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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Revenues $ 845,268 $ 886,379 $ 979,234
Operating Expenses      
Employment expenses 404,742 371,259 358,230
Distribution and other asset-based expenses 96,802 112,612 141,039
Change in fair value of contingent consideration (5,510) 8,020 12,400
Restructuring expense 824 4,015 0
Depreciation expense 5,804 3,923 3,900
Amortization expense 61,027 58,504 44,481
Total operating expenses 693,784 688,919 653,746
Operating Income (Loss) 151,484 197,460 325,488
Other Income (Expense)      
Other income (expense), net (440) (153) 4,230
Total other income (expense), net 3,681 (51,938) 6,376
Interest Income (Expense)      
Total interest income (expense), net 31,399 18,366 21,806
Income (Loss) Before Income Taxes 186,564 163,888 353,670
Income tax expense (benefit) 45,088 57,260 90,835
Net Income (Loss) 141,476 106,628 262,835
Noncontrolling interests (10,855) 10,913 (54,704)
Net Income (Loss) Attributable to Virtus Investment Partners, Inc. $ 130,621 $ 117,541 $ 208,131
Earnings (Loss) per Share—Basic (in dollars per share) $ 18.02 $ 15.90 $ 27.13
Earnings (Loss) per Share—Diluted (in dollars per share) $ 17.71 $ 15.50 $ 26.01
Weighted Average Shares Outstanding—Basic (in shares) 7,249 7,391 7,672
Weighted Average Shares Outstanding—Diluted (in shares) 7,375 7,582 8,003
Consolidated Entity excluding Consolidated Investment Products      
Operating Expenses      
Other operating expenses $ 125,871 $ 126,178 $ 90,134
Other Income (Expense)      
Realized and unrealized gain (loss) on investments, net 6,525 (12,489) 3,907
Interest Income (Expense)      
Interest expense (23,431) (13,173) (9,240)
Interest and dividend income 12,458 4,448 1,364
Consolidated Investment Products      
Operating Expenses      
Other operating expenses 4,224 4,408 3,562
Other Income (Expense)      
Realized and unrealized gain (loss) on investments, net (2,404) (39,296) (1,761)
Interest Income (Expense)      
Interest expense (155,335) (80,234) (60,398)
Interest and dividend income 197,707 107,325 90,080
Investment management fees      
Revenues      
Revenues 711,475 728,339 781,585
Distribution and service fees      
Revenues      
Revenues 56,153 67,518 90,555
Administration and shareholder service fees      
Revenues      
Revenues 73,857 85,862 102,531
Other income and fees      
Revenues      
Revenues $ 3,783 $ 4,660 $ 4,563