VSE Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Nature of Business and Basis of Presentation (Policies)
Notes Tables
Notes Details
Uncategorized
- Uncategorized Items - vsec-20190630.xml

Debt (Details)

v3.19.2

Debt (Details) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
Debt (Details) - USD ($)	Jan. 31, 2018	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Debt Instrument [Line Items]
Long-term debt		$ 280,944,000		$ 280,944,000		$ 162,734,000
Less debt issuance costs		(1,868,000)		(1,868,000)		(2,135,000)
Total long-term debt		279,076,000		279,076,000		160,599,000
Less current portion		(10,091,000)		(10,091,000)		(9,466,000)
Long-term debt, less current portion		268,985,000		268,985,000		151,133,000
Long-term Debt, Fiscal Year Maturity [Abstract]
Total long-term debt		279,076,000		$ 279,076,000		160,599,000
LIBOR
Debt Instrument [Line Items]
Base margin				2.50%
Base Rate
Debt Instrument [Line Items]
Base margin				1.25%
Amended and Restated
Debt Instrument [Line Items]
Less debt issuance costs		$ (1,500,000)		$ (1,500,000)
Amortization period of debt issuance costs	5 years
Increase in maximum availability				$ 100,000,000
Duration of interest rate cash flow hedge				3 years
Effective interest rate		5.16%		5.16%
Interest expense, net		$ 3,400,000	$ 1,700,000	$ 6,300,000	$ 3,200,000
Amended and Restated \| Swap
Debt Instrument [Line Items]
Derivative notional amount		125,000,000		125,000,000		50,000,000
Term Loan
Debt Instrument [Line Items]
Long-term debt		75,800,000		75,800,000		80,800,000
Total long-term debt		75,800,000		75,800,000
Long-term Debt, Fiscal Year Maturity [Abstract]
2019		5,000,000		5,000,000
2020		11,875,000		11,875,000
2021		14,375,000		14,375,000
2022		15,000,000		15,000,000
2023		29,550,000		29,550,000
Total long-term debt		75,800,000		75,800,000
Revolving Loans
Debt Instrument [Line Items]
Long-term debt		205,144,000		205,144,000		81,934,000
Revolving loans maximum borrowing capacity		300,000,000		300,000,000
Letters of credit outstanding		$ 18,000		$ 18,000		$ 57,000
Minimum \| Amended and Restated
Debt Instrument [Line Items]
Interest rate range		4.89%		4.89%
Maximum \| Amended and Restated
Debt Instrument [Line Items]
Interest rate range		6.75%		6.75%

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Aggregate notional amount specified by the derivative(s). Expressed as an absolute value.

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Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt.

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Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.

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