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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues      
Revenues $ 886,379 $ 979,234 $ 603,896
Operating Expenses      
Employment expenses 371,259 358,230 267,299
Distribution and other asset-based expenses 112,612 141,039 77,010
Change in fair value of contingent consideration 8,020 12,400 0
Restructuring expense 4,015 0 1,155
Depreciation expense 3,923 3,900 4,660
Amortization expense 58,504 44,481 30,127
Total operating expenses 688,919 653,746 460,732
Operating Income (Loss) 197,460 325,488 143,164
Other Income (Expense)      
Other income (expense), net (153) 4,230 1,876
Total other income (expense), net (51,938) 6,376 7,050
Interest Income (Expense)      
Total interest income (expense), net 18,366 21,806 13,684
Income (Loss) Before Income Taxes 163,888 353,670 163,898
Income tax expense (benefit) 57,260 90,835 43,935
Net Income (Loss) 106,628 262,835 119,963
Noncontrolling interests 10,913 (54,704) (40,006)
Net Income (Loss) Attributable to Virtus Investment Partners, Inc. $ 117,541 $ 208,131 $ 79,957
Earnings (Loss) per Share—Basic (in dollars per share) $ 15.90 $ 27.13 $ 10.49
Earnings (Loss) per Share—Diluted (in dollars per share) $ 15.50 $ 26.01 $ 10.02
Weighted Average Shares Outstanding—Basic (in shares) 7,391 7,672 7,620
Weighted Average Shares Outstanding—Diluted (in shares) 7,582 8,003 7,976
Consolidated Entity excluding Consolidated Investment Products      
Operating Expenses      
Other operating expenses $ 126,178 $ 90,134 $ 69,896
Other Income (Expense)      
Realized and unrealized gain (loss) on investments, net (12,489) 3,907 7,139
Interest Income (Expense)      
Interest expense (13,173) (9,240) (11,894)
Interest and dividend income 4,448 1,364 1,367
Consolidated Investment Products      
Operating Expenses      
Other operating expenses 4,408 3,562 10,585
Other Income (Expense)      
Realized and unrealized gain (loss) on investments, net (39,296) (1,761) (1,965)
Interest Income (Expense)      
Interest expense (80,234) (60,398) (85,437)
Interest and dividend income 107,325 90,080 109,648
Investment management fees      
Revenues      
Revenues 728,339 781,585 505,338
Distribution and service fees      
Revenues      
Revenues 67,518 90,555 38,425
Administration and shareholder service fees      
Revenues      
Revenues 85,862 102,531 59,463
Other income and fees      
Revenues      
Revenues $ 4,660 $ 4,563 $ 670