$VVX
V2X, Inc.

2016 Q3 Form 10-Q Financial Statement

#000160154816000206 Filed on November 08, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3
Revenue $307.9M $299.1M
YoY Change 2.94% -0.63%
Cost Of Revenue $257.7M $272.2M
YoY Change -5.34% -0.54%
Gross Profit $26.10M $26.84M
YoY Change -2.76% -0.6%
Gross Profit Margin 8.48% 8.97%
Selling, General & Admin $14.93M $18.37M
YoY Change -18.69% -22.34%
% of Gross Profit 57.23% 68.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $400.0K $700.0K
YoY Change -42.86%
% of Gross Profit 1.53% 2.61%
Operating Expenses $14.93M $18.37M
YoY Change -18.69% -22.34%
Operating Profit $11.16M $8.471M
YoY Change 31.77% 157.4%
Interest Expense -$1.348M -$1.583M
YoY Change -14.85% 7095.45%
% of Operating Profit -12.08% -18.69%
Other Income/Expense, Net
YoY Change
Pretax Income $9.814M $6.888M
YoY Change 42.48% 110.71%
Income Tax $3.207M -$7.140M
% Of Pretax Income 32.68% -103.66%
Net Earnings $6.607M $14.03M
YoY Change -52.9% 563.26%
Net Earnings / Revenue 2.15% 4.69%
Basic Earnings Per Share $0.62 $1.33
Diluted Earnings Per Share $0.60 $1.29
COMMON SHARES
Basic Shares Outstanding 10.73M shares 10.56M shares
Diluted Shares Outstanding 11.06M shares 10.85M shares

Balance Sheet

Concept 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $50.00M $41.20M
YoY Change 21.36% -1.9%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $8.890M $13.87M
YoY Change -35.92% -22.93%
Inventory $300.0K $7.300M
Prepaid Expenses
Receivables $174.6M $214.9M
Other Receivables $3.029M $0.00
Total Short-Term Assets $231.2M $277.3M
YoY Change -16.6% 11.8%
LONG-TERM ASSETS
Property, Plant & Equipment $3.191M $6.769M
YoY Change -52.86% -24.79%
Goodwill $216.9M $216.9M
YoY Change 0.0% -2.28%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.194M $1.587M
YoY Change -24.76% -73.55%
Total Long-Term Assets $221.3M $225.3M
YoY Change -1.76% -4.94%
TOTAL ASSETS
Total Short-Term Assets $231.2M $277.3M
Total Long-Term Assets $221.3M $225.3M
Total Assets $452.5M $502.5M
YoY Change -9.95% 3.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $91.27M $115.9M
YoY Change -21.27% 17.1%
Accrued Expenses $21.68M $37.86M
YoY Change -42.75% 170.41%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $14.00M $17.00M
YoY Change -17.65% 54.55%
Total Short-Term Liabilities $176.3M $243.7M
YoY Change -27.67% 25.64%
LONG-TERM LIABILITIES
Long-Term Debt $77.81M $100.5M
YoY Change -22.61% -22.06%
Other Long-Term Liabilities $1.452M $2.295M
YoY Change -36.73% -87.25%
Total Long-Term Liabilities $164.3M $175.7M
YoY Change -6.53% -21.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $176.3M $243.7M
Total Long-Term Liabilities $164.3M $175.7M
Total Liabilities $340.6M $419.5M
YoY Change -18.81% 0.59%
SHAREHOLDERS EQUITY
Retained Earnings $53.55M $28.34M
YoY Change 88.94%
Common Stock $107.0K $106.0K
YoY Change 0.94%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $112.0M $83.08M
YoY Change
Total Liabilities & Shareholders Equity $452.5M $502.5M
YoY Change -9.95% 3.62%

