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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenues    
Investment management fees $ 70,496us-gaap_InvestmentAdvisoryFees $ 71,792us-gaap_InvestmentAdvisoryFees
Distribution and service fees 19,598us-gaap_DistributionAndServicingFees 22,438us-gaap_DistributionAndServicingFees
Administration and transfer agent fees 13,042us-gaap_FeesAndCommissionsTransferAgent 13,073us-gaap_FeesAndCommissionsTransferAgent
Other income and fees 695us-gaap_RevenueOtherFinancialServices 568us-gaap_RevenueOtherFinancialServices
Total revenues 103,831us-gaap_Revenues 107,871us-gaap_Revenues
Operating Expenses    
Employment expenses 35,622us-gaap_LaborAndRelatedExpense 35,029us-gaap_LaborAndRelatedExpense
Distribution and administration expenses 24,507us-gaap_ExpenseRelatedToDistributionOrServicingAndUnderwritingFees 27,737us-gaap_ExpenseRelatedToDistributionOrServicingAndUnderwritingFees
Other operating expenses 16,726us-gaap_OtherCostAndExpenseOperating 10,534us-gaap_OtherCostAndExpenseOperating
Other operating expenses of consolidated sponsored investment products 818vrts_OtherOperatingExpensesOfConsolidatedSponsoredInvestmentProducts 331vrts_OtherOperatingExpensesOfConsolidatedSponsoredInvestmentProducts
Depreciation and other amortization 779us-gaap_Depreciation 657us-gaap_Depreciation
Amortization expense 837vrts_AmortizationOfIntangibleAssetsAndContingentAmortization 957vrts_AmortizationOfIntangibleAssetsAndContingentAmortization
Total operating expenses 79,289us-gaap_OperatingExpenses 75,245us-gaap_OperatingExpenses
Operating Income 24,542us-gaap_OperatingIncomeLoss 32,626us-gaap_OperatingIncomeLoss
Other Income (Expense)    
Realized and unrealized gain on investments, net 545us-gaap_GainLossOnInvestments 1,846us-gaap_GainLossOnInvestments
Realized and unrealized gain on investments of consolidated sponsored investment products, net 2,590vrts_RealizedAndUnrealizedGainLossOnInvestmentsOfConsolidatedSponsoredInvestmentProductsNet 36vrts_RealizedAndUnrealizedGainLossOnInvestmentsOfConsolidatedSponsoredInvestmentProductsNet
Other income, net 435us-gaap_OtherNonoperatingIncomeExpense 151us-gaap_OtherNonoperatingIncomeExpense
Total other income, net 3,570us-gaap_NonoperatingIncomeExpense 2,033us-gaap_NonoperatingIncomeExpense
Interest Income (Expense)    
Interest expense (123)us-gaap_InterestExpense (138)us-gaap_InterestExpense
Interest and dividend income 280us-gaap_InvestmentIncomeInterestAndDividend 383us-gaap_InvestmentIncomeInterestAndDividend
Interest and dividend income of investments of consolidated sponsored investment products 2,324vrts_InterestDividendIncomeOfInvestmentsOfConsolidatedSponsoredInvestmentProducts 873vrts_InterestDividendIncomeOfInvestmentsOfConsolidatedSponsoredInvestmentProducts
Total interest income, net 2,481us-gaap_InterestIncomeExpenseNet 1,118us-gaap_InterestIncomeExpenseNet
Income Before Income Taxes 30,593us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 35,777us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense 10,868us-gaap_IncomeTaxExpenseBenefit 14,010us-gaap_IncomeTaxExpenseBenefit
Net Income 19,725us-gaap_NetIncomeLoss 21,767us-gaap_NetIncomeLoss
Noncontrolling interests (383)us-gaap_IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity 171us-gaap_IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
Net Income Attributable to Common Stockholders $ 19,342us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 21,938us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Earnings per share-Basic $ 2.16us-gaap_EarningsPerShareBasic $ 2.41us-gaap_EarningsPerShareBasic
Earnings per share-Diluted $ 2.11us-gaap_EarningsPerShareDiluted $ 2.34us-gaap_EarningsPerShareDiluted
Cash dividends declared per share $ 0.45us-gaap_CommonStockDividendsPerShareDeclared  
Weighted Average Shares Outstanding-Basic (in thousands) 8,964us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 9,116us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Weighted Average Shares Outstanding-Diluted (in thousands) 9,151us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 9,361us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding