Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Earnings (Loss) Per Share

Earnings (Loss) Per Share

Earnings (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 March 31,
(in thousands, except per share amounts)	2024		2023
Net Income (Loss)	$	37,867	$	34,643
Noncontrolling interests	(8,009)		3,981
Net Income (Loss) Attributable to Virtus Investment Partners, Inc.	$	29,858	$	38,624
Shares:
Basic: Weighted-average number of shares outstanding	7,119		7,245
Plus: Incremental shares from assumed conversion of dilutive instruments	168		165
Diluted: Weighted-average number of shares outstanding	7,287		7,410
Earnings (Loss) per Share—Basic	$	4.19	$	5.33
Earnings (Loss) per Share—Diluted	$	4.10	$	5.21

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 March 31,
(in thousands)	2024	2023
Restricted stock units	1	40
Total anti-dilutive securities	1	40