Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.1.9
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Assets    
Cash and cash equivalents $ 263us-gaap_CashAndCashEquivalentsAtCarryingValue $ 220us-gaap_CashAndCashEquivalentsAtCarryingValue
Receivables, principally U.S. Government, net 59,391us-gaap_AccountsReceivableNetCurrent 78,387us-gaap_AccountsReceivableNetCurrent
Inventories 49,363us-gaap_InventoryFinishedGoods 39,315us-gaap_InventoryFinishedGoods
Deferred tax assets 1,834us-gaap_DeferredTaxAssetsNetCurrent 863us-gaap_DeferredTaxAssetsNetCurrent
Other current assets 11,517us-gaap_OtherAssetsCurrent 10,641us-gaap_OtherAssetsCurrent
Total current assets 122,368us-gaap_AssetsCurrent 129,426us-gaap_AssetsCurrent
Property and equipment, net 52,911us-gaap_PropertyPlantAndEquipmentNet 57,738us-gaap_PropertyPlantAndEquipmentNet
Intangible assets, net 72,209us-gaap_IntangibleAssetsNetExcludingGoodwill 82,257us-gaap_IntangibleAssetsNetExcludingGoodwill
Goodwill 92,052us-gaap_Goodwill 92,052us-gaap_Goodwill
Deferred tax assets 0us-gaap_DeferredTaxAssetsNetNoncurrent 2,545us-gaap_DeferredTaxAssetsNetNoncurrent
Other assets 15,790us-gaap_OtherAssetsNoncurrent 16,511us-gaap_OtherAssetsNoncurrent
Total assets 355,330us-gaap_Assets 380,529us-gaap_Assets
Liabilities and stockholders' equity    
Current portion of long-term debt 24,837us-gaap_LongTermDebtCurrent 24,837us-gaap_LongTermDebtCurrent
Accounts payable 29,424us-gaap_AccountsPayableCurrent 31,757us-gaap_AccountsPayableCurrent
Current portion of earn-out obligations 9,455vsec_CurrentPortionOfEarnOutObligationFairValueDisclosure 0vsec_CurrentPortionOfEarnOutObligationFairValueDisclosure
Accrued expenses and other current liabilities 23,245us-gaap_AccruedLiabilitiesCurrent 24,661us-gaap_AccruedLiabilitiesCurrent
Dividends payable 536us-gaap_DividendsPayableCurrent 480us-gaap_DividendsPayableCurrent
Total current liabilities 87,497us-gaap_LiabilitiesCurrent 81,735us-gaap_LiabilitiesCurrent
Long-term debt, less current portion 23,563us-gaap_LongTermDebtNoncurrent 64,487us-gaap_LongTermDebtNoncurrent
Deferred compensation 12,563us-gaap_DeferredCompensationLiabilityClassifiedNoncurrent 11,454us-gaap_DeferredCompensationLiabilityClassifiedNoncurrent
Long-term lease obligations, less current portion 24,584vsec_LongTermLeaseObligations 25,721vsec_LongTermLeaseObligations
Deferred income taxes 1,634us-gaap_DeferredTaxLiabilitiesNoncurrent 0us-gaap_DeferredTaxLiabilitiesNoncurrent
Earn-out obligations, less current portion 0vsec_EarnOutObligationsFairValueDisclosure 9,062vsec_EarnOutObligationsFairValueDisclosure
Other liabilities 0us-gaap_OtherLiabilitiesNoncurrent 1,267us-gaap_OtherLiabilitiesNoncurrent
Total liabilities 149,841us-gaap_Liabilities 193,726us-gaap_Liabilities
Stockholders' equity    
Common stock, par value $0.05 per share, authorized 15,000,000 shares; issued and outstanding 5,333,077 and 5,293,316 respectively 268us-gaap_CommonStockValue 267us-gaap_CommonStockValue
Additional paid-in capital 20,348us-gaap_AdditionalPaidInCapitalCommonStock 19,139us-gaap_AdditionalPaidInCapitalCommonStock
Retained earnings 184,873us-gaap_RetainedEarningsAccumulatedDeficit 167,598us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive loss 0us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (201)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Total stockholders' equity 205,489us-gaap_StockholdersEquity 186,803us-gaap_StockholdersEquity
Total liabilities and stockholders' equity $ 355,330us-gaap_LiabilitiesAndStockholdersEquity $ 380,529us-gaap_LiabilitiesAndStockholdersEquity