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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
Revenues $ 197,874 $ 252,440
Operating Expenses    
Employment expenses 98,614 105,993
Distribution and other asset-based expenses 23,715 32,846
Depreciation expense 1,145 935
Amortization expense 14,391 14,662
Total operating expenses 169,295 186,888
Operating Income (Loss) 28,579 65,552
Other Income (Expense)    
Other income (expense), net (343) 287
Total other income (expense), net 4,923 (16,039)
Interest Income (Expense)    
Total interest income (expense), net 9,844 6,341
Income (Loss) Before Income Taxes 43,346 55,854
Income tax expense (benefit) 8,703 16,735
Net Income (Loss) 34,643 39,119
Noncontrolling interests 3,981 (6,060)
Net Income (Loss) Attributable to Virtus Investment Partners, Inc. $ 38,624 $ 33,059
Earnings (Loss) per Share—Basic (in dollars per share) $ 5.33 $ 4.38
Earnings (Loss) per Share—Diluted (in dollars per share) $ 5.21 $ 4.22
Weighted Average Shares Outstanding—Basic (in shares) 7,245 7,546
Weighted Average Shares Outstanding—Diluted (in shares) 7,410 7,839
Consolidated entity excluding consolidated investment products    
Operating Expenses    
Other operating expenses $ 30,730 $ 31,712
Other Income (Expense)    
Realized and unrealized gain (loss) on investments, net 2,670 (2,982)
Interest Income (Expense)    
Interest expense (5,005) (2,279)
Interest and dividend income 3,238 328
Consolidated Investment Products    
Operating Expenses    
Other operating expenses 700 740
Other Income (Expense)    
Realized and unrealized gain (loss) on investments, net 2,596 (13,344)
Interest Income (Expense)    
Interest expense (35,203) (12,088)
Interest and dividend income 46,814 20,380
Investment management fees    
Revenues    
Revenues 164,478 206,817
Distribution and service fees    
Revenues    
Revenues 14,153 20,007
Administration and shareholder service fees    
Revenues    
Revenues 18,359 24,344
Other income and fees    
Revenues    
Revenues $ 884 $ 1,272