XML 48 R38.htm IDEA: XBRL DOCUMENT
v3.21.2

Debt (Narrative) (Details) |  | 6 Months Ended |  |  |  |
--- | --- | --- | --- | --- | --- | ---
Dec. 11, 2020 USD ($) | Jul. 31, 2021 USD ($) | Oct. 31, 2020 | Oct. 30, 2020 | Sep. 08, 2020 USD ($) | Feb. 01, 2020 USD ($)
Line of Credit Facility [Line Items] |  |  |  |  |  |
Line Of Credit Facility, Borrowing Capacity, Term |  | $ 15,000,000 |  |  |  |
Line of credit facility, period for reduced borrowings during fourth quarter of each fiscal year (consecutive days) |  | 30 days |  |  |  |
Revolving credit facility bears interest increased |  | 2.00% |  |  |  |
Unused portion fee rate |  | 0.375% |  |  |  |
Minimum coverage ratio | 1.10 |  |  |  |  |
Consecutive Four Fiscal Quarters Ending Thereafter |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Minimum fixed charge coverage ratio |  |  | 1.00 | 1.10 |  |
Inventory [Member] |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Revolving credit facility borrowing base limitation |  | 60.00% |  |  |  |
Inventories [Member] |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Revolving credit facility borrowing base limitation |  | 85.00% |  |  |  |
Maximum [Member] |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Covenant compliance, adjusted EBITDA | $ 2,000,000 |  |  |  |  |
Maximum [Member] | Accounts receivable [Member] |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Revolving credit facility borrowing base limitation |  | 85.00% |  |  |  |
Amendment No. 20 To Credit Facility [Member] |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Minimum fixed charge coverage ratio |  |  |  |  |  | 1.10
Amendment No. 20 To Credit Facility [Member] | Maximum [Member] |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Maximum capital expenditures |  |  |  |  |  | $ 8,000,000
Amendment No. 21 To Credit Facility [Member] |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Non-refundable fee |  |  |  |  | $ 75,000 |
Amendment No. 21 To Credit Facility [Member] | Consecutive Four Fiscal Quarters Ending July 31, 2020 |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Minimum fixed charge coverage ratio |  |  |  |  | 1.00 |
Amendment No. 21 To Credit Facility [Member] | Consecutive Four Fiscal Quarters Ending October 31, 2020 |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Minimum fixed charge coverage ratio |  |  |  |  | 1.00 |
Amendment No. 21 To Credit Facility [Member] | Consecutive Four Fiscal Quarters Ending Thereafter |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Minimum fixed charge coverage ratio |  |  |  |  | 1.10 |
Amendment No. 22 To Credit Facility [Member] |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Non-refundable fee | $ 40,000 |  |  |  |  |
Minimum coverage ratio | 1.10 |  |  |  |  |
Amendment No. 22 To Credit Facility [Member] | Maximum [Member] |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Covenant compliance, adjusted EBITDA | $ 2,000,000 |  |  |  |  |
PNC [Member] | Revolving Credit Facility [Member] |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Remaining borrowing capacity |  | $ 41,182,000 |  |  |  |
PNC [Member] | Revolving Credit Facility [Member] | Amendment No. 19 to Credit Facility [Member] |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  | 65,000,000 |  |  |  |
PNC [Member] | Equipment Loan [Member] | Amendment No. 19 to Credit Facility [Member] |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  | 10,000,000 |  |  |  |
Line of credit facility, Equipment financing |  | $ 2,000,000 |  |  |  |
Eurodollar [Member] | Minimum [Member] |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Revolving credit facility bears interest range of |  | 2.25% |  |  |  |
Eurodollar [Member] | Maximum [Member] |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Revolving credit facility bears interest range of |  | 2.75% |  |  |  |
Alternate Base Rate Loans [Member] |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Interest rate |  | 4.50% |  |  |  |
Alternate Base Rate Loans [Member] | London Interbank Offered Rate LIBOR [Member] | Minimum [Member] |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Revolving credit facility bears interest range of |  | 1.25% |  |  |  |
Alternate Base Rate Loans [Member] | London Interbank Offered Rate LIBOR [Member] | Maximum [Member] |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |
Revolving credit facility bears interest range of |  | 1.75% |  |  |  |

