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-20190930.xml

Debt (Details)

v3.19.3

Debt (Details) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
Debt (Details) - USD ($)	Jan. 31, 2018	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Debt Instrument [Line Items]
Long-term debt		$ 270,266,000		$ 270,266,000		$ 162,734,000
Less debt issuance costs		(1,735,000)		(1,735,000)		(2,135,000)
Total long-term debt		268,531,000		268,531,000		160,599,000
Less current portion		(10,716,000)		(10,716,000)		(9,466,000)
Long-term debt, less current portion		257,815,000		257,815,000		151,133,000
Long-term Debt, Fiscal Year Maturity [Abstract]
Total long-term debt		268,531,000		$ 268,531,000		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		4.91%		4.91%
Interest expense, net		$ 3,600,000	$ 1,900,000	$ 9,900,000	$ 5,100,000
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		73,300,000		73,300,000		80,800,000
Total long-term debt		73,300,000		73,300,000
Long-term Debt, Fiscal Year Maturity [Abstract]
2019		2,500,000		2,500,000
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		73,300,000		73,300,000
Revolving Loans
Debt Instrument [Line Items]
Long-term debt		196,966,000		196,966,000		81,934,000
Revolving loans maximum borrowing capacity		300,000,000		300,000,000
Letters of credit outstanding		$ 72,000		$ 72,000		$ 57,000
Minimum \| Amended and Restated
Debt Instrument [Line Items]
Interest rate range		4.53%		4.53%
Maximum \| Amended and Restated
Debt Instrument [Line Items]
Interest rate range		6.25%		6.25%

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Percentage points added to the reference rate to compute the variable rate on the debt instrument.

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