XML 39 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Assets:    
Cash and cash equivalents $ 166,031us-gaap_CashEquivalentsAtCarryingValue $ 202,847us-gaap_CashEquivalentsAtCarryingValue
Cash of consolidated sponsored investment products 2,058vrts_CashAndCashEquivalentsOfConsolidatedSponsoredInvestmentProducts 457vrts_CashAndCashEquivalentsOfConsolidatedSponsoredInvestmentProducts
Cash pledged or on deposit of consolidated sponsored investment products 9,554vrts_CashPledgedOrOnDepositOfConsolidatedSponsoredInvestmentProducts 8,230vrts_CashPledgedOrOnDepositOfConsolidatedSponsoredInvestmentProducts
Investments 56,995us-gaap_Investments 63,448us-gaap_Investments
Investments of consolidated sponsored investment products 254,481vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts 236,652vrts_InvestmentsOfConsolidatedSponsoredInvestmentProducts
Accounts receivable, net 52,792us-gaap_AccountsReceivableNet 49,721us-gaap_AccountsReceivableNet
Furniture, equipment, and leasehold improvements, net 8,578us-gaap_PropertyPlantAndEquipmentNet 7,193us-gaap_PropertyPlantAndEquipmentNet
Intangible assets, net 40,946us-gaap_IntangibleAssetsNetExcludingGoodwill 41,783us-gaap_IntangibleAssetsNetExcludingGoodwill
Goodwill 5,260us-gaap_Goodwill 5,260us-gaap_Goodwill
Deferred taxes, net 57,958us-gaap_DeferredTaxAssetsLiabilitiesNet 60,162us-gaap_DeferredTaxAssetsLiabilitiesNet
Other assets 17,092us-gaap_OtherAssets 16,060us-gaap_OtherAssets
Other assets of consolidated sponsored investment products 8,629vrts_OtherAssetsOfConsolidatedSponsoredInvestmentProducts 6,960vrts_OtherAssetsOfConsolidatedSponsoredInvestmentProducts
Total assets 680,374us-gaap_Assets 698,773us-gaap_Assets
Liabilities:    
Accrued compensation and benefits 17,343us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent 54,815us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent
Accounts payable and accrued liabilities 32,627us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent 31,627us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
Dividends payable 4,236us-gaap_DividendsPayableCurrentAndNoncurrent 4,270us-gaap_DividendsPayableCurrentAndNoncurrent
Other liabilities 9,556us-gaap_OtherLiabilities 9,082us-gaap_OtherLiabilities
Liabilities of consolidated sponsored investment products 16,491vrts_LiabilitiesOfConsolidatedSponsoredInvestmentProducts 12,556vrts_LiabilitiesOfConsolidatedSponsoredInvestmentProducts
Total liabilities 80,253us-gaap_Liabilities 112,350us-gaap_Liabilities
Commitments and Contingencies (Note 11)      
Redeemable noncontrolling interests 34,977us-gaap_TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests 23,071us-gaap_TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
Equity attributable to stockholders:    
Common stock, $0.01 par value, 1,000,000,000 shares authorized; 9,591,125 shares issued and 8,911,866 shares outstanding at March 31, 2015 and 9,551,274 shares issued and 8,975,833 shares outstanding at December 31, 2014 96us-gaap_CommonStockValue 96us-gaap_CommonStockValue
Additional paid-in capital 1,145,659us-gaap_AdditionalPaidInCapitalCommonStock 1,148,908us-gaap_AdditionalPaidInCapitalCommonStock
Accumulated deficit (488,179)us-gaap_RetainedEarningsAccumulatedDeficit (507,521)us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive loss (509)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (242)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Treasury stock, at cost, 679,259 and 575,441 shares at March 31, 2015 and December 31, 2014, respectively (91,699)us-gaap_TreasuryStockValue (77,699)us-gaap_TreasuryStockValue
Total equity attributable to stockholders 565,368us-gaap_StockholdersEquity 563,542us-gaap_StockholdersEquity
Noncontrolling interests (224)us-gaap_MinorityInterest (190)us-gaap_MinorityInterest
Total equity 565,144us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 563,352us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities and equity $ 680,374us-gaap_LiabilitiesAndStockholdersEquity $ 698,773us-gaap_LiabilitiesAndStockholdersEquity