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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues      
Investment management fees $ 300,663us-gaap_InvestmentAdvisoryFees $ 260,557us-gaap_InvestmentAdvisoryFees $ 187,875us-gaap_InvestmentAdvisoryFees
Distribution and service fees 91,950us-gaap_DistributionAndServicingFees 78,965us-gaap_DistributionAndServicingFees 56,866us-gaap_DistributionAndServicingFees
Administration and transfer agent fees 56,016us-gaap_FeesAndCommissionsTransferAgent 48,185us-gaap_FeesAndCommissionsTransferAgent 33,779us-gaap_FeesAndCommissionsTransferAgent
Other income and fees 1,969us-gaap_RevenueOtherFinancialServices 1,508us-gaap_RevenueOtherFinancialServices 1,566us-gaap_RevenueOtherFinancialServices
Total revenues 450,598us-gaap_Revenues 389,215us-gaap_Revenues 280,086us-gaap_Revenues
Operating Expenses      
Employment expenses 139,809us-gaap_LaborAndRelatedExpense 131,768us-gaap_LaborAndRelatedExpense 105,571us-gaap_LaborAndRelatedExpense
Distribution and administration expenses 123,665us-gaap_ExpenseRelatedToDistributionOrServicingAndUnderwritingFees 97,786us-gaap_ExpenseRelatedToDistributionOrServicingAndUnderwritingFees 72,210us-gaap_ExpenseRelatedToDistributionOrServicingAndUnderwritingFees
Other operating expenses 46,531us-gaap_OtherCostAndExpenseOperating 38,321us-gaap_OtherCostAndExpenseOperating 34,017us-gaap_OtherCostAndExpenseOperating
Other operating expenses of consolidated sponsored investment products 3,038vrts_OtherOperatingExpensesOfConsolidatedSponsoredInvestmentProducts 798vrts_OtherOperatingExpensesOfConsolidatedSponsoredInvestmentProducts 315vrts_OtherOperatingExpensesOfConsolidatedSponsoredInvestmentProducts
Restructuring and severance 294us-gaap_RestructuringCharges 203us-gaap_RestructuringCharges 1,597us-gaap_RestructuringCharges
Depreciation and other amortization 2,763us-gaap_Depreciation 2,422us-gaap_Depreciation 1,810us-gaap_Depreciation
Amortization expense 3,778vrts_AmortizationOfIntangibleAssetsAndContingentAmortization 4,413vrts_AmortizationOfIntangibleAssetsAndContingentAmortization 4,121vrts_AmortizationOfIntangibleAssetsAndContingentAmortization
Total operating expenses 319,878us-gaap_OperatingExpenses 275,711us-gaap_OperatingExpenses 219,641us-gaap_OperatingExpenses
Operating Income 130,720us-gaap_OperatingIncomeLoss 113,504us-gaap_OperatingIncomeLoss 60,445us-gaap_OperatingIncomeLoss
Other Income (Expense)      
Realized and unrealized gain on investments, net 914us-gaap_GainLossOnInvestments 2,350us-gaap_GainLossOnInvestments 1,891us-gaap_GainLossOnInvestments
Realized and unrealized (loss) gain on investments of consolidated sponsored investment products, net (4,648)vrts_RealizedAndUnrealizedGainLossOnInvestmentsOfConsolidatedSponsoredInvestmentProductsNet 3,515vrts_RealizedAndUnrealizedGainLossOnInvestmentsOfConsolidatedSponsoredInvestmentProductsNet 2,072vrts_RealizedAndUnrealizedGainLossOnInvestmentsOfConsolidatedSponsoredInvestmentProductsNet
Other income (expense), net 891us-gaap_OtherNonoperatingIncomeExpense 74us-gaap_OtherNonoperatingIncomeExpense (38)us-gaap_OtherNonoperatingIncomeExpense
Total other (expense) income, net (2,843)us-gaap_NonoperatingIncomeExpense 5,939us-gaap_NonoperatingIncomeExpense 3,925us-gaap_NonoperatingIncomeExpense
Interest Income (Expense)      
Interest expense (537)us-gaap_InterestExpense (782)us-gaap_InterestExpense (854)us-gaap_InterestExpense
Interest and dividend income 1,706us-gaap_InvestmentIncomeInterestAndDividend 664us-gaap_InvestmentIncomeInterestAndDividend 710us-gaap_InvestmentIncomeInterestAndDividend
Interest and dividend income of investments of consolidated sponsored investment products 7,268vrts_InterestDividendIncomeOfInvestmentsOfConsolidatedSponsoredInvestmentProducts 2,583vrts_InterestDividendIncomeOfInvestmentsOfConsolidatedSponsoredInvestmentProducts 577vrts_InterestDividendIncomeOfInvestmentsOfConsolidatedSponsoredInvestmentProducts
Total interest income, net 8,437us-gaap_InterestIncomeExpenseNet 2,465us-gaap_InterestIncomeExpenseNet 433us-gaap_InterestIncomeExpenseNet
Income Before Income Taxes 136,314us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 121,908us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 64,803us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense 39,349us-gaap_IncomeTaxExpenseBenefit 44,778us-gaap_IncomeTaxExpenseBenefit 27,030us-gaap_IncomeTaxExpenseBenefit
Net Income 96,965us-gaap_NetIncomeLoss 77,130us-gaap_NetIncomeLoss 37,773us-gaap_NetIncomeLoss
Noncontrolling interests 735us-gaap_IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity (1,940)us-gaap_IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity (101)us-gaap_IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
Allocation of earnings to preferred stockholders 0us-gaap_PreferredStockDividendsAndOtherAdjustments   (64)us-gaap_PreferredStockDividendsAndOtherAdjustments
Net Income Attributable to Common Stockholders $ 97,700us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 75,190us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 37,608us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Earnings per share-Basic $ 10.75us-gaap_EarningsPerShareBasic $ 9.18us-gaap_EarningsPerShareBasic $ 4.87us-gaap_EarningsPerShareBasic
Earnings per share-Diluted $ 10.51us-gaap_EarningsPerShareDiluted $ 8.92us-gaap_EarningsPerShareDiluted $ 4.66us-gaap_EarningsPerShareDiluted
Cash dividends declared per share $ 1.35us-gaap_CommonStockDividendsPerShareDeclared    
Weighted Average Shares Outstanding-Basic (in thousands) 9,091us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 8,188us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 7,727us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Weighted Average Shares Outstanding-Diluted (in thousands) 9,292us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 8,433us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 8,073us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding