Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Mar. 14, 2014 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'Delta Tucker Holdings, Inc. | ' |
Entity Central Index Key | '0001514226 | ' |
Document Type | '10-K | ' |
Document Period End Date | 31-Dec-13 | ' |
Amendment Flag | 'false | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'FY | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Non-accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 100 |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Entity Public Float | $0 | ' |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Income Statement [Abstract] | ' | ' | ' |
Revenue | $3,287,184 | $4,044,275 | $3,719,152 |
Cost of services | -2,987,253 | -3,698,932 | -3,408,842 |
Selling, general and administrative expenses | -149,925 | -149,362 | -149,551 |
Depreciation and amortization expense | -48,628 | -50,260 | -50,773 |
Earnings from equity method investees | 4,570 | 825 | 12,800 |
Impairment of equity method investment | 0 | 0 | -76,647 |
Impairment of goodwill, intangibles and long lived assets | -312,728 | -50,663 | -33,768 |
Operating (loss) income | -206,780 | 95,883 | 12,371 |
Interest expense | -78,826 | -86,272 | -91,752 |
Loss on early extinguishment of debt | -703 | -2,094 | -7,267 |
Interest income | 157 | 117 | 205 |
Other (loss) income, net | -810 | 4,672 | 6,071 |
(Loss) income before income taxes | -286,962 | 12,306 | -80,372 |
Benefit (provision) for income taxes | 37,461 | -15,598 | 20,941 |
Net loss | -249,501 | -3,292 | -59,431 |
Noncontrolling interests | -4,235 | -5,645 | -2,625 |
Net loss attributable to Delta Tucker Holdings, Inc. | ($253,736) | ($8,937) | ($62,056) |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Loss (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' |
Net loss | ($249,501) | ($3,292) | ($59,431) |
Other comprehensive (loss), net of tax: | ' | ' | ' |
Foreign currency translation adjustment | -437 | 225 | -312 |
Other comprehensive (loss) income , before tax | -437 | 225 | -312 |
Income tax (expense) benefit related to items of other comprehensive income | 157 | -83 | 111 |
Other comprehensive (loss) income | -280 | 142 | -201 |
Comprehensive loss | -249,781 | -3,150 | -59,632 |
Comprehensive income (loss) attributable to noncontrolling interests | -4,235 | -5,645 | -2,625 |
Comprehensive loss attributable to Delta Tucker Holdings, Inc. | ($254,016) | ($8,795) | ($62,257) |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash and cash equivalents | $170,845 | $118,775 |
Restricted cash | 1,659 | 1,659 |
Accounts receivable, net of allowances of $1,621 and $1,481, respectively | 577,136 | 780,613 |
Prepaid expenses and other current assets | 124,510 | 79,223 |
Total current assets | 874,150 | 980,270 |
Property and equipment, net | 24,120 | 26,207 |
Goodwill | 293,767 | 604,052 |
Tradenames, net | 43,464 | 43,643 |
Other intangibles, net | 225,239 | 266,534 |
Other assets, net | 39,181 | 50,010 |
Total assets | 1,499,921 | 1,970,716 |
Current liabilities: | ' | ' |
Current portion of long-term debt | 0 | 637 |
Accounts payable | 193,146 | 287,350 |
Accrued payroll and employee costs | 114,334 | 127,811 |
Deferred income taxes | 30,965 | 59,032 |
Accrued liabilities | 200,533 | 202,463 |
Income taxes payable | 14,020 | 4,071 |
Total current liabilities | 552,998 | 681,364 |
Long-term debt, less current portion | 732,272 | 782,272 |
Long-term deferred taxes | 17,359 | 50,303 |
Other long-term liabilities | 7,632 | 11,023 |
Total liabilities | 1,310,261 | 1,524,962 |
EQUITY | ' | ' |
Common stock,$0.01 par value – 1,000 shares authorized and 100 shares issued and outstanding at December 31, 2013 and December 31, 2012, respectively. | 0 | 0 |
Additional paid-in capital | 549,581 | 549,322 |
Accumulated deficit | -365,599 | -111,863 |
Accumulated other comprehensive (loss) income | -197 | 83 |
Total equity attributable to Delta Tucker Holdings, Inc. | 183,785 | 437,542 |
Noncontrolling interests | 5,875 | 8,212 |
Total equity | 189,660 | 445,754 |
Total liabilities and equity | $1,499,921 | $1,970,716 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Statement of Financial Position [Abstract] | ' | ' |
Accounts receivable, allowances | $1,621 | $1,481 |
Common stock, par value | $0.01 | $0.01 |
Common stock, shares authorized | 1,000 | 1,000 |
Common stock, shares issued | 100 | 100 |
Common stock, shares outstanding | 100 | 100 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Cash flows from operating activities | ' | ' | ' |
Net loss | ($249,501) | ($3,292) | ($59,431) |
Adjustments to reconcile net loss to net cash provided by operating activities: | ' | ' | ' |
Depreciation and amortization | 50,279 | 51,814 | 52,494 |
Amortization of deferred loan costs | 6,827 | 7,698 | 8,383 |
Allowance for losses on accounts receivable | 465 | -112 | 2,125 |
Loss on early extinguishment of debt, net | 703 | 2,094 | 7,267 |
Loss on impairment of equity method investment | 0 | 0 | 76,647 |
Loss on impairment of goodwill, intangibles and long-lived assets | 312,728 | 50,663 | 33,768 |
Earnings from equity method investees | -3,737 | -4,767 | -17,367 |
Distributions from equity method investees | 7,569 | 3,438 | 17,040 |
Deferred income taxes | -61,538 | 8,611 | -26,398 |
Stock based compensation | 490 | 0 | 0 |
Other | -368 | -4,583 | 1,854 |
Changes in assets and liabilities: | ' | ' | ' |
Restricted cash | 0 | 9,114 | -1,431 |
Accounts receivable | 203,012 | -26,143 | 27,214 |
Prepaid expenses and other current assets | -41,656 | 2,826 | -9,380 |
Accounts payable and accrued liabilities | -91,328 | 40,201 | 3,746 |
Income taxes payable | 3,557 | 6,628 | 51,455 |
Net cash provided by operating activities | 137,502 | 144,190 | 167,986 |
Cash flows from investing activities | ' | ' | ' |
Purchase of property and equipment, net | -7,628 | -5,528 | -2,186 |
Proceeds from sale of property, plant, and equipment | 182 | 25 | 45 |
Heliworks acquisition, net of cash acquired | 0 | -11,746 | 0 |
Purchase of software | -2,718 | -2,590 | -2,701 |
Return of capital from equity method investees | 2,223 | 9,154 | 9,147 |
Contributions to equity method investees | -30 | -1,478 | -7,308 |
Net cash used in investing activities | -7,971 | -12,163 | -3,003 |
Cash flows from financing activities | ' | ' | ' |
Borrowings on long-term debt | 745,900 | 325,000 | 366,700 |
Payments on long-term debt | -796,537 | -415,000 | -518,003 |
Payments of deferred financing cost | -2,139 | 0 | -3,282 |
Borrowings under other financing arrangements | 9,431 | 62,580 | 44,819 |
Payments under other financing arrangements | -29,734 | -53,918 | -36,904 |
Capital contribution from noncontrolling interests | 0 | 0 | 500 |
Payment of dividends to noncontrolling interests | -4,382 | -2,119 | -1,145 |
Net cash used in financing activities | -77,461 | -83,457 | -147,315 |
Net increase in cash and cash equivalents | 52,070 | 48,570 | 17,668 |
Cash and cash equivalents, beginning of period | 118,775 | 70,205 | 52,537 |
Cash and cash equivalents, end of period | 170,845 | 118,775 | 70,205 |
Income taxes (paid) received, net of receipts or payments | -13,874 | -1,316 | 44,773 |
Interest paid | ($71,875) | ($75,196) | ($82,198) |
Consolidated_Statements_of_Equ
Consolidated Statements of Equity (USD $) | Total | Total Equity Attributable to Delta Tucker Holdings, Inc. | Common Stock | Additional Paid-in Capital | Accumulated Deficit | Accumulated Other Comprehensive Income | Noncontrolling Interests |
In Thousands, except Share data, unless otherwise specified | |||||||
Balance at Dec. 31, 2010 | $514,109 | $509,758 | $0 | $550,492 | ($40,876) | $142 | $4,351 |
Balance, Shares at Dec. 31, 2010 | ' | ' | 0 | ' | ' | ' | ' |
Comprehensive income: | ' | ' | ' | ' | ' | ' | ' |
Comprehensive (loss) income attributable to Delta Tucker Holdings, Inc. | -62,257 | -62,257 | ' | ' | -62,056 | -201 | ' |
Comprehensive income (loss) attributable to noncontrolling interests | -2,625 | ' | ' | ' | ' | ' | -2,625 |
Comprehensive loss attributable to Delta Tucker Holdings, Inc. | -59,632 | ' | ' | ' | ' | ' | ' |
Issuance of shares to non-controlling interest | 500 | ' | ' | ' | ' | ' | 500 |
DIFZ financing, net of tax | 465 | 465 | ' | 459 | 6 | ' | ' |
Dividends declared to noncontrolling interests | 2,290 | ' | ' | ' | ' | ' | 2,290 |
Balance at Dec. 30, 2011 | 453,152 | 447,966 | 0 | 550,951 | -102,926 | -59 | 5,186 |
Balance, Shares at Dec. 30, 2011 | ' | ' | 0 | ' | ' | ' | ' |
Comprehensive income: | ' | ' | ' | ' | ' | ' | ' |
Comprehensive (loss) income attributable to Delta Tucker Holdings, Inc. | -8,795 | -8,795 | ' | ' | -8,937 | 142 | ' |
Comprehensive income (loss) attributable to noncontrolling interests | -5,645 | ' | ' | ' | ' | ' | -5,645 |
Comprehensive loss attributable to Delta Tucker Holdings, Inc. | -3,150 | ' | ' | ' | ' | ' | ' |
Distribution to affiliates of Parent | -1,302 | -1,998 | ' | -1,998 | ' | ' | 696 |
DIFZ financing, net of tax | 369 | 369 | ' | 369 | ' | ' | ' |
Dividends declared to noncontrolling interests | 3,315 | ' | ' | ' | ' | ' | 3,315 |
Balance at Dec. 31, 2012 | 445,754 | 437,542 | 0 | 549,322 | -111,863 | 83 | 8,212 |
Balance, Shares at Dec. 31, 2012 | 100 | ' | 0 | ' | ' | ' | ' |
Comprehensive income: | ' | ' | ' | ' | ' | ' | ' |
Comprehensive (loss) income attributable to Delta Tucker Holdings, Inc. | -254,016 | ' | ' | ' | ' | ' | ' |
Comprehensive income (loss) attributable to noncontrolling interests | -4,235 | ' | ' | ' | ' | ' | ' |
Comprehensive loss attributable to Delta Tucker Holdings, Inc. | -249,781 | -254,016 | ' | ' | -253,736 | -280 | 4,235 |
Stock compensation | 490 | 490 | ' | 490 | ' | ' | ' |
DIFZ financing, net of tax | -231 | -231 | ' | -231 | ' | ' | ' |
Dividends declared to noncontrolling interests | -6,572 | ' | ' | ' | ' | ' | -6,572 |
Balance at Dec. 31, 2013 | $189,660 | $183,785 | $0 | $549,581 | ($365,599) | ($197) | $5,875 |
Balance, Shares at Dec. 31, 2013 | 100 | ' | 0 | ' | ' | ' | ' |
Significant_Accounting_Policie
Significant Accounting Policies and Accounting Developments | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Accounting Policies [Abstract] | ' | |||||||||||
Significant Accounting Policies and Accounting Developments | ' | |||||||||||
Significant Accounting Policies and Accounting Developments | ||||||||||||
Unless the context otherwise indicates, references herein to "we," "our," "us," or "the Company" refer to Delta Tucker Holdings, Inc. and our consolidated subsidiaries. The Company was incorporated in the state of Delaware on April 1, 2010. On July 7, 2010, DynCorp International Inc. ("DynCorp International"), completed a merger with Delta Tucker Sub, Inc., a wholly owned subsidiary of the Company. Pursuant to the Agreement and Plan of Merger dated as of April 11, 2010, Delta Tucker Sub, Inc. merged with and into DynCorp International, with DynCorp International becoming the surviving corporation and a wholly-owned subsidiary of the Company (the "Merger"). Holders of DynCorp International’s stock received $17.55 in cash for each outstanding share and since Cerberus indirectly owns all of our outstanding equity, DynCorp International’s stock is no longer publicly traded as of the Merger. | ||||||||||||
These consolidated financial statements have been prepared, pursuant to accounting principles generally accepted in the United States of America ("GAAP"). | ||||||||||||
Fiscal Year | ||||||||||||
On January 24, 2013, the Company's Board of Directors approved a change of the Company's fiscal year end from a 52-53 week basis ending on the Friday closest to December 31 to a basis where each quarterly period ends on the last Friday of the calendar quarter, except for the last quarterly period of the fiscal year, which ends on December 31. The change of fiscal year end was effective beginning with the fiscal year ended December 31, 2012. These financial statements reflect our financial results for the calendar years ended December 31, 2013, December 31, 2012 and December 30, 2011. | ||||||||||||
Principles of Consolidation | ||||||||||||
The consolidated financial statements include the accounts of both our domestic and foreign subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. The Company has investments in joint ventures that are variable interest entities ("VIEs"). The VIE investments are accounted for in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 810 — Consolidation. In cases where the Company has (i) the power to direct the activities of the VIE that most significantly impact its economic performance and (ii) the obligation to absorb losses of the VIE that could potentially be significant or the right to receive benefits from the entity that could potentially be significant to the VIE, the Company consolidates the entity. Alternatively, in cases where all of the aforementioned criteria are not met, the investment is accounted for under the equity method. | ||||||||||||
The Company classifies its equity method investees in two distinct groups based on management’s day-to-day involvement in the operations of each entity and the nature of each joint venture’s business. If the joint venture is deemed to be an extension of one of our segments and operationally integral to the business, our share of the joint venture’s earnings is reported within operating income in Earnings from equity method investees in the consolidated statement of operations. If the Company considers our involvement less significant, the share of the joint venture’s net earnings is reported in Other income, net in the consolidated statement of operations. | ||||||||||||
Economic rights in active joint ventures that are operationally integral are indicated by the ownership percentages in the table listed below. | ||||||||||||
Partnership for Temporary Housing LLC ("PaTH") | 30 | % | ||||||||||
Contingency Response Services LLC ("CRS") | 45 | % | ||||||||||
Global Response Services LLC ("GRS") | 51 | % | ||||||||||
Global Linguist Solutions LLC ("GLS") | 51 | % | ||||||||||
Economic rights in an active joint venture that the Company does not consider operationally integral are indicated by the ownership percentage in the table listed below. | ||||||||||||
Babcock DynCorp Limited ("Babcock") | 44 | % | ||||||||||
Noncontrolling Interests | ||||||||||||
We record the impact of our partners' interests in less than wholly owned consolidated joint ventures as noncontrolling interests. Currently, DynCorp International FZ-LLC ("DIFZ") is our only consolidated joint venture for which we do not own 100% of the entity. In March 2012, we entered into a non-cash dividend distribution transaction with Cerberus Series Four Holdings, LLC and Cerberus Partners II, L.P., in which we distributed half of our 50% ownership in DIFZ. We now hold 25% ownership interest in DIFZ. We continue to consolidate DIFZ as we still exercise power over activities that significantly impact DIFZ’s economic performance and have the obligation to absorb losses or receive benefits of DIFZ that could potentially be significant to DIFZ. Noncontrolling interests is presented on the face of the consolidated statements of operations as an increase or reduction in arriving at "Net (loss) income attributable to Delta Tucker Holdings, Inc." Noncontrolling interests is located in the equity section on the consolidated balance sheets. See Note 13 for further information regarding DIFZ. | ||||||||||||
Revenue Recognition and Cost Estimation on Long-Term Contracts | ||||||||||||
General - We are predominantly a services provider and only include products or systems when necessary for the execution of the service arrangement. As such, systems, equipment or materials are not generally separable from the services we provide. Revenue is recognized when persuasive evidence of an arrangement exists, services or products have been provided to the customer, the sales price is fixed or determinable (for non-U.S. government contracts) or costs are identifiable, determinable, reasonable and allowable (for our U.S. government contracts), and collectability is reasonably assured (for non-U.S. government contracts) or a reasonable contractual basis for recovery exists (for U.S. government contracts). Our contracts typically fall into the following four categories with the first representing substantially all of our revenue: (i) federal government contracts, (ii) construction-type contracts, (iii) software contracts and (iv) other contracts. We apply the appropriate guidance consistently to all contracts. | ||||||||||||
Major factors we consider in determining total estimated revenue and cost include the base contract price, contract options, change orders (modifications of the original contract), back charges and claims, and contract provisions for penalties, award fees and performance incentives. All of these factors and other special contract provisions are evaluated throughout the life of our contracts when estimating total contract revenue under the percentage-of-completion or proportional methods of accounting. We inherently have risks related to our estimates with long-term contracts. Actual amounts could materially differ from these estimates. We believe the following are the risk associated with our estimation process: (i) assumptions are uncertain and inherently judgmental at the time of the estimate; (ii) use of reasonably different assumptions could have changed our estimates, particularly with respect to estimates of contract revenues, costs and recoverability of assets, and (iii) changes in estimates could have material effects on our financial condition or results of operations. The impact of any one of these factors could contribute to a material cumulative adjustment. | ||||||||||||
Some of our contracts with the U.S. government contain award or incentive fees. We recognize award or incentive fee revenue when we can make reasonably determinable estimates of award or incentive fees to consider them in determining total estimated contract revenue. We do not consider the mere existence of potential award or incentive fees as presumptive evidence that award or incentive fees are to be included in determining total estimated revenue. In some cases, we may not be able to accurately predict whether performance targets will be met, and as such, we exclude the award or incentive fees from the determination of total revenue in such instances. Our accrual of award or incentive fees may require adjustments from time to time. | ||||||||||||
We expense pre-contract costs as incurred for an anticipated contract until the contract is awarded. Throughout the life of the contract, indirect costs, including general and administrative costs, are expensed as incurred. Management regularly reviews project profitability and underlying estimates, including total cost to complete a project. For each project, estimates for total project costs are based on such factors as a project's contractual requirements and management's assessment of current and future pricing, economic conditions, political conditions and site conditions. Estimates can be impacted by such factors as additional requirements from our customers, a change in labor markets impacting the availability or cost of a skilled workforce, regulatory changes both domestically and internationally, political unrest or security issues at project locations. Revisions to estimates are reflected in our consolidated results of operations as changes in accounting estimates in the periods in which the facts that give rise to the revisions become known by management. We believe long-term contracts, contracts in a loss position and contracts with material award fees drive the significant changes in estimates in our contracts. | ||||||||||||
The following table presents the aggregate gross favorable and unfavorable adjustments to income before taxes resulting from changes in estimates, including the exercise of additional option years, for the years ended December 31, 2013, December 31, 2012 and December 30, 2011. | ||||||||||||
For the years ended | ||||||||||||
31-Dec-13 | 31-Dec-12 | 30-Dec-11 | ||||||||||
(Amounts in millions) | ||||||||||||
Gross favorable adjustments | $ | 45.8 | $ | 29.3 | $ | 16 | ||||||
Gross unfavorable adjustments | (20.7 | ) | (9.7 | ) | (4.4 | ) | ||||||
Net adjustments | $ | 25.1 | $ | 19.6 | $ | 11.6 | ||||||
Federal Government Contracts — For all non-construction and non-software U.S. federal government contracts or contract elements, we apply the guidance in ASC 912 - Contractors - Federal Government. We apply the combination and segmentation guidance in ASC 605-35 Revenue - Construction-Type and Production-Type Contracts under the guidance of ASC 912 in analyzing the deliverables contained in the applicable contract to determine appropriate profit centers. Revenue is recognized by profit center using the percentage-of-completion method or completed-contract method. The completed-contract method is used when reliable estimates cannot be supported for percentage-of-completion method recognition or for short duration projects when the results of operations would not vary materially from those resulting from use of the percentage-of-completion method. Until complete, project costs may be maintained in work-in-progress, a component of inventory. | ||||||||||||
Revenue is recognized based on progress towards completion over the contract period, measured by either output or input methods appropriate to the services or products provided. For example, "output measures" can include units delivered or produced, such as aircraft for which modification has been completed. "Input measures" can include a cost-to-cost method, such as for procurement-related services. | ||||||||||||
Construction Contracts or Contract Elements — For all construction-type contracts or contract elements, revenue is recognized by profit center using the percentage-of-completion method. | ||||||||||||
Software Contracts or Contract Elements — It is our policy to review any arrangement containing software or software deliverables using applicable GAAP for software revenue recognition. We have not historically sold software on a separate, standalone basis. As a result, software arrangements are typically accounted for as one unit of accounting and are recognized over the service period, including the period of post-contract customer support. We did not enter into any new software contracts or contracts with software elements during the years ended December 31, 2013 or December 31, 2012 or December 30, 2011. | ||||||||||||
Other Contracts or Contract Elements — Our contracts with non-federal government customers are predominantly service arrangements. Multiple-element arrangements involve multiple obligations in various combinations to perform services, deliver equipment or materials, grant licenses or other rights, or take certain actions. We evaluate all deliverables in an arrangement to determine whether they represent separate units of accounting. Arrangement consideration is allocated among the separate units of accounting based on the guidance applicable for the multiple-element arrangements. Many of our arrangements were entered into prior to January 1, 2011. These arrangement considerations are allocated to those identified as multiple-element arrangements based on their relative fair values. Fair values are established by evaluating vendor specific objective evidence ("VSOE") or third-party evidence, if available. Due to the customized nature of our arrangements, VSOE and third-party evidence is generally not available, which results in the arrangements being accounted for as one unit of accounting. For arrangements that are entered into or materially modified after January 1, 2011, arrangement considerations are allocated to those identified as multiple-element arrangements based on their relative selling price. Relative selling price is established through VSOE, third-party evidence, or management's best estimate of selling price. Due to the customized nature of our arrangements, VSOE and third-party evidence is generally not available, and therefore, relative selling price is generally allocated to multiple-element arrangements utilizing management's best estimate of selling price. | ||||||||||||
Cash and Cash Equivalents | ||||||||||||
For purposes of reporting cash and cash equivalents, we consider all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. | ||||||||||||
Restricted Cash | ||||||||||||
Restricted cash represents cash restricted by certain contracts and available for use to pay specified costs and vendors on work performed on specific contracts. On some contracts, advance payments are not available for use and cash is to be disbursed for specified costs for work performed on the specific contract. Changes in restricted cash related to our contracts are included as operating activities within our consolidated statement of cashflows. | ||||||||||||
Use of Estimates | ||||||||||||
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Management evaluates these estimates and assumptions on an ongoing basis, including but not limited to, those relating to allowances for doubtful accounts, fair value and impairment of intangible assets and goodwill, income taxes, stock based compensation, profitability on contracts, anticipated contract modifications, contingencies and litigation. Actual results could differ from those estimates. See the Critical Accounting Policies and Estimates. | ||||||||||||
Allowance for Doubtful Accounts | ||||||||||||
We establish an allowance for doubtful accounts against specific billed receivables based upon the latest information available to determine whether invoices are ultimately collectible. Such information includes the historical trends of write-offs and recovery of previously written-off accounts, the financial strength of the respective customer and projected economic and market conditions. The evaluation of these factors involves subjective judgments and changes in these factors may cause an increase to our estimated allowance for doubtful accounts, which could impact our consolidated financial statements by incurring bad debt expense. Given that we primarily serve the U.S. government, we believe the risk is low that changes in our allowance for doubtful accounts would result in a material impact on our financial results. | ||||||||||||
Property and Equipment | ||||||||||||
The cost of property and equipment, less applicable residual values, is depreciated using the straight-line method. Depreciation commences when the specific asset is complete, installed and ready for normal use. Depreciation related to equipment purchased for specific contracts is typically included within Cost of services, as this depreciation is directly attributable to project costs. We evaluate property and equipment for impairment quarterly by examining factors such as existence, functionality, obsolescence and physical condition. In the event we experience impairment, we revise the useful life estimate and record the impairment as an addition to depreciation expense and accumulated depreciation. Our standard depreciation and amortization policies are as follows: | ||||||||||||
Computer and related equipment | 3 to 5 years | |||||||||||
Equipment and Other | 2 to 10 years | |||||||||||
Leasehold improvements | Shorter of lease term or useful life | |||||||||||
Customer Related Intangible Assets | ||||||||||||
The initial values assigned to customer-related intangibles were the result of fair value calculations associated with business combinations. The values were determined based on estimates and judgments regarding expectations for the estimated future after-tax cash flows from those assets over their lives, including the probability of expected future contract renewals and sales, less a cost-of-capital charge, all of which was discounted to present value. We evaluate the carrying value of our customer-related intangibles within the asset group representing the lowest level of identifiable cash flows whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The customer related intangible carrying value is considered impaired when the anticipated undiscounted cash flows from such asset group is less than its carrying value. In that case, a loss is recognized based on the amount by which the carrying value exceeds the fair value. | ||||||||||||
Indefinite-Lived Assets and Goodwill | ||||||||||||
Indefinite-lived assets, including goodwill and indefinite-lived tradename, are not amortized but are subject to an annual impairment test. We evaluate goodwill and indefinite lived tradename for impairment annually in the first month of the fourth quarter of each fiscal year and when an event occurs or circumstances change to suggest that the carrying value may not be recoverable. The first step of the goodwill impairment test compares the fair value of each of our reporting units with its carrying amount, including indefinite-lived assets. If the fair value of a reporting unit exceeds its carrying amount, the indefinite-lived assets of the reporting unit are not considered impaired, and the second step of the impairment test is unnecessary. If the carrying amount of a reporting unit exceeds its fair value, the second step of the goodwill impairment test is performed to measure the amount of the impairment loss, if any. | ||||||||||||
Income Taxes | ||||||||||||
We file income, franchise, gross receipts and similar tax returns in many jurisdictions. Our tax returns are subject to audit by the Internal Revenue Service, within most states in the U.S., and by various government agencies representing several jurisdictions outside the U.S. | ||||||||||||
We use the asset and liability approach for financial accounting and reporting for income taxes in accordance with the FASB. Deferred income tax assets and liabilities are computed annually for differences between the financial statement and tax basis of assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Income tax expense is made up of current expense which includes both permanent and temporary differences and deferred expense which only includes temporary differences. Income tax expense is the amount of tax payable for the period plus or minus the change in deferred tax assets and liabilities during the period. | ||||||||||||
We perform a comprehensive review of our portfolio of uncertain tax positions regularly. The accounting for uncertainty in income taxes requires a more-likely-than-not threshold for financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. A liability is recorded when a benefit is recognized for a tax position and it is not more-likely-than-not that the position will be sustained on its technical merits or where the position is more-likely-than-not that it will be sustained on its technical merits, but the largest amount to be realized upon settlement is less than 100% of the position. | ||||||||||||
To the extent that our assessment of such tax positions changes, the change in estimate is recorded in the period in which the determination is made. Tax-related interest is included within interest expense and tax-related penalties are included within income tax expense in our consolidated statements of operations. See Note 5 regarding income taxes. | ||||||||||||
Share Based Compensation | ||||||||||||
We recognize compensation expense in the financial statements for all share based arrangements. Share based compensation cost is measured at the date of grant, based on the fair value of the award, and is recognized over the employee's requisite service period. See Note 10 for further discussion on share based compensation. | ||||||||||||
Currency Translation | ||||||||||||
The assets and liabilities of our subsidiaries outside the U.S. and have a functional currency that is not the U.S. dollar are translated into U.S. dollars at the rates of exchange in effect at the balance sheet dates. Results of operations and cash flow items for these subsidiaries are translated at the average exchange rates prevailing during the period. Gains and losses resulting from currency transactions and the re-measurement of the financial statements of U.S. functional currency foreign subsidiaries are recognized currently in Cost of services and Other income, net, respectively and those resulting from translation of financial statements are included in accumulated other comprehensive income. Our foreign currency transactions were not material for the calendar years ended December 31, 2013 and December 31, 2012 and December 30, 2011. | ||||||||||||
Operating Segments | ||||||||||||
In April 2013, the Company amended its organizational structure to improve efficiencies within existing businesses, capitalize on new opportunities, continue international growth and expand commercial business. The Company’s previous six operating and reporting segments, Logistics Civil Augmentation Program ("LOGCAP"), Aviation, Training and Intelligence Solutions ("TIS"), Global Logistics and Development Solutions ("GLDS"), Security Services and Global Linguist Services ("GLS") were realigned into three operating and reporting segments, DynAviation, DynLogistics and DynGlobal. Additionally, as GLS no longer represents a significant portion of our business the chief operating decision maker has determined that GLS will no longer be considered an operating segment or reporting unit. | ||||||||||||
Accounting Developments | ||||||||||||
Pronouncements Implemented | ||||||||||||
In February 2013, the FASB issued Accounting Standards Update ("ASU") No. 2013-02 - Comprehensive Income requiring new disclosure requirements for items reclassified out of accumulated other comprehensive income ("AOCI"), including: (i) changes in AOCI balances by component and (ii) significant items reclassified out of AOCI. The new disclosure requirements are effective for fiscal years and interim periods beginning after December 15, 2012. We adopted ASU No. 2013-02 as of March 29, 2013. The adoption of this ASU has not had any impact on the Company's financial statements as the Company has not had any reclassifications from accumulated other comprehensive income to net income. Other comprehensive income in each period is comprised solely of foreign currency translation adjustments. |
Composition_of_Certain_Financi
Composition of Certain Financial Statement Captions | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | |||||||
Composition of Certain Financial Statement Captions | ' | |||||||
Composition of Certain Financial Statement Captions | ||||||||
The following tables present financial information of certain consolidated balance sheet captions. | ||||||||
Prepaid expenses and other current assets — Prepaid expenses and other current assets were: | ||||||||
As of | ||||||||
December 31, 2013 | December 31, 2012 | |||||||
(Amounts in thousands) | ||||||||
Prepaid expenses | $ | 29,611 | $ | 40,474 | ||||
Income tax refunds receivable | 7,334 | 376 | ||||||
Inventories | 27,008 | 16,330 | ||||||
Aircraft parts inventory held on consignment | 2,404 | 2,676 | ||||||
Work-in-process inventory, net | 28,444 | 9,371 | ||||||
Joint venture receivables | 2,251 | 1,248 | ||||||
Favorable contracts | — | 426 | ||||||
Assets held for sale | 3,017 | — | ||||||
Other current assets | 24,441 | 8,322 | ||||||
Total prepaid expenses and other current assets | $ | 124,510 | $ | 79,223 | ||||
We value our inventory at lower of cost or market. Included in inventory as of December 31, 2013 and December 31, 2012 are seven helicopters, currently not deployed on any existing programs and valued at $5.6 million and $8.2 million, respectively. Subsequent to the year ended December 31, 2013, the Company sold one of the helicopters at a price lower than its original carrying value. As a result, the Company recorded a write-down of the remaining helicopters to reflect the lower cost or market value as of December 31, 2013. The Company also has six helicopters classified as held for sale as of December 31, 2013 that were previously deployed on an existing program. A valuation performed on the helicopters indicated their carrying value exceeded the fair value, less costs to sell. As such, an impairment expense of $2.4 million was recorded during the year ended December 31, 2013 and is included within the Impairment of goodwill, intangibles and long-lived assets within our consolidated statement of operations. | ||||||||
The Aircraft parts included in inventory held on consignment represents $2.4 million and $2.7 million in inventory, related to our former Life Cycle Support Services ("LCCS") Navy contract as of December 31, 2013 and December 31, 2012, respectively. The increase Work-in-process inventory includes an increase in equipment for vehicle modifications for specific customers and other deferred costs related to certain contracts. Other current assets includes a $9.8 million million insurance receivable related to a settlement of a certain legal matter as of December 31, 2013. See Note 9 for further legal discussion. | ||||||||
Property and equipment, net — Property and equipment, net were: | ||||||||
As of | ||||||||
December 31, 2013 | December 31, 2012 | |||||||
(Amounts in thousands) | ||||||||
Helicopters | $ | 4,007 | $ | 11,497 | ||||
Computers and other equipment | 14,258 | 13,045 | ||||||
Leasehold improvements | 17,585 | 10,026 | ||||||
Office furniture and fixtures | 3,006 | 4,877 | ||||||
Gross property and equipment | 38,856 | 39,445 | ||||||
Less accumulated depreciation | (14,736 | ) | (13,238 | ) | ||||
Total property and equipment, net | $ | 24,120 | $ | 26,207 | ||||
Property and equipment, net includes the helicopters and other assets acquired as a result of the Heliworks, Inc. ("Heliworks") acquisition during the third quarter of 2012. See Note 4 for further discussion of the acquisition. The Property and equipment, net, as of December 31, 2013, includes leasehold improvements related to the restructure of the Company's headquarters office space. As of December 31, 2013, December 31, 2012 and December 30, 2011, Property and equipment, net also included the accrual for property additions of $3.8 million, $0.5 million and $1.7 million, respectively. Depreciation expense was $5.9 million, $5.7 million and $5.5 million for the years ended December 31, 2013 and December 31, 2012 and December 30, 2011, respectively, including certain depreciation amounts classified as Cost of services. See Note 12 for additional discussion. | ||||||||
Other assets, net — Other assets, net were: | ||||||||
As of | ||||||||
December 31, 2013 | December 31, 2012 | |||||||
(Amounts in thousands) | ||||||||
Deferred financing costs, net | $ | 17,526 | $ | 22,918 | ||||
Investment in affiliates | 13,477 | 20,348 | ||||||
Palm promissory notes, long-term portion | 2,731 | 4,037 | ||||||
Other | 5,447 | 2,707 | ||||||
Total other assets, net | $ | 39,181 | $ | 50,010 | ||||
Deferred financing costs are amortized through interest expense. Amortization related to deferred financing costs was $6.8 million, $7.7 million, and $8.4 million for the years ended December 31, 2013, December 31, 2012 and December 30, 2011, respectively. Deferred financing costs were reduced during the years ended December 31, 2013 and December 31, 2012 by $0.7 million and $2.1 million, respectively, related to the pro rata write–off of financing costs to loss on early extinguishment of debt as a result of the $50.0 million and $90 million, respectively, principal prepayments on our Term Loan. See Note 8 for further discussion of our debt. The reduction in Investment in affiliates is the result of return of capital, net of contributions by affiliates of $2.2 million and $7.7 million for the years ended December 31, 2013 and December 31, 2012, respectively. | ||||||||
Accrued payroll and employee costs — Accrued payroll and employee costs were: | ||||||||
As of | ||||||||
December 31, 2013 | December 31, 2012 | |||||||
(Amounts in thousands) | ||||||||
Wages, compensation and other benefits | $ | 93,007 | $ | 105,293 | ||||
Accrued vacation | 20,383 | 21,484 | ||||||
Accrued contributions to employee benefit plans | 944 | 1,034 | ||||||
Total accrued payroll and employee costs | $ | 114,334 | $ | 127,811 | ||||
Accrued liabilities — Accrued liabilities were: | ||||||||
As of | ||||||||
December 31, 2013 | December 31, 2012 | |||||||
(Amounts in thousands) | ||||||||
Customer liability | $ | 61,856 | $ | 39,954 | ||||
Accrued insurance | 40,120 | 62,670 | ||||||
Accrued interest | 24,641 | 24,847 | ||||||
Unrecognized tax benefit | 10,132 | — | ||||||
Unfavorable contract liability | — | 4,572 | ||||||
Contract losses | 13,738 | 9,948 | ||||||
Legal reserves | 14,147 | 12,772 | ||||||
Subcontractor retention | 4,300 | 8,448 | ||||||
Financed insurance | 6,162 | 26,466 | ||||||
Other | 25,437 | 12,786 | ||||||
Total accrued liabilities | $ | 200,533 | $ | 202,463 | ||||
Customer liabilities are primarily due to amounts received from customers in excess of revenue recognized. Other is comprised of accrued rent, workers compensation related claims and other balances that are not individually material to the consolidated financial statements. Costs associated with Other liabilities increased for the year ended December 31, 2013 as result of the restructure our facilities footprint in Virginia. Legal matters include reserves related to various other lawsuits and claims that arise in the normal course of business. See Note 9 for further discussion. | ||||||||
Other long-term liabilities — Other long-term liabilities were: | ||||||||
As of | ||||||||
December 31, 2013 | December 31, 2012 | |||||||
(Amounts in thousands) | ||||||||
Unrecognized tax benefit, net | — | 3,293 | ||||||
Unfavorable lease accrual | — | 4,504 | ||||||
Other | 7,632 | 3,226 | ||||||
Total other long-term liabilities | $ | 7,632 | $ | 11,023 | ||||
During the third quarter 2013, we restructured our facilities footprint in Virginia to better position the Company operationally for the future. In connection with this restructuring plan, the Company entered into a rental agreement to lease property in Tysons Corner, in McLean, Virginia. Included in Other is the long-term leasehold obligation related to this facility of $4.7 million as of December 31, 2013. | ||||||||
During the fourth quarter of calendar year 2013, the Company vacated the previously occupied properties at various locations and consolidated to the new Tysons Corner, location in McLean, Virginia. Costs associated with vacating these properties, such as lease vacancy obligations, net of estimated sublease rental assumptions, were approximately $7.8 million and are included within Other accrued liabilities above. | ||||||||
As a result of the restructuring plan, we paid $3.9 million in relocation expenses during the year ended December 31, 2013 in order to better position our executive presence in our Texas facilities. We also recorded a postemployment benefit expense of $7.3 million during the year ended December 31, 2013 related to severance in accordance with ASC 712 - Compensation. These charges were primarily related to the workforce reduction initiatives implemented during the year. Both charges were included in Selling, general and administrative expenses in the consolidated statements of operations. We do not anticipate any further costs related to the restructuring plan. |
Goodwill_and_other_Intangible_
Goodwill and other Intangible Assets | 12 Months Ended | |||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||||||
Goodwill and other Intangible Assets | ' | |||||||||||||||||
Goodwill and other Intangible Assets | ||||||||||||||||||
In April 2013, the Company amended its organizational structure to improve efficiencies within existing businesses, capitalize on new opportunities and continue international growth while expanding the commercial business. The Company's previous operating and reporting segments were re-aligned into three operating and reporting segments DynAviation, DynLogistics and DynGlobal. DynAviation and DynLogistics provide services domestically and in foreign countries primarily under contracts with the U.S. government. DynGlobal is focusing resources and energy into the pursuit of business with governments and commercial entities around the world. Initial activities of this segment are focused on the development and growth of this business. | ||||||||||||||||||
Our current structure now includes seven reporting units for which we assess goodwill for potential impairment. Our DynAviation segment includes two reporting units, our DynLogistics segment includes four reporting units and there is no goodwill recorded at the DynGlobal segment. The amendment in the Company's organizational structure did not result in any reallocation of goodwill. | ||||||||||||||||||
We assess goodwill and other intangible assets with indefinite lives for impairment annually in October and when an event occurs or circumstances change that would suggest a triggering event. If a triggering event is identified, a step one assessment is performed to identify any possible goodwill impairment in the period in which the event is identified. | ||||||||||||||||||
We estimate the fair value of our reporting units using a combination of the income approach and the market approach. Under the income approach, we utilize a discounted cash flow model based on several factors including balance sheet carrying values, historical results, our most recent forecasts, and other relevant quantitative and qualitative information. We discount the related cash flow forecasts using the weighted-average cost of capital at the date of evaluation. Under the market approach, we utilize comparative market multiples in the valuation estimate. While the income approach has the advantage of utilizing more company specific information, the market approach has the advantage of capturing market based transaction pricing. The estimates and assumptions used in assessing the fair value of our reporting units and the valuation of the underlying assets and liabilities are inherently subject to significant uncertainties. | ||||||||||||||||||
Determining the fair value of a reporting unit or an indefinite-lived intangible asset involves judgment and the use of significant estimates and assumptions, particularly related to future operating results and cash flows. These estimates and assumptions include, but are not limited to, revenue growth rates and operating margins used to calculate projected future cash flows, risk-adjusted discount rates, future economic and market conditions and identification of appropriate market comparable data. Preparation of forecasts and the selection of the discount rate involve significant judgments that we base primarily on existing firm orders, expected future orders, and general market conditions. Significant changes in these forecasts, the discount rate selected, or the weighting of the income and market approach could affect the estimated fair value of one or more of our reporting units and could result in a goodwill impairment charge in a future period. In addition, the identification of reporting units and the allocation of assets and liabilities to the reporting units when determining the carrying value of each reporting unit also requires judgment. All of these factors are subject to change with a change in the defense industry or larger macroeconomic environment. | ||||||||||||||||||
We derive substantially all of our revenue from contracts and subcontracts with the U.S. government and its agencies. The continuation and renewal of our existing government contracts and new government contracts are, among other things, contingent upon the availability of adequate funding for various U.S. government agencies, including the Department of Defense ("DoD") and the Department of State ("DoS"). Funding for our programs is dependent upon the annual budget and the appropriation decisions assessed by Congress, which are beyond our control. Estimates and judgments made by management, as it relates to the fair value of our reporting units or indefinite-lived intangible assets, could be impacted by the continued uncertainty over the defense industry. Sequestration was triggered, in March 2013, resulting in the U.S. federal government operating under a continuing resolution ("CR") which authorized agencies of the U.S. government to continue to operate at fiscal year 2012 spending levels, but did not authorize new spending initiatives. Throughout calendar year 2013, Congress has been at an impasse with bringing resolution to the larger budgetary issues related to the debt and deficit that would undo sequestration and provide the desired clarity on defense spending. As of the third quarter, Congress was only able to agree to a short-term CR funding the government at the fiscal year 2013 sequester level through January 15, 2014. Congress and the Administration also continued to debate the debt ceiling, among other fiscal issues, as they negotiated plans for the long-term national fiscal policy. To mitigate the negative financial and operational readiness impacts, Congress enacted the Bipartisan Budget Act of 2013 ("BBA") in December 2013. The budget act agreement was enacted in an effort to prevent the (i) triggering of additional sequestration in fiscal year 2014, (ii) adjust upwardly Budget Control Act ("BCA") mandated discretionary spending caps, (iii) reduce the threat of another government shutdown and (iv) reinstate some certainty into the budgetary process. Until final resolution is reached regarding sequestration, there is uncertainty around these domestic and international factors and the final agreed upon appropriated funding levels for the years to come. | ||||||||||||||||||
During the third quarter of the year ended December 31, 2013, we learned that our pursuit of a significant business opportunity within the Intelligence & Security ("IS") reporting unit of the DynLogistics segment was unsuccessful. This reporting unit's projections included significant estimates related to the new business opportunity. Additionally, other significant new business pursuits became less probable due to competitor protest and other factors. We concluded the change in circumstances represented a triggering event and a step one assessment was performed to identify any possible goodwill impairment. The first step of the impairment test indicated the carrying value of the IS reporting unit was less than the fair value. We performed step two of the impairment test and determined that the goodwill at the IS reporting unit was partially impaired. As a result, a non-cash impairment charge of approximately $28.8 million was recorded during the third quarter ended September 27, 2013 to impair the carrying value of the IS reporting unit goodwill. | ||||||||||||||||||
During our annual goodwill impairment test performed during the fourth quarter of 2013, we noted significant changes to our assumptions and projections for the Air Operations ("AO") reporting unit. The AO reporting unit is dependent upon a single contract which is soon due for re-compete with our customer. During the fourth quarter of calendar year 2013, we received clarification from the customer regarding the upcoming re-compete of the contract, which varied significantly from the long standing previous contract and yielded a decline in the projected future operating results and cash flows. Prior to the fourth quarter, no triggering events existed. As a result of the change in the forecasted operating results and cash flows, the reporting unit failed step one of our annual goodwill impairment test. We performed a step two impairment test and determined that the implied fair value of goodwill for the reporting unit was lower than the carrying amount resulting in a non-cash impairment charge of $281.5 million recorded during the year ended December 31, 2013. Any further negative changes to this contract, such as the loss of the contract during re-compete or additional notifications from the customer of de-scoping, could yield operating results that differ from our projected forecasts and further result in a triggering event and an additional impairment. | ||||||||||||||||||
The estimated fair values of each of our remaining reporting units substantially exceed their respective carrying values with the exception of one of our reporting units within the DynLogistics segment which represents a carrying value of $120.6 million in goodwill as of December 31, 2013. The estimated fair value of goodwill for this reporting unit exceeded its carrying value by approximately 15%. The projections for this reporting unit include significant estimates related to new business opportunities which are the basis for the discount rate assumptions currently applied and the Company has assessed this risk as one of the variables in establishing the discount rate. If the Company is unsuccessful in obtaining these opportunities in 2014, a triggering event could be identified and a step one assessment would be performed to identify any possible goodwill impairment in the period in which the event is identified. | ||||||||||||||||||
The fair value of the reporting units and the assets and liabilities identified in the step two impairment test were determined using the combination of the income approach and the market approach, which are Level 3 and Level 2 inputs, respectively. See Note 11 for further discussion of fair value. In calculating the fair value of the AO and IS reporting units, we used unobservable inputs and management judgment which are Level 3 fair value measurements. We used the following estimates and assumptions in the discounted cash flow analysis: | ||||||||||||||||||
• | terminal value growth rates based on real rates of growth and inflationary growth; | |||||||||||||||||
• | terminal earnings before interest, taxes, depreciation and amortization ("EBITDA") margins, as a percentage of revenue reflecting forecasted EBITDA margins; | |||||||||||||||||
• | discount rates based on weighted-average cost of capital; and | |||||||||||||||||
• | assumptions regarding future capital expenditures. | |||||||||||||||||
The market approach analysis utilized observable level 2 inputs as it considered the inputs of other comparable companies. | ||||||||||||||||||
The carrying amount of goodwill, by segment, was as follows: | ||||||||||||||||||
(Amounts in thousands) | DynAviation | DynLogistics | DynGlobal | Total | ||||||||||||||
Gross Balance as of December 30, 2011 | $ | 439,350 | $ | 240,021 | $ | — | $ | 679,371 | ||||||||||
Impairment of goodwill | — | (33,768 | ) | — | (33,768 | ) | ||||||||||||
Balance as of December 30, 2011 | 439,350 | 206,253 | $ | — | 645,603 | |||||||||||||
Heliworks acquisition (1) | 3,043 | — | — | 3,043 | ||||||||||||||
Impairment of goodwill (2) | — | (44,594 | ) | — | (44,594 | ) | ||||||||||||
Balance as of December 31, 2012 | 442,393 | 161,659 | — | 604,052 | ||||||||||||||
Impairment of goodwill (3) | (281,461 | ) | (28,824 | ) | — | (310,285 | ) | |||||||||||
Balance as of December 31, 2013 | 160,932 | 132,835 | — | 293,767 | ||||||||||||||
(1) Includes $3.0 million of goodwill obtained during the third quarter of 2012, resulting from the Heliworks acquisition on July 6, 2012. | ||||||||||||||||||
See Note 4 for further discussion of the acquisition. | ||||||||||||||||||
-2 | Represents the non-cash impairment charges within the DynLogistics segment for the year ended December 31, 2012. | |||||||||||||||||
-3 | Includes goodwill impairment of the AO and IS reporting units within the DynAviation and DynLogistics segment for the year ended December 31, 2013. | |||||||||||||||||
The following tables provide information about changes relating to certain intangible assets: | ||||||||||||||||||
December 31, 2013 | ||||||||||||||||||
(Amounts in thousands, except years) | Weighted | Gross | Accumulated | Impairment | Net | |||||||||||||
Average | Carrying | Amortization | ||||||||||||||||
Useful Life | Value | |||||||||||||||||
(Years) | ||||||||||||||||||
Other intangible assets: | ||||||||||||||||||
Customer-related intangible assets | 5.6 | $ | 350,912 | $ | (138,623 | ) | $ | — | $ | 212,289 | ||||||||
Other | ||||||||||||||||||
Finite-lived (1) | 6.3 | 22,042 | (14,151 | ) | 7,891 | |||||||||||||
Indefinite-lived | 5,059 | — | — | 5,059 | ||||||||||||||
Total other intangibles | $ | 378,013 | $ | (152,774 | ) | $ | — | $ | 225,239 | |||||||||
Tradenames: | ||||||||||||||||||
Finite-lived | 1.4 | $ | 869 | $ | (627 | ) | $ | — | $ | 242 | ||||||||
Indefinite-lived | 43,222 | — | — | 43,222 | ||||||||||||||
Total tradenames | $ | 44,091 | $ | (627 | ) | $ | — | $ | 43,464 | |||||||||
-1 | The finite-lived balance includes the impairment of certain intangible assets within the DynLogistics segment resulting from a change in the business model during the fourth quarter of the year ended December 31, 2012 | |||||||||||||||||
December 31, 2012 | ||||||||||||||||||
(Amounts in thousands, except years) | Weighted | Gross | Accumulated | Impairment | Net | |||||||||||||
Average | Carrying | Amortization | ||||||||||||||||
Useful Life | Value | |||||||||||||||||
(Years) | ||||||||||||||||||
Other intangible assets: | ||||||||||||||||||
Customer-related intangible assets | 6.6 | $ | 350,912 | $ | (99,119 | ) | $ | — | $ | 251,793 | ||||||||
Other | ||||||||||||||||||
Finite-lived | 5.5 | 30,925 | (15,174 | ) | (6,069 | ) | 9,682 | |||||||||||
Indefinite-lived | 5,059 | 5,059 | ||||||||||||||||
Total other intangibles | $ | 386,896 | $ | (114,293 | ) | $ | (6,069 | ) | $ | 266,534 | ||||||||
Tradenames: | ||||||||||||||||||
Finite-lived | 2.4 | $ | 869 | $ | (447 | ) | $ | — | $ | 422 | ||||||||
Indefinite-lived | 43,221 | — | — | 43,221 | ||||||||||||||
Total tradenames | $ | 44,090 | $ | (447 | ) | $ | — | $ | 43,643 | |||||||||
Amortization expense for customer-related and other intangibles was $44.3 million, $46.1 million and $47.0 million for the years ended December 31, 2013, December 31, 2012 and December 30, 2011, respectively. Other intangibles is primarily representative of our capitalized software which had a net carrying value of $7.9 million and $9.6 million as of December 31, 2013 and December 31, 2012, respectively. | ||||||||||||||||||
The following table outlines an estimate of future amortization based upon the finite-lived intangible assets owned at December 31, 2013: | ||||||||||||||||||
Amortization | ||||||||||||||||||
Expense (1) | ||||||||||||||||||
Estimate for calendar year 2014 | 43,613 | |||||||||||||||||
Estimate for calendar year 2015 | 41,724 | |||||||||||||||||
Estimate for calendar year 2016 | 38,369 | |||||||||||||||||
Estimate for calendar year 2017 | 36,033 | |||||||||||||||||
Estimate for calendar year 2018 | 28,772 | |||||||||||||||||
Thereafter | 31,911 | |||||||||||||||||
(1)The future amortization is inclusive of the finite lived intangible-assets and finite-lived tradename. |
Acquisition
Acquisition | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Business Combination, Description [Abstract] | ' | |||
Acquisition | ' | |||
Acquisition | ||||
On July 6, 2012, we acquired 100% of Heliworks, an aviation service provider based in Pensacola, Florida. Heliworks operates from the Pensacola Regional Airport and provides services that include charter flights, aircraft maintenance and major repairs, avionics upgrades, component overhauls, and painting and refurbishment. Heliworks is integrated within our DynAviation segment, which allows the Company to better serve our commercial and government customers while further expanding our services of aircraft maintenance. The Company funded the purchase price with cash on hand. | ||||
The purchase price comprised of the following elements: | ||||
(Amounts in thousands) | Purchase Elements | |||
Cash paid for acquisition at closing, net of cash acquired | $ | 11,110 | ||
Final net asset adjustment paid in the fourth quarter of calendar year 2012 | 692 | |||
Total purchase price | $ | 11,802 | ||
The acquisition was accounted for as a business combination pursuant to ASC 805 - Business Combinations. In accordance with ASC 805, the purchase price has been allocated to assets and liabilities based on their estimated fair value at the acquisition date. Pro-forma financial information has not been provided for this acquisition as the acquisition did not have a material effect on our results of operations, financial position or cash flows for the year ended December 31, 2012. | ||||
The following table represents the allocation of the purchase price to the acquired assets and liabilities and resulting goodwill: | ||||
(Amounts in thousands) | Reconciliation | |||
to Goodwill | ||||
Total purchase price | $ | 11,802 | ||
Cash acquired | 9 | |||
Accounts receivables | 1,601 | |||
Helicopters | 2,844 | |||
Property and equipment | 525 | |||
Other assets | 316 | |||
Intangible assets | 5,235 | |||
Liabilities assumed | (1,771 | ) | ||
Goodwill | $ | 3,043 | ||
Management determined the purchase price allocations for the acquisition based on estimates of the fair values of the tangible and intangible assets acquired and liabilities assumed. We utilized recognized valuation techniques, including the income approach and cost approach for intangible assets and the cost approach for tangible assets. | ||||
The goodwill arising from the acquisition consists of assembled workforce and expectations that Heliworks will provide an extension to our ability to offer additional services to our DynAviation segment, which is consistent with our goal of accelerating growth, expanding service offerings and penetrating new segments. The goodwill recognized is not deductible for tax purposes. | ||||
The carrying amount of receivables approximates fair value as the acquired receivables are short-term in nature and have high probability of collection. There were no significant receivables determined to be uncollectable as of the date of the acquisition. | ||||
The purchase price includes $1.3 million held in escrow for indemnification liabilities (as defined by the equity purchase agreement) of the seller. All claims related to the acquisition have been finalized and the remaining escrow funds were released as of July 2013. | ||||
Acquired intangible assets of $5.2 million consisted of non-compete agreements, tradenames and Federal Aviation Administration ("FAA") certifications. The amortization period for non-compete agreements is three years. We recognized $0.2 million of acquisition related costs that were expensed during the year end December 31, 2012 and are included in selling, general and administrative expenses in our consolidated statements of operations for the respective period. No material costs have been recognized subsequent to December 31, 2012. |
Income_Taxes
Income Taxes | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||||
Income Taxes | ' | |||||||||||
Income Taxes | ||||||||||||
The domestic and foreign components of (Loss) income before income taxes are as follows: | ||||||||||||
For the years ended | ||||||||||||
31-Dec-13 | 31-Dec-12 | 30-Dec-11 | ||||||||||
(Amounts in thousands) | ||||||||||||
Domestic | $ | (286,989 | ) | $ | 6,567 | $ | (88,590 | ) | ||||
Foreign | 27 | 5,739 | 8,218 | |||||||||
(Loss) income before income taxes | $ | (286,962 | ) | $ | 12,306 | $ | (80,372 | ) | ||||
The Benefit (provision) from income taxes consists of the following: | ||||||||||||
For the years ended | ||||||||||||
31-Dec-13 | 31-Dec-12 | 30-Dec-11 | ||||||||||
(Amounts in thousands) | ||||||||||||
Current portion: | ||||||||||||
Federal | $ | — | $ | — | $ | 452 | ||||||
State | (784 | ) | (500 | ) | (855 | ) | ||||||
Foreign | (16,045 | ) | (4,342 | ) | (3,967 | ) | ||||||
(16,829 | ) | (4,842 | ) | (4,370 | ) | |||||||
Deferred portion: | ||||||||||||
Federal | 52,574 | (9,996 | ) | 24,466 | ||||||||
State | 1,086 | (101 | ) | 738 | ||||||||
Foreign | 630 | (659 | ) | 107 | ||||||||
54,290 | (10,756 | ) | 25,311 | |||||||||
Benefit (provision) from income taxes | $ | 37,461 | $ | (15,598 | ) | $ | 20,941 | |||||
Temporary differences, which give rise to deferred tax assets and liabilities, were as follows: | ||||||||||||
As of | ||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||
(Amounts in thousands) | ||||||||||||
Deferred tax assets related to: | ||||||||||||
Workers' compensation accrual | $ | 10,788 | $ | 16,791 | ||||||||
Accrued vacation | 5,055 | 5,302 | ||||||||||
Completion bonus allowance | 3,539 | 6,492 | ||||||||||
Accrued severance | 193 | 51 | ||||||||||
Accrued executive incentives | 4,538 | 7,060 | ||||||||||
Legal reserve | 1,559 | 4,571 | ||||||||||
Accrued health costs | 1,704 | 2,937 | ||||||||||
Suspended loss from consolidated partnership | 5,421 | 3,999 | ||||||||||
Contract loss reserve | 8,877 | 9,814 | ||||||||||
Other accrued liabilities and reserves | 18,539 | 15,745 | ||||||||||
Foreign tax credit carryforward | 17,880 | 3,703 | ||||||||||
Net operating loss carryforward | 1,096 | 964 | ||||||||||
Other carryforwards | 656 | — | ||||||||||
Uncertain tax positions | 7,471 | 5,600 | ||||||||||
Total deferred tax assets | 87,316 | 83,029 | ||||||||||
Deferred tax liabilities related to: | ||||||||||||
Partnership / joint venture basis differences | (150 | ) | (2,493 | ) | ||||||||
Prepaid insurance | (6,976 | ) | (10,493 | ) | ||||||||
Goodwill and other intangible assets | (25,101 | ) | (65,704 | ) | ||||||||
Unbilled receivables | (103,413 | ) | (113,674 | ) | ||||||||
Total deferred tax liabilities | (135,640 | ) | (192,364 | ) | ||||||||
Deferred tax liabilities, net | $ | (48,324 | ) | $ | (109,335 | ) | ||||||
Deferred tax assets and liabilities are reported as: | ||||||||||||
As of | ||||||||||||
December 31, 2013 | 31-Dec-12 | |||||||||||
(Amounts in thousands) | ||||||||||||
Current deferred tax liabilities, net | $ | (30,965 | ) | $ | (59,032 | ) | ||||||
Non-current deferred tax liabilities, net | (17,359 | ) | (50,303 | ) | ||||||||
Deferred tax liabilities, net | $ | (48,324 | ) | $ | (109,335 | ) | ||||||
In evaluating our deferred tax assets, we assess the need for any related valuation allowances or adjust the amount of any allowances, if necessary. We assess such factors as the scheduled reversal of deferred tax liabilities (including the impact of available carry back and carry forward periods), projected future taxable income and available tax planning strategies in determining the need for or sufficiency of a valuation allowance. Based on this assessment, we concluded no valuation allowances were necessary as of December 31, 2013 and December 31, 2012. | ||||||||||||
As of December 31, 2013, we had no U.S. federal net operating losses available for use. As of December 31, 2013 and December 31, 2012, we had state net operating losses ("NOLs") of approximately $138.3 million and $123.7 million, respectively, that will begin to expire in 2015. The remainder will not begin to expire until 2020 or later, though we expect to fully utilize our state NOLs prior to expiration. We had approximately $17.9 million and $9.3 million as of December 31, 2013 and December 31, 2012, respectively, in foreign tax credit carryforwards ("FTCs") that we expect to be fully utilized during calendar year 2014. Additionally, we made estimated federal income tax payments of $6.9 million for the year ended December 31, 2013. | ||||||||||||
As of December 31, 2012 we recorded a reserve for uncertain tax positions in the deferred tax accounts, offsetting the NOLs and FTCs, in the amount of and $5.6 million, net of tax, and $15.6 million, on a pre-tax basis. As of December 31, 2013, the reserve for the uncertain tax positions are no longer offsetting the NOLs and FTCs and are recorded in the uncertain tax liability. | ||||||||||||
A reconciliation of the statutory federal income tax rate to our effective rate is provided below: | ||||||||||||
For the years ended | ||||||||||||
31-Dec-13 | 31-Dec-12 | 30-Dec-11 | ||||||||||
Statutory rate | 35 | % | 35 | % | 35 | % | ||||||
State income tax, less effect of federal deduction | 0.1 | % | 4.9 | % | (0.1 | )% | ||||||
Noncontrolling interests | 0.5 | % | (16.1 | )% | 1.1 | % | ||||||
Goodwill impairment (1) | (22.6 | )% | 70.6 | % | (12.1 | )% | ||||||
Uncertain tax positions | (0.1 | )% | 13.7 | % | 1.3 | % | ||||||
Nondeductible expenses | (0.4 | )% | 9 | % | (1.3 | )% | ||||||
Penalties | — | % | 5.8 | % | — | % | ||||||
Other | 0.6 | % | 3.8 | % | 2.1 | % | ||||||
Effective tax rate | 13.1 | % | 126.7 | % | 26 | % | ||||||
-1 | Includes non-cash impairment charges to goodwill associated with our DynAviation and DynLogistics segments for year ended December 31, 2013, December 31, 2012 and December 30, 2011, respectively. See Note 3 for further discussion. | |||||||||||
Due to the nature of the Company's business, as a provider of professional and technical government services to the U.S. government, foreign earnings are generally exempt from foreign tax due to various bi-lateral agreements often referred to as Status of Forces Agreements ("SOFA") and Status of Mission Agreements ("SOMA") or their equivalents. The Company repatriates and provides U.S. income taxes on virtually all income it earns outside of the United States. | ||||||||||||
Uncertain Tax Positions | ||||||||||||
We account for uncertain tax positions in accordance with ASC 740 - Income Taxes, which prescribes the minimum recognition threshold a tax position taken or expected to be taken in a tax return is required to meet before being recognized in the financial statements. The amount of unrecognized tax benefits at December 31, 2013 and December 31, 2012 was $9.5 million and $8.2 million, respectively, of which $2.7 million and $1.7 million, respectively, would impact our effective tax rate if recognized. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: | ||||||||||||
(Amounts in thousands) | Unrecognized Tax Benefits | |||||||||||
Balance at December 31, 2010 | 12,879 | |||||||||||
Additions for tax positions related to current year | — | |||||||||||
Reductions for tax positions of prior years | ||||||||||||
Net releases | (1,216 | ) | ||||||||||
Lapse of statute of limitations | (483 | ) | ||||||||||
Balance at December 30, 2011 | 11,180 | |||||||||||
Additions for tax positions related to prior years | 2,634 | |||||||||||
Reductions for tax positions of prior years | (448 | ) | ||||||||||
Remeasurements | (2,518 | ) | ||||||||||
Net releases | (1,621 | ) | ||||||||||
Lapse of statute of limitations | (993 | ) | ||||||||||
Balance at December 31, 2012 | $ | 8,234 | ||||||||||
Additions for tax positions related to prior years | 1,686 | |||||||||||
Reductions for tax positions of prior years | (447 | ) | ||||||||||
Settlements | — | |||||||||||
Remeasurements | — | |||||||||||
Net releases | — | |||||||||||
Lapse of statute of limitations | — | |||||||||||
Balance at December 31, 2013 | $ | 9,473 | ||||||||||
For the year ended December 31, 2013, we had no accrued interest related to unrecognized tax benefits in interest expense and no penalties recognized in the provision for income taxes within our consolidated statements of operations. We expect the unrecognized tax benefit of $10.1 million, inclusive of penalties, as of December 31, 2013 to be settled within the next twelve months. For the year ended December 31, 2012, we had a net decrease of approximately $0.1 million of in interest expense and recorded $0.7 million in cumulative penalties recognized in the provision for income taxes within our consolidated statements of operations. For the year ended December 30, 2011, we recognized a net decrease of approximately $0.1 million in interest expense and no penalties were recognized in the provision for income taxes within our consolidated statements of operations. | ||||||||||||
We file income tax returns in U.S. federal and state jurisdictions and in various foreign jurisdictions which are subject to examinations by the IRS and other taxing authorities. These audits can result in adjustments of taxes due. The Company's estimate of the potential outcome of any uncertain tax issue prior to audit is subject to management's assessment of relevant risks, facts, and circumstances existing at that time. An unfavorable result under audit may reduce the amount of state net operating losses the Company has available for carryforward to offset future taxable income, or may increase the amount of tax due for the period under audit, resulting in an increase to the effective rate in the year of resolution. The statute of limitations is open for U.S. federal income tax returns for our fiscal year 2009 forward. The statute of limitations for state income tax returns is open for our fiscal year 2010 and forward, with few exceptions, and foreign income tax examinations for the calendar year 2009 forward, with few exceptions. | ||||||||||||
On January 22, 2014, a tax assessment from the Large Tax Office of the Afghanistan Ministry of Finance was received, seeking $64.2 million in taxes and penalties specific to one of our business licenses in Afghanistan for periods between 2009 to 2012. We filed our initial appeal of the assessment on February 19, 2014. Based on our initial assessment, we believe that the Company’s position meets the benefit recognition criteria. A portion of the current year liability for uncertain tax positions relates to a measurement liability related to asserted dividend withholding. See further discussion in Note 9. |
Accounts_Receivable
Accounts Receivable | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Receivables [Abstract] | ' | |||||||
Accounts Receivable | ' | |||||||
Accounts Receivable | ||||||||
Accounts Receivable, net consisted of the following: | ||||||||
As of | ||||||||
