XML 68 R38.htm IDEA: XBRL DOCUMENT v2.4.1.9
Debt - Additional Information (Details) (USD $)
0 Months Ended 3 Months Ended 0 Months Ended 12 Months Ended
Sep. 26, 2014
Mar. 27, 2015
Sep. 17, 2014
Mar. 27, 2016
Dec. 31, 2015
Apr. 01, 2016
Sep. 25, 2015
Debt Instrument [Line Items]              
Distribution to subsidiary of Exelis $ 136,300,000us-gaap_PaymentsOfDistributionsToAffiliates            
Maximum allowed dividend distribution   5,000,000vec_LineofCreditFacilityCovenantTermsMaximumAllowedDividendDistribution          
Senior Secured Credit Facilities              
Debt Instrument [Line Items]              
Credit facility, maximum borrowing capacity     215,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= vec_SeniorSecuredCreditFacilitiesMember
       
Covenant terms, ratio of total indebtedness to consolidated EBITDA   3.50vec_LineofCreditFacilityCovenantTermsMaximumDebttoEBITDARatio
/ us-gaap_DebtInstrumentAxis
= vec_SeniorSecuredCreditFacilitiesMember
         
Covenant terms, ratio of consolidated EBITDA to combined interest expense   4.50vec_LineofCreditCovenantTermsMinimumEBITDAtoInterestExpenseRatio
/ us-gaap_DebtInstrumentAxis
= vec_SeniorSecuredCreditFacilitiesMember
         
Ratio of total indebtedness to consolidated EBITDA   3.02vec_DebtInstrumentCovenantComplianceDebttoEBITDARatio
/ us-gaap_DebtInstrumentAxis
= vec_SeniorSecuredCreditFacilitiesMember
         
Ratio of combined EBITDA to consolidated interest expense   7.15vec_DebtInstrumentCovenantComplianceEBITDAtoInterestExpenseRatio
/ us-gaap_DebtInstrumentAxis
= vec_SeniorSecuredCreditFacilitiesMember
         
Interest rate   2.93%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_DebtInstrumentAxis
= vec_SeniorSecuredCreditFacilitiesMember
         
Debt Instrument, percentage of interest in event of default in excess of applicable rate   2.00%vec_DebtInstrumentInterestRateinExcessofApplicableRateinEventofDefault
/ us-gaap_DebtInstrumentAxis
= vec_SeniorSecuredCreditFacilitiesMember
         
Senior Secured Credit Facilities | Minimum              
Debt Instrument [Line Items]              
Undrawn portion of revolving facility, commitment fee percentage   0.40%us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
/ us-gaap_DebtInstrumentAxis
= vec_SeniorSecuredCreditFacilitiesMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
         
Senior Secured Credit Facilities | Maximum              
Debt Instrument [Line Items]              
Undrawn portion of revolving facility, commitment fee percentage   0.50%us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
/ us-gaap_DebtInstrumentAxis
= vec_SeniorSecuredCreditFacilitiesMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
         
Senior Secured Credit Facilities | London Interbank Offered Rate (LIBOR) | Minimum              
Debt Instrument [Line Items]              
Spread on variable rate   2.50%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= vec_SeniorSecuredCreditFacilitiesMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
         
Senior Secured Credit Facilities | London Interbank Offered Rate (LIBOR) | Maximum              
Debt Instrument [Line Items]              
Spread on variable rate   3.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= vec_SeniorSecuredCreditFacilitiesMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
         
Term Loan              
Debt Instrument [Line Items]              
Face amount of term loan facility     140,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
       
Facility, maturity     5 years        
Long-term Debt   137,400,000us-gaap_LongTermDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
         
Term facility, amortization rate, year one     7.50%vec_LongtermDebtMaturitiesAmortizationRateofRepaymentsofPrincipalinNextTwelveMonths
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
       
Term Facility, amortization rate, year two     10.00%vec_LongtermDebtMaturitiesAmortizationRateofRepaymentsofPrincipalinYearTwo
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
       
Term facility, amortization rate, year three     10.00%vec_LongtermDebtMaturitiesAmortizationRateofRepaymentsofPrincipalinYearThree
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
       
