XML 68 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Changes in Stockholders' Equity (USD $)
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit [Member]
Accumulated Other Comprehensive (Loss) Income [Member]
Treasury Stock [Member]
Total Attributed To Shareholders [Member]
Non-controlling Interest [Member]
Redeemable Non-controlling Interest [Member]
Beginning Balance at Dec. 31, 2011 $ 183,155,000us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $ 63,000us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
$ 909,983,000us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
$ (718,083,000)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
$ (14,000)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
$ (8,794,000)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
$ 183,155,000us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
   
Balance, shares at Dec. 31, 2011   6,188,295us-gaap_CommonStockSharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
      155,000us-gaap_CommonStockSharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
     
Net income (loss) 37,669,000vrts_NetIncomeLossAvailableToCommonStockholdersAfterAdjustments     37,672,000vrts_NetIncomeLossAvailableToCommonStockholdersAfterAdjustments
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
    37,672,000vrts_NetIncomeLossAvailableToCommonStockholdersAfterAdjustments
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
(3,000)vrts_NetIncomeLossAvailableToCommonStockholdersAfterAdjustments
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
104,000vrts_NetIncomeLossAvailableToCommonStockholdersAfterAdjustments
/ us-gaap_StatementEquityComponentsAxis
= vrts_RedeemableNoncontrollingInterestMember
Net unrealized gain (loss) on securities available-for-sale (273,000)us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax       (273,000)us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
  (273,000)us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
   
Preferred stock conversion 35,217,000us-gaap_ConvertiblePreferredStockConvertedToOtherSecurities 14,000us-gaap_ConvertiblePreferredStockConvertedToOtherSecurities
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
35,203,000us-gaap_ConvertiblePreferredStockConvertedToOtherSecurities
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
      35,217,000us-gaap_ConvertiblePreferredStockConvertedToOtherSecurities
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
   
Preferred stock conversion, shares   1,349,300us-gaap_ConvertiblePreferredStockSharesIssuedUponConversion
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
             
Activity of noncontrolling interests, net                 3,059,000vrts_NoncontrollingInterestInNetIncomeLossNoncontrollingInterestsRedeemable
/ us-gaap_StatementEquityComponentsAxis
= vrts_RedeemableNoncontrollingInterestMember
Repurchase of common shares (8,940,000)us-gaap_StockRepurchasedDuringPeriodValue         (8,940,000)us-gaap_StockRepurchasedDuringPeriodValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
(8,940,000)us-gaap_StockRepurchasedDuringPeriodValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
   
Repurchase of common shares, shares   (90,000)us-gaap_TreasuryStockSharesAcquired
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
      90,000us-gaap_TreasuryStockSharesAcquired
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
     
Issuance of common stock related to employee stock transactions 3,188,000us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation 4,000us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
3,184,000us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
      3,188,000us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
   
Issuance of common stock related to employee stock transactions, shares   379,079us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
             
Taxes paid on stock-based compensation (11,951,000)us-gaap_AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensation   (11,951,000)us-gaap_AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
      (11,951,000)us-gaap_AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
   
Stock-based compensation 6,406,000us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue   6,406,000us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
      6,406,000us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
   
Ending Balance at Dec. 31, 2012 244,471,000us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 81,000us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
942,825,000us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
(680,411,000)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
(287,000)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
(17,734,000)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
244,474,000us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
(3,000)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
3,163,000us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= vrts_RedeemableNoncontrollingInterestMember
Balance, shares at Dec. 31, 2012   7,826,674us-gaap_CommonStockSharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
      245,000us-gaap_CommonStockSharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
     
Net income (loss) 75,131,000vrts_NetIncomeLossAvailableToCommonStockholdersAfterAdjustments     75,190,000vrts_NetIncomeLossAvailableToCommonStockholdersAfterAdjustments
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
    75,190,000vrts_NetIncomeLossAvailableToCommonStockholdersAfterAdjustments
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
(59,000)vrts_NetIncomeLossAvailableToCommonStockholdersAfterAdjustments
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
1,999,000vrts_NetIncomeLossAvailableToCommonStockholdersAfterAdjustments
/ us-gaap_StatementEquityComponentsAxis
= vrts_RedeemableNoncontrollingInterestMember
Net unrealized gain (loss) on securities available-for-sale 56,000us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax       56,000us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
  56,000us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
   