31-Dec-13 | 31-Dec-12 | |||||||
(Amounts in thousands) | ||||||||
Billed | $ | 179,586 | $ | 245,678 | ||||
Unbilled | 397,550 | 534,935 | ||||||
Total | $ | 577,136 | $ | 780,613 | ||||
Unbilled receivables as of December 31, 2013 and December 31, 2012 include $41.6 million and $36.2 million respectively, related to costs incurred on projects for which we have been requested by the customer to begin new work or extend work under an existing contract and for which formal contracts, contract modifications or other contract actions have not been executed at the end of the respective periods. As of December 31, 2013 we had no contract claims outstanding with associated receivable balances. As of December 31, 2012, we had one contract claim totaling $12.1 million which was collected during the first half of the year as the customer was in agreement with our position on the claim. | ||||||||
The balance of unbilled receivables above consists of costs and fees billable immediately on contract completion or other specified events, all of which are expected to be billed and collected within one year, except items that may result in a request for equitable adjustment or formal claim. We do not believe we have significant exposure to credit risk as our receivables are primarily with the U.S. government. Our largest contract, LOGCAP IV, accounted for approximately 34% and 45% of total unbilled receivables as of December 31, 2013 and December 31, 2012, respectively. |
Retirement_Plans
Retirement Plans | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||||||||||
Retirement Plans | ' | ||||||||||||||||
Retirement Plans | |||||||||||||||||
401(k) Savings Plans | |||||||||||||||||
The DynCorp International Savings Plan (the "Savings Plan") is a participant-directed, defined contribution, 401(k) plan for the benefit of employees meeting certain eligibility requirements. The Savings Plan is intended to qualify under Section 401(a) of the U.S. Internal Revenue Code (the "Code") and is subject to the provisions of the Employee Retirement Income Security Act of 1974. Under the Savings Plan, participants may contribute from 1% to 50% of their earnings, except for highly compensated employees who can only contribute up to 10% of their gross salary. Contributions are made on a pre-tax basis, limited to annual maximums set by the Code. The current maximum contribution per employee is $17,500 per calendar year. Company matching contributions are also made in an amount equal to 100% of the first 2% of employee contributions and 50% of the next 6%, up to $11,000 per calendar year are invested in various funds at the discretion of the participant. We incurred Savings Plan expense of approximately $16.1 million, $18.2 million and $13.9 million for the years ended December 31, 2013, December 31, 2012 and December 30, 2011, respectively. All Savings Plan expenses are fully funded. | |||||||||||||||||
Nonqualified Unfunded Deferred Compensation Plan | |||||||||||||||||
The Company has a non-qualified unfunded and unsecured deferred compensation plan that is offered to certain members of management allowing for the deferral of salary and bonuses without the statutory limitations present in 401(k) savings plan ("Savings Plan"). The elections under the savings plan must be completely separate and independent of each other. Under the saving plan, the deferral amount limitation is 50% of salary and 100% of bonuses and each participant shall be 100% vested in, at all times. The funds can be distributed the first day of the calendar month following the six-month anniversary of the participant’s separation from the Company. The participant can elect payout of the funds in a single sum or annual installments over 5 or 10 years; however, only one election can be made with respect to all of the deferrals in the respective account. If, for any reason, the participant fails to make a valid and timely election, the participant’s account shall be distributed as a single sum as of the participant’s benefit commencement date. There were no contributions made to the plan on behalf of the Company for years ended December 31, 2013, December 31, 2012 and December 30, 2011. | |||||||||||||||||
Multiemployer Pension Plans | |||||||||||||||||
We are subject to several collective-bargaining agreements that require contributions to a multiemployer defined benefit pension plan that covers its union-represented employees. We contribute to this plan based on specified hourly rates for eligible hours. The risks of participating in this multiemployer plan are different from single-employer plans in the following aspects: | |||||||||||||||||
a. | Assets contributed to the multiemployer plan by one employer may be used to provide benefits to employees of other participating employers. | ||||||||||||||||
b. | If a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the remaining participating employers. | ||||||||||||||||
c. | If we stop participating in the multiemployer plan, the Company may be required to pay a withdrawal liability based on its portion of the unfunded status of the plan. | ||||||||||||||||
We are subject to thirteen significant collective bargaining-agreements that require contributions to the International Association of Machinists National Pension Fund ("IAMNPF") with expiration dates ranging from March 30, 2014 through March 30, 2018. This is the only multiemployer plan that we contribute to. As long as we remain a contributing employer, we have no liability for any unfunded portion of this plan. However, if for any reason, we stop making contributions to the plan under any of the individual collective-bargaining agreements, we could be assessed a potential withdrawal liability based on our share of the unfunded vested benefits of the plan. Our share of the unfunded vested benefits is determined by the contributions required under the individual collective-bargaining agreements from which we withdraw relative to the plan as a whole. | |||||||||||||||||
Our participation in the IAMNPF for the years ended December 31, 2013, December 31, 2012 and December 30, 2011 is outlined in the table below. | |||||||||||||||||
Pension | FIR/RP | ||||||||||||||||
EIN/ | Protection Act | Status | Contributions of DynCorp International | Expiration | |||||||||||||
Pension Plan | Zone Status (2) | Pending / | (Amounts in thousands) | Surcharge | Date of | ||||||||||||
Pension Fund | Number | 2013 | 2012 | 2011 | Implemented | 2013 | 2012 | 2011 | Imposed | CBA | |||||||
IAMNPF (1) | 516031295 | Green | Green | Green | No | $ | 6,062 | $ | 4,686 | $ | 4,461 | No | 3/30/2014 through 3/30/2018 | ||||
Total Contributions | $ | 6,062 | $ | 4,686 | $ | 4,461 | |||||||||||
-1 | Of the thirteen collective-bargaining agreements that require contributions to this plan, the agreement with International Association of Machinists ("IAM") union employees at Pax River Naval Test Wing is the most significant as contributions under this plan for years 2014 through the expiration date of the collective-bargaining agreement will approximate $5.7 million, or 33.1% of all required contributions to the IAMNPF. | ||||||||||||||||
-2 | Unless otherwise noted, the most recent PPA zone status available in 2013, 2012 and 2011, is for the plan’s year-end status for the years ended December 31, 2013, December 31, 2012 and December 30, 2011, respectively. The zone status is based on information that the Company received from the plan and is certified by the plan's actuary. Generally, plans in the red zone are less than 65% funded, plans in the yellow zone are between 65% and 80% funded, and plans in the green zone are at least 80% funded. |
LongTerm_Debt
Long-Term Debt | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Long-term Debt, Unclassified [Abstract] | ' | |||||||
Long-Term Debt | ' | |||||||
Long-Term Debt | ||||||||
Long-term debt consisted of the following: | ||||||||
As of | ||||||||
31-Dec-13 | 31-Dec-12 | |||||||
(Amounts in thousands) | ||||||||
Pre-merger 9.5% senior subordinated notes | $ | — | $ | 637 | ||||
Term loan | 277,272 | 327,272 | ||||||
10.375% senior unsecured notes | 455,000 | 455,000 | ||||||
Total indebtedness | 732,272 | 782,909 | ||||||
Less current portion of long-term debt | — | (637 | ) | |||||
Total long-term debt | $ | 732,272 | $ | 782,272 | ||||
The current portion of long-term debt for our 9.5% senior subordinated notes fully matured on February 15, 2013. The total due under the Term Loan is included in Long-term debt in our consolidated balance sheet as of December 31, 2013 and December 31, 2012. | ||||||||
Senior Credit Facility | ||||||||
In connection with the Merger, we entered into a senior secured credit facility on July 7, 2010 (the "Original Senior Credit Facility"), with a banking syndicate and Bank of America, NA as Agent. On August 10, 2011, DynCorp International Inc. entered into an amendment to the Senior Credit Facility (the "Amendment" and, together with the Original Senior Credit Facility, the "Senior Credit Facility"). | ||||||||
On June 19, 2013, we entered into a third amendment (the “Amendment”) to the Senior Credit Facility. The Amendment, among other things, amended the Senior Credit Facility to extend the maturity date of the revolving credit facility (the "Revolver") to July 7, 2016, increased the amount of the Revolver to $181.0 million and modified the maximum total leverage threshold test and certain other covenants. | ||||||||
The Senior Credit Facility is secured by substantially all of our assets and is guaranteed by substantially all of our subsidiaries. As of the year ended December 31, 2013, the Senior Credit Facility provided for a $277.3 million term loan facility ("Term Loan") and a $181.0 million Revolver resulting from the Amendment, which includes a $100.0 million letter of credit subfacility. As of December 31, 2013 and December 31, 2012, the additional available borrowing capacity under the Senior Credit Facility was approximately $144.6 million and $111.7 million, respectively, which allows for up to $36.4 million and $38.3 million in additional letters of credit, respectively. The maturity date on both the Term Loan and the Revolver is July 7, 2016. Amounts borrowed under our Revolver were used to fund operations. | ||||||||
Interest Rates on Term Loan & Revolver | ||||||||
Both the Term Loan and Revolver bear interest at one of two options, based on our election, using either the (i) base rate ("Base Rate") as defined in the Senior Credit Facility plus an applicable margin or the (ii) London Interbank Offered Rate ("Eurocurrency Rate") as defined in the Senior Credit Facility plus an applicable margin. The applicable margin for the Term Loan is fixed at 3.5% for the Base Rate option and 4.5% for the Eurocurrency Rate option. The applicable margin for the Revolver ranges from 3.0% to 3.5% for the Base Rate option or 4.0% to 4.5% for the Eurocurrency option based on our outstanding Secured Leverage Ratio at the end of the quarter. The Secured Leverage Ratio is calculated by the ratio of total secured consolidated debt (net of up to $75 million of unrestricted cash and cash equivalents) to consolidated earnings before interest, taxes, and depreciation & amortization ("Consolidated EBITDA"), as defined in the Senior Credit Facility. Interest payments on both the Term Loan and Revolver are payable at the end of the interest period as defined in the Senior Credit Facility, but not less than quarterly. | ||||||||
The Base Rate is equal to the higher of (a) the Federal Funds Rate plus one half of one percent and (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its prime rate; provided that in no event shall the Base Rate be less than 1.00% plus the Eurocurrency Rate applicable to one month interest periods on the date of determination of the Base Rate. The variable Base Rate has a floor of 2.75%. | ||||||||
The Eurocurrency Rate is the rate per annum equal to the British Bankers Association London Interbank Offered Rate ("BBA LIBOR") as published by Reuters (or other commercially available source providing quotations of BBA LIBOR as designated by the Administrative Agent from time to time) two Business Days prior to the commencement of such interest period. The variable Eurocurrency rate has a floor of 1.75%. As of December 31, 2013 and December 31, 2012, the applicable interest rate on the Term Loan was 6.25%. | ||||||||
Interest Rates on Letter of Credit Subfacility and Unused Commitment Fees | ||||||||
The letter of credit subfacility bears interest at the applicable margin for Eurocurrency Rate loans, which ranges from 4.0% to 4.5%. The unused commitment fee on our Revolver ranges from 0.50% to 0.75% depending on the Secured Leverage Ratio, as defined in the Senior Credit Facility. Interest payments on both the letter of credit subfacility and unused commitments are payable quarterly in arrears. As of December 31, 2013 and December 31, 2012 the applicable interest rates for our letter of credit subfacility and our interest rates for our unused commitment fees were 4.25% and 4.50%, and 0.50% and 0.75%, respectively, for both periods. All of our letters of credit are also subject to a 0.25% fronting fee. | ||||||||
Principal Payments | ||||||||
Our Credit Facility contains an annual requirement to submit a portion of our Excess Cash Flow, as defined in the Credit Facility, as additional principal payments. The first requirement was in 2012 based on annual financial results for the prior year year ended December 31, 2011. Based on the principal payments we made during the years ended December 31, 2012 and December 31, 2013 we did not meet the threshold for an additional Excess Cash Flow payment. Additional principal payments could be required based on net proceeds received from items such as tax refunds or disposition of assets or lines of business. | ||||||||
During the years ended December 31, 2013 and December 31, 2012, we made principal payments of $50.0 million and $90.0 million, respectively on the Term Loan facility. Pursuant to our Term Loan facility quarterly principal payments are required, however, the principal prepayments made in 2011 were applied to the future scheduled maturities and satisfied our responsibility to make quarterly principal payments through July 7, 2016. | ||||||||
Deferred financing costs of $0.7 million and $2.1 million, related to the various principal payments, were expensed and included in Loss on early extinguishment of debt in our consolidated statement of operations for the years ended December 31, 2013 and December 31, 2012, respectively. There were no penalties associated with the prepayments. | ||||||||
Covenants | ||||||||
The Senior Credit Facility contains financial, as well as non-financial, affirmative and negative covenants that we believe are usual and customary. The negative covenants in the Senior Credit Facility include, among other things, limits on our ability to: | ||||||||
•declare dividends and make other distributions; | ||||||||
•redeem or repurchase our capital stock; | ||||||||
•prepay, redeem or repurchase certain of our indebtedness; | ||||||||
•grant liens; | ||||||||
•make loans or investments (including acquisitions); | ||||||||
•incur additional indebtedness; | ||||||||
•modify the terms of certain debt; | ||||||||
•restrict dividends from our subsidiaries; | ||||||||
•change our business or business of our subsidiaries; | ||||||||
•merge or enter into acquisitions; | ||||||||
•sell our assets; | ||||||||
•enter into transactions with our affiliates; and | ||||||||
•make capital expenditures. | ||||||||
In addition, the Senior Credit Facility stipulates a maximum total leverage ratio as defined in the Senior Credit Facility, and minimum interest coverage ratio as defined in the Senior Credit Facility, that we must maintain. | ||||||||
The total leverage ratio is the Consolidated Total Debt as defined in the Senior Credit Facility, less unrestricted cash and cash equivalents (up to $75 million) to Consolidated EBITDA as defined in the Senior Credit Facility, for the applicable period. Our total leverage ratio cannot be greater than 4.50 to 1.0 after which, the maximum total leverage diminishes quarterly or semi-annually to a maximum of 3.75 to 1.00 beginning September 26, 2015. The Amendment made adjustments to the levels at which the maximum total leverage diminishes over the remainder of the facility. | ||||||||
The interest coverage ratio is the ratio of Consolidated EBITDA to Consolidated Interest Expense as defined in the Senior Credit Facility. The interest coverage ratio must not be less than 2.0 to 1.0 through the period ending June 27, 2014, after which, the minimum total interest coverage ratio increases to 2.05 to 1.00 through March 27, 2015 and 2.25 to 1.00 thereafter. | ||||||||
The fair value of our borrowings under our Senior Credit Facility approximates 100.5% and 100.5% of the carrying amount based on quoted values as of December 31, 2013 and December 31, 2012, respectively. | ||||||||
In the event we fail to comply with the covenants specified in the Senior Credit Facility and the Indenture governing our Senior Unsecured Notes, we may be in default. | ||||||||
Senior Unsecured Notes | ||||||||
On July 7, 2010, DynCorp International Inc. issued $455 million in aggregate principal of 10.375% senior unsecured notes due 2017 (the "Senior Unsecured Notes") in a private placement offering. The Senior Unsecured Notes were issued under an indenture dated July 7, 2010, by and among us, the guarantors party thereto (the "Guarantors"), including the Company, and Wilmington Trust FSB, as trustee. The Senior Unsecured Notes mature on July 1, 2017. Interest on the Senior Unsecured Notes is payable on January 1 and July 1 of each year, commencing on January 1, 2011. | ||||||||
In connection with the issuance of the Senior Unsecured Notes, we entered into a registration rights agreement, pursuant to which we agreed, among other things, to offer to exchange the Senior Unsecured Notes for a new issue of substantially identical notes that have been registered under the Securities Act of 1933, as amended. Under this registration rights agreement, we were required to file an exchange offer registration statement and have it declared effective by the SEC within 300 days following July 7, 2010, which was May 3, 2011. Because the exchange offer registration statement did not go effective until June 21, 2011, we were required to pay additional interest to holders of the Senior Unsecured Notes in an amount equal to 0.25% per annum of the principal amount thereof from May 4, 2011 to June 21, 2011. We paid such additional interest of $0 to holders of the Senior Unsecured Notes on July 1, 2011 in compliance with the registration rights agreement. On July 26, 2011, we completed the exchange offer and approximately $0 million of registered Senior Unsecured Notes were issued in exchange for the old Senior Unsecured Notes. | ||||||||
The Senior Unsecured Notes contain various covenants that restrict our ability to: | ||||||||
•incur additional indebtedness; | ||||||||
•make certain payments including declaring or paying certain dividends; | ||||||||
•purchase or retire certain equity interests; | ||||||||
•retire subordinated indebtedness; | ||||||||
•make certain investments; | ||||||||
•sell assets; | ||||||||
•engage in certain transactions with affiliates; | ||||||||
•create liens on assets; | ||||||||
•make acquisitions; and | ||||||||
•engage in mergers or consolidations. | ||||||||
The aforementioned restrictions are considered to be in place unless we achieve investment grade ratings by both Moody’s Investor Services and Standard and Poors. | ||||||||
We can redeem the Senior Unsecured Notes, in whole or in part, at defined call prices, plus accrued interest through the redemption date. The Indenture requires us to repurchase the Senior Unsecured Notes at defined prices in the event of certain asset sales and change of control events. | ||||||||
Call and Put Options | ||||||||
We can voluntarily settle all or a portion of the Senior Unsecured Notes at any time prior to July 1, 2014. Such a voluntary settlement would require payment of 100% of the principal amount plus the applicable premium (or make-whole premium), and accrued and unpaid interest and additional interest, if any, as of the applicable redemption date. The applicable premium with respect to the Senior Unsecured Notes on any applicable redemption date is the greater of (1) 1.0% of the then outstanding principal amount of the Senior Unsecured Notes; and (2)the excess of (a) the present value at such redemption date of (i) the redemption price of the Senior Unsecured Notes at July 1, 2014 plus (ii) all required interest payments due on the Note through July 1, 2014 (excluding accrued but unpaid interest), computed using a discount rate equal to the treasury rate, as defined in the Indenture, as of such redemption date plus 50 basis points; over (b) the then outstanding principal amount of the Senior Unsecured Notes. Subsequent to July 1, 2014, we can redeem the Senior Unsecured Notes, in whole or in part, at defined call prices, plus accrued interest through the redemption date. | ||||||||
The Indenture requires us to offer to repurchase the Senior Unsecured Notes at defined prices in the event of certain asset sales and change of control events. In the case of Asset Sales (as defined in the Indenture), we are required under the Indenture to use the proceeds from such asset sales to either (i) prepay secured debt or nonguarantor debt, (ii) reinvest in our business or (iii) to the extent asset sale proceeds not applied in accordance with clause (i) or (ii) exceed $15 million, make an offer to repurchase the Senior Unsecured Notes at 100% of the principal amount thereof. | ||||||||
In the event of a change in control, each holder of the Senior Unsecured Notes will have the right to require the Company to repurchase some or all of the Senior Unsecured Notes at 101% of their face amount, plus accrued and unpaid interest to the repurchase date. | ||||||||
The fair value of the Senior Unsecured Notes is based on their quoted market value. As of December 31, 2013 and December 31, 2012, the quoted market value of the Senior Unsecured Notes was approximately 103.0% and 91.5%, respectively, of stated value. |
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||||||||||
Commitments and Contingencies | ' | ||||||||||||
Commitments and Contingencies | |||||||||||||
Commitments | |||||||||||||
We have operating leases for the use of real estate and certain property and equipment which are either non-cancelable, cancelable only by the payment of penalties or cancelable upon one month’s notice. All lease payments are based on the lapse of time but include, in some cases, payments for insurance, maintenance and property taxes. There are no purchase options on operating leases at favorable terms, but most leases have one or more renewal options. Certain leases on real estate are subject to annual escalations for increases in base rents, utilities and property taxes. Lease rental expense was $167.6 million,$217.4 million, and $160.2 million for the years ended December 31, 2013, December 31, 2012 and December 30, 2011, respectively. We have no significant long-term purchase agreements with service providers. | |||||||||||||
Minimum fixed rentals non-cancelable for the next five years and thereafter under operating leases in effect as of December 31, 2013, are as follows: | |||||||||||||
Calendar Year | Real Estate | Equipment | Total | ||||||||||
(Amounts in thousands) | |||||||||||||
2014 (1) | 28,012 | 6,242 | 34,254 | ||||||||||
2015 | 13,141 | 1,951 | 15,092 | ||||||||||
2016 | 10,517 | 686 | 11,203 | ||||||||||
2017 | 9,869 | 408 | 10,277 | ||||||||||
2018 | 8,926 | — | 8,926 | ||||||||||
Thereafter | 18,863 | — | 18,863 | ||||||||||
Total | $ | 89,328 | $ | 9,287 | $ | 98,615 | |||||||
-1 | The minimum lease table above excludes agreements of one year or less in duration. These leases are accounted for in our rent expense, however, because of the short tenure of the lease, these are not reflected in the table above. | ||||||||||||
Contingencies | |||||||||||||
General Legal Matters | |||||||||||||