X
- Definition Amount of the fee that accompanies borrowing money under the debt instrument. + 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(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentFeeAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Contractual interest rate for funds borrowed, under the debt 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(a)(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The maximum amount of borrowing capacity under a line of credit that is available as of the balance sheet date for a specific purpose other than for financing goods acquired for inventory or imminent delivery to a customer. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityCapacityAvailableForSpecificPurposeOtherThanForTradePurchases
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
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_LineOfCreditFacilityLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The percentage points added to the reference rate or index during the adjustment period to compute the variable [fully indexed] rate on the loans receivable realized during the reporting period. This may be an effective margin for the period depending on the specific terms of the underlying loan agreement (for example, an annual disclosure for a loan with a quarterly adjustment period). + References No definition available. + Details
Name: | us-gaap_LoansReceivableBasisSpreadOnVariableRateDuringPeriod
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Debt Instrument, Covenant, Aggregate Debt + References No definition available. + Details
Name: | virc_DebtInstrumentCovenantAggregateDebt
Namespace Prefix: | virc_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Debt Instrument, Covenant Compliance, Adjusted EBITDTA + References No definition available. + Details
Name: | virc_DebtInstrumentCovenantComplianceAdjustedEBITDTA
Namespace Prefix: | virc_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Debt Instrument, Covenant Compliance, Minimum Coverage Ratio + References No definition available. + Details
Name: | virc_DebtInstrumentCovenantComplianceMinimumCoverageRatio
Namespace Prefix: | virc_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition Debt instrument, covenant, maintained fixed charge coverage ratio + References No definition available. + Details
Name: | virc_DebtInstrumentCovenantMinimumFixedChargeCoverageRatio
Namespace Prefix: | virc_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line of credit facility borrowing base limitation. + References No definition available. + Details
Name: | virc_LineOfCreditFacilityBorrowingBaseLimitation
Namespace Prefix: | virc_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line Of Credit Facility, Borrowing Capacity, Term + References No definition available. + Details
Name: | virc_LineOfCreditFacilityBorrowingCapacityTerm
Namespace Prefix: | virc_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Line of credit facility increase accrued interest percentage. + References No definition available. + Details
Name: | virc_LineOfCreditFacilityIncreaseAccruedInterestPercentage
Namespace Prefix: | virc_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line of Credit Facility, Period for Reduced Borrowings during Fourth Quarter of Each Fiscal Year + References No definition available. + Details
Name: | virc_LineofCreditFacilityPeriodforReducedBorrowingsduringFourthQuarterofEachFiscalYear
Namespace Prefix: | virc_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | virc_DebtInstrumentCovenantPeriodAxis=virc_CovenantPeriod3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ConcentrationRiskByBenchmarkAxis=virc_InventoryMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ConcentrationRiskByBenchmarkAxis=us-gaap_InventoriesMember
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_ConcentrationRiskByBenchmarkAxis=us-gaap_AccountsReceivableMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=virc_AmendmentNo.20ToCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=virc_AmendmentNo21ToCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | virc_DebtInstrumentCovenantPeriodAxis=virc_CovenantPeriod1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | virc_DebtInstrumentCovenantPeriodAxis=virc_CovenantPeriod2Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=virc_AmendmentNo22ToCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LineOfCreditFacilityAxis=virc_PNCMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

X
- Details
Name: | us-gaap_DebtInstrumentAxis=virc_AmendmentNo.19toCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_EurodollarMember
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: | us-gaap_TradingActivityByTypeAxis=virc_AlternateBaseRateLoansMember
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: |