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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Revenues $ 222,042 $ 197,874
Operating Expenses    
Employment expenses 115,163 98,614
Distribution and other asset-based expenses 24,348 23,715
Restructuring expense 797 0
Depreciation expense 2,028 1,145
Amortization expense 15,335 14,391
Total operating expenses 189,736 169,295
Operating Income (Loss) 32,306 28,579
Other Income (Expense)    
Other income (expense), net 550 (343)
Total other income (expense), net 5,501 4,923
Interest Income (Expense)    
Total interest income (expense), net 8,891 9,844
Income (Loss) Before Income Taxes 46,698 43,346
Income tax expense (benefit) 8,831 8,703
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
Earnings (Loss) per Share—Basic (in dollars per share) $ 4.19 $ 5.33
Earnings (Loss) per Share—Diluted (in dollars per share) $ 4.10 $ 5.21
Weighted Average Shares Outstanding—Basic (in shares) 7,119 7,245
Weighted Average Shares Outstanding—Diluted (in shares) 7,287 7,410
Consolidated Entity excluding Consolidated Investment Products    
Operating Expenses    
Other operating expenses $ 31,375 $ 30,730
Other Income (Expense)    
Realized and unrealized gain (loss) on investments, net 3,416 2,670
Interest Income (Expense)    
Interest expense (5,681) (5,005)
Interest and dividend income 3,469 3,238
Consolidated Investment Products    
Operating Expenses    
Other operating expenses 690 700
Other Income (Expense)    
Realized and unrealized gain (loss) on investments, net 1,535 2,596
Interest Income (Expense)    
Interest expense (40,012) (35,203)
Interest and dividend income 51,115 46,814
Investment management fees    
Revenues    
Revenues 188,360 164,478
Distribution and service fees    
Revenues    
Revenues 14,030 14,153
Administration and shareholder service fees    
Revenues    
Revenues 18,678 18,359
Other income and fees    
Revenues    
Revenues $ 974 $ 884