XML 56 R44.htm IDEA: XBRL DOCUMENT
v3.23.1

Debt (Narrative) (Details) | 1 Months Ended | 12 Months Ended |  |  |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Aug. 31, 2017 USD ($) | Jan. 31, 2023 USD ($) | Jan. 31, 2022 USD ($) | Oct. 31, 2022 USD ($) | Sep. 30, 2022 USD ($) | Aug. 31, 2022 USD ($) | Jul. 31, 2022 USD ($) | Apr. 15, 2022 USD ($) | Dec. 07, 2021 | Sep. 28, 2021 USD ($)
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |
Fee on unused portion of revolving line of credit (percent) |  | 0.375% | 0.375% |  |  |  |  |  |  |
Long-term Debt |  | $ 21,744,000 | $ 14,513,000 |  |  |  |  |  |  |
Mortgages |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |
Debt Instrument, Interest Rate, Stated Percentage | 4.00% |  |  |  |  |  |  |  |  |
Long-term Debt |  | $ 4,600,000 |  |  |  |  |  |  |  |
Debt Instrument, Face Amount | $ 5,800,000 |  |  |  |  |  |  |  |  |
Debt Instrument, Term | 20 years |  |  |  |  |  |  |  |  |
Alternate Base Rate Loans |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |
Debt Instrument, Interest Rate, Stated Percentage |  | 9.25% | 5.00% |  |  |  |  |  |  |
Revolving credit facility | PNC |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |
Remaining borrowing capacity |  | $ 12,900,000 | $ 20,400,000 |  |  |  |  |  |  |
Restated Credit Agreement | PNC |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |
Credit agreement, dividends or payment on capital stock limit |  |  |  |  |  |  |  |  |  | $ 3,000,000
Trailing fixed charge coverage ratio related to capital stock transactions |  |  |  |  |  |  |  |  |  | 1.20
Non-refundable fee |  |  |  |  |  |  |  |  |  | $ 50,000
Restated Credit Agreement | Revolving credit facility |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |
Borrowing capacity |  | $ 65,000,000 |  |  |  |  |  |  |  |
Borrowing base limitation, advances as a percentage of eligible inventory component |  | 60.00% |  |  |  |  |  |  |  |
Borrowing base limitation, advances as a percentage of liquidation value of inventory component |  | 85.00% |  |  |  |  |  |  |  |
Additional capacity for January through July |  | $ 15,000.0 |  |  |  |  |  |  |  |
Restated Credit Agreement | Revolving credit facility | Maximum |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |
Borrowing base limitation, advances as a percentage of eligible accounts receivable |  | 85.00% |  |  |  |  |  |  |  |
Restated Credit Agreement | Equipment loan |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |
Equipment loan |  | $ 2,000,000 |  |  |  |  |  |  |  |
Restated Credit Agreement | Fourth quarter of fiscal year | Revolving credit facility |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |
Borrowing capacity |  | $ 10,000,000 |  |  |  |  |  |  |  |
Period for reduced borrowings during fourth quarter of each fiscal year (consecutive days) |  | 30 days |  |  |  |  |  |  |  |
Amended And Restated Revolving Credit And Security Agreement, No. 2 |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |
Extension fee |  |  |  |  |  |  |  | $ 250,000 |  |
Waiver and amendment fee |  |  |  |  |  |  |  | 75,000 |  |
Extension fee and waiver and amendment fee due at closing |  |  |  |  |  |  |  | 200,000 |  |
Extension fee and waiver and amendment fee due at first anniversary of closing |  |  |  |  |  |  |  | $ 125,000 |  |
Amended And Restated Revolving Credit And Security Agreement, No. 2 | Revolving credit facility |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |
Borrowing capacity |  |  |  | $ 45,000,000 | $ 40,000,000 | $ 70,000,000 | $ 65,000,000 |  |  |
Amended And Restated Revolving Credit And Security Agreement, No. 2 | Consecutive four fiscal quarters ending January 31, 2022 |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |
Fixed charge coverage ratio |  |  |  |  |  |  |  |  | 1.00 |

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 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 https://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124429444&loc=SL124452920-239629 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69C -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495737-112612 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

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 https://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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 2: 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 https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentTerm
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

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 https://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 https://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 Amount, excluding unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b)(3) -URI https://asc.fasb.org/extlink&oid=123466204&loc=SL6031897-161870 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69C -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495737-112612 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(a)(16)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 Reference 5: 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 https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1D -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495340-112611 Reference 7: 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 https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Credit Agreement, Dividends Or Payment On Capital Stock Covenant, Trailing Fixed Charge Coverage Ratio + References No definition available. + Details
Name: | virc_CreditAgreementDividendsOrPaymentOnCapitalStockCovenantTrailingFixedChargeCoverageRatio
Namespace Prefix: | virc_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition Credit Agreement, Dividends Or Payment On Capital Stock Limitation + References No definition available. + Details
Name: | virc_CreditAgreementDividendsOrPaymentOnCapitalStockLimitation
Namespace Prefix: | virc_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Credit Agreement, Extension Fee + References No definition available. + Details
Name: | virc_CreditAgreementExtensionFee
Namespace Prefix: | virc_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Credit Agreement, Extension, Waiver And Amendment Fee, Due At Closing + References No definition available. + Details
Name: | virc_CreditAgreementExtensionWaiverAndAmendmentFeeDueAtClosing
Namespace Prefix: | virc_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Credit Agreement, Extension, Waiver And Amendment Fee, Due On First Anniversary Of Closing + References No definition available. + Details
Name: | virc_CreditAgreementExtensionWaiverAndAmendmentFeeDueOnFirstAnniversaryOfClosing
Namespace Prefix: | virc_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Credit Agreement, Waiver And Amendment Fee + References No definition available. + Details
Name: | virc_CreditAgreementWaiverAndAmendmentFee
Namespace Prefix: | virc_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
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, Component, Percentage Of Eligible Inventory + References No definition available. + Details
Name: | virc_LineOfCreditFacilityBorrowingBaseLimitationComponentPercentageOfEligibleInventory
Namespace Prefix: | virc_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line Of Credit Facility, Borrowing Base Limitation, Component, Percentage Of Liquidation Value Of Eligible Inventory + References No definition available. + Details
Name: | virc_LineOfCreditFacilityBorrowingBaseLimitationComponentPercentageOfLiquidationValueOfEligibleInventory
Namespace Prefix: | virc_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line Of Credit Facility, Borrowing Base Limitation, Percentage Of Eligible Accounts Receivable + References No definition available. + Details
Name: | virc_LineOfCreditFacilityBorrowingBaseLimitationPercentageOfEligibleAccountsReceivable
Namespace Prefix: | virc_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

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

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: | us-gaap_LongtermDebtTypeAxis=us-gaap_MortgagesMember
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_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember
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_DebtInstrumentAxis=virc_AmendedAndRestatedRevolvingCreditAndSecurityAgreementMember
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_CreditFacilityAxis=virc_EquipmentLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

X
- Details
Name: | us-gaap_DebtInstrumentAxis=virc_AmendedAndRestatedRevolvingCreditAndSecurityAgreementNumber2Member
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: |