Foreign currency translation adjustment 81,000us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax       81,000us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
  81,000us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
   
Activity of noncontrolling interests, net                 37,024,000vrts_NoncontrollingInterestInNetIncomeLossNoncontrollingInterestsRedeemable
/ us-gaap_StatementEquityComponentsAxis
= vrts_RedeemableNoncontrollingInterestMember
Issuance of common stock, net 191,578,000us-gaap_StockIssuedDuringPeriodValueNewIssues 13,000us-gaap_StockIssuedDuringPeriodValueNewIssues
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
191,565,000us-gaap_StockIssuedDuringPeriodValueNewIssues
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
      191,578,000us-gaap_StockIssuedDuringPeriodValueNewIssues
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
   
Cash dividends declared ($1.35 per common share) 0us-gaap_DividendsCommonStockCash                
Issuance of common stock, net, shares   1,298,386us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
             
Repurchase of common shares (19,704,000)us-gaap_StockRepurchasedDuringPeriodValue         (19,704,000)us-gaap_StockRepurchasedDuringPeriodValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
(19,704,000)us-gaap_StockRepurchasedDuringPeriodValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
   
Repurchase of common shares, shares 105,000us-gaap_TreasuryStockSharesAcquired (105,000)us-gaap_TreasuryStockSharesAcquired
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
      105,000us-gaap_TreasuryStockSharesAcquired
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
     
Issuance of common stock related to employee stock transactions 633,000us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation 1,000us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
632,000us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
      633,000us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
   
Issuance of common stock related to employee stock transactions, shares   85,461us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
             
Taxes paid on stock-based compensation (7,513,000)us-gaap_AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensation   (7,513,000)us-gaap_AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
      (7,513,000)us-gaap_AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
   
Stock-based compensation 7,657,000us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue   7,657,000us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
      7,657,000us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
   
Excess tax benefits from stock-based compensation 478,000us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation   478,000us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
      478,000us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
   
Ending Balance at Dec. 31, 2013 492,868,000us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 95,000us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
1,135,644,000us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
(605,221,000)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
(150,000)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
(37,438,000)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
492,930,000us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
(62,000)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
42,186,000us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= vrts_RedeemableNoncontrollingInterestMember
Balance, shares at Dec. 31, 2013 9,105,521us-gaap_CommonStockSharesOutstanding 9,105,521us-gaap_CommonStockSharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
      350,000us-gaap_CommonStockSharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
     