We are involved in various lawsuits and claims that arise in the normal course of business. We have established reserves for matters in which it is believed that losses are probable and can be reasonably estimated. Reserves related to these matters have been recorded in "Other accrued liabilities" totaling approximately $14.1 million and $12.8 million as of December 31, 2013 and December 31, 2012, respectively. We believe that appropriate accruals have been established for such matters based on information currently available; however, some of the matters may involve compensatory, punitive, or other claims or sanctions that if granted, could require us to pay damages or make other expenditures in amounts that could not be reasonably estimated at December 31, 2013. These accrued reserves represent the best estimate of amounts believed to be our liability in a range of expected losses. In accordance with ASC 450 - Contingencies, in addition to matters that are considered probable and can be reasonably estimated, we also disclose certain matters considered reasonably possible. In addition to the disclosure requirements set forth in ASC 450-20, the Company also discloses any other contingencies for which the likelihood of an unfavorable outcome is remote but for which the Company believes are of such a significant nature that disclosure would benefit a user of our financial statements. Other than matters disclosed below, we believe the aggregate range of possible loss related to matters considered reasonably possible was not material as of December 31, 2013. Litigation is inherently unpredictable and unfavorable resolutions could occur. Accordingly, it is possible that an adverse outcome from such proceedings could (i) exceed the amounts accrued for probable matters; or (ii) require a reserve for a matter we did not originally believe to be probable or could be reasonably estimated. Such changes could be material to our financial condition, results of operations and cash flows in any particular reporting period. Our view of the matters not specifically disclosed could possibly change in future periods as events thereto unfold. | |||||||||||||
Pending Litigation and Claims | |||||||||||||
On December 4, 2006, December 29, 2006, March 14, 2007 and April 24, 2007, four lawsuits were served, seeking unspecified monetary damages against DynCorp International LLC and several of its former affiliates in the U.S. District Court for the Southern District of Florida, concerning the spraying of narcotic plant crops along the Colombian border adjacent to Ecuador. Three of the lawsuits, filed on behalf of the Provinces of Esmeraldas, Sucumbíos, and Carchi in Ecuador, allege violations of Ecuadorian law, International law, and statutory and common law tort violations, including negligence, trespass, and nuisance. The fourth lawsuit, filed on behalf of citizens of the Ecuadorian provinces of Esmeraldas and Sucumbíos, alleges personal injury, various counts of negligence, trespass, battery, assault, intentional infliction of emotional distress, violations of the Alien Tort Claims Act and various violations of International law. The four lawsuits were consolidated, and based on our motion granted by the court, the case was subsequently transferred to the U.S. District Court for the District of Columbia. On March 26, 2008, a First Amended Consolidated Complaint was filed that identified 3,266 individual plaintiffs. As of January 12, 2010, 1,256 of the plaintiffs have been dismissed by court orders and, on September 15, 2010, the Provinces of Esmeraldas, Sucumbíos, and Carchi were dismissed by court order. We filed multiple motions for summary judgment, and, on February 15, 2013, the court granted summary judgment and dismissed all claims. On March 18, 2013, the plaintiffs filed a notice of appeal with the U.S. Court of Appeals for the District of Columbia, and the appeal is pending. The amended complaint does not demand any specific monetary damages; however, a court decision against us could have a material effect on our results of operations and financial condition, if we are unable to obtain reimbursement from the DoS. The aerial spraying operations were and continue to be managed by us under a DoS contract in cooperation with the Colombian government. The DoS contract provides indemnification to us against third-party liabilities arising out of the contract, subject to available funding as well as potential apportionment of damages to multiple defendants. At this time, we believe the likelihood of an unfavorable outcome in this case is remote. | |||||||||||||
A lawsuit filed on September 11, 2001, and amended on March 24, 2008, seeking unspecified damages on behalf of twenty-six residents of the Sucumbíos Province in Ecuador, was brought against our operating company and several of its former affiliates in the U.S. District Court for the District of Columbia. The action alleges violations of the laws of nations and U.S. treaties, negligence, emotional distress, nuisance, battery, trespass, strict liability, and medical monitoring arising from the spraying of herbicides near the Ecuador-Colombia border in connection with the performance of the DoS, International Narcotics and Law Enforcement contract for the eradication of narcotic plant crops in Colombia. As of January 12, 2010, fifteen of the plaintiffs have been dismissed by court order. We filed multiple motions for summary judgment, and, on February 15, 2013, the court granted summary judgment and dismissed all claims. On March 18, 2013, the plaintiffs filed a notice of appeal with the U.S. Court of Appeals for the District of Columbia, and the appeal is pending. The terms of the DoS contract provide that the DoS will indemnify our operating company against third-party liabilities arising out of the contract, subject to available funding. We are also entitled to indemnification by Computer Sciences Corporation, the Company's previous owners, in connection with this lawsuit, subject to certain limitations. Additionally, any damage award would have to be apportioned between the other defendants and our operating company. We believe that the likelihood of an unfavorable judgment in this matter is remote. | |||||||||||||
Arising out of the litigation described in the preceding two paragraphs, on September 22, 2008, we filed a separate lawsuit against our aviation insurance carriers seeking defense and coverage of the referenced claims. On November 9, 2009, the court granted our Partial Motion for Summary Judgment regarding the duty to defend, and the carriers have paid the majority of the litigation expenses. In a related action, the carriers filed a lawsuit against us on February 5, 2009, seeking rescission of certain aviation insurance policies based on an alleged misrepresentation by us concerning the existence of certain of the lawsuits relating to the eradication of narcotic plant crops. On May 19, 2010, our aviation insurance carriers filed a complaint against us seeking reformation of previously provided insurance policies and the elimination of coverage for aerial spraying. The Company believes that the claims asserted by the insurance carriers are without merit and the likelihood of an unfavorable judgment in this matter is remote. | |||||||||||||
In 2009, we terminated for cause a contract to build the Akwa Ibom International Airport for the State of Akwa Ibom in Nigeria. Consequently, we terminated certain subcontracts and purchase orders the customer advised us it did not want to assume. Our termination of certain subcontracts not assumed by the customer, including our actions to recover against advance payment and performance guarantees established by the subcontractors for our benefit, was challenged in certain instances. In December 2011, the customer filed arbitration alleging fraud, gross negligence, contract violations, and conversion of funds and asserted damages of approximately $150 million. We believe our right to terminate this contract was justified and permissible under the terms of the contract, and we intend to vigorously contest the claims brought against us. Additionally, we believe the contract limits any damages to a maximum of $3 million, except in situations of gross negligence and willful misconduct. As of December 31, 2013 and December 31, 2012, we have recorded an immaterial liability for this matter and believe the likelihood of loss for amounts in excess of this accrual, up to the amount limited by the contract, is reasonably possible. | |||||||||||||
On July 8, 2009, a lawsuit was filed in the United Arab Emirates ("UAE") Abu Dhabi Court of First Instance, by Al Hamed ITC (hereafter "Al Hamed") concerning an October 2002 business development contract focused upon obtaining business directly with the UAE General Military Directorate ("GMD"). Al Hamed was unsuccessful in assisting the company in soliciting business with GMD and, as such, the contract with Al Hamed was terminated in July 2006. We became a subcontractor to the successful bidder, Al Taif, in December 2006. Al Hamed filed a claim seeking $57.0 million in damages under the business development contract. On May 9, 2012, the court awarded Al Hamed 8.2 million in UAE Dirhams ($2.2 million U.S. dollars) plus 5% interest and expenses. The Company and Al Hamed both appealed the judgment. On September 12, 2012, the appellate court altered the judgment stating the amount should not have been in UAE Dirhams rather in U.S. dollars, which amounts to $8.2 million US dollars. As of September 28, 2012, a reserve has been established for the full amount of the judgment. The judgment was further appealed to the Supreme Court in Abu Dhabi, and, on February 27, 2013, we were advised that our appeal was unsuccessful. On April 7, 2013, the judgment was paid and the matter is now closed. During calendar year 2013, the Company was made aware of a new case filed by Al Hamed in the UAE Abu Dhabi Court of First Instance seeking $23.3 million U.S. dollars in damages under the same business development contract. The case alleges we obtained additional business with Al Taif. We have not been awarded any new contracts with Al Taif and therefore believe this case is without merit. | |||||||||||||
In February 2013, the Company received a judgment related to a past helicopter accident in Aviano, Italy. As of December 31, 2013, we have recorded a liability for $9.8 million related to this matter. This matter is fully insured and a corresponding receivable from the insurance company has been recorded within Other current assets. | |||||||||||||
U.S. Government Investigations | |||||||||||||
We primarily sell our services to the U.S. government. These contracts are subject to extensive legal and regulatory requirements, and we are occasionally the subject of investigations by various agencies of the U.S. government who investigate whether our operations are being conducted in accordance with these requirements, including as previously disclosed in our periodic filings, the Special Inspector General for Iraq Reconstruction report regarding certain reimbursements and the U.S. Department of State Office of Inspector General's records subpoena with respect to Civilian Police ("CivPol"). Such investigations, whether related to our U.S. government contracts or conducted for other reasons, could result in administrative, civil or criminal liabilities, including repayments, fines or penalties being imposed upon us, or could lead to suspension or debarment from future U.S. government contracting. U.S. government investigations often take years to complete and many result in adverse action against us. We believe that any adverse actions arising from such matters could have a material effect on our ability to invoice and receive timely payment on our contracts, perform contracts or compete for contracts with the U.S. government and could have a material effect on our operating performance. | |||||||||||||
On August 16, 2005, we were served with a Department of Justice Federal Grand Jury Subpoena seeking documents concerning work performed by a former subcontractor, Al Ghabban in 2002-2005. Specifically, during the 2002-2005 timeframe, Al Ghabban performed line haul trucking work to transport materials throughout the Middle Eastern theater on the War Reserve Materials Program. In response to the subpoena in 2005, we provided the requested documents to the Department of Justice, and the matter was subsequently closed in 2005 without any action taken. In April 2009, we received a follow up telephone call concerning this matter from the Department of Justice Civil Litigation Division. Since that time, we have had several discussions with the government regarding the civil matter. In response to requests, we provided additional information to the Department of Justice Civil Litigation Division. We are fully cooperating with the government's review and believe that the likelihood of an unfavorable judgment resulting from this matter is reasonably possible. If our operations are found to be in violation of any laws or government regulations, we may be subject to penalties, damages or fines, any or all of which could adversely affect our financial results. The Company believes that the likelihood of an unfavorable judgment resulting from this matter is reasonably possible; however, as this matter is still under review and no formal complaint has been filed, a reasonable estimate of loss or range of loss cannot be made. | |||||||||||||
On February 24, 2012, we were advised by the Department of Justice Civil Litigation Division that they are conducting an investigation regarding the CivPol and Department of State Advisor Support Mission ("DASM") contracts in Iraq and Corporate Bank, a former subcontractor. The issues include allowable hours worked under a specific task order and invoices to the Department of State for certain hotel leasing, labor rates and overhead within the 2003 to 2008 timeframe. The Department of Justice Civil Litigation Division has requested information from the Company, and we are fully cooperating with the government’s review. If our operations are found to be in violation of any laws or government regulations, we may be subject to penalties, damages or fines, any or all of which could adversely affect our financial results. At this time, an estimate or a range of potential damages is not possible as this matter is still under review by the Department of Justice and no formal complaint has been filed. | |||||||||||||
U.S. Government Audits | |||||||||||||
Our contracts are regularly audited by the Defense Contract Audit Agency ("DCAA") and other government agencies. These agencies review our contract performance, cost structure and compliance with applicable laws, regulations and standards. The government also reviews the adequacy of, and our compliance with, our internal control systems and policies, including our purchasing, property, estimating, accounting and material management accounting systems. Any costs found to be improperly allocated to a specific contract will not be reimbursed. The DCAA will in some cases issue a Form 1 representing the non-conformance of such costs or requirements as it relates to our government contracts. If the Company is unable to provide sufficient evidence of the costs in question, the costs could be suspended or disallowed which could be material to our financial statements. Government contract payments received by us for direct and indirect costs are subject to adjustment after government audit and repayment to the government if the payments exceed allowable costs as defined in the government regulations. Since we cannot reasonably estimate the results of a DCAA or other government entity audit, these items represent loss contingencies that we consider reasonably possible. Due to the nature of our business, the continual oversight of and audits by governmental agencies and the number of contracts under which we perform, we cannot, at this time, provide a reasonable estimate of the range of loss for these contingencies. | |||||||||||||
Over the past year, the Company received a series of final audit reports from the DCAA, some of which have resulted in Form 1's, related to their examination of certain incurred, invoiced and reimbursed costs on the CivPol program for periods ranging from April 17, 2004 through April 2, 2010. The Form 1's identify several cost categories where the DCAA has asserted instances of potential deviations from the terms of the contract or from certain provisions of government regulations. The asserted amounts are derived in part extrapolation methodologies used to estimate potential exposure amounts for the cost categories. The final audit reports and Form 1's total approximately $141.2 million. Over the past year, the Company has worked with the DCAA and Department of State ("DoS") to resolve these Form 1s. The Company has responded to each audit report. Each response articulated the Company’s position on these issues, answered DCAA’s questions and provided clarification of the facts to resolve the issues raised. The Company has also sought to obtain clarification from DoS through formal contract modifications in an attempt to assist the DCAA in closing these issues. We believe the majority of these issues will continue to be resolved and thus represent loss contingencies that the Company considers remote. For the remaining issues, which total approximately $25.4 million, we believe the DCAA did not consider certain contractual provisions and long standing patterns of dealing with the customer. Since we cannot reasonably estimate the DCAA's acceptance of our initial responses and the ultimate outcome related to these remaining issues we believe these items represent loss contingencies that the Company considers reasonably possible. We continue to work with the DoS and the DCAA to resolve any remaining questions they may have and provide clarification of the facts and circumstances surrounding the issues. | |||||||||||||
On April 30, 2013, the Company received several Form 1s from DCAA disapproving approximately $152.0 million of cost incurred by the Company for the periods ranging between 2000 to 2011 on the War Reserve Materiel program related to concerns on items such as the adequacy of documentation and reasonableness of costs. The Company is in the process of reviewing the basis of the Form 1s and preparing a response letter as we work with our customer to resolve these questions. Based on our initial assessment, we believe a substantial portion of these items represent loss contingencies that we consider remote. We believe the remaining portion of these items represent loss contingencies that we consider reasonably possible; however, a reasonable estimate of loss or range of loss cannot be made at this time as we cannot reasonably estimate the ultimate outcome related to the issues raised in the Form 1s. | |||||||||||||
Foreign Contingencies | |||||||||||||
As discussed in Note 5, on January 22, 2014, a tax assessment from the Large Tax Office of the Afghanistan Ministry of Finance (“MOF”) was received, seeking $64.2 million in taxes and penalties specific to one of our business licenses in Afghanistan for periods between 2009 to 2012. We filed our initial appeal of the assessment with the MOF on February 19, 2014. On February 23, 2014 the MOF rejected our initial appeal, however, it does not change our position or strategy for addressing the MOF’s concerns with regards to these tax matters. The majority of this assessment was income tax related; however, $10.2 million of the assessed amount is non-income tax related and represents loss contingencies that we consider reasonably possible. A reasonable estimate of loss or range of loss cannot be made at this time as we cannot reasonably estimate the ultimate outcome related to the issues assessed. | |||||||||||||
Credit Risk | |||||||||||||
We are subject to concentrations of credit risk primarily by virtue of our accounts receivable. Departments and agencies of the U.S. federal government account for all but minor portions of our customer base, minimizing this credit risk. Furthermore, we continuously review all accounts receivable and recorded provisions for doubtful accounts. | |||||||||||||
Risk Management Liabilities and Reserves | |||||||||||||
We are insured for domestic workers' compensation liabilities and a significant portion of our employee medical costs. However, we bear risk for a portion of claims pursuant to the terms of the applicable insurance contracts. We account for these programs based on actuarial estimates of the amount of loss inherent in that period's claims, including losses for which claims have not been reported. These loss estimates rely on actuarial observations of ultimate loss experience for similar historical events. We limit our risk by purchasing stop-loss insurance policies for significant claims incurred for both domestic workers' compensation liabilities and medical costs. Our exposure under the stop-loss policies for domestic workers' compensation and medical costs is limited based on fixed dollar amounts. For domestic worker's compensation and employer's liability under state and federal law, the fixed-dollar amount of stop-loss coverage is $1.0 million per occurrence on most policies; but, $0.25 million on a California based policy. For medical costs, the fixed dollar amount of stop-loss coverage is from $0.25 million to $0.75 million for total costs per covered participant per calendar year. |
Equity
Equity | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Equity [Abstract] | ' | |||||||||||
Equity | ' | |||||||||||
Equity | ||||||||||||
At April 1, 2010 (inception), 100 common shares were issued and, as of December 31, 2013, 100 shares remain issued and outstanding as there have been no further issuances of common shares since that date. During the period from April 1, 2010 (inception) through December 31, 2010, our equity was impacted by a capital contribution of $550.9 million in connection with the merger entered into on July 7, 2010. | ||||||||||||
Share Based Payments | ||||||||||||
On December 17, 2013, certain members of management and outside directors were awarded Class B interests in DynCorp Management LLC (“DynCorp Management”). DynCorp Management LLC conducts no operations and was established for the purpose of holding equity in our Company. DynCorp Management LLC authorized 100,000 Class B shares as available for issuance and approved 7,246 Class B-1 Interests and 380 Class B-2 Interests to certain members of management and outside directors of Defco Holdings, Inc. (“Holdings”), the non-member manager, and its subsidiaries, including Delta Tucker Holdings, Inc. All of DynCorp International Inc.'s issued and outstanding common stock is owned by the Company, and all of the Company's issued and outstanding common stock is owned by our parent, Holdings. The grant and vesting of the awards is contingent upon the executives' consent to the terms and conditions set forth in the Class B-1 Interests and B-2 Interests Agreements. As of December 31, 2013 consents were received from members of management and outside directors with grants totaling 3,144 shares while the remaining consents were not received prior to year end therefore shares are not considered granted. | ||||||||||||
The Class B-1 Interests are subject to (i) time-based vesting in separate tranches based on the participants’ hire date (each such date a “Vesting Date”); (ii) acceleration of vesting in certain circumstances (such as in the event of a change in control or termination of the executive without cause); and (iii) continued employment of the executive by Holdings or its subsidiaries through the applicable vesting dates. | ||||||||||||
Class B-1 Interests held by participants hired in 2013 shall vest in 5 equal 20% installments on each of the grant dates of the Class B-1 Interests, July 15, 2014, July 15, 2015, July 15, 2016 and July 15, 2017. Class B-1 Interests Participants hired in 2012 shall vest with respect to 30% of the Class B-1 Interests on the grant date, an additional 20% on July 15, 2014, 20% on July 15, 2015 and with respect to the remaining Class B-1 Interests on July 15, 2016. Class B-1 Interests Participants hired in 2010 and 2011 shall vest with respect to 40% of the Class B-1 Interests as of the grant date, an additional 20% on July 15, 2014 and with respect to the remaining Class B-1 Interests on July 15, 2015. | ||||||||||||
A summary of the Class B Interest plans activity for the year ended December 31, 2013 is as follows: | ||||||||||||
Number of Shares | Weighted Average Grant Date Fair Value | Contractual Term (years) | ||||||||||
Outstanding at December 31, 2012 | — | $ | — | |||||||||
Granted: | ||||||||||||
Class B-1 | 2,764 | 591.16 | 5 | |||||||||
Class B-2 | 380 | 3.54 | 5 | |||||||||
Exercised | — | — | — | |||||||||
Forfeited or expired | — | — | — | — | ||||||||
