Volt Information Sciences (VOLT) 10-Q 12 Sep 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Aug. 03, 2014	Sep. 05, 2014
Document And Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	3-Aug-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Trading Symbol	'VISI	'
Entity Registrant Name	'VOLT INFORMATION SCIENCES, INC.	'
Entity Central Index Key	'0000103872	'
Current Fiscal Year End Date	'--11-02	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	20,872,795

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Aug. 03, 2014	Jul. 28, 2013	Aug. 03, 2014	Jul. 28, 2013
REVENUE:	'	'	'	'
Staffing service revenue	$396,979	$455,848	$1,195,981	$1,406,939
Other revenue	39,992	48,365	129,623	137,203
NET REVENUE	436,971	504,213	1,325,604	1,544,142
EXPENSES:	'	'	'	'
Direct cost of staffing services revenue	338,704	390,432	1,026,063	1,215,541
Cost of other revenue	35,890	37,595	111,824	117,221
Selling, administrative and other operating costs	60,736	72,128	192,378	217,457
Amortization of purchased intangible assets	195	337	754	1,028
Restructuring costs	117	223	2,396	1,911
Restatement, investigations and remediation	0	1,159	5,261	22,366
TOTAL EXPENSES	435,642	501,874	1,338,676	1,575,524
OPERATING INCOME (LOSS)	1,329	2,339	-13,072	-31,382
OTHER INCOME (EXPENSE), NET:	'	'	'	'
Interest income (expense), net	-787	-817	-2,449	-2,046
Foreign exchange gain (loss), net	-424	113	-1,645	1,590
Other income (expense), net	-8	-23	134	58
TOTAL OTHER INCOME (EXPENSE), NET	-1,219	-727	-3,960	-398
INCOME (LOSS) BEFORE INCOME TAXES	110	1,612	-17,032	-31,780
Income tax provision (benefit)	590	-444	4,017	715
NET INCOME (LOSS)	($480)	$2,056	($21,049)	($32,495)
Basic:	'	'	'	'
Net income (loss) (in dollars per share)	($0.02)	$0.10	($1.01)	($1.56)
Weighted average number of shares - basic (shares)	20,866	20,829	20,859	20,822
Diluted:	'	'	'	'
Net income (loss) (in dollars per share)	($0.02)	$0.10	($1.01)	($1.56)
Weighted average number of shares - diluted (shares)	20,866	21,019	20,859	20,822

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Comprehensive Income (Loss) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Aug. 03, 2014	Jul. 28, 2013	Aug. 03, 2014	Jul. 28, 2013
Statement of Comprehensive Income [Abstract]	'	'	'	'
NET INCOME (LOSS)	($480)	$2,056	($21,049)	($32,495)
Other comprehensive income (loss):	'	'	'	'
Foreign currency translation adjustments, net of taxes of $0	-71	-736	1,793	-3,051
Unrealized gain (loss) on marketable securities, net of taxes of $0	-1	-3	19	-4
Total other comprehensive income (loss)	-72	-739	1,812	-3,055
COMPREHENSIVE INCOME (LOSS)	($552)	$1,317	($19,237)	($35,550)

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Aug. 03, 2014	Jul. 28, 2013	Aug. 03, 2014	Jul. 28, 2013
Statement of Comprehensive Income [Abstract]	'	'	'	'
Foreign currency translation adjustments, taxes	$0	$0	$0	$0
Unrealized gains (loss) on marketable securities, taxes	$0	$0	$0	$0

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Aug. 03, 2014	Nov. 03, 2013
In Thousands, unless otherwise specified
CURRENT ASSETS:	'	'
Cash and cash equivalents	$10,449	$11,114
Restricted cash and short-term investments	46,282	53,500
Trade accounts receivable, net of allowances of $1,059 and $1,811, respectively	251,229	293,305
Recoverable income taxes	18,051	17,150
Prepaid insurance and other current assets	30,882	35,345
TOTAL CURRENT ASSETS	356,893	410,414
Prepaid insurance and other assets, excluding current portion	46,859	52,574
Property, equipment and software, net	29,924	37,324
TOTAL ASSETS	433,676	500,312
CURRENT LIABILITIES:	'	'
Accrued compensation	44,038	53,474
Accounts payable	53,070	57,165
Accrued taxes other than income taxes	18,369	19,520
Accrued insurance and other	39,687	44,133
Deferred revenue, net, current portion	10,825	13,335
Short-term borrowings, including current portion of long-term debt	143,196	168,114
TOTAL CURRENT LIABILITIES	309,185	355,741
Accrued insurance and other, excluding current portion	13,036	14,705
Deferred revenue, net, excluding current portion	3,225	2,839
Income taxes payable, excluding current portion	9,109	8,659
Long-term debt, excluding current portion	7,451	8,127
TOTAL LIABILITIES	342,006	390,071
Commitments and contingencies	'	'
STOCKHOLDERS' EQUITY:	'	'
Preferred stock, par value $1.00; Authorized - 500,000 shares; Issued - none	0	0
Common stock, par value $0.10; Authorized - 120,000,000 shares; Issued - 23,560,102 and 23,536,769, respectively; Outstanding - 20,872,795 and 20,849,462, respectively	2,356	2,354
Paid-in capital	72,399	72,003
Retained earnings	62,226	83,007
Accumulated other comprehensive loss	-3,431	-5,243
Treasury stock, at cost; 2,687,307 shares	-41,880	-41,880
TOTAL STOCKHOLDERS' EQUITY	91,670	110,241
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$433,676	$500,312

