | Total Attributed To Virtus Investment Partners, Inc. | Common Stock | Additional Paid-in Capital | Retained Earnings (Accumulated Deficit) | Accumulated Other Comprehensive Income (Loss) | Treasury Stock | Non- controlling Interests
--- | --- | --- | --- | --- | --- | --- | --- | ---
Balance at beginning of period, common stock (in shares) at Dec. 31, 2021 |  |  | 7,506,151 |  |  |  |  |
Balance at beginning of period at Dec. 31, 2021 | $ 836,627 | $ 828,277 | $ 119 | $ 1,276,424 | $ 60,962 | $ 20 | $ (509,248) | $ 8,350
Balance at beginning of period, treasury stock (in shares) at Dec. 31, 2021 |  |  |  |  |  |  | 4,400,596 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |  |
Net income (loss) | 81,957 | 82,141 |  |  | 82,141 |  |  | (184)
Foreign currency translation adjustments | (791) | (791) |  |  |  | (791) |  |
Net subscriptions (redemptions) and other | 603 | 2,035 |  | 2,035 |  |  |  | (1,432)
Cash dividends declared, common | (35,779) | (35,779) |  |  | (35,779) |  |  |
Repurchases of common shares (in shares) |  |  | 397,777 |  |  |  | 397,777 |
Repurchases of common shares | (80,000) | (80,000) |  |  |  |  | $ (80,000) |
Issuance of common shares related to employee stock transactions (in shares) |  |  | 123,599 |  |  |  |  |
Issuance of common shares related to employee stock transactions | 0 | 0 | $ 1 | (1) |  |  |  |
Taxes paid on stock-based compensation | (16,450) | (16,450) |  | (16,450) |  |  |  |
Stock-based compensation | 19,772 | 19,772 |  | 19,772 |  |  |  |
Balance at end of period, common stock (in shares) at Sep. 30, 2022 |  |  | 7,231,973 |  |  |  |  |
Balance at end of period at Sep. 30, 2022 | 805,939 | 799,205 | $ 120 | 1,281,780 | 107,324 | (771) | $ (589,248) | 6,734
Balance at end of period, treasury stock (in shares) at Sep. 30, 2022 |  |  |  |  |  |  | 4,798,373 |
Balance at beginning of period at Dec. 31, 2021 | 138,965 |  |  |  |  |  |  |
Increase (Decrease) in Redeemable Non-controlling Interests [Roll Forward] |  |  |  |  |  |  |  |
Total net income (loss) attributable to noncontrolling interests | (1,164) |  |  |  |  |  |  |
Net subscriptions (redemptions) and other | (13,359) |  |  |  |  |  |  |
Balance at end of period at Sep. 30, 2022 | 124,442 |  |  |  |  |  |  |
Balance at beginning of period, common stock (in shares) at Jun. 30, 2022 |  |  | 7,275,337 |  |  |  |  |
Balance at beginning of period at Jun. 30, 2022 | 791,705 | 784,708 | $ 120 | 1,275,907 | 88,196 | (267) | $ (579,248) | 6,997
Balance at beginning of period, treasury stock (in shares) at Jun. 30, 2022 |  |  |  |  |  |  | 4,747,951 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |  |
Net income (loss) | 31,831 | 31,680 |  |  | 31,680 |  |  | 151
Foreign currency translation adjustments | (504) | (504) |  |  |  | (504) |  |
Net subscriptions (redemptions) and other | 1,621 | 2,035 |  | 2,035 |  |  |  | (414)
Cash dividends declared, common | (12,552) | (12,552) |  |  | (12,552) |  |  |
Repurchases of common shares (in shares) |  |  | 50,422 |  |  |  | 50,422 |
Repurchases of common shares | (10,000) | (10,000) |  |  |  |  | $ (10,000) |
Issuance of common shares related to employee stock transactions (in shares) |  |  | 7,058 |  |  |  |  |
Issuance of common shares related to employee stock transactions | 0 | 0 |  |  |  |  |  |
Taxes paid on stock-based compensation | (1,166) | (1,166) |  | (1,166) |  |  |  |
Stock-based compensation | 5,004 | 5,004 |  | 5,004 |  |  |  |
Balance at end of period, common stock (in shares) at Sep. 30, 2022 |  |  | 7,231,973 |  |  |  |  |
Balance at end of period at Sep. 30, 2022 | 805,939 | 799,205 | $ 120 | 1,281,780 | 107,324 | (771) | $ (589,248) | 6,734
Balance at end of period, treasury stock (in shares) at Sep. 30, 2022 |  |  |  |  |  |  | 4,798,373 |
Balance at beginning of period at Jun. 30, 2022 | 139,147 |  |  |  |  |  |  |
Increase (Decrease) in Redeemable Non-controlling Interests [Roll Forward] |  |  |  |  |  |  |  |
Total net income (loss) attributable to noncontrolling interests | (4,416) |  |  |  |  |  |  |
Net subscriptions (redemptions) and other | (10,289) |  |  |  |  |  |  |