Net income (loss) 97,572,000vrts_NetIncomeLossAvailableToCommonStockholdersAfterAdjustments 0vrts_NetIncomeLossAvailableToCommonStockholdersAfterAdjustments
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
0vrts_NetIncomeLossAvailableToCommonStockholdersAfterAdjustments
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
97,700,000vrts_NetIncomeLossAvailableToCommonStockholdersAfterAdjustments
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
0vrts_NetIncomeLossAvailableToCommonStockholdersAfterAdjustments
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
0vrts_NetIncomeLossAvailableToCommonStockholdersAfterAdjustments
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
97,700,000vrts_NetIncomeLossAvailableToCommonStockholdersAfterAdjustments
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
(128,000)vrts_NetIncomeLossAvailableToCommonStockholdersAfterAdjustments
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
(607,000)vrts_NetIncomeLossAvailableToCommonStockholdersAfterAdjustments
/ us-gaap_StatementEquityComponentsAxis
= vrts_RedeemableNoncontrollingInterestMember
Net unrealized gain (loss) on securities available-for-sale 124,000us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax 0us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
0us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
0us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
124,000us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
0us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
124,000us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
0us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
0us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= vrts_RedeemableNoncontrollingInterestMember
Foreign currency translation adjustment (216,000)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax 0us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
0us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
0us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
(216,000)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
0us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
(216,000)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
0us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
0us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= vrts_RedeemableNoncontrollingInterestMember
Activity of noncontrolling interests, net 0vrts_NoncontrollingInterestInNetIncomeLossNoncontrollingInterestsRedeemable 0vrts_NoncontrollingInterestInNetIncomeLossNoncontrollingInterestsRedeemable
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
0vrts_NoncontrollingInterestInNetIncomeLossNoncontrollingInterestsRedeemable
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
0vrts_NoncontrollingInterestInNetIncomeLossNoncontrollingInterestsRedeemable
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
0vrts_NoncontrollingInterestInNetIncomeLossNoncontrollingInterestsRedeemable
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
0vrts_NoncontrollingInterestInNetIncomeLossNoncontrollingInterestsRedeemable
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
0vrts_NoncontrollingInterestInNetIncomeLossNoncontrollingInterestsRedeemable
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
0vrts_NoncontrollingInterestInNetIncomeLossNoncontrollingInterestsRedeemable
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
(18,508,000)vrts_NoncontrollingInterestInNetIncomeLossNoncontrollingInterestsRedeemable
/ us-gaap_StatementEquityComponentsAxis
= vrts_RedeemableNoncontrollingInterestMember
Cash dividends declared ($1.35 per common share) (12,451,000)us-gaap_DividendsCommonStockCash 0us-gaap_DividendsCommonStockCash
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
(12,451,000)us-gaap_DividendsCommonStockCash
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
0us-gaap_DividendsCommonStockCash
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
0us-gaap_DividendsCommonStockCash
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
0us-gaap_DividendsCommonStockCash
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
(12,451,000)us-gaap_DividendsCommonStockCash
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
0us-gaap_DividendsCommonStockCash
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
0us-gaap_DividendsCommonStockCash
/ us-gaap_StatementEquityComponentsAxis
= vrts_RedeemableNoncontrollingInterestMember
Repurchase of common shares (40,261,000)us-gaap_StockRepurchasedDuringPeriodValue 0us-gaap_StockRepurchasedDuringPeriodValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
0us-gaap_StockRepurchasedDuringPeriodValue
/ us-gaap_StatementEquityComponentsAxis
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0us-gaap_StockRepurchasedDuringPeriodValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
0us-gaap_StockRepurchasedDuringPeriodValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
(40,261,000)us-gaap_StockRepurchasedDuringPeriodValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
(40,261,000)us-gaap_StockRepurchasedDuringPeriodValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
0us-gaap_StockRepurchasedDuringPeriodValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
0us-gaap_StockRepurchasedDuringPeriodValue
/ us-gaap_StatementEquityComponentsAxis
= vrts_RedeemableNoncontrollingInterestMember
Repurchase of common shares, shares 225,441us-gaap_TreasuryStockSharesAcquired (225,441)us-gaap_TreasuryStockSharesAcquired
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
      225,441us-gaap_TreasuryStockSharesAcquired
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
     
Issuance of common stock related to employee stock transactions 1,417,000us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation 1,000us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
1,416,000us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
0us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
0us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
0us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
1,417,000us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
0us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
0us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= vrts_RedeemableNoncontrollingInterestMember
Issuance of common stock related to employee stock transactions, shares   95,753us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
             
Taxes paid on stock-based compensation (9,512,000)us-gaap_AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensation 0us-gaap_AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
(9,512,000)us-gaap_AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
0us-gaap_AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
0us-gaap_AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
0us-gaap_AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
(9,512,000)us-gaap_AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
  0us-gaap_AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= vrts_RedeemableNoncontrollingInterestMember
Stock-based compensation 9,006,000us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue 0us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
9,006,000us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
0us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
0us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
0us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
9,006,000us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
0us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
0us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= vrts_RedeemableNoncontrollingInterestMember
Excess tax benefits from stock-based compensation 24,805,000us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation 0us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
24,805,000us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
0us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
0us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
0us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
24,805,000us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
0us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
0us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= vrts_RedeemableNoncontrollingInterestMember
Ending Balance at Dec. 31, 2014 $ 563,352,000us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $ 96,000us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
$ 1,148,908,000us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
$ (507,521,000)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
$ (242,000)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
$ (77,699,000)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember
$ 563,542,000us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
$ (190,000)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
$ 23,071,000us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= vrts_RedeemableNoncontrollingInterestMember
Balance, shares at Dec. 31, 2014 8,975,833us-gaap_CommonStockSharesOutstanding 8,975,833us-gaap_CommonStockSharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
      575,441us-gaap_CommonStockSharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_TreasuryStockMember