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Aug. 03, 2014	Nov. 03, 2013
In Thousands, except Share data, unless otherwise specified
Statement of Financial Position [Abstract]	'	'
Trade accounts receivable, allowances	$1,059	$1,811
Preferred stock, par value	$1	$1
Preferred stock, shares authorized	500,000	500,000
Preferred stock, shares issued	0	0
Common stock, par value	$0.10	$0.10
Common stock, shares authorized	120,000,000	120,000,000
Common stock, shares issued	23,560,102	23,536,769
Common stock, shares outstanding	20,872,795	20,849,462
Treasury stock, shares	2,687,307	2,687,307

Condensed_Consolidated_Stateme3

Condensed Consolidated Statements of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Aug. 03, 2014	Jul. 28, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net loss	($21,049)	($32,495)
Adjustment to reconcile net loss to cash provided by (used in) operating activities:	'	'
Depreciation and amortization	9,463	11,380
Provision (release) of doubtful accounts and sales allowances	-285	376
Unrealized foreign currency exchange loss (gain)	2,049	-1,824
(Gain) Loss on dispositions of property, equipment and software	177	-89
Deferred income tax provision (benefit)	1,415	-1,736
Share-based compensation expense	398	383
Change in operating assets and liabilities:	'	'
Trade accounts receivable	42,133	48,286
Restricted cash related to customer contracts	-129	11,530
Prepaid insurance and other assets	8,569	-10,645
Accounts payable	-3,846	-29,526
Accrued expenses	-17,188	-5,804
Deferred revenue, net	-2,461	-5,731
Other liabilities	-312	-140
Income taxes	-346	-6,038
Net cash provided by (used in) operating activities	18,588	-22,073
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Sales of investments	1,109	1,556
Purchases of investments	-397	-1,485
Proceeds from sale of software related assets	3,000	0
Proceeds from sale of property, equipment, and software	5	245
Purchases of property, equipment, and software	-4,196	-6,916
Net cash provided by (used in) investing activities	-479	-6,600
CASH FLOWS FROM FINANCING ACTIVITES:	'	'
Increase in cash restricted as collateral for borrowings	6,807	4,410
Net change in short-term borrowings	-24,853	19,977
Repayment of long-term debt	-623	-570
Net cash provided by (used in) financing activities	-18,669	23,817
Effect of exchange rate changes on cash and cash equivalents	-105	-238
Net increase (decrease) in cash and cash equivalents	-665	-5,094
Cash and cash equivalents, beginning of period	11,114	26,483
Cash and cash equivalents, end of period	10,449	21,389
Cash paid during the period:	'	'
Interest	2,729	2,114
Income taxes	$4,246	$9,823

Basis_of_Presentation

Basis of Presentation	9 Months Ended
	Aug. 03, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Basis of Presentation	'
	Basis of Presentation
	Basis of Presentation
	The accompanying interim condensed consolidated financial statements of Volt Information Sciences, Inc. ("Volt" or the "Company") have been prepared in conformity with generally accepted accounting principles, consistent in all material respects with those applied in the Annual Report on Form 10-K for the year ended November 3, 2013. The Company makes estimates and assumptions that affect the amounts reported. Actual results could differ from those estimates and changes in estimates are reflected in the period in which they become known. Accounting for certain expenses, including income taxes, are based on full year assumptions, and the financial statements reflect all normal adjustments that, in the opinion of management, are necessary for fair presentation of the interim periods presented. The interim information is unaudited and is prepared pursuant to the rules and regulations of the United States Securities and Exchange Commission (the "SEC"), which provides for omission of certain information and footnote disclosures. This interim financial information should be read in conjunction with the consolidated financial statements in the Company's Annual Report on Form 10-K for the year ended November 3, 2013.
	The Company’s fiscal year ends on the Sunday nearest October 31st. The 2014 fiscal year consists of 52 weeks while the 2013 fiscal year consisted of 53 weeks. The three and nine month periods in fiscal 2014 and 2013 each consisted of 13 weeks and 39 weeks, respectively.
	Restatement, investigations and remediation costs are discussed further in our Form 10-K for the fiscal year ended November 3, 2013, and are comprised of financial and legal consulting, audit and related costs of the restatement, related investigations, and completion of delayed filings required under SEC regulations.