Balance at end of period at Sep. 30, 2022 | $ 124,442 |  |  |  |  |  |  |
Balance at beginning of period, common stock (in shares) at Dec. 31, 2022 | 12,033,247 |  | 7,181,554 |  |  |  |  |
Balance at beginning of period at Dec. 31, 2022 | $ 822,936 | 817,019 | $ 120 | 1,286,244 | 130,261 | (358) | $ (599,248) | 5,917
Balance at beginning of period, treasury stock (in shares) at Dec. 31, 2022 | 4,851,693 |  |  |  |  |  | 4,851,693 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |  |
Net income (loss) | $ 100,573 | 99,787 |  |  | 99,787 |  |  | 786
Foreign currency translation adjustments | (15) | (15) |  |  |  | (15) |  |
Net subscriptions (redemptions) and other | 1,963 | 3,218 |  | 3,218 |  |  |  | (1,255)
Cash dividends declared, common | (39,433) | (39,433) |  |  | (39,433) |  |  |
Repurchases of common shares (in shares) |  |  | 125,855 |  |  |  | 125,855 |
Repurchases of common shares | (25,000) | (25,000) |  |  |  |  | $ (25,000) |
Issuance of common shares related to employee stock transactions (in shares) |  |  | 127,064 |  |  |  |  |
Issuance of common shares related to employee stock transactions | 0 | 0 | $ 2 | (2) |  |  |  |
Taxes paid on stock-based compensation | (13,436) | (13,436) |  | (13,436) |  |  |  |
Stock-based compensation | $ 19,964 | 19,964 |  | 19,964 |  |  |  |
Balance at end of period, common stock (in shares) at Sep. 30, 2023 | 12,160,311 |  | 7,182,763 |  |  |  |  |
Balance at end of period at Sep. 30, 2023 | $ 867,552 | 862,104 | $ 122 | 1,295,988 | 190,615 | (373) | $ (624,248) | 5,448
Balance at end of period, treasury stock (in shares) at Sep. 30, 2023 | 4,977,548 |  |  |  |  |  | 4,977,548 |
Balance at beginning of period at Dec. 31, 2022 | $ 113,718 |  |  |  |  |  |  |
Increase (Decrease) in Redeemable Non-controlling Interests [Roll Forward] |  |  |  |  |  |  |  |
Total net income (loss) attributable to noncontrolling interests | 2,404 |  |  |  |  |  |  |
Net subscriptions (redemptions) and other | (19,856) |  |  |  |  |  |  |
Balance at end of period at Sep. 30, 2023 | 96,266 |  |  |  |  |  |  |
Balance at beginning of period, common stock (in shares) at Jun. 30, 2023 |  |  | 7,254,786 |  |  |  |  |
Balance at beginning of period at Jun. 30, 2023 | 856,709 | 851,513 | $ 122 | 1,286,775 | 174,011 | (147) | $ (609,248) | 5,196
Balance at beginning of period, treasury stock (in shares) at Jun. 30, 2023 |  |  |  |  |  |  | 4,903,533 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |  |
Net income (loss) | 31,577 | 30,906 |  |  | 30,906 |  |  | 671
Foreign currency translation adjustments | (226) | (226) |  |  |  | (226) |  |
Net subscriptions (redemptions) and other | 2,799 | 3,218 |  | 3,218 |  |  |  | (419)
Cash dividends declared, common | (14,302) | (14,302) |  |  | (14,302) |  |  |
Repurchases of common shares (in shares) |  |  | 74,015 |  |  |  | 74,015 |
Repurchases of common shares | (15,000) | (15,000) |  |  |  |  | $ (15,000) |
Issuance of common shares related to employee stock transactions (in shares) |  |  | 1,992 |  |  |  |  |
Issuance of common shares related to employee stock transactions | 0 | 0 |  |  |  |  |  |
Taxes paid on stock-based compensation | (214) | (214) |  | (214) |  |  |  |
Stock-based compensation | $ 6,209 | 6,209 |  | 6,209 |  |  |  |
Balance at end of period, common stock (in shares) at Sep. 30, 2023 | 12,160,311 |  | 7,182,763 |  |  |  |  |
Balance at end of period at Sep. 30, 2023 | $ 867,552 | $ 862,104 | $ 122 | $ 1,295,988 | $ 190,615 | $ (373) | $ (624,248) | $ 5,448
Balance at end of period, treasury stock (in shares) at Sep. 30, 2023 | 4,977,548 |  |  |  |  |  | 4,977,548 |
Balance at beginning of period at Jun. 30, 2023 | $ 110,399 |  |  |  |  |  |  |
Increase (Decrease) in Redeemable Non-controlling Interests [Roll Forward] |  |  |  |  |  |  |  |
Total net income (loss) attributable to noncontrolling interests | 6,577 |  |  |  |  |  |  |
Net subscriptions (redemptions) and other | (20,710) |  |  |  |  |  |  |
Balance at end of period at Sep. 30, 2023 | $ 96,266 |  |  |  |  |  |  |

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