2016 Q1 Form 10-K Financial Statement

#000160154816000082 Filed on March 15, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2014 Q4 2014 Q3
Revenue $285.3M $301.0M
YoY Change -12.65% -13.75%
Cost Of Revenue $258.5M $273.7M
YoY Change -8.69% -9.07%
Gross Profit $26.80M $27.00M
YoY Change -38.39% -43.75%
Gross Profit Margin 9.39% 8.97%
Selling, General & Admin $18.30M $23.65M
YoY Change 0.55% 24.46%
% of Gross Profit 68.28% 87.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $100.0K $0.00
YoY Change -90.0% -100.0%
% of Gross Profit 0.37% 0.0%
Operating Expenses $18.40M $23.65M
YoY Change 1.1% 24.46%
Operating Profit $8.149M $3.291M
YoY Change -67.6% -88.61%
Interest Expense -$1.500M -$22.00K
YoY Change -1600.0%
% of Operating Profit -18.41% -0.67%
Other Income/Expense, Net
YoY Change
Pretax Income $6.900M $3.269M
YoY Change -72.83% -88.73%
Income Tax $3.100M $1.155M
% Of Pretax Income 44.93% 35.33%
Net Earnings $3.331M $2.115M
YoY Change -79.39% -88.62%
Net Earnings / Revenue 1.17% 0.7%
Basic Earnings Per Share $0.32 $0.20
Diluted Earnings Per Share $0.31 $0.20
COMMON SHARES
Basic Shares Outstanding 10.64M shares 10.48M shares 10.47M shares
Diluted Shares Outstanding 10.70M shares 10.47M shares

Balance Sheet

Concept 2016 Q1 2014 Q4 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $42.80M $42.00M
YoY Change 311.54%
Cash & Equivalents $42.00M
Short-Term Investments
Other Short-Term Assets $10.88M $18.00M
YoY Change 0.0%
Inventory $7.100M $6.000M
Prepaid Expenses $11.00M
Receivables
Other Receivables $2.173M
Total Short-Term Assets $263.6M $248.0M
YoY Change 3.33%
LONG-TERM ASSETS
Property, Plant & Equipment $8.920M $9.000M
YoY Change -3.45%
Goodwill $216.9M $222.0M
YoY Change -2.49%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.575M $6.000M
YoY Change 173.62%
Total Long-Term Assets $232.4M $237.0M
YoY Change -0.72%
TOTAL ASSETS
Total Short-Term Assets $263.6M $248.0M
Total Long-Term Assets $232.4M $237.0M
Total Assets $496.0M $485.0M
YoY Change 1.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $114.5M $99.00M
YoY Change 4.36%
Accrued Expenses $37.07M $14.00M
YoY Change 267.57%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $11.38M $11.00M
YoY Change
Total Short-Term Liabilities $205.3M $194.0M
YoY Change -1.38%
LONG-TERM LIABILITIES
Long-Term Debt $122.5M $129.0M
YoY Change
Other Long-Term Liabilities $13.54M $18.00M
YoY Change -10.37%
Total Long-Term Liabilities $236.8M $223.0M
YoY Change 164.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $205.3M $194.0M
Total Long-Term Liabilities $236.8M $223.0M
Total Liabilities $442.1M $417.0M
YoY Change 48.44%
SHAREHOLDERS EQUITY
Retained Earnings $3.331M
YoY Change
Common Stock $105.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $53.88M $68.00M
YoY Change
Total Liabilities & Shareholders Equity $496.0M $485.0M
YoY Change 1.39%

Cashflow Statement

Concept 2016 Q1 2014 Q4 2014 Q3
OPERATING ACTIVITIES
Net Income $3.331M $2.115M
YoY Change -79.39% -88.62%
Depreciation, Depletion And Amortization $100.0K $0.00
YoY Change -90.0% -100.0%
Cash From Operating Activities $3.000M $37.00M
YoY Change -96.74% -3800.0%
INVESTING ACTIVITIES
Capital Expenditures $1.800M $1.000M
YoY Change 80.0% 0.0%
Acquisitions
YoY Change
Other Investing Activities $500.0K
YoY Change
Cash From Investing Activities -$1.400M -$1.000M
YoY Change 40.0% 0.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -600.0K -4.000M
YoY Change -99.32% -63.64%
NET CHANGE
Cash From Operating Activities 3.000M 37.00M
Cash From Investing Activities -1.400M -1.000M
Cash From Financing Activities -600.0K -4.000M
Net Change In Cash 1.000M 32.00M
YoY Change -66.67% -346.15%
FREE CASH FLOW
Cash From Operating Activities $3.000M $37.00M
Capital Expenditures $1.800M $1.000M
Free Cash Flow $1.200M $36.00M
YoY Change -98.68% -1900.0%