Recently_Issued_Accounting_Pro

Recently Issued Accounting Pronouncements	9 Months Ended
	Aug. 03, 2014
Accounting Changes and Error Corrections [Abstract]	'
Recently Issued Accounting Pronouncements	'
	Recently Issued Accounting Pronouncements
	From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board ("FASB") or other standard setting bodies. Unless otherwise discussed, the Company believes that the impact of recently issued standards that are not yet effective will not have a material impact on its consolidated financial position or results of operations upon adoption.
	New Accounting Standards Not Yet Adopted by the Company
	In April 2014, the FASB issued Accounting Standards Update ("ASU") No. 2014-08, Presentation of Financial Statements and Property, Plant and Equipment: Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which requires only disposals representing a strategic shift in operations that have a major effect on operations and financial results to be presented in discontinued operations.   This guidance also requires expanded financial disclosures about discontinued operations and significant disposals that do not qualify as discontinued operations.  This standard is effective for fiscal years and interim reporting periods beginning after December 15, 2014.  The Company is currently assessing the impact of the adoption of this guidance on the consolidated financial statements, but it is not expected to have a significant impact on the Company’s consolidated financial position or results of operations upon implementation in the first quarter of fiscal 2016.
	In May 2014, the FASB and the International Accounting Standards Board ("IASB") issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606).  This guidance substantially converges final standards on revenue recognition between the FASB and IASB providing a framework on addressing revenue recognition issues. Upon the effective date, the ASU replaces almost all existing revenue recognition guidance, including industry specific guidance, in United States Generally Accepted Accounting Principles ("GAAP").  This standard is effective for fiscal years and interim reporting periods beginning after December 15, 2016. The Company is currently assessing the impact that the adoption of this standard will have on its consolidated financial statements and related disclosures upon implementation in the first quarter of fiscal year 2018.

Restricted_Cash_and_ShortTerm_

Restricted Cash and Short-Term Investments	9 Months Ended
	Aug. 03, 2014
Cash and Cash Equivalents [Abstract]	'
Restricted Cash and Short-Term Investments	'
	Restricted Cash and Short-Term Investments
	Restricted cash and short-term investments include amounts related to requirements under certain contracts with managed service program customers for whom the Company manages the customers’ contingent staffing requirements, including processing of associate vendor billings into single, combined customer billings and distribution of payments to associate vendors on behalf of customers, as well as minimum cash deposits required to be maintained as collateral associated with the Company’s Short-Term Credit Facility. Distribution of payments to associate vendors are generally made shortly after receipt of payment from customers, with undistributed amounts included in restricted cash and accounts payable between receipt and distribution of these amounts. Changes in restricted cash collateral for credit facilities is reflected in financing activities while changes in restricted cash under managed service programs is classified as an operating activity, as this cash is directly related to the operations of this business.
	At August 3, 2014 and November 3, 2013, restricted cash and short-term investments included $15.7 million and $15.6 million, respectively, restricted for payment to associate vendors and $25.0 million and $31.8 million, respectively, restricted as collateral under the Short-Term Credit Facility.
	At August 3, 2014 and November 3, 2013, restricted cash and short-term investments included $5.6 million and $6.1 million, respectively, of short-term investments. These short-term investments consisted primarily of the fair value of deferred compensation investments corresponding to employees’ selections, primarily in mutual funds, based on quoted prices in active markets.

Hedging

Hedging	9 Months Ended
	Aug. 03, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Hedging	'
	Hedging
	The Company enters into non-derivative financial instruments to hedge its net investment in certain foreign subsidiaries. During the first nine months of fiscal 2014 and 2013, the Company primarily used short-term foreign currency borrowings to hedge its net investments in certain foreign operations.
	At August 3, 2014 and November 3, 2013, the Company had outstanding $22.3 million of foreign currency denominated short-term borrowings. The Company does not designate and document these instruments as hedges under Accounting Standards Codification ("ASC") 815 “Derivatives and Hedging,” and as a result gains and losses associated with these instruments are included in Foreign Exchange Gain (Loss), net in our Condensed Consolidated Statements of Operations. During the third quarter of fiscal 2014 and 2013, net gains (losses) on these borrowings and instruments of $0.1 million and $0.0 million, respectively, were included in Foreign Exchange Gain (Loss), net in the Condensed Consolidated Statements of Operations. For the nine months ended August 3, 2014 and July 28, 2013, net gains (losses) on these borrowings and instruments of $(0.2) million and $0.4 million, respectively, were included in Foreign Exchange Gain (Loss), net in the Condensed Consolidated Statements of Operations.

