$VRTS
Virtus Investment Partners Inc Stock $vrts

$vrts Overview Financials Valuation SEC Filings Company Website

2013 Q1 Form 10-Q Financial Statement

#000119312513204606 Filed on May 07, 2013

Income Statement

Concept	2013 Q1	2012 Q1
Revenue	$86.17M	$62.40M
YoY Change	38.09%	41.42%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin	$200.0K	$700.0K
YoY Change	-71.43%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$1.739M	$323.0K
YoY Change	438.39%
% of Gross Profit
Operating Expenses	$65.07M	$54.45M
YoY Change	19.51%
Operating Profit	$21.10M	$7.953M
YoY Change	165.31%	79.0%
Interest Expense	$221.0K	$201.0K
YoY Change	9.95%
% of Operating Profit	1.05%	2.53%
Other Income/Expense, Net	$1.179M	$1.224M
YoY Change	-3.68%
Pretax Income	$22.64M	$9.082M
YoY Change	149.23%
Income Tax	$8.450M	$3.632M
% Of Pretax Income	37.33%	39.99%
Net Earnings	$14.19M	$5.450M
YoY Change	160.28%
Net Earnings / Revenue	16.46%	8.73%
Basic Earnings Per Share	$1.79	$0.72
Diluted Earnings Per Share	$1.73	$0.68
COMMON SHARES
Basic Shares Outstanding	7.820M shares	7.468M shares
Diluted Shares Outstanding	8.088M shares	7.966M shares

Balance Sheet

Concept	2013 Q1	2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$104.2M
YoY Change
Cash & Equivalents	$45.93M	$32.82M
Short-Term Investments	$58.32M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$42.50M
Other Receivables
Total Short-Term Assets	$154.2M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment	$7.669M
YoY Change
Goodwill	$5.260M
YoY Change
Intangibles	$47.66M	$51.14M
YoY Change	-6.81%
Long-Term Investments
YoY Change
Other Assets	$12.02M
YoY Change
Total Long-Term Assets	$160.5M
YoY Change
TOTAL ASSETS
Total Short-Term Assets	$154.2M
Total Long-Term Assets	$160.5M
Total Assets	$314.7M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$9.030M
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$44.92M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities	$22.54M
YoY Change
Total Long-Term Liabilities	$22.54M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities	$44.92M
Total Long-Term Liabilities	$22.54M
Total Liabilities	$67.46M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings	-$666.5M
YoY Change
Common Stock	$81.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)	$28.09M
YoY Change
Treasury Stock Shares	305.0K shares
Shareholders Equity	$245.1M	$224.5M
YoY Change
Total Liabilities & Shareholders Equity	$314.7M
YoY Change