Outstanding at December 31, 2013 | 3,144 | 594.7 | ||||||||||
The value of the Class B Interest as of the grant date is calculated using a Monte Carlo simulation consistent with the provisions of ASC Topic 718, “Compensation—Stock Compensation” and is amortized over the respective vesting period. The Monte Carlo simulation, similar to a Black-Scholes option pricing formula, requires the input of subjective assumptions, including the estimated life of the interest and the expected volatility of the underlying stock over the estimated life of the option. We use historical volatility of the market-based guideline companies as a basis for projecting the expected volatility of the underlying Class B interest and estimated the expected life of our Class B grants to be 4 years. | ||||||||||||
We believe that the valuation technique and the approach utilized to develop the underlying assumptions are appropriate in calculating the fair value of our Class B grants. | ||||||||||||
For the periods indicated, the weighted-average fair value of Class B interest and weighted-average assumptions used were as follows: | ||||||||||||
Year ended December 31, 2013 | ||||||||||||
Weighted-average fair value of options granted | 594.7 | |||||||||||
Weighted-average assumptions used: | ||||||||||||
Expected volatility | 33.5 | % | ||||||||||
Risk-free interest rate | 1.7 | % | ||||||||||
Expected dividend yield | 8 | % | ||||||||||
Expected life (in years) | 4 | |||||||||||
Forfeiture rate | 8 | % | ||||||||||
The total grant date fair value of all options granted during 2013 was $1.5 million. Total compensation cost expensed for the year ended December 31, 2013 was $0.5 million. | ||||||||||||
The following is a summary of the changes in non-vested shares for the year ended December 31, 2013. | ||||||||||||
Shares | Weighted Average Fair Value | |||||||||||
Non-vested shares at December 31, 2012 | — | $ | — | |||||||||
Granted | 3,144 | $ | 594.7 | |||||||||
Vested | (1,021 | ) | $ | 576.64 | ||||||||
Forfeited | — | $ | — | |||||||||
Non-vested shares at December 31, 2013 | 2,123 | $ | 603.37 | |||||||||
As of December 31, 2013, the total compensation cost related to the non-vested Class B awards, not yet recognized, was $1.0 million which will be recognized over a weighted average period of approximately 4 years. | ||||||||||||
Long-Term Incentive Bonus | ||||||||||||
On December 17, 2013 the Company approved a long-term cash incentive bonus for certain members of management and outside directors, where in the event of a change in control, subject to the various members of management continued employment with the Company through such a change in control and execution of a restrictive covenant agreement within fourteen days of receipt of such agreement, the various members of management shall be eligible to receive a cash incentive bonus. As of December 31, 2013 there was no impact to the financial statements as no triggering event had occurred. |
Fair_Value_of_Financial_Assets
Fair Value of Financial Assets and Liabilities | 12 Months Ended | ||||||||||||||
Dec. 31, 2013 | |||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||
Fair Value of Financial Assets and Liabilities | ' | ||||||||||||||
Fair Value of Financial Assets and Liabilities | |||||||||||||||
ASC 820 — Fair Value Measurements and Disclosures establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: | |||||||||||||||
• | Level 1, defined as observable inputs such as quoted prices in active markets; | ||||||||||||||
• | Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and | ||||||||||||||
• | Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. | ||||||||||||||
Fair Value of Financial Instruments | |||||||||||||||
Our financial instruments include cash and cash equivalents, accounts receivable, accounts payable, and borrowings. Because of the short-term nature of cash and cash equivalents, accounts receivable and accounts payable, the fair value of these instruments approximates the carrying value. Our estimate of the fair value of our long-term debt is based Level 1 and Level 2 inputs, as defined above. | |||||||||||||||
As of | |||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||
Carrying | Fair | Carrying | Fair | ||||||||||||
(Amounts in thousands) | Amount | Value | Amount | Value | |||||||||||
10.375% senior unsecured notes | $ | 455,000 | $ | 468,650 | $ | 455,000 | $ | 416,325 | |||||||
Term Loan | 277,272 | 278,658 | 327,272 | 328,908 | |||||||||||
9.5% senior subordinated notes | — | — | — | — | |||||||||||
Total long-term debt | $ | 732,272 | $ | 747,308 | $ | 782,272 | $ | 745,233 | |||||||
Segment_and_Geographic_Informa
Segment and Geographic Information | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||
Segment and Geographic Information | ' | ||||||||||||||||||||
Segment and Geographic Information | |||||||||||||||||||||
In April 2013, the Company's previous operating and reporting segments were re-aligned into three operating and reporting segments, DynAviation, DynLogistics and DynGlobal. Our reporting segments will continue to be the same as our operating segments. DynAviation and DynLogistics segments operate principally within a regulatory environment subject to governmental contracting and accounting requirements, including Federal Acquisition Regulations, Cost Accounting Standards and audits by various U.S. federal agencies. The initial focus of DynGlobal is on pursuit and growth of international and commercial business. The current revenue, operating (loss) / income, depreciation and amortization and assets associated with this segment for the year ended December 31, 2013 were not material and are presented in Headquarters/Other. | |||||||||||||||||||||
The following is a summary of the financial information of the reportable segments reconciled to the amounts reported in the consolidated financial statements: | |||||||||||||||||||||
For the years ended | |||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | 30-Dec-11 | |||||||||||||||||||
(Amounts in thousands) | |||||||||||||||||||||
Revenue | |||||||||||||||||||||
DynLogistics | $ | 1,920,715 | $ | 2,709,469 | $ | 2,610,448 | |||||||||||||||
DynAviation | 1,371,928 | 1,338,514 | 1,101,218 | ||||||||||||||||||
Headquarters / Other (1) | (5,459 | ) | (3,708 | ) | 7,486 | ||||||||||||||||
Total revenue | 3,287,184 | 4,044,275 | 3,719,152 | ||||||||||||||||||
Operating (loss) / income | |||||||||||||||||||||
DynLogistics | $ | 36,243 | $ | 48,941 | $ | 51,316 | |||||||||||||||
DynAviation | (194,866 | ) | 105,327 | 71,912 | |||||||||||||||||
Headquarters / Other (2) | (48,157 | ) | (58,385 | ) | (110,857 | ) | |||||||||||||||
Total operating (loss) / income | (206,780 | ) | 95,883 | 12,371 | |||||||||||||||||
Depreciation and amortization | |||||||||||||||||||||
DynLogistics | $ | 543 | $ | 1,043 | $ | 1,141 | |||||||||||||||
DynAviation | 1,628 | 685 | 672 | ||||||||||||||||||
Headquarters / Other | 48,108 | 50,086 | 50,681 | ||||||||||||||||||
Total depreciation and amortization (3) | 50,279 | 51,814 | 52,494 | ||||||||||||||||||
-1 | Represents revenue earned on shared services arrangements for general and administrative services provided to unconsolidated joint ventures and elimination of intercompany items between segments. Additionally, revenue for our DynGlobal segment during the year ended December 31, 2013 is currently included in Headquarter/Other. | ||||||||||||||||||||
-2 | Headquarters operating expenses primarily relate to amortization of intangible assets and other costs that are not allocated to segments and are not billable to our U.S. government customers. Additionally, operating income for our DynGlobal segment in support of the development of this business during the year ended is currently included in Headquarters/Other. | ||||||||||||||||||||
-3 | Includes amounts included in Cost of services of $1.7 million, $1.6 million and 1.7 million for the year ended December 31, 2013, December 31, 2012 and December 30, 2011, respectively. | ||||||||||||||||||||
As of | |||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | 30-Dec-11 | |||||||||||||||||||
(Amounts in thousands) | |||||||||||||||||||||
Assets | |||||||||||||||||||||
DynLogistics | $ | 591,304 | $ | 800,734 | $ | 1,075,775 | |||||||||||||||
DynAviation | 447,646 | 706,646 | 461,802 | ||||||||||||||||||
Headquarters / Other (1) | 460,971 | 463,336 | 476,844 | ||||||||||||||||||
Total assets | $ | 1,499,921 | $ | 1,970,716 | $ | 2,014,421 | |||||||||||||||
-1 | Assets primarily include cash, investments in unconsolidated subsidiaries, deferred tax liabilities, intangible assets (excluding goodwill) and deferred debt issuance costs. Additionally, assets for our DynGlobal segment, in support of the development of this business, during the year ended, is currently included in Headquarter/Other. | ||||||||||||||||||||
Geographic Information — Revenue by geography is determined based on the location of services provided. | |||||||||||||||||||||
For the years ended | |||||||||||||||||||||
December 31, 2013 | 31-Dec-12 | December 30, 2011 | |||||||||||||||||||
(Amounts in thousands) | |||||||||||||||||||||
United States | $ | 695,772 | 21 | % | $ | 635,293 | 16 | % | $ | 566,314 | 15 | % | |||||||||
Afghanistan | 1,845,234 | 56 | % | 2,436,714 | 60 | % | 2,095,156 | 56 | % | ||||||||||||
Middle East (1) | 534,861 | 16 | % | 730,372 | 18 | % | 784,258 | 21 | % | ||||||||||||
Other Americas | 87,759 | 3 | % | 106,160 | 3 | % | 96,326 | 3 | % | ||||||||||||
Europe | 52,365 | 2 | % | 51,209 | 1 | % | 97,062 | 3 | % | ||||||||||||
Asia-Pacific | 46,170 | 1 | % | 44,000 | 1 | % | 49,046 | 1 | % | ||||||||||||
Other | 25,023 | 1 | % | 40,527 | 1 | % | 30,990 | 1 | % | ||||||||||||
Total revenue | $ | 3,287,184 | 100 | % | $ | 4,044,275 | 100 | % | $ | 3,719,152 | 100 | % | |||||||||
-1 | The Middle East includes but is not limited to activities in Iraq, Oman, Qatar, United Arab Emirates, Kuwait, Palestine, Sudan, Pakistan, Jordan, Lebanon, Bahrain, Saudi Arabia, Turkey and Egypt. Substantially all assets owned by the Company were located in the U.S. as of December 31, 2013. | ||||||||||||||||||||
Revenue from the U.S. government accounted for approximately 96%, 97% and 97% of total revenue for the years ended December 31, 2013, December 31, 2012 and December 20, 2011, respectively. As of December 31, 2013 and December 31, 2012 accounts receivable due from the U.S. government represented over 92% and 93% of total accounts receivable, respectively. |
Related_Parties_Joint_Ventures
Related Parties, Joint Ventures and Variable Interest Entities | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Related Party Transactions [Abstract] | ' | |||||||||||
Related Parties, Joint Ventures and Variable Interest Entities | ' | |||||||||||
Related Parties, Joint Ventures and Variable Interest Entities | ||||||||||||
Consulting Fee | ||||||||||||
The Company has a Master Consulting and Advisory Services agreement ("COAC Agreement") with Cerberus Operations and Advisory Company, LLC, where, pursuant to the terms of the agreement, they make personnel available to us for the purpose of providing reasonably requested business advisory services. The services are priced on a case by case basis depending on the requirements of the project and agreements in pricing. We incurred $4.6 million, $3.3 million and $1.9 million of consulting fees in conjunction with the COAC Agreement during years ended December 31, 2013, December 31, 2012 and December 30, 2011, respectively. | ||||||||||||
Joint Ventures and Variable Interest Entities | ||||||||||||
Our most significant joint ventures and VIEs and our associated ownership percentages are listed as follows: | ||||||||||||
Partnership for Temporary Housing LLC ("PaTH") | 30 | % | ||||||||||
Contingency Response Services LLC ("CRS") | 45 | % | ||||||||||
Global Response Services LLC ("GRS") | 51 | % | ||||||||||
GLS | 51 | % | ||||||||||
DynCorp International FZ - LLC ("DIFZ") | 25 | % | ||||||||||
Babcock DynCorp Limited ("Babcock") | 44 | % | ||||||||||
We account for our investments in VIEs in accordance with ASC 810 - Consolidation. In cases where we have (i) the power to direct the activities of the VIE that most significantly impact its economic performance and (ii) the obligation to absorb losses of the VIE that could potentially be significant or the right to receive benefits from the entity that could potentially be significant to the VIE, we consolidate the entity. Alternatively, in cases where all of the aforementioned criteria are not met, the investment is accounted for under the equity method. As of December 31, 2013, we accounted for PaTH, CRS, Babcock, GRS and GLS as equity method investments. Alternatively, we consolidated DIFZ based on the aforementioned criteria. We present our share of the PaTH, CRS, GRS and GLS earnings in Earnings from equity method investees as these joint ventures are considered operationally integral. Alternatively, we present our share of the Babcock earnings in Other income, net as it is not considered operationally integral. | ||||||||||||
PaTH is a joint venture formed in May 2006 with two other partners for the purpose of procuring government contracts with the Federal Emergency Management Authority. On January 18, 2013, we executed an agreement with the two other partners to reduce our ownership percentage in the PaTH joint venture to 30%. The executed agreement stipulated the ownership percentage be reduced retrospectively, effective September 1, 2012. | ||||||||||||
CRS is a joint venture formed in March 2006 with two other partners for the purpose of procuring government contracts with the U.S. Navy. | ||||||||||||
The GRS joint venture was formed in August 2010 with one partner for the purpose of procuring government contracts with the U.S. Navy. During the year ended December 30, 2011, this joint venture was selected as one of four contractors for an IDIQ multiple award contract. | ||||||||||||
GLS is a joint venture formed in August 2006 between DynCorp International LLC and AECOM's National Security Programs unit for the purpose of procuring government contracts with the U.S. Army. We incur costs on behalf of GLS related to the normal operations of the venture. However, these costs typically support revenue billable to our customer. | ||||||||||||
We own 25% of DIFZ but exercise power over activities that significantly impact DIFZ's economic performance. On March 15, 2012, we entered into a non-cash dividend distribution transaction with Cerberus Series Four Holdings, LLC and Cerberus Partners II, L.P., in which we distributed half of our 50% ownership in DIFZ. The distribution was recognized as an increase in Noncontrolling interests and a reduction to Additional-paid-in-capital, given our Accumulated deficit position. We incur significant costs on behalf of DIFZ related to our normal operations. The vast majority of these costs are considered direct contract costs and thus billable on several of our contracts supported by DIFZ services. | ||||||||||||
Babcock is a joint venture formed in January 2005 and currently provides services to the British Ministry of Defence. The economic rights in the Babcock joint venture are not consider operationally integral to the Company. | ||||||||||||
Receivables due from our unconsolidated joint ventures totaled $2.3 million and $1.2 million as of December 31, 2013, December 31, 2012, respectively. These receivables are a result of items purchased and services rendered by us on behalf of our unconsolidated joint ventures. We have assessed these receivables as having minimal collection risk based on our historic experience with these joint ventures and our inherent influence through our ownership interest. The related revenue we earned from our unconsolidated joint ventures totaled $8.6 million, $4.2 million, and $12.3 million for the years ended December 31, 2013, December 31, 2012 and December 30, 2011, respectively. Additionally, we earned $3.7 million, $4.8 million, and $17.4 million in equity method income (includes operationally integral and non-integral income) for the years ended December 31, 2013, December 31, 2012 and December 30, 2011, respectively. | ||||||||||||
GLS’ revenue was $21.8 million, $61.1 million and $359.6 million for the years ended December 31, 2013, December 31, 2012 and December 30, 2011, respectively. GLS’ incurred an operating and net loss of $3.6 million for the year ended December 31, 2013 as compared to operating and net income of $3.3 million and $26.7 million for the years ended December 31, 2012 and December 30, 2011, respectively. GLS paid cash dividends of $6.0 million during the year ended December 31, 2013. Based on our 51% ownership in GLS, the Company recognized $3.1 million in equity method income during the year ended December 31, 2013. | ||||||||||||
In October 2011, the DCAA issued GLS a Form 1 in the amount of $95.9 million which pertained to inconsistencies of certain contractual requirements and withheld a portion of outstanding invoices until the Form 1 was resolved. In February 2012, the DCAA issued GLS a second Form 1 in the amount of $102.0 million, asserting inconsistencies with labor related costs for the fiscal year ended April 3, 2009. GLS did not agree with the DCAA's findings on either of the Form 1s and continued to work with the DCAA and the customer to provide clarification and resolve both matters. In February of 2014, final determination was received from the DCAA's Contracting Officer on the outstanding Form 1s resulting in total withholds of $0.3 million and allowing GLS to submit invoices totaling $19.1 million for recovery of previous invoices. The Form1s are now considered closed. | ||||||||||||
We currently hold one promissory note from Palm Trading Investment Corp, which had an aggregate initial value of $9.2 million. The note is included in (i) Prepaid expenses and other current assets and in (ii) Other assets on our consolidated balance sheet for the short and long-term portions, respectively. The loan balance outstanding was $3.5 million and $5.3 million as of December 31, 2013 and December 31, 2012, respectively, reflecting the initial value plus accrued interest, less payments against the promissory note. The fair value of the note receivable is not materially different from its carrying value. | ||||||||||||
As discussed above and in accordance with ASC 810 - Consolidation, we consolidate DIFZ. The following tables present selected financial information for DIFZ as of December 31, 2013 and December 31, 2012 and for the years ended December 31, 2013, December 31, 2012 and December 30, 2011: | ||||||||||||
As of | ||||||||||||
(Amounts in millions) | 31-Dec-13 | 31-Dec-12 | ||||||||||
Assets | $ | 25.9 | $ | 32.7 | ||||||||
Liabilities | 22.2 | 25.9 | ||||||||||
For the years ended | ||||||||||||
(Amounts in millions) | 31-Dec-13 | 31-Dec-12 | 30-Dec-11 | |||||||||
Revenue | $ | 414.4 | $ | 510.1 | $ | 476.3 | ||||||
The following tables present selected financial information for our equity method investees as of December 31, 2013 and December 31, 2012 and for the years ended December 31, 2013, December 31, 2012 and December 30, 2011: | ||||||||||||
As of | ||||||||||||
(Amounts in millions) | 31-Dec-13 | 31-Dec-12 | ||||||||||
Current assets | $ | 86.3 | $ | 115 | ||||||||
Total assets | 86.3 | 115.1 | ||||||||||
Current liabilities | 46.4 | 59.9 | ||||||||||
Total liabilities | 44.5 | 60.4 | ||||||||||
For the years ended | ||||||||||||
(Amounts in millions) | 31-Dec-13 | 31-Dec-12 | 30-Dec-11 | |||||||||
Revenue | $ | 32.9 | $ | 234.5 | $ | 556.4 | ||||||
Gross profit | 2.5 | 17.1 | 46.4 | |||||||||
Net income | 0.5 | 13.4 | 35.7 | |||||||||
Many of our joint ventures and VIEs only perform on a single contract. The modification or termination of a contract under a joint venture or VIE could trigger an impairment in the fair value of our investment in these entities. In the aggregate, our maximum exposure to losses as a result of our investment consists of our (i) $13.5 million investment in unconsolidated subsidiaries, (ii) $2.3 million in receivables from our unconsolidated joint ventures, (iii) $3.5 million of notes receivable from Palm Trading Investment Corp, and (iv) contingent liabilities that were neither probable nor reasonably estimable as of December 31, 2013. |
Collaborative_Arrangements
Collaborative Arrangements | 12 Months Ended |
Dec. 31, 2013 | |
Collaborative Arrangements [Abstract] | ' |
Collaborative Arrangements | ' |
Collaborative Arrangements | |
We participate in a collaborative arrangement with CH2M Hill on the Logistics Civil Augmentation Program IV ("LOGCAP IV") program. The arrangement sets forth the sharing of some of the risks and rewards associated with this U.S. government contract. Our current share of profits of the LOGCAP IV program is 70%. | |
We account for this collaborative arrangement under ASC 808 — Collaborative Arrangements and record revenue gross as the prime contractor. The cash inflows and outflows, as well as expenses incurred, are recorded in Cost of services in the period realized. Revenue on LOGCAP IV was $1,210.4 million, $1,771.9 million, and $1,594.2 million for the years ended December 31, 2013, December 31, 2012 and December 30, 2011, respectively. Cost of services on LOGCAP IV was $1,120.5 million, $1,652.2 million, and $1,506.4 million for the years ended December 31, 2013, December 31, 2012 and December 30, 2011, respectively. Our share of the total LOGCAP IV profits was $37.0 million, $64.1 million, and $27.1 million for the years ended December 31, 2013, December 31, 2012 and December 30, 2011, respectively. |
Consolidating_Financial_Statem
Consolidating Financial Statements of Subsidiary Guarantors | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | |||||||||||||||||||||||
Consolidating Financial Statements of Subsidiary Guarantors | ' | |||||||||||||||||||||||
Consolidating Financial Statements of Subsidiary Guarantors | ||||||||||||||||||||||||
The Senior Unsecured Notes issued by DynCorp International Inc. ("Subsidiary Issuer") and the Senior Credit Facility are fully and unconditionally guaranteed, jointly and severally, by the Company ("Parent") and all of the domestic subsidiaries of Subsidiary Issuer: DynCorp International LLC, DTS Aviation Services LLC, DynCorp Aerospace Operations, LLC, DynCorp International Services LLC, DIV Capital Corporation, Dyn Marine Services of Virginia LLC, Services International LLC, Worldwide Humanitarian Services LLC, Worldwide Recruiting and Staffing Services LLC, Heliworks LLC, Global Aviation Consultancy Services, LLC, Phoenix Consulting Group LLC and Casals and Associates Inc. ("Subsidiary Guarantors"). Each of the Subsidiary Issuer and the Subsidiary Guarantors is 100% owned by the Company. Under the indenture governing the Senior Unsecured Notes, a guarantee of a Subsidiary Guarantor will terminate upon the following customary circumstances: (i) the sale of the capital stock of such Subsidiary Guarantor if such sale complies with the indenture; (ii) the designation of such Subsidiary Guarantor as an unrestricted subsidiary; (iii) if such Subsidiary Guarantor no longer guarantees certain other indebtedness of the Subsidiary Issuer or (iv) the defeasance or discharge of the indenture. | ||||||||||||||||||||||||
The following condensed consolidating financial statements present (i) condensed consolidating balance sheets as of December 31, 2013 and December 31, 2012 (ii) the condensed consolidating statement of operations and comprehensive income for the years ended December 31, 2013, December 31, 2012 and December 30, 2011, (iii) condensed consolidating statements of cash flows for the years ended December 31, 2013, December 31, 2012 and December 30, 2011 and (iv) elimination entries necessary to consolidate Parent and its subsidiaries. | ||||||||||||||||||||||||
The Parent company, the Subsidiary Issuer, the combined Subsidiary Guarantors and the combined subsidiary non-guarantors account for their investments in subsidiaries using the equity method of accounting; therefore, the Parent column reflects the equity income of the subsidiary and its subsidiary guarantors, and subsidiary non-guarantors. Additionally, the Subsidiary Guarantors’ column reflects the equity income of its subsidiary non-guarantors. | ||||||||||||||||||||||||
DynCorp International, Inc. is considered the Subsidiary Issuer as it issued the Senior Unsecured Notes. | ||||||||||||||||||||||||
Delta Tucker Holdings, Inc. and Subsidiaries | ||||||||||||||||||||||||