Income_Taxes

Income Taxes	9 Months Ended
	Aug. 03, 2014
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	Income Taxes
	The income tax provision (benefit) reflects the geographic mix of earnings in various federal, state and foreign tax jurisdictions and their applicable rates resulting in a composite effective tax rate. Our quarterly provision for income taxes is measured using an estimated annual effective tax rate, adjusted for discrete items that occur within the periods presented. Our future effective tax rates could be affected by earnings being different than anticipated in countries with differing statutory rates, increases in recorded valuation allowances of tax assets, or changes in tax laws.
	The Company adjusts its effective tax rate for each quarter to be consistent with the estimated annual effective tax rate, consistent with ASC 270, “Interim Reporting,” and ASC 740-270, “Income Taxes – Intra Period Tax Allocation.” Jurisdictions with a projected loss for the full year where no tax benefit can be recognized are excluded from the calculation of the estimated annual effective tax rate.
	The provision for income taxes in the third quarter of fiscal 2014 was $0.6 million compared to a benefit of $0.4 million in 2013 and a provision of $4.0 million compared to $0.7 million for the nine months ended August 3, 2014 and July 28, 2013, respectively. The Company’s cumulative results for substantially all United States and certain non-United States jurisdictions for the most recent three-year period is a loss. Accordingly, a valuation allowance has been established for substantially all loss carryforwards and other net deferred tax assets for these jurisdictions, resulting in an effective tax rate that is significantly different than the statutory rate.

Debt

Debt	9 Months Ended
	Aug. 03, 2014
Debt Disclosure [Abstract]	'
Debt	'
	Debt
	The Company had borrowings at August 3, 2014 of $142.3 million under various short-term credit facilities that provided for up to $245.0 million in borrowings and letters of credit, under which it was required to maintain cash collateral of $25.0 million. Available borrowing was $20.7 million under the $200.0 million Short-Term Financing Program and $22.7 million under the $45.0 million Short-Term Credit Facility as of August 3, 2014.
	At August 3, 2014 and November 3, 2013, the Company had outstanding borrowing under the Short-Term Financing Program of $120.0 million and $142.0 million, respectively, which carried weighted average annual interest rates of 1.7% and 1.6% during the third quarter of fiscal 2014 and 2013, respectively, and 1.6% during the first nine months of 2014 and 2013, which is inclusive of certain facility and program fees.
	At August 3, 2014 and November 3, 2013, the Company had drawn $22.3 million under the Short-Term Credit Facility, in various currencies used primarily to hedge the Company’s net investment in certain foreign subsidiaries. During the third quarter of fiscal 2014 and 2013, borrowings carried a weighted average annual interest rate of 1.9% in each period, and 1.9% and 2.0% during the first nine months of 2014 and 2013, respectively, which is inclusive of the facility fee.

Earnings_Loss_Per_Share

Earnings (Loss) Per Share	9 Months Ended
	Aug. 03, 2014
Earnings Per Share [Abstract]	'
Earnings (Loss) Per Share	'
	Earnings (Loss) Per Share
	Basic and diluted net income (loss) per share is calculated as follows (in thousands, except per share amounts):
		Three Months Ended					Nine Months Ended
		August 3, 2014			July 28, 2013		August 3, 2014			July 28, 2013
	Numerator
	Net income (loss)	$	(480	)	$	2,056	$	(21,049	)	$	(32,495	)
	Denominator
	Basic weighted average number of common shares	20,866			20,829		20,859			20,822
	Diluted weighted average number of common shares	20,866			21,019		20,859			20,822
	Net income (loss) per share - basic	$	(0.02	)	$	0.1	$	(1.01	)	$	(1.56	)
	Net income (loss) per share - diluted	$	(0.02	)	$	0.1	$	(1.01	)	$	(1.56	)
	Options to purchase 789,850 and 515,350 shares of the Company’s common stock were outstanding at August 3, 2014 and July 28, 2013, respectively. Additionally, there were 50,001 and 46,667 restricted shares outstanding at August 3, 2014 and July 28, 2013, respectively. The options and restricted shares were not included in the computation of diluted earnings (loss) per share in the three and nine months of fiscal 2014 and the nine months of 2013 because the effect of their inclusion would have been anti-dilutive as a result of the Company’s net loss position in those periods.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Aug. 03, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	Commitments and Contingencies
	(a)	Legal Proceedings
	The Company is involved in various claims and legal actions arising in the ordinary course of business. The Company’s loss contingencies consist primarily of claims and legal actions related to contingent worker employment matters in the Staffing Services segment. These matters are at varying stages of investigation, arbitration or adjudication. The Company has accrued for losses on individual matters that are both probable and reasonably estimable.
	Estimates are based on currently available information and assumptions. Significant judgment is required in both the determination of probability and the determination of whether a matter is reasonably estimable. The Company’s estimates may change and actual expenses could differ in the future as additional information becomes available.
	(b)	Indemnification
	The Company indemnifies its officers, directors and certain employees for certain events or occurrences while the employee, officer or director is, or was, serving at the Company’s request in such capacity, as permitted under New York law.