Cashflow Statement

Concept	2013 Q1	2012 Q1
OPERATING ACTIVITIES
Net Income	$14.19M	$5.450M
YoY Change	160.28%
Depreciation, Depletion And Amortization	$1.739M	$323.0K
YoY Change	438.39%
Cash From Operating Activities	-$5.362M	-$9.425M
YoY Change	-43.11%
INVESTING ACTIVITIES
Capital Expenditures	$762.0K	$1.427M
YoY Change	-46.6%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$1.544M	-$1.569M
YoY Change	-1.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$10.36M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-10.61M	-1.452M
YoY Change	630.65%
NET CHANGE
Cash From Operating Activities	-5.362M	-9.425M
Cash From Investing Activities	-1.544M	-1.569M
Cash From Financing Activities	-10.61M	-1.452M
Net Change In Cash	-17.52M	-12.45M
YoY Change	40.73%
FREE CASH FLOW
Cash From Operating Activities	-$5.362M	-$9.425M
Capital Expenditures	$762.0K	$1.427M
Free Cash Flow	-$6.124M	-$10.85M
YoY Change	-43.57%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2012Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	32821000
CY2012Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	51141000
CY2012Q1	us-gaap	Stockholders Equity StockholdersEquity	224457000
CY2012Q1	us-gaap	Available For Sale Securities Gross Unrealized Gain Loss AvailableForSaleSecuritiesGrossUnrealizedGainLoss	-75000
CY2013Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	305000	shares
CY2013Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	1000000000	shares
CY2013Q1	us-gaap	Accounts Payable Related Parties Current And Noncurrent AccountsPayableRelatedPartiesCurrentAndNoncurrent	100000
CY2013Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	245148000
CY2013Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	18103000
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized	1800000	shares
CY2013Q1	us-gaap	Payables To Broker Dealers And Clearing Organizations PayablesToBrokerDealersAndClearingOrganizations	7262000
CY2013Q1	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	5158000
CY2013Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	184871000
CY2013Q1	us-gaap	Investments Fair Value Disclosure InvestmentsFairValueDisclosure	3168000
CY2013Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-54000
CY2013Q1	us-gaap	Marketable Securities MarketableSecurities	58317000
CY2013Q1	us-gaap	Liabilities Current LiabilitiesCurrent	44919000
CY2013Q1	us-gaap	Deferred Tax Assets Liabilities Net Current DeferredTaxAssetsLiabilitiesNetCurrent	1143000
CY2013Q1	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	7544000
CY2013Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-666451000
CY2013Q1	us-gaap	Assets Assets	314732000
CY2013Q1	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	61485000
CY2013Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	45931000
CY2013Q1	us-gaap	Deferred Tax Assets Liabilities Net Noncurrent DeferredTaxAssetsLiabilitiesNetNoncurrent	87916000
CY2013Q1	us-gaap	Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased	45000	shares
CY2013Q1	us-gaap	Nonredeemable Noncontrolling Interest NonredeemableNoncontrollingInterest	21000
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	20.63
CY2013Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	42495000
CY2013Q1	us-gaap	Minority Interest MinorityInterest	2142000
CY2013Q1	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	32416000
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	207858	shares
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	508765	shares
CY2013Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	12018000
CY2013Q1	us-gaap	Available For Sale Securities Current AvailableForSaleSecuritiesCurrent	2816000
CY2013Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	314732000
CY2013Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	8125139	shares
CY2013Q1	us-gaap	Common Stock Value CommonStockValue	81000
CY2013Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	169629000
CY2013Q1	us-gaap	Goodwill Goodwill	5260000
CY2013Q1	us-gaap	Liabilities Liabilities	67463000
CY2013Q1	us-gaap	Long Term Debt LongTermDebt	15000000
CY2013Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	47658000
CY2013Q1	us-gaap	Cash Equivalents At Carrying Value CashEquivalentsAtCarryingValue	45874000
CY2013Q1	us-gaap	Treasury Stock Value TreasuryStockValue	28090000
CY2013Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	7669000
CY2013Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2013Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	7820139	shares
CY2013Q1	us-gaap	Assets Current AssetsCurrent	154211000
CY2013Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	939662000
CY2013Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	9908000
CY2013Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2013Q1	us-gaap	Trading Securities Current TradingSecuritiesCurrent	18853000
CY2013Q1	us-gaap	Stockholders Equity StockholdersEquity	245127000
CY2013Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	15242000
CY2013Q1	us-gaap	Available For Sale Securities Gross Unrealized Gain Loss AvailableForSaleSecuritiesGrossUnrealizedGainLoss	-54000
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CY2013Q1	us-gaap	Assets Noncurrent AssetsNoncurrent	160521000
CY2013Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	9030000
CY2013Q1	vrts	Marketable Securities Cost MarketableSecuritiesCost	54436000
CY2013Q1	vrts	Marketable Securities Unrealized Gain MarketableSecuritiesUnrealizedGain	5006000
CY2013Q1	vrts	Marketable Securities Unrealized Loss MarketableSecuritiesUnrealizedLoss	1125000
CY2013Q1	vrts	Other Current Assets Of Consolidated Sponsored Investment Products OtherCurrentAssetsOfConsolidatedSponsoredInvestmentProducts	1167000
CY2013Q1	vrts	Other Accrued Liabilities Of Consolidated Sponsored Investment Products OtherAccruedLiabilitiesOfConsolidatedSponsoredInvestmentProducts	616000
CY2013Q1	vrts	Cash And Cash Equivalents Of Consolidated Sponsored Investment Products CashAndCashEquivalentsOfConsolidatedSponsoredInvestmentProducts	57000
CY2013Q1	vrts	Investments Of Consolidated Sponsored Investment Products InvestmentsOfConsolidatedSponsoredInvestmentProducts	36648000
CY2011Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	45267000
