XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Revenues $ 252,440 $ 216,897
Operating Expenses    
Employment expenses 105,993 91,759
Distribution and other asset-based expenses 32,846 32,294
Depreciation expense 935 1,098
Amortization expense 14,662 9,465
Total operating expenses 186,888 154,755
Operating Income (Loss) 65,552 62,142
Other Income (Expense)    
Other income (expense), net 287 1,771
Total other income (expense), net (16,039) (2,025)
Interest Income (Expense)    
Total interest income (expense), net 6,341 7,250
Income (Loss) Before Income Taxes 55,854 67,367
Income tax expense (benefit) 16,735 15,153
Net Income (Loss) 39,119 52,214
Noncontrolling interests (6,060) (15,626)
Net Income (Loss) Attributable to Virtus Investment Partners, Inc. $ 33,059 $ 36,588
Earnings (Loss) Per share—Basic (in dollars per share) $ 4.38 $ 4.79
Earnings (Loss) Per Share—Diluted (in dollars per share) $ 4.22 $ 4.54
Weighted Average Shares Outstanding—Basic (in shares) 7,546 7,633
Weighted Average Shares Outstanding—Diluted (in shares) 7,839 8,052
Consolidated entity excluding consolidated investment products    
Operating Expenses    
Other operating expenses $ 31,712 $ 19,580
Other Income (Expense)    
Realized and unrealized gain (loss) on investments, net (2,982) 891
Interest Income (Expense)    
Interest expense (2,279) (2,314)
Interest and dividend income 328 136
Consolidated Investment Products    
Operating Expenses    
Other operating expenses 740 559
Other Income (Expense)    
Realized and unrealized gain (loss) on investments, net (13,344) (4,687)
Interest Income (Expense)    
Interest expense (12,088) (14,448)
Interest and dividend income 20,380 23,876
Investment management fees    
Revenues    
Revenues 206,817 173,269
Distribution and service fees    
Revenues    
Revenues 20,007 20,348
Administration and shareholder service fees    
Revenues    
Revenues 24,344 22,560
Other income and fees    
Revenues    
Revenues $ 1,272 $ 720