Segment_Data

Segment Data	9 Months Ended
	Aug. 03, 2014
Segment Reporting [Abstract]	'
Segment Data	'
	Segment Data
	The Company’s operating segments are determined in accordance with the Company’s internal management structure, which is based on operating activities.
	Segment operating income (loss) is comprised of segment net revenues less direct cost of staffing services revenue or cost of other revenue, selling, administrative and other operating costs, amortization of purchased intangible assets and restructuring costs. The Company allocates all operating costs except for the corporate-wide general and administrative costs and restatement, investigations and remediation costs to the segments. These allocations are included in the calculation of each segment’s operating income (loss).
	Financial data concerning the Company’s revenue and segment operating income (loss) by reportable operating segment in the third quarter of fiscal 2014 and 2013 and for the first nine months of fiscal 2014 and 2013 are summarized in the following table:
		Three Months Ended August 3, 2014
	(in thousands)	Total			Staffing Services		Computer Systems			Other
	Revenue
	Staffing service revenue	$	396,979		$	396,979	$	—		$	—
	Other revenue	39,992			—		14,322			25,670
	Net revenue	436,971			396,979		14,322			25,670
	Expenses
	Direct cost of staffing services revenue	338,704			338,704		—			—
	Cost of other revenue	35,890			—		13,572			22,318
	Selling, administrative and other operating costs	58,417			49,667		4,349			4,401
	Amortization of purchased intangible assets	195			26		169			—
	Restructuring costs	117			42		(24		)	99
	Segment operating income (loss)	3,648			8,540		(3,744		)	(1,148		)
	Corporate general and administrative	2,319
	Restatement, investigations and remediation	—
	Operating income	$	1,329
		Three Months Ended July 28, 2013
	(in thousands)	Total			Staffing Services		Computer Systems			Other
	Revenue
	Staffing service revenue	$	455,848		$	455,848	$	—		$	—
	Other revenue	48,365			—		15,500			32,865
	Net revenue	504,213			455,848		15,500			32,865
	Expenses
	Direct cost of staffing services revenue	390,432			390,432		—			—
	Cost of other revenue	37,595			—		14,390			23,205
	Selling, administrative and other operating costs	69,689			58,602		5,792			5,295
	Amortization of purchased intangible assets	337			3		214			120
	Restructuring costs	223			141		82			—
	Segment operating income (loss)	5,937			6,670		(4,978		)	4,245
	Corporate general and administrative	2,439
	Restatement, investigations and remediation	1,159
	Operating income	$	2,339
		Nine Months Ended August 3, 2014
	(in thousands)	Total			Staffing Services		Computer Systems			Other
	Revenue
	Staffing service revenue	$	1,195,981		$	1,195,981	$	—		$	—
	Other revenue	129,623			—		45,247			84,376
	Net revenue	1,325,604			1,195,981		45,247			84,376
	Expenses
	Direct cost of staffing services revenue	1,026,063			1,026,063		—			—
	Cost of other revenue	111,824			—		41,307			70,517
	Selling, administrative and other operating costs	185,142			157,108		14,537			13,497
	Amortization of purchased intangible assets	754			76		598			80
	Restructuring costs	2,076			1,276		599			201
	Segment operating income (loss)	(255		)	11,458		(11,794		)	81
	Corporate general and administrative	7,556
	Restatement, investigations and remediation	5,261
	Operating loss	$	(13,072	)
		Nine Months Ended July 28, 2013
	(in thousands)	Total			Staffing Services		Computer Systems			Other
	Revenue
	Staffing service revenue	$	1,406,939		$	1,406,939	$	—		$	—
	Other revenue	137,203			—		54,478			82,725
	Net revenue	1,544,142			1,406,939		54,478			82,725
	Expenses
	Direct cost of staffing services revenue	1,215,541			1,215,541		—			—
	Cost of other revenue	117,221			—		48,947			68,274
	Selling, administrative and other operating costs	210,348			178,603		17,345			14,400
	Amortization of purchased intangible assets	1,028			27		643			358
Restructuring costs	1,911			559		1,352			—
Segment operating income (loss)	(1,907		)	12,209		(13,809		)	(307		)
Corporate general and administrative	7,109
Restatement, investigations and remediation	22,366
Operating loss	$	(31,382	)