CY2011Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	52096000
CY2011Q4	us-gaap	Stockholders Equity StockholdersEquity	183155000
CY2011Q4	us-gaap	Available For Sale Securities Gross Unrealized Gain Loss AvailableForSaleSecuritiesGrossUnrealizedGainLoss	-14000
CY2012Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	245000	shares
CY2012Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	1000000000	shares
CY2012Q4	us-gaap	Accounts Payable Related Parties Current And Noncurrent AccountsPayableRelatedPartiesCurrentAndNoncurrent	100000
CY2012Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	244474000
CY2012Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	41252000
CY2012Q4	us-gaap	Payables To Broker Dealers And Clearing Organizations PayablesToBrokerDealersAndClearingOrganizations	6152000
CY2012Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	3951000
CY2012Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	197704000
CY2012Q4	us-gaap	Investments Fair Value Disclosure InvestmentsFairValueDisclosure	2970000
CY2012Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-287000
CY2012Q4	us-gaap	Marketable Securities MarketableSecurities	58275000
CY2012Q4	us-gaap	Liabilities Current LiabilitiesCurrent	62411000
CY2012Q4	us-gaap	Deferred Tax Assets Liabilities Net Current DeferredTaxAssetsLiabilitiesNetCurrent	1143000
CY2012Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	7704000
CY2012Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-680411000
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CY2012Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	63446000
CY2012Q4	us-gaap	Deferred Tax Assets Liabilities Net Noncurrent DeferredTaxAssetsLiabilitiesNetNoncurrent	95780000
CY2012Q4	us-gaap	Nonredeemable Noncontrolling Interest NonredeemableNoncontrollingInterest	3000
CY2012Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	20.03
CY2012Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	37328000
CY2012Q4	us-gaap	Minority Interest MinorityInterest	3163000
CY2012Q4	us-gaap	Fair Value Assets Level1 To Level2 Transfers Amount FairValueAssetsLevel1ToLevel2TransfersAmount	0.0
CY2012Q4	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	32416000
CY2012Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	220349	shares
CY2012Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	10384000
CY2012Q4	us-gaap	Available For Sale Securities Current AvailableForSaleSecuritiesCurrent	2656000
CY2012Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	332749000
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CY2012Q4	us-gaap	Common Stock Value CommonStockValue	81000
CY2012Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	181409000
CY2012Q4	us-gaap	Goodwill Goodwill	5260000
CY2012Q4	us-gaap	Liabilities Liabilities	85115000
CY2012Q4	us-gaap	Long Term Debt LongTermDebt	15000000
CY2012Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	48711000
CY2012Q4	us-gaap	Cash Equivalents At Carrying Value CashEquivalentsAtCarryingValue	63432000
CY2012Q4	us-gaap	Treasury Stock Value TreasuryStockValue	17734000
CY2012Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	7788000
CY2012Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
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CY2012Q4	us-gaap	Assets Current AssetsCurrent	164826000
CY2012Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	942825000
CY2012Q4	us-gaap	Fair Value Assets Level2 To Level1 Transfers Amount FairValueAssetsLevel2ToLevel1TransfersAmount	0.0
CY2012Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	7048000
CY2012Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
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CY2012Q4	us-gaap	Stockholders Equity StockholdersEquity	244471000
CY2012Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	16295000
CY2012Q4	us-gaap	Available For Sale Securities Gross Unrealized Gain Loss AvailableForSaleSecuritiesGrossUnrealizedGainLoss	-287000
CY2012Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	22704000
CY2012Q4	us-gaap	Assets Noncurrent AssetsNoncurrent	167923000
CY2012Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	7582000
CY2012Q4	vrts	Marketable Securities Cost MarketableSecuritiesCost	55037000
CY2012Q4	vrts	Marketable Securities Unrealized Gain MarketableSecuritiesUnrealizedGain	4129000
CY2012Q4	vrts	Marketable Securities Unrealized Loss MarketableSecuritiesUnrealizedLoss	891000
CY2012Q4	vrts	Other Current Assets Of Consolidated Sponsored Investment Products OtherCurrentAssetsOfConsolidatedSponsoredInvestmentProducts	683000
CY2012Q4	vrts	Other Accrued Liabilities Of Consolidated Sponsored Investment Products OtherAccruedLiabilitiesOfConsolidatedSponsoredInvestmentProducts	377000
CY2012Q4	vrts	Cash And Cash Equivalents Of Consolidated Sponsored Investment Products CashAndCashEquivalentsOfConsolidatedSponsoredInvestmentProducts	14000
CY2012Q4	vrts	Investments Of Consolidated Sponsored Investment Products InvestmentsOfConsolidatedSponsoredInvestmentProducts	43227000
CY2013Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2013Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2013
CY2013Q1	dei	Document Type DocumentType	10-Q
CY2013Q1	dei	Document Period End Date DocumentPeriodEndDate	2013-03-31
CY2013Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000883237
CY2013Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2013Q1	dei	Trading Symbol TradingSymbol	VRTS
CY2013Q1	dei	Entity Registrant Name EntityRegistrantName	VIRTUS INVESTMENT PARTNERS, INC.
CY2013Q1	dei	Amendment Flag AmendmentFlag	false
CY2013Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2013Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-18000
CY2013Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	12491	shares
CY2013Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	575000
CY2013Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	2916000
CY2013Q1	us-gaap	Amortization Of Acquired Intangible Assets AmortizationOfAcquiredIntangibleAssets	1164000
CY2013Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	126000
CY2013Q1	us-gaap	Distribution And Servicing Fees DistributionAndServicingFees	17361000
CY2013Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1544000
CY2013Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	97000
