XML 57 R47.htm IDEA: XBRL DOCUMENT
v3.22.1

Debt - Additional Information (Details) | 3 Months Ended |  |
--- | --- | --- | ---
Apr. 01, 2022 USD ($) letters_of_credit | Dec. 31, 2021 USD ($) | Dec. 24, 2020 USD ($)
Debt Instrument [Line Items] |  |  |
Credit facility, maximum borrowing capacity |  |  | $ 100,000,000
Increase limit |  |  | 100,000,000
Number of letters of credit outstanding | letters_of_credit | 2 |  |
Senior secured credit facilities |  |  |
Debt Instrument [Line Items] |  |  |
Credit facility, maximum borrowing capacity | $ 270,000,000 |  |
Covenant terms, ratio of total indebtedness to combined EBITDA | 3.00 |  |
Covenant terms, maximum debt to EBITDA ratio, twelve months following purchase | 3.50 |  |
Covenant terms, ratio of EBITDA to interest expense, net, | 4.50 |  |
Ratio of total indebtedness to combined EBITDA | 1.40 |  |
Ratio of combined EBITDA to combined interest expense | 12.32 |  |
Interest rate | 2.41% |  |
Senior secured credit facilities | London Interbank Offered Rate (LIBOR) | Minimum |  |  |
Debt Instrument [Line Items] |  |  |
Spread on variable rate | 1.85% |  |
Senior secured credit facilities | London Interbank Offered Rate (LIBOR) | Maximum |  |  |
Debt Instrument [Line Items] |  |  |
Spread on variable rate | 2.60% |  |
Senior secured credit facilities | Base Rate | Minimum |  |  |
Debt Instrument [Line Items] |  |  |
Spread on variable rate | 0.75% |  |
Senior secured credit facilities | Base Rate | Maximum |  |  |
Debt Instrument [Line Items] |  |  |
Spread on variable rate | 1.50% |  |
Unsecured Debt |  |  |
Debt Instrument [Line Items] |  |  |
Credit facility, maximum borrowing capacity |  |  | 75,000,000
Term facility |  |  |
Debt Instrument [Line Items] |  |  |
Outstanding borrowings | $ 52,800,000 |  |
Term facility | Quarterly July 1, 2022 Through September 30, 2023 |  |  |
Debt Instrument [Line Items] |  |  |
Outstanding borrowings | 2,600,000 |  |
Term facility | Due November 15, 2023 |  |  |
Debt Instrument [Line Items] |  |  |
Outstanding borrowings | 37,200,000 |  |
Amended revolver |  |  |
Debt Instrument [Line Items] |  |  |
Credit facility, maximum borrowing capacity |  |  | $ 25,000,000
Outstanding borrowings | 67,000,000 | $ 50,000,000 |
Letters of credit outstanding | 2,700,000 |  |
Remaining borrowing capacity | $ 200,300,000 |  |
Term Facility And Amended Revolver | Minimum |  |  |
Debt Instrument [Line Items] |  |  |
Commitment fee percentage | 0.30% |  |
Term Facility And Amended Revolver | Maximum |  |  |
Debt Instrument [Line Items] |  |  |
Commitment fee percentage | 0.45% |  |

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 6 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123466204&loc=SL6036836-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=124429444&loc=SL124452920-239629 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateEffectivePercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The total amount of the contingent obligation under letters of credit outstanding as of the reporting date. + References No definition available. + Details
Name: | us-gaap_LettersOfCreditOutstandingAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 + Details
Name: | us-gaap_LineOfCredit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The fee, expressed as a percentage of the line of credit facility, for available but unused credit capacity under the credit facility. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Debt Instrument, Covenant Compliance, Debt to EBITDA Ratio + References No definition available. + Details
Name: | vec_DebtInstrumentCovenantComplianceDebttoEBITDARatio
Namespace Prefix: | vec_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Debt Instrument, Covenant Compliance, EBITDA to Interest Expense Ratio + References No definition available. + Details
Name: | vec_DebtInstrumentCovenantComplianceEBITDAtoInterestExpenseRatio
Namespace Prefix: | vec_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Letters of Credit Outstanding, Number Outstanding + References No definition available. + Details
Name: | vec_LettersofCreditOutstandingNumberOutstanding
Namespace Prefix: | vec_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line Of Credit Facility, Accordian Feature, Increase Limit + References No definition available. + Details
Name: | vec_LineOfCreditFacilityAccordianFeatureIncreaseLimit
Namespace Prefix: | vec_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Debt Instrument, Covenant Terms, Minimum EBITDA to Interest Expense Ratio + References No definition available. + Details
Name: | vec_LineofCreditCovenantTermsMinimumEBITDAtoInterestExpenseRatio
Namespace Prefix: | vec_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line of Credit Facility, Covenant Terms, Maximum Debt to EBITDA Ratio + References No definition available. + Details
Name: | vec_LineofCreditFacilityCovenantTermsMaximumDebttoEBITDARatio
Namespace Prefix: | vec_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line of Credit Facility, Covenant Terms, Maximum Debt to EBITDA Ratio, Twelve Months Following Purchase + References No definition available. + Details
Name: | vec_LineofCreditFacilityCovenantTermsMaximumDebttoEBITDARatioTwelveMonthsFollowingPurchase
Namespace Prefix: | vec_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Details
Name: | us-gaap_CreditFacilityAxis=vec_SeniorSecuredCreditFacilitiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_BaseRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_UnsecuredDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=vec_TermFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | vec_AmortizationTermAxis=vec_QuarterlyJuly12022ThroughSeptember302023Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | vec_AmortizationTermAxis=vec_DueNovember152023Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=vec_AmendedRevolverMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=vec_TermFacilityAndAmendedRevolverMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |