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