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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, 2022 |  |  | 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 |
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 |  |  | 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 |
Balance at Dec. 31, 2022 | 113,718 |  |  |  |  |  |  |
Increase (Decrease) in Redeemable Non-controlling Interests [Roll Forward] |  |  |  |  |  |  |  |
Net income (loss) | 2,404 |  |  |  |  |  |  |
Net subscriptions (redemptions) and other | (19,856) |  |  |  |  |  |  |
Balance 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 |  |  |  |  |
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 |  |  | 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 |
Balance at Jun. 30, 2023 | 110,399 |  |  |  |  |  |  |
Increase (Decrease) in Redeemable Non-controlling Interests [Roll Forward] |  |  |  |  |  |  |  |
Net income (loss) | 6,577 |  |  |  |  |  |  |
Net subscriptions (redemptions) and other | (20,710) |  |  |  |  |  |  |
Balance at Sep. 30, 2023 | $ 96,266 |  |  |  |  |  |  |
Balance at beginning of period, common stock (in shares) at Dec. 31, 2023 | 12,163,228 |  | 7,087,728 |  |  |  |  |
Balance at beginning of period at Dec. 31, 2023 | $ 868,289 | 863,926 | $ 122 | 1,300,999 | 207,356 | (87) | $ (644,464) | 4,363
Balance at beginning of period, treasury stock (in shares) at Dec. 31, 2023 | 5,075,500 |  |  |  |  |  | 5,075,500 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |  |
Net income (loss) | $ 88,571 | 88,452 |  |  | 88,452 |  |  | 119
Foreign currency translation adjustments | 317 | 317 |  |  |  | 317 |  |
Net subscriptions (redemptions) and other | 4,443 | 5,249 |  | 5,249 |  |  |  | (806)
Cash dividends declared, common | (44,510) | (44,510) |  |  | (44,510) |  |  |
Repurchases of common shares (in shares) |  |  | (149,057) |  |  |  | 149,057 |
Repurchases of common shares | (32,368) | (32,368) |  |  |  |  | $ (32,368) |
Issuance of common shares related to employee stock transactions (in shares) |  |  | 77,762 |  |  |  |  |
Issuance of common shares related to employee stock transactions | 0 | 0 | $ 0 | 0 |  |  |  |
Taxes paid on stock-based compensation | (11,271) | (11,271) |  | (11,271) |  |  |  |
Stock-based compensation | $ 19,251 | 19,251 |  | 19,251 |  |  |  |
Balance at end of period, common stock (in shares) at Sep. 30, 2024 | 12,240,990 |  | 7,016,433 |  |  |  |  |
Balance at end of period at Sep. 30, 2024 | $ 892,722 | 889,046 | $ 122 | 1,314,228 | 251,298 | 230 | $ (676,832) | 3,676
Balance at end of period, treasury stock (in shares) at Sep. 30, 2024 | 5,224,557 |  |  |  |  |  | 5,224,557 |
Balance at Dec. 31, 2023 | $ 104,869 |  |  |  |  |  |  |
Increase (Decrease) in Redeemable Non-controlling Interests [Roll Forward] |  |  |  |  |  |  |  |
Net income (loss) | 24,422 |  |  |  |  |  |  |
Net subscriptions (redemptions) and other | (31,180) |  |  |  |  |  |  |
Balance at Sep. 30, 2024 | 98,111 |  |  |  |  |  |  |
Balance at beginning of period, common stock (in shares) at Jun. 30, 2024 |  |  | 7,082,071 |  |  |  |  |
Balance at beginning of period at Jun. 30, 2024 | 872,118 | 868,675 | $ 122 | 1,304,176 | 226,540 | (200) | $ (661,963) | 3,443
Balance at beginning of period, treasury stock (in shares) at Jun. 30, 2024 |  |  |  |  |  |  | 5,151,707 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |  |
Net income (loss) | 41,381 | 40,980 |  |  | 40,980 |  |  | 401
Foreign currency translation adjustments | 430 | 430 |  |  |  | 430 |  |
Net subscriptions (redemptions) and other | 5,019 | 5,187 |  | 5,187 |  |  |  | (168)
Cash dividends declared, common | (16,222) | (16,222) |  |  | (16,222) |  |  |
Repurchases of common shares (in shares) |  |  | (72,850) |  |  |  | 72,850 |
Repurchases of common shares | (14,869) | (14,869) |  |  |  |  | $ (14,869) |
Issuance of common shares related to employee stock transactions (in shares) |  |  | 7,212 |  |  |  |  |
Taxes paid on stock-based compensation | (827) | (827) |  | (827) |  |  |  |
Stock-based compensation | $ 5,692 | 5,692 |  | 5,692 |  |  |  |
Balance at end of period, common stock (in shares) at Sep. 30, 2024 | 12,240,990 |  | 7,016,433 |  |  |  |  |
Balance at end of period at Sep. 30, 2024 | $ 892,722 | $ 889,046 | $ 122 | $ 1,314,228 | $ 251,298 | $ 230 | $ (676,832) | $ 3,676
Balance at end of period, treasury stock (in shares) at Sep. 30, 2024 | 5,224,557 |  |  |  |  |  | 5,224,557 |
Balance at Jun. 30, 2024 | $ 129,450 |  |  |  |  |  |  |
Increase (Decrease) in Redeemable Non-controlling Interests [Roll Forward] |  |  |  |  |  |  |  |
Net income (loss) | 7,723 |  |  |  |  |  |  |
Net subscriptions (redemptions) and other | (39,062) |  |  |  |  |  |  |
Balance at Sep. 30, 2024 | $ 98,111 |  |  |  |  |  |  |

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