Condensed Consolidating Statement of Operations Information | ||||||||||||||||||||||||
For the year ended December 31, 2013 | ||||||||||||||||||||||||
(Amounts in thousands) | Parent | Subsidiary | Subsidiary | Subsidiary | Eliminations | Consolidated | ||||||||||||||||||
Issuer | Guarantors | Non- | ||||||||||||||||||||||
Guarantors | ||||||||||||||||||||||||
Revenue | $ | — | $ | — | $ | 3,298,767 | $ | 445,144 | $ | (456,727 | ) | $ | 3,287,184 | |||||||||||
Cost of services | — | — | (3,006,723 | ) | (437,375 | ) | 456,845 | (2,987,253 | ) | |||||||||||||||
Selling, general and administrative expenses | — | — | (148,962 | ) | (845 | ) | (118 | ) | (149,925 | ) | ||||||||||||||
Depreciation and amortization expense | — | — | (48,028 | ) | (600 | ) | — | (48,628 | ) | |||||||||||||||
Earnings from equity method investees | — | — | 1,510 | 3,060 | — | 4,570 | ||||||||||||||||||
Impairment of goodwill, intangibles and long lived assets | — | — | (312,728 | ) | — | — | (312,728 | ) | ||||||||||||||||
Operating (loss) income | — | — | (216,164 | ) | 9,384 | — | (206,780 | ) | ||||||||||||||||
Interest expense | — | (75,001 | ) | (3,825 | ) | — | — | (78,826 | ) | |||||||||||||||
Loss on early extinguishment of debt | — | (703 | ) | — | — | — | (703 | ) | ||||||||||||||||
Interest income | — | — | 130 | 27 | — | 157 | ||||||||||||||||||
Equity in (loss) income of consolidated subsidiaries | (253,736 | ) | (204,678 | ) | 5,097 | — | 453,317 | — | ||||||||||||||||
Other (loss) income, net | — | — | (998 | ) | 188 | — | (810 | ) | ||||||||||||||||
(Loss) income before income taxes | (253,736 | ) | (280,382 | ) | (215,760 | ) | 9,599 | 453,317 | (286,962 | ) | ||||||||||||||
Benefit (provision) for income taxes | — | 26,646 | 11,082 | (267 | ) | — | 37,461 | |||||||||||||||||
Net (loss) income | (253,736 | ) | (253,736 | ) | (204,678 | ) | 9,332 | 453,317 | (249,501 | ) | ||||||||||||||
Noncontrolling interest | — | — | — | (4,235 | ) | — | (4,235 | ) | ||||||||||||||||
Net (loss) income attributable to Delta Tucker Holdings, Inc. | $ | (253,736 | ) | $ | (253,736 | ) | $ | (204,678 | ) | $ | 5,097 | $ | 453,317 | $ | (253,736 | ) | ||||||||
Delta Tucker Holdings, Inc. and Subsidiaries | ||||||||||||||||||||||||
Condensed Consolidating Statement of Operations Information | ||||||||||||||||||||||||
For the year ended December 31, 2012 | ||||||||||||||||||||||||
(Amounts in thousands) | Parent | Subsidiary | Subsidiary | Subsidiary | Eliminations | Consolidated | ||||||||||||||||||
Issuer | Guarantors | Non- | ||||||||||||||||||||||
Guarantors | ||||||||||||||||||||||||
Revenue | $ | — | $ | — | $ | 4,077,449 | $ | 538,118 | $ | (571,292 | ) | $ | 4,044,275 | |||||||||||
Cost of services | — | — | (3,743,400 | ) | (514,653 | ) | 559,121 | (3,698,932 | ) | |||||||||||||||
Selling, general and administrative expenses | — | — | (149,236 | ) | (12,297 | ) | 12,171 | (149,362 | ) | |||||||||||||||
Depreciation and amortization expense | — | — | (49,658 | ) | (602 | ) | — | (50,260 | ) | |||||||||||||||
Earnings from equity method investees | — | — | 825 | — | — | 825 | ||||||||||||||||||
Impairment of goodwill | — | — | (44,594 | ) | — | — | (44,594 | ) | ||||||||||||||||
Impairment of intangibles | — | — | (6,069 | ) | — | — | (6,069 | ) | ||||||||||||||||
Operating income | — | — | 85,317 | 10,566 | — | 95,883 | ||||||||||||||||||
Interest expense | — | (80,078 | ) | (6,194 | ) | — | — | (86,272 | ) | |||||||||||||||
Loss on early extinguishment of debt | — | (2,094 | ) | — | — | — | (2,094 | ) | ||||||||||||||||
Interest income | — | — | 108 | 9 | — | 117 | ||||||||||||||||||
Equity in (loss) income of consolidated subsidiaries | (8,937 | ) | (16,604 | ) | 4,050 | — | 21,491 | — | ||||||||||||||||
Other income (loss), net | — | — | 4,814 | (142 | ) | — | 4,672 | |||||||||||||||||
(Loss) income before income taxes | (8,937 | ) | (98,776 | ) | 88,095 | 10,433 | 21,491 | 12,306 | ||||||||||||||||
Benefit (provision) for income taxes | — | 89,839 | (104,699 | ) | (738 | ) | — | (15,598 | ) | |||||||||||||||
Net (loss) income | (8,937 | ) | (8,937 | ) | (16,604 | ) | 9,695 | 21,491 | (3,292 | ) | ||||||||||||||
Noncontrolling interest | — | — | — | (5,645 | ) | — | (5,645 | ) | ||||||||||||||||
Net (loss) income attributable to Delta Tucker Holdings, Inc. | $ | (8,937 | ) | $ | (8,937 | ) | $ | (16,604 | ) | $ | 4,050 | $ | 21,491 | $ | (8,937 | ) | ||||||||
Delta Tucker Holdings, Inc. and Subsidiaries | ||||||||||||||||||||||||
Condensed Consolidating Statement of Operations Information | ||||||||||||||||||||||||
For the year ended December 30, 2011 | ||||||||||||||||||||||||
(Amounts in thousands) | Parent | Subsidiary | Subsidiary | Subsidiary | Eliminations | Consolidated | ||||||||||||||||||
Issuer | Guarantors | Non- | ||||||||||||||||||||||
Guarantors | ||||||||||||||||||||||||
Revenue | $ | — | $ | — | $ | 3,739,576 | $ | 515,659 | $ | (536,083 | ) | $ | 3,719,152 | |||||||||||
Cost of services | — | — | (3,437,997 | ) | (494,098 | ) | 523,253 | (3,408,842 | ) | |||||||||||||||
Selling, general and administrative expenses | — | — | (148,874 | ) | (13,507 | ) | 12,830 | (149,551 | ) | |||||||||||||||
Depreciation and amortization expense | — | — | (50,142 | ) | (631 | ) | — | (50,773 | ) | |||||||||||||||
Earnings from equity method investees | — | — | 12,800 | — | — | 12,800 | ||||||||||||||||||
Impairment of equity method investment | — | — | (76,647 | ) | — | — | (76,647 | ) | ||||||||||||||||
Impairment of goodwill | — | — | (33,768 | ) | — | — | (33,768 | ) | ||||||||||||||||
Operating income | — | — | 4,948 | 7,423 | — | 12,371 | ||||||||||||||||||
Interest expense | — | (88,546 | ) | (3,206 | ) | — | — | (91,752 | ) | |||||||||||||||
Loss on early extinguishment of debt | — | (7,267 | ) | — | — | — | (7,267 | ) | ||||||||||||||||
Interest income | — | — | 203 | 2 | — | 205 | ||||||||||||||||||
Equity in (loss) income of consolidated subsidiaries | (62,056 | ) | 9,181 | 4,174 | — | 48,701 | — | |||||||||||||||||
Other income, net | — | — | 6,032 | 39 | — | 6,071 | ||||||||||||||||||
(Loss) income before income taxes | (62,056 | ) | (86,632 | ) | 12,151 | 7,464 | 48,701 | (80,372 | ) | |||||||||||||||
Benefit (provision) for income taxes | — | 24,576 | (2,970 | ) | (665 | ) | — | 20,941 | ||||||||||||||||
Net (loss) income | (62,056 | ) | (62,056 | ) | 9,181 | 6,799 | 48,701 | (59,431 | ) | |||||||||||||||
Noncontrolling interest | — | — | — | (2,625 | ) | — | (2,625 | ) | ||||||||||||||||
Net (loss) income attributable to Delta Tucker Holdings, Inc. | $ | (62,056 | ) | $ | (62,056 | ) | $ | 9,181 | $ | 4,174 | $ | 48,701 | $ | (62,056 | ) | |||||||||
Delta Tucker Holdings, Inc. and Subsidiaries | ||||||||||||||||||||||||
Condensed Consolidating Statement of Comprehensive Income | ||||||||||||||||||||||||
For the year ended December 31, 2013 | ||||||||||||||||||||||||
(Amounts in thousands) | Parent | Subsidiary Issuer | Subsidiary Guarantors | Subsidiary Non-Guarantors | Eliminations | Consolidated | ||||||||||||||||||
Net (loss) income | $ | (253,736 | ) | $ | (253,736 | ) | $ | (204,678 | ) | $ | 9,332 | $ | 453,317 | $ | (249,501 | ) | ||||||||
Other comprehensive income: | ||||||||||||||||||||||||
Currency translation adjustment | (437 | ) | (437 | ) | (242 | ) | (195 | ) | 874 | (437 | ) | |||||||||||||
Other comprehensive income, before tax | (437 | ) | (437 | ) | (242 | ) | (195 | ) | 874 | (437 | ) | |||||||||||||
Income tax expense related to items of other comprehensive income | 157 | 157 | 86 | 70 | (313 | ) | 157 | |||||||||||||||||
Other comprehensive income | (280 | ) | (280 | ) | (156 | ) | (125 | ) | 561 | (280 | ) | |||||||||||||
Comprehensive (loss) income | (254,016 | ) | (254,016 | ) | (204,834 | ) | 9,207 | 453,878 | (249,781 | ) | ||||||||||||||
Noncontrolling interest | — | — | — | (4,235 | ) | — | (4,235 | ) | ||||||||||||||||
Comprehensive (loss) income attributable to Delta Tucker Holdings, Inc. | $ | (254,016 | ) | $ | (254,016 | ) | $ | (204,834 | ) | $ | 4,972 | $ | 453,878 | $ | (254,016 | ) | ||||||||
Delta Tucker Holdings, Inc. and Subsidiaries | ||||||||||||||||||||||||
Condensed Consolidating Statement of Comprehensive Income | ||||||||||||||||||||||||
For the year ended December 31, 2012 | ||||||||||||||||||||||||
(Amounts in thousands) | Parent | Subsidiary Issuer | Subsidiary Guarantors | Subsidiary Non-Guarantors | Eliminations | Consolidated | ||||||||||||||||||
Net (loss) income | $ | (8,937 | ) | $ | (8,937 | ) | $ | (16,604 | ) | $ | 9,695 | $ | 21,491 | $ | (3,292 | ) | ||||||||
Other comprehensive income: | ||||||||||||||||||||||||
Currency translation adjustment | 225 | 225 | 123 | 102 | (450 | ) | 225 | |||||||||||||||||
Other comprehensive income, before tax | 225 | 225 | 123 | 102 | (450 | ) | 225 | |||||||||||||||||
Income tax expense related to items of other comprehensive income | (83 | ) | (83 | ) | (45 | ) | (38 | ) | 166 | (83 | ) | |||||||||||||
Other comprehensive income | 142 | 142 | 78 | 64 | (284 | ) | 142 | |||||||||||||||||
Comprehensive (loss) income | (8,795 | ) | (8,795 | ) | (16,526 | ) | 9,759 | 21,207 | (3,150 | ) | ||||||||||||||
Noncontrolling interest | — | — | — | (5,645 | ) | — | (5,645 | ) | ||||||||||||||||
Comprehensive (loss) income attributable to Delta Tucker Holdings, Inc. | $ | (8,795 | ) | $ | (8,795 | ) | $ | (16,526 | ) | $ | 4,114 | $ | 21,207 | $ | (8,795 | ) | ||||||||
Delta Tucker Holdings, Inc. and Subsidiaries | ||||||||||||||||||||||||
Condensed Consolidating Statement of Comprehensive Income | ||||||||||||||||||||||||
For the year ended December 30, 2011 | ||||||||||||||||||||||||
(Amounts in thousands) | Parent | Subsidiary Issuer | Subsidiary Guarantors | Subsidiary Non-Guarantors | Eliminations | Consolidated | ||||||||||||||||||
Net (loss) income | $ | (62,056 | ) | $ | (62,056 | ) | $ | 9,181 | $ | 6,799 | $ | 48,701 | $ | (59,431 | ) | |||||||||
Other comprehensive income: | ||||||||||||||||||||||||
Currency translation adjustment | (312 | ) | (312 | ) | (187 | ) | (125 | ) | 624 | (312 | ) | |||||||||||||
Other comprehensive income, before tax | (312 | ) | (312 | ) | (187 | ) | (125 | ) | 624 | (312 | ) | |||||||||||||
Income tax expense related to items of other comprehensive income | 111 | 111 | 67 | 44 | (222 | ) | 111 | |||||||||||||||||
Other comprehensive loss | (201 | ) | (201 | ) | (120 | ) | (81 | ) | 402 | (201 | ) | |||||||||||||
Comprehensive (loss) income | (62,257 | ) | (62,257 | ) | 9,061 | 6,718 | 49,103 | (59,632 | ) | |||||||||||||||
Noncontrolling interest | — | — | — | (2,625 | ) | — | (2,625 | ) | ||||||||||||||||
Comprehensive (loss) income attributable to Delta Tucker Holdings, Inc. | $ | (62,257 | ) | $ | (62,257 | ) | $ | 9,061 | $ | 4,093 | $ | 49,103 | $ | (62,257 | ) | |||||||||
Delta Tucker Holdings, Inc. and Subsidiaries | ||||||||||||||||||||||||
Condensed Consolidating Balance Sheet Information | ||||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||
(Amounts in thousands) | Parent | Subsidiary | Subsidiary | Subsidiary | Eliminations | Consolidated | ||||||||||||||||||
Issuer | Guarantors | Non- | ||||||||||||||||||||||
Guarantors | ||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||
Current assets: | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | 144,025 | $ | 26,820 | $ | — | $ | 170,845 | ||||||||||||
Restricted cash | — | — | 1,659 | — | — | 1,659 | ||||||||||||||||||
Accounts receivable, net | — | — | 596,901 | 1,990 | (21,755 | ) | 577,136 | |||||||||||||||||
Intercompany receivables | — | — | 173,987 | 7,857 | (181,844 | ) | — | |||||||||||||||||
Prepaid expenses and other current assets | — | — | 123,761 | 456 | 293 | 124,510 | ||||||||||||||||||
Total current assets | — | — | 1,040,333 | 37,123 | (203,306 | ) | 874,150 | |||||||||||||||||
Property and equipment, net | — | — | 23,797 | 323 | — | 24,120 | ||||||||||||||||||
Goodwill | — | — | 261,367 | 32,400 | — | 293,767 | ||||||||||||||||||
Tradenames, net | — | — | 43,464 | — | — | 43,464 | ||||||||||||||||||
Other intangibles, net | — | — | 224,152 | 1,087 | — | 225,239 | ||||||||||||||||||
Investment in subsidiaries | 228,870 | 1,095,853 | 45,383 | — | (1,370,106 | ) | — | |||||||||||||||||
Other assets, net | 891 | 17,525 | 20,765 | — | — | 39,181 | ||||||||||||||||||
Total assets | $ | 229,761 | $ | 1,113,378 | $ | 1,659,261 | $ | 70,933 | $ | (1,573,412 | ) | $ | 1,499,921 | |||||||||||
LIABILITIES & EQUITY | ||||||||||||||||||||||||
Current liabilities: | ||||||||||||||||||||||||
Current portion of long-term debt | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||
Accounts payable | — | — | 192,456 | 2,243 | (1,553 | ) | 193,146 | |||||||||||||||||
Accrued payroll and employee costs | — | — | 111,547 | 22,770 | (19,983 | ) | 114,334 | |||||||||||||||||
Intercompany payables | 45,976 | 128,011 | 7,857 | — | (181,844 | ) | — | |||||||||||||||||
Deferred income taxes | — | — | 30,960 | 5 | — | 30,965 | ||||||||||||||||||
Other accrued liabilities | — | 24,225 | 175,796 | 438 | 74 | 200,533 | ||||||||||||||||||
Income taxes payable | — | — | 13,926 | 94 | — | 14,020 | ||||||||||||||||||
Total current liabilities | 45,976 | 152,236 | 532,542 | 25,550 | (203,306 | ) | 552,998 | |||||||||||||||||
Long-term debt, less current portion | — | 732,272 | — | — | — | 732,272 | ||||||||||||||||||
Long-term deferred taxes | — | — | 17,359 | — | — | 17,359 | ||||||||||||||||||
Other long-term liabilities | — | — | 7,632 | — | — | 7,632 | ||||||||||||||||||
Noncontrolling interests | — | — | 5,875 | — | — | 5,875 | ||||||||||||||||||
Equity | 183,785 | 228,870 | 1,095,853 | 45,383 | (1,370,106 | ) | 183,785 | |||||||||||||||||
Total liabilities and equity | $ | 229,761 | $ | 1,113,378 | $ | 1,659,261 | $ | 70,933 | $ | (1,573,412 | ) | $ | 1,499,921 | |||||||||||
Delta Tucker Holdings, Inc. and Subsidiaries | ||||||||||||||||||||||||
Condensed Consolidating Balance Sheet Information | ||||||||||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||||
(Amounts in thousands) | Parent | Subsidiary | Subsidiary | Subsidiary | Eliminations | Consolidated | ||||||||||||||||||
Issuer | Guarantors | Non- | ||||||||||||||||||||||
Guarantors | ||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||
Current assets: | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | 74,907 | $ | 43,868 | $ | — | $ | 118,775 | ||||||||||||
Restricted cash | — | — | 1,659 | — | — | 1,659 | ||||||||||||||||||
Accounts receivable, net | — | — | 781,649 | 2,548 | (3,584 | ) | 780,613 | |||||||||||||||||
Intercompany receivables | — | — | 164,048 | — | (164,048 | ) | — | |||||||||||||||||
Prepaid expenses and other current assets | — | — | 75,874 | 2,485 | 864 | 79,223 | ||||||||||||||||||
Total current assets | — | — | 1,098,137 | 48,901 | (166,768 | ) | 980,270 | |||||||||||||||||
Property and equipment, net | — | — | 25,494 | 713 | — | 26,207 | ||||||||||||||||||
Goodwill | — | — | 571,653 | 32,399 | — | 604,052 | ||||||||||||||||||
Tradenames, net | — | — | 43,643 | — | — | 43,643 | ||||||||||||||||||
Other intangibles, net | — | — | 265,014 | 1,520 | — | 266,534 | ||||||||||||||||||
Investment in subsidiaries | 482,627 | 1,373,820 | 42,749 | — | (1,899,196 | ) | — | |||||||||||||||||
Other assets, net | 1,353 | 22,911 | 25,746 | — | — | 50,010 | ||||||||||||||||||
Total assets | $ | 483,980 | $ | 1,396,731 | $ | 2,072,436 | $ | 83,533 | $ | (2,065,964 | ) | $ | 1,970,716 | |||||||||||
LIABILITIES & EQUITY | ||||||||||||||||||||||||
Current liabilities: | ||||||||||||||||||||||||
Current portion of long-term debt | $ | — | $ | — | $ | 637 | $ | — | $ | — | $ | 637 | ||||||||||||
Accounts payable | — | — | 284,616 | 2,944 | (210 | ) | 287,350 | |||||||||||||||||
Accrued payroll and employee costs | — | — | 126,122 | 26,538 | (24,849 | ) | 127,811 | |||||||||||||||||
Intercompany payables | 46,438 | 107,414 | — | 10,196 | (164,048 | ) | — | |||||||||||||||||
Deferred income taxes | — | — | 59,027 | 5 | — | 59,032 | ||||||||||||||||||
Other accrued liabilities | — | 24,418 | 154,939 | 767 | 22,339 | 202,463 | ||||||||||||||||||
Income taxes payable | — | — | 3,737 | 334 | — | 4,071 | ||||||||||||||||||
Total current liabilities | 46,438 | 131,832 | 629,078 | 40,784 | (166,768 | ) | 681,364 | |||||||||||||||||
Long-term debt, less current portion | — | 782,272 | — | — | — | 782,272 | ||||||||||||||||||
Long-term deferred taxes | — | — | 50,303 | — | — | 50,303 | ||||||||||||||||||
Other long-term liabilities | — | — | 11,023 | — | — | 11,023 | ||||||||||||||||||
Noncontrolling interests | — | — | 8,212 | — | — | 8,212 | ||||||||||||||||||
Equity | 437,542 | 482,627 | 1,373,820 | 42,749 | (1,899,196 | ) | 437,542 | |||||||||||||||||
Total liabilities and equity | $ | 483,980 | $ | 1,396,731 | $ | 2,072,436 | $ | 83,533 | $ | (2,065,964 | ) | $ | 1,970,716 | |||||||||||
Delta Tucker Holdings, Inc. and Subsidiaries | ||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flow Information | ||||||||||||||||||||||||
For the year ended December 31, 2013 | ||||||||||||||||||||||||
(Amounts in thousands) | Parent | Subsidiary | Subsidiary | Subsidiary | Eliminations | Consolidated | ||||||||||||||||||
Issuer | Guarantors | Non- | ||||||||||||||||||||||
Guarantors | ||||||||||||||||||||||||
Net cash provided by (used in) operating activities | $ | 461 | $ | 30,040 | $ | 101,590 | $ | 9,793 | $ | (4,382 | ) | $ | 137,502 | |||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||
Purchase of property and equipment, net | — | — | (7,604 | ) | (24 | ) | — | (7,628 | ) | |||||||||||||||
Proceeds from sale of property and equipment | — | — | 182 | — | — | 182 | ||||||||||||||||||
Purchase of software | — | — | (2,718 | ) | — | — | (2,718 | ) | ||||||||||||||||
Return of capital from equity method investees | — | — | 2,223 | — | — | 2,223 | ||||||||||||||||||
Contributions to equity method investees | — | — | (30 | ) | — | — | (30 | ) | ||||||||||||||||
Net cash used in investing activities | — | — | (7,947 | ) | (24 | ) | — | (7,971 | ) | |||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||
Borrowings on long-term debt | — | 745,900 | — | — | — | 745,900 | ||||||||||||||||||
Payments on long-term debt | — | (796,537 | ) | — | — | — | (796,537 | ) | ||||||||||||||||
Payments of deferred financing cost | — | — | (2,139 | ) | — | — | (2,139 | ) | ||||||||||||||||
Borrowings related to financed insurance | — | — | 9,431 | — | — | 9,431 | ||||||||||||||||||
Payments related to financed insurance | — | — | (29,734 | ) | — | — | (29,734 | ) | ||||||||||||||||
Payments of dividends to Parent | — | — | — | (8,764 | ) | 4,382 | (4,382 | ) | ||||||||||||||||
Transfers (to) from affiliates | (461 | ) | 20,597 | (2,083 | ) | (18,053 | ) | — | — | |||||||||||||||
Net cash (used in) provided by financing activities | (461 | ) | (30,040 | ) | (24,525 | ) | (26,817 | ) | 4,382 | (77,461 | ) | |||||||||||||
Net increase in cash and cash equivalents | — | — | 69,118 | (17,048 | ) | — | 52,070 | |||||||||||||||||
Cash and cash equivalents, beginning of period | — | — | 74,907 | 43,868 | — | 118,775 | ||||||||||||||||||
Cash and cash equivalents, end of period | $ | — | $ | — | $ | 144,025 | $ | 26,820 | $ | — | $ | 170,845 | ||||||||||||
Delta Tucker Holdings, Inc. and Subsidiaries | ||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flow Information | ||||||||||||||||||||||||
For the year ended December 31, 2012 | ||||||||||||||||||||||||
(Amounts in thousands) | Parent | Subsidiary | Subsidiary | Subsidiary | Eliminations | Consolidated | ||||||||||||||||||
Issuer | Guarantors | Non- | ||||||||||||||||||||||
Guarantors | ||||||||||||||||||||||||
Net cash provided by (used in) operating activities | $ | 664 | $ | 103,223 | $ | 29,660 | $ | 13,309 | $ | (2,666 | ) | $ | 144,190 | |||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||
Purchase of property and equipment, net | — | — | (5,467 | ) | (61 | ) | — | (5,528 | ) | |||||||||||||||
Proceeds from sale of property and equipment | — | — | 25 | — | — | 25 | ||||||||||||||||||
Cash paid for acquisition, net of cash acquired | — | — | (11,746 | ) | — | — | (11,746 | ) | ||||||||||||||||
Purchase of software | — | — | (2,590 | ) | — | — | (2,590 | ) | ||||||||||||||||
Return of capital from equity method investees | — | — | 9,154 | — | — | 9,154 | ||||||||||||||||||
Contributions to equity method investees | — | — | (1,478 | ) | — | — | (1,478 | ) | ||||||||||||||||
Net cash used in investing activities | — | — | (12,102 | ) | (61 | ) | — | (12,163 | ) | |||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||
Borrowings on long-term debt | — | 325,000 | — | — | — | 325,000 | ||||||||||||||||||
Payments on long-term debt | — | (415,000 | ) | — | — | — | (415,000 | ) | ||||||||||||||||
Borrowings related to financed insurance | — | — | 62,580 | — | — | 62,580 | ||||||||||||||||||
Payments related to financed insurance | — | — | (53,918 | ) | — | — | (53,918 | ) | ||||||||||||||||
Payments of dividends to Parent | — | — | — | (4,785 | ) | 2,666 | (2,119 | ) | ||||||||||||||||
Transfers (to) from affiliates | (664 | ) | (13,223 | ) | 2,963 | 10,924 | — | — | ||||||||||||||||
Net cash (used in) provided by financing activities | (664 | ) | (103,223 | ) | 11,625 | 6,139 | 2,666 | (83,457 | ) | |||||||||||||||
Net increase in cash and cash equivalents | — | — | 29,183 | 19,387 | — | 48,570 | ||||||||||||||||||
Cash and cash equivalents, beginning of period | — | — | 45,724 | 24,481 | — | 70,205 | ||||||||||||||||||
Cash and cash equivalents, end of period | $ | — | $ | — | $ | 74,907 | $ | 43,868 | $ | — | $ | 118,775 | ||||||||||||
Delta Tucker Holdings, Inc. and Subsidiaries | ||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flow Information | ||||||||||||||||||||||||
For the year ended December 30, 2011 | ||||||||||||||||||||||||
(Amounts in thousands) | Parent | Subsidiary | Subsidiary | Subsidiary | Eliminations | Consolidated | ||||||||||||||||||
Issuer | Guarantors | Non- | ||||||||||||||||||||||
Guarantors | ||||||||||||||||||||||||
Net cash provided by (used in) operating activities | $ | 12,582 | $ | 37,893 | $ | 124,719 | $ | (4,918 | ) | $ | (2,290 | ) | $ | 167,986 | ||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||
Purchase of property and equipment, net | — | — | (4,838 | ) | (4 | ) | — | (4,842 | ) | |||||||||||||||
Return of capital from equity method investees | — | — | 9,147 | — | — | 9,147 | ||||||||||||||||||
Contributions to equity method investees | — | — | (7,308 | ) | — | — | (7,308 | ) | ||||||||||||||||
Transfers (to) from affiliates | — | — | — | 12,441 | (12,441 | ) | — | |||||||||||||||||
Net cash (used in) provided by investing activities | — | — | (2,999 | ) | 12,437 | (12,441 | ) | (3,003 | ) | |||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||
Borrowings on long-term debt | — | 366,700 | — | — | — | 366,700 | ||||||||||||||||||
Payments on long-term debt | — | (518,003 | ) | — | — | — | (518,003 | ) | ||||||||||||||||
Transfers (to) from affiliates | (12,582 | ) | 113,410 | (126,235 | ) | 12,966 | 12,441 | — | ||||||||||||||||
Payments of dividends to Parent | — | — | — | (3,435 | ) | 2,290 | (1,145 | ) | ||||||||||||||||
Other financing activities | — | — | 4,133 | 1,000 | — | 5,133 | ||||||||||||||||||
Net cash (used in) provided by financing activities | (12,582 | ) | (37,893 | ) | (122,102 | ) | 10,531 | 14,731 | (147,315 | ) | ||||||||||||||
Net (decrease) increase in cash and cash equivalents | — | — | (382 | ) | 18,050 | — | 17,668 | |||||||||||||||||
Cash and cash equivalents, beginning of period | — | — | 46,106 | 6,431 | — | 52,537 | ||||||||||||||||||
Cash and cash equivalents, end of period | $ | — | $ | — | $ | 45,724 | $ | 24,481 | $ | — | $ | 70,205 | ||||||||||||
Subsequent_Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
Subsequent Events | |
We evaluated potential subsequent events occurring after the period end date and determined no subsequent events merited disclosure for the year ended December 31, 2013, except as disclosed within the Notes to the consolidated financial statements. |
Condensed_Financial_Informatio
Condensed Financial Information of Registrant (Parent Company [Member]) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Parent Company [Member] | ' | |||||||||||
Condensed Financial Information of Registrant | ' | |||||||||||
Condensed Financial Information of Registrant | ||||||||||||
DELTA TUCKER HOLDINGS, INC. | ||||||||||||
CONDENSED BALANCE SHEETS | ||||||||||||
As of | ||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||
(Amounts in thousands) | ||||||||||||
Deferred tax assets | $ | 891 | $ | 1,353 | ||||||||
Investment in subsidiaries | 228,870 | 482,627 | ||||||||||
