Acquisition (Details) (USD $)
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3 Months Ended | 0 Months Ended | ||
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Mar. 31, 2015
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Mar. 31, 2014
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Jan. 28, 2015
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Dec. 31, 2014
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Business Acquisition [Line Items] | ||||
Revenue | $ 120,791,000us-gaap_Revenues | $ 119,409,000us-gaap_Revenues | ||
Operating income | 10,684,000us-gaap_OperatingIncomeLoss | 11,357,000us-gaap_OperatingIncomeLoss | ||
Summary of fair value adjustments for assets and liabilities assumed [Abstract] | ||||
Goodwill | 193,772,000us-gaap_Goodwill | 92,052,000us-gaap_Goodwill | ||
Aviation Group [Member] | ||||
Business Acquisition [Line Items] | ||||
Number of business acquired |
4vsec_BusinessAcquisitionNumberOfBusinessesAcquired / us-gaap_BusinessAcquisitionAxis = vsec_AviationAcquisitionsMember |
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Additional potential consideration payment - two year earn-out |
40,000,000vsec_MaximumPotentialCashPayment / us-gaap_BusinessAcquisitionAxis = vsec_AviationAcquisitionsMember |
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Additional potential consideration payment - one year earn-out |
5,000,000vsec_BusinessAcquisitionCostOfAcquiredEntityAdditionalPurchasePricePayable / us-gaap_BusinessAcquisitionAxis = vsec_AviationAcquisitionsMember |
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Escrow account |
18,000,000us-gaap_EscrowDepositsRelatedToPropertySales / us-gaap_BusinessAcquisitionAxis = vsec_AviationAcquisitionsMember |
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Revenue |
22,800,000us-gaap_Revenues / us-gaap_BusinessAcquisitionAxis = vsec_AviationAcquisitionsMember |
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Operating income |
2,100,000us-gaap_OperatingIncomeLoss / us-gaap_BusinessAcquisitionAxis = vsec_AviationAcquisitionsMember |
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Estimated cash and net working capital adjustment |
5,000,000vsec_vse_BusinessAcquisitionEstimatedCashAndWorkingCapitalAdjustment / us-gaap_BusinessAcquisitionAxis = vsec_AviationAcquisitionsMember |
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Estimated net working capital adjustment |
2,900,000vsec_BusinessAcquisitionEstimatedWorkingCapitalAdjustment / us-gaap_BusinessAcquisitionAxis = vsec_AviationAcquisitionsMember |
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Summary of fair value adjustments for assets and liabilities assumed [Abstract] | ||||
Cash |
686,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents / us-gaap_BusinessAcquisitionAxis = vsec_AviationAcquisitionsMember |
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Accounts Receivable |
11,104,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables / us-gaap_BusinessAcquisitionAxis = vsec_AviationAcquisitionsMember |
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Inventory |
55,544,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory / us-gaap_BusinessAcquisitionAxis = vsec_AviationAcquisitionsMember |
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Prepaid expenses and other current assets |
2,641,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets / us-gaap_BusinessAcquisitionAxis = vsec_AviationAcquisitionsMember |
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Property and equipment |
11,461,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment / us-gaap_BusinessAcquisitionAxis = vsec_AviationAcquisitionsMember |
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Goodwill |
101,720,000us-gaap_Goodwill / us-gaap_BusinessAcquisitionAxis = vsec_AviationAcquisitionsMember |
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Accounts payable |
(8,688,000)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable / us-gaap_BusinessAcquisitionAxis = vsec_AviationAcquisitionsMember |
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Accrued expenses and other current liabilities |
(4,450,000)vsec_vse_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAccruedExpensesAndOtherCurrentLiabilities / us-gaap_BusinessAcquisitionAxis = vsec_AviationAcquisitionsMember |
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Long-term deferred tax liability |
(35,861,000)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilitiesNoncurrent / us-gaap_BusinessAcquisitionAxis = vsec_AviationAcquisitionsMember |
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Cash consideration |
192,357,000vsec_vse_BusinessAcquisitionCostOfAcquiredEntityInitialPurchasePrice / us-gaap_BusinessAcquisitionAxis = vsec_AviationAcquisitionsMember |
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Acquisition date fair value of earn-out obligation |
35,000,000us-gaap_BusinessCombinationContingentConsiderationArrangementsRangeOfOutcomesValueHigh / us-gaap_BusinessAcquisitionAxis = vsec_AviationAcquisitionsMember |
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Total |
227,357,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet / us-gaap_BusinessAcquisitionAxis = vsec_AviationAcquisitionsMember |
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Acquisition-related expenses |
300,000us-gaap_BusinessCombinationAcquisitionRelatedCosts / us-gaap_BusinessAcquisitionAxis = vsec_AviationAcquisitionsMember |
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Business Acquisition, Pro Forma Information [Abstract] | ||||
Revenue |
128,196,000us-gaap_BusinessAcquisitionsProFormaRevenue / us-gaap_BusinessAcquisitionAxis = vsec_AviationAcquisitionsMember |
148,997,000us-gaap_BusinessAcquisitionsProFormaRevenue / us-gaap_BusinessAcquisitionAxis = vsec_AviationAcquisitionsMember |
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Income from continuing operations |
5,383,000us-gaap_BusinessAcquisitionsProFormaNetIncomeLoss / us-gaap_BusinessAcquisitionAxis = vsec_AviationAcquisitionsMember |
7,143,000us-gaap_BusinessAcquisitionsProFormaNetIncomeLoss / us-gaap_BusinessAcquisitionAxis = vsec_AviationAcquisitionsMember |