CY2013Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	10.08
CY2013Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7820000	shares
CY2013Q1	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	10400000
CY2013Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	5167000
CY2013Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	22635000
CY2013Q1	us-gaap	Treasury Stock Acquired Average Cost Per Share TreasuryStockAcquiredAverageCostPerShare	172.55
CY2013Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	5157000
CY2013Q1	us-gaap	Cash Divested From Deconsolidation CashDivestedFromDeconsolidation	734000
CY2013Q1	us-gaap	Net Realized Or Unrealized Gain Loss On Trading Securities NetRealizedOrUnrealizedGainLossOnTradingSecurities	825000
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1 ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1	P3Y
CY2013Q1	us-gaap	Payments For Commissions PaymentsForCommissions	4281000
CY2013Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1448000
CY2013Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	10356000
CY2013Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	268000	shares
CY2013Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-17515000
CY2013Q1	us-gaap	Revenue Other Financial Services RevenueOtherFinancialServices	335000
CY2013Q1	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	60000	shares
CY2013Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	21100000
CY2013Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1868000
CY2013Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	233000
CY2013Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.79
CY2013Q1	us-gaap	Nature Of Operations NatureOfOperations	<div> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1. Organization and Business</b></font></p> <!-- xbrl,body --> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Virtus Investment Partners, Inc. (the “Company,” “we,” “us,” “our” or “Virtus”), a Delaware corporation, operates in the investment management industry through its wholly-owned subsidiaries.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The Company provides investment management and related services to individual and institutional clients throughout the United States of America. Retail investment management services (including administration services) are provided to individuals through products consisting of open-end mutual funds, closed-end funds, variable insurance funds and separately managed accounts. Separately managed accounts are offered through intermediary programs that are sponsored and distributed by unaffiliated broker-dealers, and individual direct managed account investment services that are provided by the Company. Institutional investment management services are provided primarily to corporations, multi-employer retirement funds, public employee retirement systems, foundations and endowments and special purpose funds.</font></p> </div>
CY2013Q1	us-gaap	Amortization Of Deferred Sales Commissions AmortizationOfDeferredSalesCommissions	2877000
CY2013Q1	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	8957000
CY2013Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	7984000
CY2013Q1	us-gaap	Net Income Loss NetIncomeLoss	14185000
CY2013Q1	us-gaap	Fees And Commissions Transfer Agent FeesAndCommissionsTransferAgent	10695000
CY2013Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	1179000
CY2013Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	225000
CY2013Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.73
CY2013Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	10356000
CY2013Q1	us-gaap	Investment Advisory Fees InvestmentAdvisoryFees	57777000
CY2013Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	8088000	shares
CY2013Q1	us-gaap	Net Income Loss Attributable To Redeemable Noncontrolling Interest NetIncomeLossAttributableToRedeemableNoncontrollingInterest	225000
CY2013Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-10609000
CY2013Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	14193000
CY2013Q1	us-gaap	Proceeds From Payments To Minority Shareholders ProceedsFromPaymentsToMinorityShareholders	4923000
CY2013Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	2063000
CY2013Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	356000
CY2013Q1	us-gaap	Operating Expenses OperatingExpenses	65068000
CY2013Q1	us-gaap	Revenues Revenues	86168000
CY2013Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	200000
CY2013Q1	us-gaap	Expense Related To Distribution Or Servicing And Underwriting Fees ExpenseRelatedToDistributionOrServicingAndUnderwritingFees	21628000
CY2013Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	8450000
CY2013Q1	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments And Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsAndTax	233000
CY2013Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	233000
CY2013Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	225000
CY2013Q1	us-gaap	Other Restructuring Costs OtherRestructuringCosts	203000
CY2013Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-19753000
CY2013Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	126000
CY2013Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	762000
CY2013Q1	us-gaap	Proceeds From Payments For Trading Securities ProceedsFromPaymentsForTradingSecurities	126000
CY2013Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	13960000
CY2013Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	1053000
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod		shares
CY2013Q1	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	48000
CY2013Q1	us-gaap	Labor And Related Expense LaborAndRelatedExpense	32411000
CY2013Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	14418000
CY2013Q1	us-gaap	Interest Expense InterestExpense	221000
CY2013Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	120000
CY2013Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-5362000
CY2013Q1	vrts	Other Nonoperating Income Expenses OtherNonoperatingIncomeExpenses	1535000
CY2013Q1	vrts	Average Price Of Repurchased Shares AveragePriceOfRepurchasedShares	92.05
CY2013Q1	vrts	Other Operating Expenses Of Consolidated Sponsored Investment Products OtherOperatingExpensesOfConsolidatedSponsoredInvestmentProducts	184000