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EffectiveIncomeTaxRateContinuingOperations
0.382
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.074
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2014 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.000
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.033
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.004
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.016
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.017
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.005
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.016
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.007
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.000
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.000
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
-0.299
CY2014Q4 us-gaap Employee Related Liabilities Current
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36580000 USD
CY2015Q4 us-gaap Employee Related Liabilities Current
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36783000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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827000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2373000 USD
CY2013 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-40000 USD
CY2014 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-103000 USD
CY2015 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-686000 USD
CY2014Q4 us-gaap Goodwill
Goodwill
216930000 USD
CY2015Q4 us-gaap Goodwill
Goodwill
216900000 USD
CY2015Q4 us-gaap Goodwill
Goodwill
216930000 USD
CY2014 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 USD
CY2015 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 USD
CY2013 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2014 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
132655000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
36377000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
33274000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-1222000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
514000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
157000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
131433000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
36891000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
33431000 USD
CY2013Q4 us-gaap Income Tax Examination Interest Accrued
IncomeTaxExaminationInterestAccrued
300000 USD
CY2014Q4 us-gaap Income Tax Examination Interest Accrued
IncomeTaxExaminationInterestAccrued
600000 USD
CY2015Q4 us-gaap Income Tax Examination Interest Accrued
IncomeTaxExaminationInterestAccrued
0 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
47041000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14079000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2458000 USD
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2014 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2667000 USD
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
16096000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable
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-51049000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
6169000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
8874000 USD
CY2013 us-gaap Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
-289000 USD
CY2014 us-gaap Increase Decrease In Billing In Excess Of Cost Of Earnings
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-5266000 USD
CY2015 us-gaap Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
219000 USD
CY2013 us-gaap Increase Decrease In Deferred Income Taxes
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15888000 USD
CY2014 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-11282000 USD
CY2015 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
9404000 USD
CY2013 us-gaap Increase Decrease In Employee Related Liabilities
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-20053000 USD
CY2014 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-13245000 USD
CY2015 us-gaap Increase Decrease In Employee Related Liabilities
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275000 USD
CY2013 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3770000 USD
CY2014 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1329000 USD
CY2015 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-12005000 USD
CY2013 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-4771000 USD
CY2014 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-3813000 USD
CY2015 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-25788000 USD
CY2013 us-gaap Increase Decrease In Receivables
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-101549000 USD
CY2014 us-gaap Increase Decrease In Receivables
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-21608000 USD
CY2015 us-gaap Increase Decrease In Receivables
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9886000 USD
CY2014 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
76000 shares
CY2015 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
98000 shares
CY2013 us-gaap Interest Income Expense Nonoperating Net
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111000 USD
CY2014 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-1526000 USD
CY2015 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-6531000 USD
CY2013 us-gaap Interest Paid Net
InterestPaidNet
0 USD
CY2014 us-gaap Interest Paid Net
InterestPaidNet
1201000 USD
CY2015 us-gaap Interest Paid Net
InterestPaidNet
6047000 USD
CY2014Q4 us-gaap Liabilities
Liabilities
442100000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
395086000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
495975000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
484396000 USD
CY2014Q4 us-gaap Liabilities Current
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205321000 USD
CY2015Q4 us-gaap Liabilities Current
LiabilitiesCurrent
212518000 USD
CY2014Q4 us-gaap Liabilities Noncurrent
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236779000 USD
CY2015Q4 us-gaap Liabilities Noncurrent
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182568000 USD
CY2014Q4 us-gaap Long Term Debt Current
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11375000 USD
CY2015Q4 us-gaap Long Term Debt Current
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22000000 USD
CY2014Q4 us-gaap Long Term Debt Noncurrent
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122484000 USD
CY2015Q4 us-gaap Long Term Debt Noncurrent
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89615000 USD
CY2014Q4 us-gaap Loss Contingency Accrual At Carrying Value
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11411000 USD
CY2015Q4 us-gaap Loss Contingency Accrual At Carrying Value
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0 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
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CY2014 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-6607000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-21710000 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
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-2429000 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3350000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
118000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
92792000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
42979000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
18880000 USD
CY2013 us-gaap Net Income Loss
NetIncomeLoss
84392000 USD
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
11234000 USD
CY2014Q2 us-gaap Net Income Loss
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6132000 USD
CY2013 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
