Earnings (Loss) Per Share

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
(in thousands, except per share amounts)	2022		2021		2022		2021
Net Income (Loss)	$	27,415	$	72,511	$	80,793	$	200,822
Noncontrolling interests	4,265		(13,775)		1,348		(42,531)
Net Income (Loss) Attributable to Virtus Investment Partners, Inc.	$	31,680	$	58,736	$	82,141	$	158,291
Shares (in thousands):
Basic: Weighted-average number of shares outstanding	7,308		7,691		7,434		7,688
Plus: Incremental shares from assumed conversion of dilutive instruments	155		293		202		340
Diluted: Weighted-average number of shares outstanding	7,463		7,984		7,636		8,028
Earnings (Loss) per Share—Basic	$	4.33	$	7.64	$	11.05	$	20.59
Earnings (Loss) per Share—Diluted	$	4.25	$	7.36	$	10.76	$	19.72

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 September 30,		Nine Months Ended September 30,
(in thousands)	2022	2021	2022	2021
Restricted stock units	31	5	32	2
Total anti-dilutive securities	31	5	32	2