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Acquisitions (Tables) | 3 Months Ended
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Mar. 31, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The final purchase price allocation is as follows (in thousands):
Receivables |  | $ | 9,122 |
Contract assets |  | 16,193 |
Inventories |  | 5,512 |
Prepaid expenses and other current assets |  | 570 |
Other assets |  | 214 |
Property and equipment, net |  | 6,434 |
Intangible asset - customer related |  | 59,000 |
Goodwill |  | 40,201 |
Operating lease right-of-use assets |  | 7,832 |
Total assets acquired |  | 145,078 |
Accounts payable |  | (9,764) |
Accrued expense and other current liabilities |  | (5,624) |
Long-term operating lease obligations |  | (7,339) |
Total liabilities assumed |  | (22,727) |
Net assets acquired, excluding cash |  | $ | 122,351 |
Cash consideration, net of cash acquired |  | $ | 112,351 |
VSE common stock, at fair value |  | 10,000 |
Total |  | $ | 122,351 |
The adjusted preliminary purchase price is as follows (in thousands):
Receivables |  | $ | 27,379 |
Contract assets |  | 2,925 |
Inventories |  | 37,686 |
Prepaid expenses and other current assets |  | 2,723 |
Property and equipment, net |  | 10,301 |
Intangible asset - customer related |  | 41,900 |
Goodwill |  | 96,024 |
Operating lease right-of-use assets |  | 14,141 |
Total assets acquired |  | 233,079 |
Accounts payable |  | (27,750) |
Accrued expense and other current liabilities |  | (6,153) |
Deferred tax liabilities |  | (10) |
Long-term operating lease obligations |  | (10,300) |
Total liabilities assumed |  | (44,213) |
Net assets acquired, excluding cash |  | $ | 188,866 |
Cash consideration, net of cash acquired |  | $ | 168,599 |
VSE common stock, at fair value |  | 20,267
Total |  | $ | 188,866 |
Business Acquisition, Pro Forma Information | The unaudited consolidated pro forma results of operations are as follows (in thousands):
|  | Three months ended March 31,
|  | 2025 |  | 2024
Revenue |  | $ | 256,045 |  |  | $ | 187,054 |
Income from continuing operations |  | $ | 13,968 |  |  | $ | 4,900 |
The unaudited consolidated pro forma results of operations are as follows (in thousands):
|  | Three months ended March 31, |  |  |  |  |  |
|  | 2025 |  | 2024 |  |  |  |  |  |
Revenue |  | $ | 256,045 |  |  | $ | 200,758 |  |  |  |  |  |  |
Income from continuing operations (a) |  | $ | 14,559 |  |  | $ | 7,447 |  |  |  |  |  |  |
(a) The after-tax impact of acquisition expenses incurred during the three months ended March 31, 2025 were adjusted for in the current period.

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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