Basis_of_Presentation_Policies

Basis of Presentation (Policies)	9 Months Ended
	Aug. 03, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Basis of Presentation	'
	Basis of Presentation
	The accompanying interim condensed consolidated financial statements of Volt Information Sciences, Inc. ("Volt" or the "Company") have been prepared in conformity with generally accepted accounting principles, consistent in all material respects with those applied in the Annual Report on Form 10-K for the year ended November 3, 2013. The Company makes estimates and assumptions that affect the amounts reported. Actual results could differ from those estimates and changes in estimates are reflected in the period in which they become known. Accounting for certain expenses, including income taxes, are based on full year assumptions, and the financial statements reflect all normal adjustments that, in the opinion of management, are necessary for fair presentation of the interim periods presented. The interim information is unaudited and is prepared pursuant to the rules and regulations of the United States Securities and Exchange Commission (the "SEC"), which provides for omission of certain information and footnote disclosures. This interim financial information should be read in conjunction with the consolidated financial statements in the Company's Annual Report on Form 10-K for the year ended November 3, 2013.
	The Company’s fiscal year ends on the Sunday nearest October 31st. The 2014 fiscal year consists of 52 weeks while the 2013 fiscal year consisted of 53 weeks. The three and nine month periods in fiscal 2014 and 2013 each consisted of 13 weeks and 39 weeks, respectively.
	Restatement, investigations and remediation costs are discussed further in our Form 10-K for the fiscal year ended November 3, 2013, and are comprised of financial and legal consulting, audit and related costs of the restatement, related investigations, and completion of delayed filings required under SEC regulations.
New Accounting Standards Not Yet Adopted by the Company	'
	New Accounting Standards Not Yet Adopted by the Company
	In April 2014, the FASB issued Accounting Standards Update ("ASU") No. 2014-08, Presentation of Financial Statements and Property, Plant and Equipment: Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which requires only disposals representing a strategic shift in operations that have a major effect on operations and financial results to be presented in discontinued operations.   This guidance also requires expanded financial disclosures about discontinued operations and significant disposals that do not qualify as discontinued operations.  This standard is effective for fiscal years and interim reporting periods beginning after December 15, 2014.  The Company is currently assessing the impact of the adoption of this guidance on the consolidated financial statements, but it is not expected to have a significant impact on the Company’s consolidated financial position or results of operations upon implementation in the first quarter of fiscal 2016.
	In May 2014, the FASB and the International Accounting Standards Board ("IASB") issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606).  This guidance substantially converges final standards on revenue recognition between the FASB and IASB providing a framework on addressing revenue recognition issues. Upon the effective date, the ASU replaces almost all existing revenue recognition guidance, including industry specific guidance, in United States Generally Accepted Accounting Principles ("GAAP").  This standard is effective for fiscal years and interim reporting periods beginning after December 15, 2016. The Company is currently assessing the impact that the adoption of this standard will have on its consolidated financial statements and related disclosures upon implementation in the first quarter of fiscal year 2018.

Earnings_Loss_Per_Share_Tables

Earnings (Loss) Per Share (Tables)	9 Months Ended
	Aug. 03, 2014
Earnings Per Share [Abstract]	'
Summary of Basic and Diluted Net Loss Per Share	'
	Basic and diluted net income (loss) per share is calculated as follows (in thousands, except per share amounts):
		Three Months Ended					Nine Months Ended
		August 3, 2014			July 28, 2013		August 3, 2014			July 28, 2013
	Numerator
	Net income (loss)	$	(480	)	$	2,056	$	(21,049	)	$	(32,495	)
	Denominator
	Basic weighted average number of common shares	20,866			20,829		20,859			20,822
	Diluted weighted average number of common shares	20,866			21,019		20,859			20,822
	Net income (loss) per share - basic	$	(0.02	)	$	0.1	$	(1.01	)	$	(1.56	)
	Net income (loss) per share - diluted	$	(0.02	)	$	0.1	$	(1.01	)	$	(1.56	)

Segment_Data_Tables

Segment Data (Tables)	9 Months Ended
	Aug. 03, 2014
Segment Reporting [Abstract]	'
Summary of Sales and Segment Operating Income (Loss) by Reportable Operating Segment	'
	Financial data concerning the Company’s revenue and segment operating income (loss) by reportable operating segment in the third quarter of fiscal 2014 and 2013 and for the first nine months of fiscal 2014 and 2013 are summarized in the following table:
		Three Months Ended August 3, 2014
	(in thousands)	Total			Staffing Services		Computer Systems			Other
	Revenue
	Staffing service revenue	$	396,979		$	396,979	$	—		$	—
	Other revenue	39,992			—		14,322			25,670
	Net revenue	436,971			396,979		14,322			25,670
	Expenses
	Direct cost of staffing services revenue	338,704			338,704		—			—
	Cost of other revenue	35,890			—		13,572			22,318
	Selling, administrative and other operating costs	58,417			49,667		4,349			4,401
	Amortization of purchased intangible assets	195			26		169			—
	Restructuring costs	117			42		(24		)	99
	Segment operating income (loss)	3,648			8,540		(3,744		)	(1,148		)
	Corporate general and administrative	2,319
	Restatement, investigations and remediation	—
	Operating income	$	1,329
		Three Months Ended July 28, 2013
	(in thousands)	Total			Staffing Services		Computer Systems			Other
	Revenue
	Staffing service revenue	$	455,848		$	455,848	$	—		$	—
	Other revenue	48,365			—		15,500			32,865
	Net revenue	504,213			455,848		15,500			32,865
	Expenses
	Direct cost of staffing services revenue	390,432			390,432		—			—
	Cost of other revenue	37,595			—		14,390			23,205
	Selling, administrative and other operating costs	69,689			58,602		5,792			5,295
	Amortization of purchased intangible assets	337			3		214			120
	Restructuring costs	223			141		82			—
	Segment operating income (loss)	5,937			6,670		(4,978		)	4,245
	Corporate general and administrative	2,439
	Restatement, investigations and remediation	1,159
	Operating income	$	2,339
		Nine Months Ended August 3, 2014
	(in thousands)	Total			Staffing Services		Computer Systems			Other
	Revenue
	Staffing service revenue	$	1,195,981		$	1,195,981	$	—		$	—
	Other revenue	129,623			—		45,247			84,376
	Net revenue	1,325,604			1,195,981		45,247			84,376
	Expenses
	Direct cost of staffing services revenue	1,026,063			1,026,063		—			—
	Cost of other revenue	111,824			—		41,307			70,517
	Selling, administrative and other operating costs	185,142			157,108		14,537			13,497
	Amortization of purchased intangible assets	754			76		598			80
	Restructuring costs	2,076			1,276		599			201
	Segment operating income (loss)	(255		)	11,458		(11,794		)	81
	Corporate general and administrative	7,556
	Restatement, investigations and remediation	5,261
	Operating loss	$	(13,072	)
		Nine Months Ended July 28, 2013
	(in thousands)	Total			Staffing Services		Computer Systems			Other
	Revenue
	Staffing service revenue	$	1,406,939		$	1,406,939	$	—		$	—
	Other revenue	137,203			—		54,478			82,725
	Net revenue	1,544,142			1,406,939		54,478			82,725
	Expenses
	Direct cost of staffing services revenue	1,215,541			1,215,541		—			—
	Cost of other revenue	117,221			—		48,947			68,274
	Selling, administrative and other operating costs	210,348			178,603		17,345			14,400
	Amortization of purchased intangible assets	1,028			27		643			358
	Restructuring costs	1,911			559		1,352			—
	Segment operating income (loss)	(1,907		)	12,209		(13,809		)	(307		)
	Corporate general and administrative	7,109
Restatement, investigations and remediation	22,366
Operating loss	$	(31,382	)