Term facility, amortization rate, year four     15.00%vec_LongtermDebtMaturitiesAmortizationRateofRepaymentsofPrincipalinYearFour
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
       
Term facility, amortization rate, year five     57.50%vec_LongtermDebtMaturitiesAmortizationRateofRepaymentsofPrincipalinYearFive
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
       
Term facility, mandatory prepayment terms, percentage of net cash proceeds from incurrence of indebtedness   100.00%vec_DebtInstrumentMandatoryPrepaymentTermsPercentageofNetCashProceedsfromIncurrenceofIndebtedness
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
         
Term facility, mandatory prepayment terms, percentage of net cash proceeds of all non-ordinary course asset sales or other dispositions of property   100.00%vec_DebtInstrumentMandatoryPrepaymentTermsPercentageofNetCashProceedsofAllNonOrdinaryCourseAssetSalesorOtherDispositionsofProperty
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
         
Revolver              
Debt Instrument [Line Items]              
Credit facility, maximum borrowing capacity     75,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_LineOfCreditMember
       
Facility, maturity     5 years        
Available borrowing capacity   60,700,000us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_LineOfCreditMember
         
Letters of Credit              
Debt Instrument [Line Items]              
Credit facility, maximum borrowing capacity     35,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_LetterOfCreditMember
       
Number of letters of credit outstanding   6vec_LettersofCreditOutstandingNumberOutstanding
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_LetterOfCreditMember
         
Letters of credit outstanding   14,300,000us-gaap_LettersOfCreditOutstandingAmount
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_LetterOfCreditMember
         
Swingline Facility              
Debt Instrument [Line Items]              
Credit facility, maximum borrowing capacity     10,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_BridgeLoanMember
       
Scenario, Forecast | Senior Secured Credit Facilities              
Debt Instrument [Line Items]              
Covenant terms, ratio of total indebtedness to consolidated EBITDA           2.75vec_LineofCreditFacilityCovenantTermsMaximumDebttoEBITDARatio
/ us-gaap_DebtInstrumentAxis
= vec_SeniorSecuredCreditFacilitiesMember
/ us-gaap_StatementScenarioAxis
= us-gaap_ScenarioForecastMember
3.00vec_LineofCreditFacilityCovenantTermsMaximumDebttoEBITDARatio
/ us-gaap_DebtInstrumentAxis
= vec_SeniorSecuredCreditFacilitiesMember
/ us-gaap_StatementScenarioAxis
= us-gaap_ScenarioForecastMember
Scenario, Forecast | Term Loan              
Debt Instrument [Line Items]              
Estimated repayment of debt       5,000,000us-gaap_RepaymentsOfDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
/ us-gaap_StatementScenarioAxis
= us-gaap_ScenarioForecastMember
     
Term facility, mandatory prepayment terms, percentage of borrower's excess cash flow         50.00%vec_DebtInstrumentMandatoryPrepaymentTermsPercentageofBorrowersExcessCashFlow
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
/ us-gaap_StatementScenarioAxis
= us-gaap_ScenarioForecastMember
   
Term facility, mandatory prepayment terms, percentage of borrower's excess cash flow, stepdown to 25%         25.00%vec_DebtInstrumentMandatoryPrepaymentTermsPercentageofBorrowersExcessCashFlowStepdownLeverageRatioOne
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
/ us-gaap_StatementScenarioAxis
= us-gaap_ScenarioForecastMember
   
Term facility, mandatory prepayment terms, percentage of borrower's excess cash flow, stepdown to 0%         0.00%vec_DebtInstrumentMandatoryPrepaymentTermsPercentageofBorrowersExcessCashFlowStepdownLeverageRatioTwo
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
/ us-gaap_StatementScenarioAxis
= us-gaap_ScenarioForecastMember
   
Long-term debt issuance costs, net              
Debt Instrument [Line Items]              
Debt financing fees     $ 3,700,000us-gaap_PaymentsOfDebtIssuanceCosts
/ us-gaap_BalanceSheetLocationAxis
= vec_LongTermDebtIssuanceCostsNetMember