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
- Basis of Presentation (Policies)
Notes Tables
Notes Details
Uncategorized
- Uncategorized Items - vsec-20200331.xml

Debt (Details)

v3.20.1

Debt (Details) - USD ($)	1 Months Ended	3 Months Ended
Debt (Details) - USD ($)	Jan. 31, 2018	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Debt Instrument [Line Items]
Long-term debt		$ 276,256,000		$ 272,800,000
Less debt issuance costs		(2,556,000)		(2,789,000)
Total long-term debt		273,700,000		270,011,000
Less current portion		(17,820,000)		(16,883,000)
Long-term debt, less current portion		255,880,000		253,128,000
Long-term Debt, Fiscal Year Maturity [Abstract]
Total long-term debt		$ 273,700,000		270,011,000
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)
Amortization period of debt issuance costs	5 years
Increase in maximum availability		$ 100,000,000
Effective interest rate		4.06%
Interest expense, net		$ 3,400,000	$ 2,900,000
Amended and Restated \| Swap
Debt Instrument [Line Items]
Derivative notional amount		145,000,000		125,000,000
Term Loan
Debt Instrument [Line Items]
Long-term debt		102,050,000		120,800,000
Total long-term debt		102,050,000
Long-term Debt, Fiscal Year Maturity [Abstract]
2020		14,062,000
2021		21,563,000
2022		22,500,000
2023		43,925,000
Total long-term debt		102,050,000
Revolving Loans
Debt Instrument [Line Items]
Long-term debt		174,206,000		152,000,000
Revolving loans maximum borrowing capacity		350,000,000
Letters of credit outstanding		$ 0		$ 54,000
Minimum \| Amended and Restated
Debt Instrument [Line Items]
Interest rate range		3.11%
Maximum \| Amended and Restated
Debt Instrument [Line Items]
Interest rate range		5.31%

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

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