Basis_of_Presentation_Details

Basis of Presentation (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Aug. 03, 2014	Jul. 28, 2013	Aug. 03, 2014	Jul. 28, 2013	Nov. 03, 2013	Nov. 02, 2014
						Forecast
New Accounting Pronouncements or Change in Accounting Principle [Line Items]	'	'	'	'	'	'
Length of financial reporting period	'91 days	'91 days	'273 days	'273 days	'371 days	'364 days

Restricted_Cash_and_ShortTerm_1

Restricted Cash and Short-Term Investments - Additional Information (Detail) (USD $)	Aug. 03, 2014	Nov. 03, 2013
In Millions, unless otherwise specified
Short-Term Credit Facility [Member]	'	'
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Restricted as collateral	$25	'
Restricted cash and short-term investments [Member]	'	'
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Restricted cash	15.7	15.6
Short-term investments	5.6	6.1
Restricted cash and short-term investments [Member] | Short-Term Credit Facility [Member]	'	'
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Restricted as collateral	$25	$31.80

Hedging_Additional_Information

Hedging - Additional Information (Detail) (Foreign Exchange Gain (Loss) [Member], Not Designated as Hedging Instrument [Member], USD $)	Aug. 03, 2014	Nov. 03, 2013	Aug. 03, 2014	Jul. 28, 2013	Aug. 03, 2014	Jul. 28, 2013
In Millions, unless otherwise specified			Foreign Exchange Contract [Member]	Foreign Exchange Contract [Member]	Foreign Exchange Contract [Member]	Foreign Exchange Contract [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]	'	'	'	'	'	'
Outstanding short-term borrowings	$22.30	$22.30	'	'	'	'
Net gains/ (losses) on borrowings and instruments	'	'	($0.10)	$0	($0.20)	$0.40

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Aug. 03, 2014	Jul. 28, 2013	Aug. 03, 2014	Jul. 28, 2013
Income Tax Disclosure [Abstract]	'	'	'	'
Income tax provision	$590	($444)	$4,017	$715

Debt_Additional_Information_De

Debt - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended
	Aug. 03, 2014	Jul. 28, 2013	Aug. 03, 2014	Jul. 28, 2013	Nov. 03, 2013
Extinguishment of Debt [Line Items]	'	'	'	'	'
Amount outstanding	$142,300,000	'	$142,300,000	'	'
Borrowing capacity of facility	245,000,000	'	245,000,000	'	'
Short-Term Financing Program [Member]	'	'	'	'	'
Extinguishment of Debt [Line Items]	'	'	'	'	'
Amount outstanding	120,000,000	'	120,000,000	'	142,000,000
Borrowing capacity of facility	200,000,000	'	200,000,000	'	'
Available borrowing capacity of facility	20,700,000	'	20,700,000	'	'
Weighted average interest rate during period	1.70%	1.60%	1.60%	1.60%	'
Short-Term Credit Facility [Member]	'	'	'	'	'
Extinguishment of Debt [Line Items]	'	'	'	'	'
Borrowing capacity of facility	45,000,000	'	45,000,000	'	'
Cash collateral of outstanding short-term borrowings	25,000,000	'	25,000,000	'	'
Available borrowing capacity of facility	22,700,000	'	22,700,000	'	'
Weighted average interest rate during period	1.90%	1.90%	1.90%	2.00%	'
Line of Credit [Member]	'	'	'	'	'
Extinguishment of Debt [Line Items]	'	'	'	'	'
Amount outstanding	$22,300,000	'	$22,300,000	'	'