CY2013Q1	vrts	Interest Dividend Income Of Investments Of Consolidated Sponsored Investment Products InterestDividendIncomeOfInvestmentsOfConsolidatedSponsoredInvestmentProducts	480000
CY2013Q1	vrts	Contingent Consideration Paid For Acquired Investment Management Contracts ContingentConsiderationPaidForAcquiredInvestmentManagementContracts	145000
CY2013Q1	vrts	Amortization Of Intangible Assets And Contingent Amortization AmortizationOfIntangibleAssetsAndContingentAmortization	1110000
CY2013Q1	vrts	Amounts Reclassified From Accumulated Other Comprehensive Income Loss Net Of Tax AmountsReclassifiedFromAccumulatedOtherComprehensiveIncomeLossNetOfTax
CY2013Q1	vrts	Realized And Unrealized Gain On Investments Of Consolidated Sponsored Investment Products Net RealizedAndUnrealizedGainOnInvestmentsOfConsolidatedSponsoredInvestmentProductsNet	372000
CY2013Q1	vrts	Purchase Of Investments By Consolidated Sponsored Investment Products Net PurchaseOfInvestmentsByConsolidatedSponsoredInvestmentProductsNet	4176000
CY2013Q1	vrts	Taxes Paid On Stock Based Compensation TaxesPaidOnStockBasedCompensation	-5157000
CY2013Q1	vrts	Number Of Mutual Funds Deconsolidated NumberOfMutualFundsDeconsolidated	3	Funds
CY2012Q1	us-gaap	Preferred Stock Dividends And Other Adjustments PreferredStockDividendsAndOtherAdjustments	64000
CY2012Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	323000
CY2012Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	1880000
CY2012Q1	us-gaap	Amortization Of Acquired Intangible Assets AmortizationOfAcquiredIntangibleAssets	988000
CY2012Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	752000
CY2012Q1	us-gaap	Distribution And Servicing Fees DistributionAndServicingFees	12721000
CY2012Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1569000
CY2012Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	106000
CY2012Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7468000	shares
CY2012Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	4379000
CY2012Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	9082000
CY2012Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	2028000
CY2012Q1	us-gaap	Net Realized Or Unrealized Gain Loss On Trading Securities NetRealizedOrUnrealizedGainLossOnTradingSecurities	1224000
CY2012Q1	us-gaap	Payments For Commissions PaymentsForCommissions	2788000
CY2012Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1633000
CY2012Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	498000	shares
CY2012Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-12446000
CY2012Q1	us-gaap	Revenue Other Financial Services RevenueOtherFinancialServices	428000
CY2012Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	7953000
CY2012Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1924000
CY2012Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-61000
CY2012Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.72
CY2012Q1	us-gaap	Amortization Of Deferred Sales Commissions AmortizationOfDeferredSalesCommissions	2820000
CY2012Q1	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	7893000
CY2012Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	3506000
CY2012Q1	us-gaap	Net Income Loss NetIncomeLoss	5450000
CY2012Q1	us-gaap	Fees And Commissions Transfer Agent FeesAndCommissionsTransferAgent	7402000
CY2012Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	1224000
CY2012Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.68
CY2012Q1	us-gaap	Investment Advisory Fees InvestmentAdvisoryFees	41847000
CY2012Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	7966000	shares
CY2012Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1452000
CY2012Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	5325000
CY2012Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	847000
CY2012Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-95000
CY2012Q1	us-gaap	Operating Expenses OperatingExpenses	54445000
CY2012Q1	us-gaap	Revenues Revenues	62398000
CY2012Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	700000
CY2012Q1	us-gaap	Expense Related To Distribution Or Servicing And Underwriting Fees ExpenseRelatedToDistributionOrServicingAndUnderwritingFees	18923000
CY2012Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	3632000
CY2012Q1	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments And Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsAndTax	-61000
CY2012Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-61000
CY2012Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-16760000
CY2012Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	800000
CY2012Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1427000
CY2012Q1	us-gaap	Proceeds From Payments For Trading Securities ProceedsFromPaymentsForTradingSecurities	-27000
CY2012Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	5386000
CY2012Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	955000
CY2012Q1	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	142000
CY2012Q1	us-gaap	Labor And Related Expense LaborAndRelatedExpense	26318000
CY2012Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	5389000
CY2012Q1	us-gaap	Interest Expense InterestExpense	201000
CY2012Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	41000
CY2012Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-9425000
CY2012Q1	vrts	Convertible Preferred Stock Shares Issued Upon Conversion Value ConvertiblePreferredStockSharesIssuedUponConversionValue	35217000
CY2012Q1	vrts	Contingent Consideration Paid For Acquired Investment Management Contracts ContingentConsiderationPaidForAcquiredInvestmentManagementContracts	176000
CY2012Q1	vrts	Amortization Of Intangible Assets And Contingent Amortization AmortizationOfIntangibleAssetsAndContingentAmortization	988000
CY2012Q1	vrts	Comprehensive Income Loss Net Of Tax Portion Attributable To Preferred Stockholders ComprehensiveIncomeLossNetOfTaxPortionAttributableToPreferredStockholders	-64000
CY2012Q1	vrts	Amounts Reclassified From Accumulated Other Comprehensive Income Loss Net Of Tax AmountsReclassifiedFromAccumulatedOtherComprehensiveIncomeLossNetOfTax
CY2012Q1	vrts	Taxes Paid On Stock Based Compensation TaxesPaidOnStockBasedCompensation	-2028000