Cashflow Statement

Concept 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $6.607M $14.03M
YoY Change -52.9% 563.26%
Depreciation, Depletion And Amortization $400.0K $700.0K
YoY Change -42.86%
Cash From Operating Activities $17.60M $10.20M
YoY Change 72.55% -72.43%
INVESTING ACTIVITIES
Capital Expenditures $300.0K $100.0K
YoY Change 200.0% -90.0%
Acquisitions
YoY Change
Other Investing Activities $100.0K
YoY Change
Cash From Investing Activities -$200.0K -$100.0K
YoY Change 100.0% -90.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.300M -9.600M
YoY Change -44.79% 140.0%
NET CHANGE
Cash From Operating Activities 17.60M 10.20M
Cash From Investing Activities -200.0K -100.0K
Cash From Financing Activities -5.300M -9.600M
Net Change In Cash 12.10M 500.0K
YoY Change 2320.0% -98.44%
FREE CASH FLOW
Cash From Operating Activities $17.60M $10.20M
Capital Expenditures $300.0K $100.0K
Free Cash Flow $17.30M $10.10M
YoY Change 71.29% -71.94%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
dei Document Period End Date
DocumentPeriodEndDate
2016-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001601548
CY2016Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
10774867 shares
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Vectrus, Inc.
dei Trading Symbol
TradingSymbol
VEC
CY2015Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
122442000 USD
CY2016Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
91269000 USD
CY2015Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
4302000 USD
CY2016Q3 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
3695000 USD
CY2015Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
18661000 USD
CY2016Q3 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
17354000 USD
CY2015Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
3214000 USD
CY2016Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
1062000 USD
CY2015Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
7537000 USD
CY2016Q3 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
6219000 USD
CY2015Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
25268000 USD
CY2016Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
21675000 USD
CY2015Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
13820000 USD
CY2016Q3 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
25111000 USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-3740000 USD
CY2016Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-3598000 USD
CY2015Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
58640000 USD
CY2016Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
61925000 USD
CY2015Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1770000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5621000 USD
CY2016Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
274000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
555000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
915000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3542000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
600000 USD
CY2016Q3 us-gaap Assets Current
AssetsCurrent
231233000 USD
CY2015Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
222889000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
13356000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
900000 USD
CY2015Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
17000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13000 shares
CY2016Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9000 shares
CY2015Q4 us-gaap Assets
Assets
484396000 USD
CY2016Q3 us-gaap Assets
Assets
452548000 USD
CY2015Q4 us-gaap Assets Current
AssetsCurrent
261507000 USD
CY2016Q3 us-gaap Assets Noncurrent
AssetsNoncurrent
221315000 USD
CY2015Q4 us-gaap Billed Contract Receivables
BilledContractReceivables
53070000 USD
CY2016Q3 us-gaap Billed Contract Receivables
BilledContractReceivables
24648000 USD
CY2015Q4 us-gaap Billings In Excess Of Cost Current
BillingsInExcessOfCostCurrent
6025000 USD
CY2016Q3 us-gaap Billings In Excess Of Cost Current
BillingsInExcessOfCostCurrent
3197000 USD
CY2014Q4 us-gaap Cash
Cash
42823000 USD
CY2015Q3 us-gaap Cash
Cash
41160000 USD
CY2015Q4 us-gaap Cash
Cash
39995000 USD
CY2016Q3 us-gaap Cash
Cash
53351000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1663000 USD
CY2015Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2016Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2016Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2016Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2015Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
10612246 shares
CY2016Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
10735846 shares
CY2015Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
10612246 shares
CY2016Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
10735846 shares
CY2015Q4 us-gaap Common Stock Value
CommonStockValue
106000 USD
CY2016Q3 us-gaap Common Stock Value
CommonStockValue
107000 USD
CY2015Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
13946000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
24109000 USD
CY2016Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
7287000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
19388000 USD
CY2015Q3 us-gaap Contract Revenue Cost
ContractRevenueCost
272224000 USD
us-gaap Contract Revenue Cost
ContractRevenueCost
791170000 USD
CY2016Q3 us-gaap Contract Revenue Cost
ContractRevenueCost
257687000 USD
us-gaap Contract Revenue Cost
ContractRevenueCost
822042000 USD
CY2015Q3 us-gaap Contracts Revenue
ContractsRevenue
299061000 USD
us-gaap Contracts Revenue
ContractsRevenue
869490000 USD
CY2016Q3 us-gaap Contracts Revenue
ContractsRevenue
283782000 USD
us-gaap Contracts Revenue
ContractsRevenue
902359000 USD
CY2015Q4 us-gaap Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year
CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear
1243000 USD
CY2016Q3 us-gaap Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year
CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear
4957000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
91343000 USD
CY2016Q3 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
85002000 USD
CY2015Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
900000 USD
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
2100000 USD
CY2016Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
900000 USD
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
2100000 USD
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.33
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.37
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.62
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.80
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.29
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.31
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.60
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.76
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-207000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
614000 USD
CY2015Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-1.037
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.040
CY2016Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.327
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.356
CY2016Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2015Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
36783000 USD
CY2016Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
46160000 USD
CY2015Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
637000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2024000 USD
CY2016Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
97000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1260000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-328000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-402000 USD
CY2015Q4 us-gaap Goodwill
Goodwill
216930000 USD
CY2016Q3 us-gaap Goodwill
Goodwill
216930000 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
6888000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
24054000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
9814000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
29875000 USD
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-7140000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-958000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3207000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10629000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
11129000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
20598000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1994000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-31593000 USD
us-gaap Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
7498000 USD
us-gaap Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
-2828000 USD
CY2015Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
182568000 USD
CY2016Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
164263000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
5306000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
7138000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
700000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
9252000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1893000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2954000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-16889000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-4314000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