607000 USD
CY2014 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-1642000 USD
CY2015 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-1186000 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
2115000 USD
CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
3331000 USD
CY2014 us-gaap Net Income Loss
NetIncomeLoss
22812000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
4965000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
6020000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
14028000 USD
us-gaap Net Income Loss
NetIncomeLoss
5960000 USD
CY2015 us-gaap Net Income Loss
NetIncomeLoss
30973000 USD
CY2015 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
131322000 USD
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
17556000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
9422000 USD
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
3291000 USD
CY2014Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
8149000 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
38417000 USD
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
9355000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
10845000 USD
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
8471000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
11291000 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
39962000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due
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6937000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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3796000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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22000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
135000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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1211000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1773000 USD
CY2013 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
9700000 USD
CY2014 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
9900000 USD
CY2015 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
5000000 USD
CY2014Q4 us-gaap Other Accrued Liabilities Current
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16025000 USD
CY2015Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
15004000 USD
CY2014Q4 us-gaap Other Assets Current
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10883000 USD
CY2015Q4 us-gaap Other Assets Current
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9708000 USD
CY2014Q4 us-gaap Other Assets Noncurrent
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6575000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
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1197000 USD
CY2013 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
0 USD
CY2014 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
0 USD
CY2015 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
-26000 USD
CY2013 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
0 USD
CY2014 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
0 USD
CY2015 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
-14000 USD
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
607000 USD
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1642000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1212000 USD
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
0 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
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0 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
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-3000 USD
CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
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0 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
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0 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-43000 USD
CY2014Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
13544000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1610000 USD
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2173000 USD
CY2015Q4 us-gaap Other Receivables Net Current
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2833000 USD
CY2013 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2014 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3701000 USD
CY2015 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2013 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
0 USD
CY2014 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
136281000 USD
CY2015 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
0 USD
CY2013 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
CY2014 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
229000 USD
CY2015 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1301000 USD
CY2013 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
2429000 USD
CY2014 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
3847000 USD
CY2015 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
793000 USD
CY2015Q4 us-gaap Postemployment Benefits Liability Current
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200000 USD
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q4 us-gaap Preferred Stock Value
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0 USD
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2013 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
0 USD
CY2014 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
2600000 USD
CY2015 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
0 USD
CY2013 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 USD
CY2014 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 USD
CY2015 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
524000 USD
CY2013 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2014 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
140000000 USD
CY2015 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2013 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
CY2014 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
23000000 USD
CY2015 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
324000000 USD
CY2013 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2014 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
497000 USD
CY2015 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
387000 USD
CY2013 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
CY2014 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
CY2015 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
239000 USD
CY2015 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
65687000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
0 USD
CY2013 us-gaap Repayments Of Lines Of Credit
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0 USD
CY2014 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
23000000 USD
CY2015 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
324000000 USD
CY2013 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
CY2014 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2625000 USD
CY2015 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
23375000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
3331000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
34304000 USD
CY2013 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
83227000 USD
CY2014 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
80340000 USD
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
20968000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
13515000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8920000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4762000 USD
CY2014Q4 us-gaap Receivables Net Current
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202732000 USD
