Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Earnings (Loss) Per Share

Earnings (Loss) Per ShareEarnings (loss) per share ("EPS") is calculated in accordance with ASC 260, Earnings per Share. Basic EPS is computed by dividing net income (loss) attributable to Virtus Investment Partners, Inc. by the weighted-average number of common shares outstanding for the period, excluding dilution for potential common stock issuances. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock, including shares issuable upon the vesting of RSUs and stock option exercises using the treasury stock method, as determined under the if-converted method.

The computation of basic and diluted EPS is as follows: 

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except per share amounts)	2022		2021		2022		2021
Net Income (Loss)	$	14,259	$	76,097	$	53,378	$	128,311
Noncontrolling interests	3,143		(13,130)		(2,917)		(28,756)
Net Income (Loss) Attributable to Virtus Investment Partners, Inc.	$	17,402	$	62,967	$	50,461	$	99,555
Shares (in thousands):
Basic: Weighted-average number of shares outstanding	7,449		7,698		7,496		7,674
Plus: Incremental shares from assumed conversion of dilutive instruments	158		309		225		364
Diluted: Weighted-average number of shares outstanding	7,607		8,007		7,721		8,038
Earnings (Loss) per Share—Basic	$	2.34	$	8.18	$	6.73	$	12.97
Earnings (Loss) per Share—Diluted	$	2.29	$	7.86	$	6.54	$	12.39

The following table details the securities that have been excluded from the above computation of weighted-average number of shares for diluted EPS, because the effect would be anti-dilutive.

	Three Months Ended June 30,		Six Months Ended June 30,
(in thousands)	2022	2021	2022	2021
Restricted stock units	84	5	24	6
Total anti-dilutive securities	84	5	24	6