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Basic earnings per share (in dollars per share) |
$ 1.00us-gaap_BusinessAcquisitionProFormaEarningsPerShareBasic / us-gaap_BusinessAcquisitionAxis = vsec_AviationAcquisitionsMember |
$ 1.34us-gaap_BusinessAcquisitionProFormaEarningsPerShareBasic / us-gaap_BusinessAcquisitionAxis = vsec_AviationAcquisitionsMember |
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Diluted earnings per share (in dollars per share) |
$ 1.00us-gaap_BusinessAcquisitionProFormaEarningsPerShareDiluted / us-gaap_BusinessAcquisitionAxis = vsec_AviationAcquisitionsMember |
$ 1.33us-gaap_BusinessAcquisitionProFormaEarningsPerShareDiluted / us-gaap_BusinessAcquisitionAxis = vsec_AviationAcquisitionsMember |
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Aviation Group [Member] | Customer Relationships [Member] | ||||
Summary of fair value adjustments for assets and liabilities assumed [Abstract] | ||||
Intangible Assets |
85,700,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles / us-gaap_BusinessAcquisitionAxis = vsec_AviationAcquisitionsMember / us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis = us-gaap_CustomerRelationshipsMember |
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Amortization finite-lived intangible assets | 14 years | |||
Aviation Group [Member] | Trade Names [Member] | ||||
Summary of fair value adjustments for assets and liabilities assumed [Abstract] | ||||
Intangible Assets |
$ 7,500,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles / us-gaap_BusinessAcquisitionAxis = vsec_AviationAcquisitionsMember / us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis = us-gaap_TrademarksAndTradeNamesMember |
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Amortization finite-lived intangible assets | 9 years |
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- Details
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- Definition
The pro forma basic net income per share for a period as if the business combination or combinations had been completed at the beginning of a period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The pro forma diluted net income per share for a period as if the business combination or combinations had been completed at the beginning of a period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The pro forma net Income or Loss for the period as if the business combination or combinations had been completed at the beginning of a period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The pro forma revenue for a period as if the business combination or combinations had been completed at the beginning of the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
For contingent consideration arrangements recognized in connection with a business combination, this element represents an estimate of the high-end of the potential range (undiscounted) of the consideration which may be paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions, acquired at the acquisition date. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer, acquired at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount due from customers or clients for goods or services, including trade receivables, that have been delivered or sold in the normal course of business, and amounts due from others, including related parties expected to be converted to cash, sold or exchanged within one year or the normal operating cycle, if longer, acquired at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of liabilities incurred for goods and services received that are used in an entity's business and related party payables, assumed at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred tax liability attributable to taxable temporary differences due after one year or the normal operating cycle, if longer, assumed at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of identifiable intangible assets recognized as of the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of inventory recognized as of the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of property, plant, and equipment recognized as of the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount recognized for assets, including goodwill, in excess of (less than) the aggregate liabilities assumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Escrow deposits related to property sales in noncash investing and financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- Definition
Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The additional purchase price consideration will be payable if certain of the acquired business surpass certain financial targets, during any 12 consecutive month period. No definition available.
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- Definition
The amount of consideration paid at close for the sellers estimated net working capital above target net working capital per the purchase agreement. No definition available.
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- Definition
The number of businesses acquired. No definition available.
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- Definition
Amount of potential cash payments that could result from the contingent consideration arrangement. No definition available.
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- Definition
The total initial cost of the acquired entity including the cash paid to shareholders of acquired entities. No definition available.
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- Definition
The amount of consideration paid at close for the sellers estimated cash on hand and estimated net working capital above target net working capital per the purchase agreement. No definition available.
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- Definition
Amount of liabilities incurred for accrued expenses and other current liabilities assumed at the acquisition date. No definition available.
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- Details
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