CY2015Q4 us-gaap Receivables Net Current
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210561000 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
2324000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
6658000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
200000 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
1600000 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
500000 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
19.21
CY2015Q4 us-gaap Share Price
SharePrice
20.89
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P7Y0M0D
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y10M30D
CY2014 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-229000 USD
CY2015 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-576000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
201257000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
191332000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
53875000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
89310000 USD
CY2014Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
158562000 USD
CY2015Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
154658000 USD
CY2015Q4 us-gaap Unbilled Receivables Not Billable At Balance Sheet Date Amount Expected To Be Collected After One Year
UnbilledReceivablesNotBillableAtBalanceSheetDateAmountExpectedToBeCollectedAfterOneYear
5200000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
12682000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
8541000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
7604000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
5714000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
7891000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
7604000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
6900000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1573000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
6954000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
700000 USD
CY2015 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
100000 USD
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10474000 shares
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10474000 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10474000 shares
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10474000 shares
CY2014Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10696000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10692000 shares
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10780000 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10804000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10825000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10474000 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10848000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10869000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10548000 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10474000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10474000 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10474000 shares
CY2014Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10480000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10476000 shares
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10495000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10560000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10599000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10551000 shares
CY2014Q4 vec Accrued Insurance Financing Current
AccruedInsuranceFinancingCurrent
0 USD
CY2015Q4 vec Accrued Insurance Financing Current
AccruedInsuranceFinancingCurrent
2727000 USD
CY2014Q4 vec Deferred Tax Liabilities Unbilled Receivables
DeferredTaxLiabilitiesUnbilledReceivables
38679000 USD
CY2015Q4 vec Deferred Tax Liabilities Unbilled Receivables
DeferredTaxLiabilitiesUnbilledReceivables
31218000 USD
CY2015 vec Defined Contribution Plan Numberof Plans
DefinedContributionPlanNumberofPlans
1 plan
CY2013 vec Depreciation Depletionand Amortization Excluding Amortizationof Financing Costs
DepreciationDepletionandAmortizationExcludingAmortizationofFinancingCosts
2631000 USD
CY2014 vec Depreciation Depletionand Amortization Excluding Amortizationof Financing Costs
DepreciationDepletionandAmortizationExcludingAmortizationofFinancingCosts
2149000 USD
CY2015 vec Depreciation Depletionand Amortization Excluding Amortizationof Financing Costs
DepreciationDepletionandAmortizationExcludingAmortizationofFinancingCosts
3138000 USD
CY2014 vec Net Parent Company Equity Decreasefrom Distributionto Affiliate
NetParentCompanyEquityDecreasefromDistributiontoAffiliate
136281000 USD
CY2013 vec Net Parent Company Equity Decreasefrom Transferto Parent
NetParentCompanyEquityDecreasefromTransfertoParent
94924000 USD
CY2014 vec Net Parent Company Equity Decreasefrom Transferto Parent
NetParentCompanyEquityDecreasefromTransfertoParent
6371000 USD
CY2014 vec Net Parent Company Equity Spinoff Adjustments
NetParentCompanyEquitySpinoffAdjustments
17841000 USD
CY2015 vec Numberof Contracts Exceeding Threshold
NumberofContractsExceedingThreshold
4 contract
CY2013 vec Paymentsfor Insurance Financing
PaymentsforInsuranceFinancing
0 USD
CY2014 vec Paymentsfor Insurance Financing
PaymentsforInsuranceFinancing
0 USD
CY2015 vec Paymentsfor Insurance Financing
PaymentsforInsuranceFinancing
12130000 USD
CY2013 vec Proceedsfrom Insurance Financing
ProceedsfromInsuranceFinancing
0 USD
CY2014 vec Proceedsfrom Insurance Financing
ProceedsfromInsuranceFinancing
0 USD
CY2015 vec Proceedsfrom Insurance Financing
ProceedsfromInsuranceFinancing
14857000 USD
CY2013 vec Proceedsfrom Paymentsto Parent Net
ProceedsfromPaymentstoParentNet
-94924000 USD
CY2014 vec Proceedsfrom Paymentsto Parent Net
ProceedsfromPaymentstoParentNet
-6371000 USD
CY2015 vec Proceedsfrom Paymentsto Parent Net
ProceedsfromPaymentstoParentNet
0 USD
CY2015 vec Restructuring Implementation Period
RestructuringImplementationPeriod
P2Y
CY2015Q4 vec Sharebased Compensation Arrangementby Sharebased Payment Award Outofthe Money Options Exercisable Number
SharebasedCompensationArrangementbySharebasedPaymentAwardOutoftheMoneyOptionsExercisableNumber
100000 shares
CY2015 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Subsequent to the issuance of the 2014 financial statements, the Company identified an error in the presentation of borrowings and repayments of the Company's revolving credit facility in the Consolidated and Combined Statement of Cash Flows for the year ended December 31, 2014. The Company corrected the presentation of borrowings and repayments on the revolving credit facility to reflect them on a gross basis in the financing activities section of the Consolidated and Combined Statement of Cash Flows. The correction did not change previously reported total financing activities. </font></div></div>
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Estimates are revised as additional information becomes available. Estimates and assumptions are used for, but not limited to, revenue recognition, income tax contingency accruals, fair value and impairment of goodwill and valuation of assets and certain contingent liabilities. Actual results could differ from these estimates.</font></div></div>

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0001601548-16-000082-index-headers.html Edgar Link pending
0001601548-16-000082-index.html Edgar Link pending
0001601548-16-000082.txt Edgar Link pending
0001601548-16-000082-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
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vec-20151231.xml Edgar Link completed
vec-20151231.xsd Edgar Link pending
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vec-20151231_lab.xml Edgar Link unprocessable
vec-20151231_pre.xml Edgar Link unprocessable