13862000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-47501000 USD
CY2015Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-1583000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-4616000 USD
CY2016Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-1348000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-4396000 USD
us-gaap Interest Paid Net
InterestPaidNet
4381000 USD
us-gaap Interest Paid Net
InterestPaidNet
4224000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
395086000 USD
CY2016Q3 us-gaap Liabilities
Liabilities
340564000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
484396000 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
452548000 USD
CY2015Q4 us-gaap Liabilities Current
LiabilitiesCurrent
212518000 USD
CY2016Q3 us-gaap Liabilities Current
LiabilitiesCurrent
176301000 USD
CY2015Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
22000000 USD
CY2016Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
14000000 USD
CY2015Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
89615000 USD
CY2016Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
77809000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-10731000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-20804000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-769000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
62000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
10044000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
33484000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
14028000 USD
us-gaap Net Income Loss
NetIncomeLoss
25012000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
6607000 USD
us-gaap Net Income Loss
NetIncomeLoss
19246000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
8471000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
28670000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
11162000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
34271000 USD
CY2015Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
11790000 USD
CY2016Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
14394000 USD
CY2015Q4 us-gaap Other Assets Current
OtherAssetsCurrent
9708000 USD
CY2016Q3 us-gaap Other Assets Current
OtherAssetsCurrent
8890000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1197000 USD
CY2016Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1194000 USD
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
-121000 USD
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
-101000 USD
CY2016Q3 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
94000 USD
CY2015Q3 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
-209000 USD
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
-182000 USD
CY2016Q3 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
168000 USD
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
-218000 USD
CY2015Q3 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
-114000 USD
CY2015Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
127000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-721000 USD
CY2016Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
512000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
360000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-82000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-903000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
680000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
142000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-65000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-36000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
2000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-3000 USD
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-388000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-319000 USD
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
264000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-342000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1610000 USD
CY2016Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1452000 USD
CY2015Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
2833000 USD
CY2016Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
3029000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
221000 USD
CY2014Q3 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
136300000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
759000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
651000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
769000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
400000 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2016Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
346000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
235500000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
74000000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
116000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
107000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
568000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4762000 USD
CY2016Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3191000 USD
CY2015Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
210561000 USD
CY2016Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
164035000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
235500000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
74000000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
16875000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
20500000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
34304000 USD
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
53550000 USD
CY2015Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
18366000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
49650000 USD
CY2016Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
14933000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
46046000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
5621000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3542000 USD
CY2016Q3 us-gaap Share Price
SharePrice
15.23
CY2016Q3 us-gaap Share Price
SharePrice
27.63
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
89310000 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
111984000 USD
CY2015Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
154658000 USD
CY2016Q3 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
136358000 USD
CY2016Q3 us-gaap Unbilled Receivables Not Billable At Balance Sheet Date Amount Expected To Be Collected After One Year
UnbilledReceivablesNotBillableAtBalanceSheetDateAmountExpectedToBeCollectedAfterOneYear
4700000 USD
CY2015Q3 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
6900000 USD
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10848000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10808000 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11061000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10966000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10560000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10533000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10733000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10688000 shares
CY2015Q4 vec Accrued Insurance Financing Current
AccruedInsuranceFinancingCurrent
2727000 USD
CY2016Q3 vec Accrued Insurance Financing Current
AccruedInsuranceFinancingCurrent
0 USD
vec Defined Contribution Plan Numberof Plans
DefinedContributionPlanNumberofPlans
1 plan
vec Depreciation Depletionand Amortization Excluding Amortizationof Financing Costs
DepreciationDepletionandAmortizationExcludingAmortizationofFinancingCosts
2500000 USD
vec Depreciation Depletionand Amortization Excluding Amortizationof Financing Costs
DepreciationDepletionandAmortizationExcludingAmortizationofFinancingCosts
1453000 USD
vec Lineof Credit Facility Covenant Terms Maximum Allowed Dividend Distribution
LineofCreditFacilityCovenantTermsMaximumAllowedDividendDistribution
10000000 USD
CY2016Q3 vec Numberof Contracts Not Renewed
NumberofContractsNotRenewed
2 contract
vec Proceedsfrom Insurance Financing
ProceedsfromInsuranceFinancing
14857000 USD
vec Proceedsfrom Insurance Financing
ProceedsfromInsuranceFinancing
0 USD
vec Repaymentsof Insurance Financing
RepaymentsofInsuranceFinancing
8061000 USD
vec Repaymentsof Insurance Financing
RepaymentsofInsuranceFinancing
0 USD
CY2015Q3 vec Unrecognized Tax Benefits Decrease Resultingfrom Filingof Former Parents Return
UnrecognizedTaxBenefitsDecreaseResultingfromFilingofFormerParentsReturn
700000 USD
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>

Files In Submission

Name View Source Status
0001601548-16-000206-index-headers.html Edgar Link pending
0001601548-16-000206-index.html Edgar Link pending
0001601548-16-000206.txt Edgar Link pending
0001601548-16-000206-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
vec-0930201610xq.htm Edgar Link pending
vec-09302016x311.htm Edgar Link pending
vec-09302016x312.htm Edgar Link pending
vec-09302016x321.htm Edgar Link pending
vec-09302016x322.htm Edgar Link pending
vec-20160930.xml Edgar Link completed
vec-20160930.xsd Edgar Link pending
vec-20160930_cal.xml Edgar Link unprocessable
vec-20160930_def.xml Edgar Link unprocessable
vec-20160930_lab.xml Edgar Link unprocessable
vec-20160930_pre.xml Edgar Link unprocessable