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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Revenues $ 979,234 $ 603,896 $ 563,246
Operating Expenses      
Employment expenses 358,230 267,299 240,521
Distribution and other asset-based expenses 141,039 77,010 82,099
Change in fair value of contingent consideration 12,400 0 0
Restructuring and severance 0 1,155 2,302
Depreciation expense 3,900 4,660 4,992
Amortization expense 44,481 30,127 30,244
Total operating expenses 653,746 460,732 438,536
Operating Income (Loss) 325,488 143,164 124,710
Other Income (Expense)      
Other income (expense), net 4,230 1,876 2,411
Total other income (expense), net 6,376 7,050 8,253
Interest Income (Expense)      
Total interest income (expense), net 21,806 13,684 7,722
Income (Loss) Before Income Taxes 353,670 163,898 140,685
Income tax expense (benefit) 90,835 43,935 35,177
Net Income (Loss) 262,835 119,963 105,508
Noncontrolling interests (54,704) (40,006) (9,859)
Net Income (Loss) Attributable to Stockholders 208,131 79,957 95,649
Preferred stockholder dividends 0 0 (8,337)
Net Income (Loss) Attributable to Virtus Investment Partners, Inc. $ 208,131 $ 79,957 $ 87,312
Earnings (Loss) per Share—Basic (in dollars per share) $ 27.13 $ 10.49 $ 12.54
Earnings (Loss) per Share—Diluted (in dollars per share) $ 26.01 $ 10.02 $ 11.74
Weighted Average Shares Outstanding—Basic (in shares) 7,672 7,620 6,963
Weighted Average Shares Outstanding—Diluted (in shares) 8,003 7,976 8,149
Consolidated Entity excluding Consolidated Investment Products      
Operating Expenses      
Other operating expenses $ 90,134 $ 69,896 $ 74,363
Other Income (Expense)      
Realized and unrealized gain (loss) on investments, net 3,907 7,139 7,044
Interest Income (Expense)      
Interest expense (9,240) (11,894) (19,473)
Interest and dividend income 1,364 1,367 3,844
Consolidated Investment Products      
Operating Expenses      
Other operating expenses 3,562 10,585 4,015
Other Income (Expense)      
Realized and unrealized gain (loss) on investments, net (1,761) (1,965) (1,202)
Interest Income (Expense)      
Interest expense (60,398) (85,437) (92,005)
Interest and dividend income 90,080 109,648 115,356
Investment management fees      
Revenues      
Revenues 781,585 505,338 461,477
Distribution and service fees      
Revenues      
Revenues 90,555 38,425 40,898
Administration and shareholder service fees      
Revenues      
Revenues 102,531 59,463 59,884
Other income and fees      
Revenues      
Revenues $ 4,563 $ 670 $ 987