Files In Submission

Name	View Source	Status
0001193125-13-204606-index-headers.html	Edgar Link	pending
0001193125-13-204606-index.html	Edgar Link	pending
0001193125-13-204606.txt	Edgar Link	pending
0001193125-13-204606-xbrl.zip	Edgar Link	pending
d508819d10q.htm	Edgar Link	pending
d508819dex311.htm	Edgar Link	pending
d508819dex312.htm	Edgar Link	pending
d508819dex321.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
g508819g12n61.jpg	Edgar Link	pending
R1.htm	Edgar Link	pending
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R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
vrts-20130331.xml	Edgar Link	completed
vrts-20130331.xsd	Edgar Link	pending
vrts-20130331_cal.xml	Edgar Link	unprocessable
vrts-20130331_def.xml	Edgar Link	unprocessable
vrts-20130331_lab.xml	Edgar Link	unprocessable
vrts-20130331_pre.xml	Edgar Link	unprocessable

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$VRTS
Virtus Investment Partners Inc Stock $vrts

2013 Q1 Form 10-Q Financial Statement

#000119312513204606 Filed on May 07, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VRTS Virtus Investment Partners Inc Stock $vrts

2013 Q1 Form 10-Q Financial Statement

#000119312513204606 Filed on May 07, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VRTS
Virtus Investment Partners Inc Stock $vrts