Earnings_Loss_Per_Share_Summar

Earnings (Loss) Per Share - Summary of Basic and Diluted Net Income (Loss) Per Share (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Aug. 03, 2014	Jul. 28, 2013	Aug. 03, 2014	Jul. 28, 2013
Numerator	'	'	'	'
Net income (loss)	($480)	$2,056	($21,049)	($32,495)
Denominator	'	'	'	'
Basic weighted average number of common shares (shares)	20,866	20,829	20,859	20,822
Dilutive weighted average number of common shares (shares)	20,866	21,019	20,859	20,822
Net income (loss) per share (in dollars per share)	($0.02)	$0.10	($1.01)	($1.56)
Net income (loss) per share (in dollars per share)	($0.02)	$0.10	($1.01)	($1.56)

Earnings_Loss_Per_Share_Additi

Earnings (Loss) Per Share - Additional Information (Detail)	Aug. 03, 2014	Jul. 28, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Options to purchase common stock outstanding	789,850	515,350
Restricted Stock Units [Member]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Restricted shares outstanding	50,001	46,667

Segment_Data_Summary_of_Sales_

Segment Data - Summary of Sales and Segment Operating Income (Loss) by Reportable Operating Segment (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Aug. 03, 2014	Jul. 28, 2013	Aug. 03, 2014	Jul. 28, 2013
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]	'	'	'	'
Staffing service revenue	$396,979	$455,848	$1,195,981	$1,406,939
Other revenue	39,992	48,365	129,623	137,203
Net revenue	436,971	504,213	1,325,604	1,544,142
Expenses	'	'	'	'
Direct cost of staffing services revenue	338,704	390,432	1,026,063	1,215,541
Cost of other revenue	35,890	37,595	111,824	117,221
Selling, administrative and other operating costs	60,736	72,128	192,378	217,457
Amortization of purchased intangible assets	195	337	754	1,028
Restructuring costs	117	223	2,396	1,911
Restatement, investigations and remediation	0	1,159	5,261	22,366
Operating income (loss)	1,329	2,339	-13,072	-31,382
Operating Segments [Member]	'	'	'	'
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]	'	'	'	'
Staffing service revenue	396,979	455,848	1,195,981	1,406,939
Other revenue	39,992	48,365	129,623	137,203
Net revenue	436,971	504,213	1,325,604	1,544,142
Expenses	'	'	'	'
Direct cost of staffing services revenue	338,704	390,432	1,026,063	1,215,541
Cost of other revenue	35,890	37,595	111,824	117,221
Selling, administrative and other operating costs	58,417	69,689	185,142	210,348
Amortization of purchased intangible assets	195	337	754	1,028
Restructuring costs	117	223	2,076	1,911
Segment operating income (loss)	3,648	5,937	-255	-1,907
Operating Segments [Member] | Staffing Services [Member]	'	'	'	'
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]	'	'	'	'
Staffing service revenue	396,979	455,848	1,195,981	1,406,939
Other revenue	0	0	0	0
Net revenue	396,979	455,848	1,195,981	1,406,939
Expenses	'	'	'	'
Direct cost of staffing services revenue	338,704	390,432	1,026,063	1,215,541
Cost of other revenue	0	0	0	0
Selling, administrative and other operating costs	49,667	58,602	157,108	178,603
Amortization of purchased intangible assets	26	3	76	27
Restructuring costs	42	141	1,276	559
Segment operating income (loss)	8,540	6,670	11,458	12,209
Operating Segments [Member] | Computer Systems [Member]	'	'	'	'
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]	'	'	'	'
Staffing service revenue	0	0	0	0
Other revenue	14,322	15,500	45,247	54,478
Net revenue	14,322	15,500	45,247	54,478
Expenses	'	'	'	'
Direct cost of staffing services revenue	0	0	0	0
Cost of other revenue	13,572	14,390	41,307	48,947
Selling, administrative and other operating costs	4,349	5,792	14,537	17,345
Amortization of purchased intangible assets	169	214	598	643
Restructuring costs	-24	82	599	1,352
Segment operating income (loss)	-3,744	-4,978	-11,794	-13,809
Operating Segments [Member] | Other [Member]	'	'	'	'
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]	'	'	'	'
Staffing service revenue	0	0	0	0
Other revenue	25,670	32,865	84,376	82,725
Net revenue	25,670	32,865	84,376	82,725
Expenses	'	'	'	'
Direct cost of staffing services revenue	0	0	0	0
Cost of other revenue	22,318	23,205	70,517	68,274
Selling, administrative and other operating costs	4,401	5,295	13,497	14,400
Amortization of purchased intangible assets	0	120	80	358
Restructuring costs	99	0	201	0
Segment operating income (loss)	-1,148	4,245	81	-307
Corporate, Non-Segment [Member]	'	'	'	'
Expenses	'	'	'	'
Selling, administrative and other operating costs	2,319	2,439	7,556	7,109
Segment Reconciling Items [Member]	'	'	'	'
Expenses	'	'	'	'
Restatement, investigations and remediation	$0	$1,159	$5,261	$22,366