Total assets | $ | 229,761 | $ | 483,980 | ||||||||
Liabilities | $ | 45,976 | $ | 46,438 | ||||||||
Stockholders Equity | 183,785 | 437,542 | ||||||||||
Total liabilities and equity | $ | 229,761 | $ | 483,980 | ||||||||
See notes to this schedule | ||||||||||||
DELTA TUCKER HOLDINGS, INC. | ||||||||||||
CONDENSED STATEMENTS OF OPERATIONS | ||||||||||||
For the years ended | ||||||||||||
31-Dec-13 | 31-Dec-12 | 30-Dec-11 | ||||||||||
(Amounts in thousands) | ||||||||||||
Equity in income of subsidiaries, net of tax | (253,736 | ) | (8,937 | ) | (62,056 | ) | ||||||
Income before income taxes | (253,736 | ) | (8,937 | ) | (62,056 | ) | ||||||
Income tax benefit | — | — | — | |||||||||
Net (loss) income | $ | (253,736 | ) | $ | (8,937 | ) | $ | (62,056 | ) | |||
See notes to this schedule | ||||||||||||
DELTA TUCKER HOLDINGS, INC. | ||||||||||||
CONDENSED STATEMENTS OF CASH FLOWS | ||||||||||||
For the years ended | ||||||||||||
31-Dec-13 | 31-Dec-12 | 30-Dec-11 | ||||||||||
(Amounts in thousands) | ||||||||||||
Net cash from operating activities | $ | 461 | $ | 664 | $ | 12,582 | ||||||
Net cash from investing activities | — | — | — | |||||||||
Net cash from financing activities | (461 | ) | (664 | ) | (12,582 | ) | ||||||
Net change in cash and cash equivalent | — | — | — | |||||||||
Cash and cash equivalents, beginning of period | — | — | — | |||||||||
Cash and Cash equivalents, end of period | $ | — | $ | — | $ | — | ||||||
See notes to this schedule | ||||||||||||
Schedule I - Condensed Financial Information | ||||||||||||
Delta Tucker Holdings, Inc. | ||||||||||||
Notes to Schedule | ||||||||||||
Note 1 — Basis of Presentation | ||||||||||||
Pursuant to rules and regulations of the SEC, the condensed financial statements of Delta Tucker Holdings Inc. do not reflect all of the information and notes normally included with financial statements prepared in accordance with GAAP. Therefore, these financial statements should be read in conjunction with our consolidated financial statements and related notes. | ||||||||||||
Accounting for subsidiaries — We have accounted for the income of our subsidiaries under the equity method in the condensed financial statements. | ||||||||||||
Note 2 — Dividends Received from Consolidated Subsidiaries | ||||||||||||
We have received no dividends from our consolidated subsidiaries including DynCorp International Inc. which has covenants related to its long-term debt, including restrictions on dividend payments as of December 31, 2013. As the parent guarantor to DynCorp International Inc., we are subject to certain restrictions set forth under the Senior Credit Facility, including restrictions on the payment of dividends. As we are the holding company of DynCorp International Inc. and have no independent operations a part from DynCorp International Inc. and no assets other than our investment in DynCorp International Inc. and associated deferred taxes, our retained earnings and net income are fully encumbered by these restrictions. | ||||||||||||
Note 3 — Equity | ||||||||||||
Our equity was initially comprised of a capital contribution of $550.9 million. Between our inception and December 31, 2013, our equity has been impacted by our earnings, changes in other comprehensive income and additional paid in capital. |
Valuation_and_Qualifying_Accou
Valuation and Qualifying Accounts | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Valuation and Qualifying Accounts [Abstract] | ' | |||||||||||||||
Valuation and Qualifying Accounts | ' | |||||||||||||||
Valuation and Qualifying Accounts | ||||||||||||||||
Delta Tucker Holdings, Inc. | ||||||||||||||||
For the years ended December 31, 2013, December 31, 2012 and December 30, 2011 | ||||||||||||||||
(Amount in thousands) | Beginning of Period | Charged to Costs and Expense | Deductions from Reserve (1) | End of Period | ||||||||||||
Allowance for doubtful accounts: | ||||||||||||||||
January 1, 2011 — December 30, 2011 | 558 | 2,125 | (736 | ) | 1,947 | |||||||||||
December 31, 2011 — December 31, 2012 | $ | 1,947 | $ | 722 | $ | (1,188 | ) | $ | 1,481 | |||||||
December 31, 2012 — December 31, 2013 | $ | 1,481 | $ | 1,531 | $ | (1,391 | ) | $ | 1,621 | |||||||
-1 | Deductions from reserve represents accounts written off, net of recoveries. |
Significant_Accounting_Policie1
Significant Accounting Policies and Accounting Developments (Policies) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Accounting Policies [Abstract] | ' | |||||||||||
Fiscal Year / Fiscal Periods | ' | |||||||||||
Fiscal Year | ||||||||||||
On January 24, 2013, the Company's Board of Directors approved a change of the Company's fiscal year end from a 52-53 week basis ending on the Friday closest to December 31 to a basis where each quarterly period ends on the last Friday of the calendar quarter, except for the last quarterly period of the fiscal year, which ends on December 31. The change of fiscal year end was effective beginning with the fiscal year ended December 31, 2012. These financial statements reflect our financial results for the calendar years ended December 31, 2013, December 31, 2012 and December 30, 2011. | ||||||||||||
Principles of Consolidation | ' | |||||||||||
Principles of Consolidation | ||||||||||||
The consolidated financial statements include the accounts of both our domestic and foreign subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. The Company has investments in joint ventures that are variable interest entities ("VIEs"). The VIE investments are accounted for in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 810 — Consolidation. In cases where the Company has (i) the power to direct the activities of the VIE that most significantly impact its economic performance and (ii) the obligation to absorb losses of the VIE that could potentially be significant or the right to receive benefits from the entity that could potentially be significant to the VIE, the Company consolidates the entity. Alternatively, in cases where all of the aforementioned criteria are not met, the investment is accounted for under the equity method. | ||||||||||||
The Company classifies its equity method investees in two distinct groups based on management’s day-to-day involvement in the operations of each entity and the nature of each joint venture’s business. If the joint venture is deemed to be an extension of one of our segments and operationally integral to the business, our share of the joint venture’s earnings is reported within operating income in Earnings from equity method investees in the consolidated statement of operations. If the Company considers our involvement less significant, the share of the joint venture’s net earnings is reported in Other income, net in the consolidated statement of operations. | ||||||||||||
Economic rights in active joint ventures that are operationally integral are indicated by the ownership percentages in the table listed below. | ||||||||||||
Partnership for Temporary Housing LLC ("PaTH") | 30 | % | ||||||||||
Contingency Response Services LLC ("CRS") | 45 | % | ||||||||||
Global Response Services LLC ("GRS") | 51 | % | ||||||||||
Global Linguist Solutions LLC ("GLS") | 51 | % | ||||||||||
Economic rights in an active joint venture that the Company does not consider operationally integral are indicated by the ownership percentage in the table listed below. | ||||||||||||
Babcock DynCorp Limited ("Babcock") | 44 | % | ||||||||||
Noncontrolling interests | ' | |||||||||||
Noncontrolling Interests | ||||||||||||
We record the impact of our partners' interests in less than wholly owned consolidated joint ventures as noncontrolling interests. Currently, DynCorp International FZ-LLC ("DIFZ") is our only consolidated joint venture for which we do not own 100% of the entity. In March 2012, we entered into a non-cash dividend distribution transaction with Cerberus Series Four Holdings, LLC and Cerberus Partners II, L.P., in which we distributed half of our 50% ownership in DIFZ. We now hold 25% ownership interest in DIFZ. We continue to consolidate DIFZ as we still exercise power over activities that significantly impact DIFZ’s economic performance and have the obligation to absorb losses or receive benefits of DIFZ that could potentially be significant to DIFZ. Noncontrolling interests is presented on the face of the consolidated statements of operations as an increase or reduction in arriving at "Net (loss) income attributable to Delta Tucker Holdings, Inc." Noncontrolling interests is located in the equity section on the consolidated balance sheets. See Note 13 for further information regarding DIFZ. | ||||||||||||
Revenue Recognition and Cost Estimation on Long-Term Contracts | ' | |||||||||||
Revenue Recognition and Cost Estimation on Long-Term Contracts | ||||||||||||
General - We are predominantly a services provider and only include products or systems when necessary for the execution of the service arrangement. As such, systems, equipment or materials are not generally separable from the services we provide. Revenue is recognized when persuasive evidence of an arrangement exists, services or products have been provided to the customer, the sales price is fixed or determinable (for non-U.S. government contracts) or costs are identifiable, determinable, reasonable and allowable (for our U.S. government contracts), and collectability is reasonably assured (for non-U.S. government contracts) or a reasonable contractual basis for recovery exists (for U.S. government contracts). Our contracts typically fall into the following four categories with the first representing substantially all of our revenue: (i) federal government contracts, (ii) construction-type contracts, (iii) software contracts and (iv) other contracts. We apply the appropriate guidance consistently to all contracts. | ||||||||||||
Major factors we consider in determining total estimated revenue and cost include the base contract price, contract options, change orders (modifications of the original contract), back charges and claims, and contract provisions for penalties, award fees and performance incentives. All of these factors and other special contract provisions are evaluated throughout the life of our contracts when estimating total contract revenue under the percentage-of-completion or proportional methods of accounting. We inherently have risks related to our estimates with long-term contracts. Actual amounts could materially differ from these estimates. We believe the following are the risk associated with our estimation process: (i) assumptions are uncertain and inherently judgmental at the time of the estimate; (ii) use of reasonably different assumptions could have changed our estimates, particularly with respect to estimates of contract revenues, costs and recoverability of assets, and (iii) changes in estimates could have material effects on our financial condition or results of operations. The impact of any one of these factors could contribute to a material cumulative adjustment. | ||||||||||||
Some of our contracts with the U.S. government contain award or incentive fees. We recognize award or incentive fee revenue when we can make reasonably determinable estimates of award or incentive fees to consider them in determining total estimated contract revenue. We do not consider the mere existence of potential award or incentive fees as presumptive evidence that award or incentive fees are to be included in determining total estimated revenue. In some cases, we may not be able to accurately predict whether performance targets will be met, and as such, we exclude the award or incentive fees from the determination of total revenue in such instances. Our accrual of award or incentive fees may require adjustments from time to time. | ||||||||||||
We expense pre-contract costs as incurred for an anticipated contract until the contract is awarded. Throughout the life of the contract, indirect costs, including general and administrative costs, are expensed as incurred. Management regularly reviews project profitability and underlying estimates, including total cost to complete a project. For each project, estimates for total project costs are based on such factors as a project's contractual requirements and management's assessment of current and future pricing, economic conditions, political conditions and site conditions. Estimates can be impacted by such factors as additional requirements from our customers, a change in labor markets impacting the availability or cost of a skilled workforce, regulatory changes both domestically and internationally, political unrest or security issues at project locations. Revisions to estimates are reflected in our consolidated results of operations as changes in accounting estimates in the periods in which the facts that give rise to the revisions become known by management. We believe long-term contracts, contracts in a loss position and contracts with material award fees drive the significant changes in estimates in our contracts. | ||||||||||||
The following table presents the aggregate gross favorable and unfavorable adjustments to income before taxes resulting from changes in estimates, including the exercise of additional option years, for the years ended December 31, 2013, December 31, 2012 and December 30, 2011. | ||||||||||||
For the years ended | ||||||||||||
31-Dec-13 | 31-Dec-12 | 30-Dec-11 | ||||||||||
(Amounts in millions) | ||||||||||||
Gross favorable adjustments | $ | 45.8 | $ | 29.3 | $ | 16 | ||||||
Gross unfavorable adjustments | (20.7 | ) | (9.7 | ) | (4.4 | ) | ||||||
Net adjustments | $ | 25.1 | $ | 19.6 | $ | 11.6 | ||||||
Federal Government Contracts — For all non-construction and non-software U.S. federal government contracts or contract elements, we apply the guidance in ASC 912 - Contractors - Federal Government. We apply the combination and segmentation guidance in ASC 605-35 Revenue - Construction-Type and Production-Type Contracts under the guidance of ASC 912 in analyzing the deliverables contained in the applicable contract to determine appropriate profit centers. Revenue is recognized by profit center using the percentage-of-completion method or completed-contract method. The completed-contract method is used when reliable estimates cannot be supported for percentage-of-completion method recognition or for short duration projects when the results of operations would not vary materially from those resulting from use of the percentage-of-completion method. Until complete, project costs may be maintained in work-in-progress, a component of inventory. | ||||||||||||
Revenue is recognized based on progress towards completion over the contract period, measured by either output or input methods appropriate to the services or products provided. For example, "output measures" can include units delivered or produced, such as aircraft for which modification has been completed. "Input measures" can include a cost-to-cost method, such as for procurement-related services. | ||||||||||||
Construction Contracts or Contract Elements — For all construction-type contracts or contract elements, revenue is recognized by profit center using the percentage-of-completion method. | ||||||||||||
Software Contracts or Contract Elements — It is our policy to review any arrangement containing software or software deliverables using applicable GAAP for software revenue recognition. We have not historically sold software on a separate, standalone basis. As a result, software arrangements are typically accounted for as one unit of accounting and are recognized over the service period, including the period of post-contract customer support. We did not enter into any new software contracts or contracts with software elements during the years ended December 31, 2013 or December 31, 2012 or December 30, 2011. | ||||||||||||
Other Contracts or Contract Elements — Our contracts with non-federal government customers are predominantly service arrangements. Multiple-element arrangements involve multiple obligations in various combinations to perform services, deliver equipment or materials, grant licenses or other rights, or take certain actions. We evaluate all deliverables in an arrangement to determine whether they represent separate units of accounting. Arrangement consideration is allocated among the separate units of accounting based on the guidance applicable for the multiple-element arrangements. Many of our arrangements were entered into prior to January 1, 2011. These arrangement considerations are allocated to those identified as multiple-element arrangements based on their relative fair values. Fair values are established by evaluating vendor specific objective evidence ("VSOE") or third-party evidence, if available. Due to the customized nature of our arrangements, VSOE and third-party evidence is generally not available, which results in the arrangements being accounted for as one unit of accounting. For arrangements that are entered into or materially modified after January 1, 2011, arrangement considerations are allocated to those identified as multiple-element arrangements based on their relative selling price. Relative selling price is established through VSOE, third-party evidence, or management's best estimate of selling price. Due to the customized nature of our arrangements, VSOE and third-party evidence is generally not available, and therefore, relative selling price is generally allocated to multiple-element arrangements utilizing management's best estimate of selling price. | ||||||||||||
Cash and Cash Equivalents | ' | |||||||||||
Cash and Cash Equivalents | ||||||||||||
For purposes of reporting cash and cash equivalents, we consider all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. | ||||||||||||
Restricted Cash | ' | |||||||||||
Restricted Cash | ||||||||||||
Restricted cash represents cash restricted by certain contracts and available for use to pay specified costs and vendors on work performed on specific contracts. On some contracts, advance payments are not available for use and cash is to be disbursed for specified costs for work performed on the specific contract. Changes in restricted cash related to our contracts are included as operating activities within our consolidated statement of cashflows. | ||||||||||||
Use of Estimates | ' | |||||||||||
Use of Estimates | ||||||||||||
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Management evaluates these estimates and assumptions on an ongoing basis, including but not limited to, those relating to allowances for doubtful accounts, fair value and impairment of intangible assets and goodwill, income taxes, stock based compensation, profitability on contracts, anticipated contract modifications, contingencies and litigation. Actual results could differ from those estimates. See the Critical Accounting Policies and Estimates. | ||||||||||||
Allowance for Doubtful Accounts | ' | |||||||||||
Allowance for Doubtful Accounts | ||||||||||||
We establish an allowance for doubtful accounts against specific billed receivables based upon the latest information available to determine whether invoices are ultimately collectible. Such information includes the historical trends of write-offs and recovery of previously written-off accounts, the financial strength of the respective customer and projected economic and market conditions. The evaluation of these factors involves subjective judgments and changes in these factors may cause an increase to our estimated allowance for doubtful accounts, which could impact our consolidated financial statements by incurring bad debt expense. Given that we primarily serve the U.S. government, we believe the risk is low that changes in our allowance for doubtful accounts would result in a material impact on our financial results. | ||||||||||||
Property and Equipment | ' | |||||||||||
Property and Equipment | ||||||||||||
The cost of property and equipment, less applicable residual values, is depreciated using the straight-line method. Depreciation commences when the specific asset is complete, installed and ready for normal use. Depreciation related to equipment purchased for specific contracts is typically included within Cost of services, as this depreciation is directly attributable to project costs. We evaluate property and equipment for impairment quarterly by examining factors such as existence, functionality, obsolescence and physical condition. In the event we experience impairment, we revise the useful life estimate and record the impairment as an addition to depreciation expense and accumulated depreciation. Our standard depreciation and amortization policies are as follows: | ||||||||||||
Computer and related equipment | 3 to 5 years | |||||||||||
Equipment and Other | 2 to 10 years | |||||||||||
Leasehold improvements | Shorter of lease term or useful life | |||||||||||
Customer Related Intangible Assets | ' | |||||||||||
Customer Related Intangible Assets | ||||||||||||
The initial values assigned to customer-related intangibles were the result of fair value calculations associated with business combinations. The values were determined based on estimates and judgments regarding expectations for the estimated future after-tax cash flows from those assets over their lives, including the probability of expected future contract renewals and sales, less a cost-of-capital charge, all of which was discounted to present value. We evaluate the carrying value of our customer-related intangibles within the asset group representing the lowest level of identifiable cash flows whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The customer related intangible carrying value is considered impaired when the anticipated undiscounted cash flows from such asset group is less than its carrying value. In that case, a loss is recognized based on the amount by which the carrying value exceeds the fair value. | ||||||||||||
Indefinite-Lived Assets and Goodwill | ' | |||||||||||
Indefinite-Lived Assets and Goodwill | ||||||||||||
Indefinite-lived assets, including goodwill and indefinite-lived tradename, are not amortized but are subject to an annual impairment test. We evaluate goodwill and indefinite lived tradename for impairment annually in the first month of the fourth quarter of each fiscal year and when an event occurs or circumstances change to suggest that the carrying value may not be recoverable. The first step of the goodwill impairment test compares the fair value of each of our reporting units with its carrying amount, including indefinite-lived assets. If the fair value of a reporting unit exceeds its carrying amount, the indefinite-lived assets of the reporting unit are not considered impaired, and the second step of the impairment test is unnecessary. If the carrying amount of a reporting unit exceeds its fair value, the second step of the goodwill impairment test is performed to measure the amount of the impairment loss, if any. | ||||||||||||
Income Taxes | ' | |||||||||||
Income Taxes | ||||||||||||
We file income, franchise, gross receipts and similar tax returns in many jurisdictions. Our tax returns are subject to audit by the Internal Revenue Service, within most states in the U.S., and by various government agencies representing several jurisdictions outside the U.S. | ||||||||||||
We use the asset and liability approach for financial accounting and reporting for income taxes in accordance with the FASB. Deferred income tax assets and liabilities are computed annually for differences between the financial statement and tax basis of assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Income tax expense is made up of current expense which includes both permanent and temporary differences and deferred expense which only includes temporary differences. Income tax expense is the amount of tax payable for the period plus or minus the change in deferred tax assets and liabilities during the period. | ||||||||||||
We perform a comprehensive review of our portfolio of uncertain tax positions regularly. The accounting for uncertainty in income taxes requires a more-likely-than-not threshold for financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. A liability is recorded when a benefit is recognized for a tax position and it is not more-likely-than-not that the position will be sustained on its technical merits or where the position is more-likely-than-not that it will be sustained on its technical merits, but the largest amount to be realized upon settlement is less than 100% of the position. | ||||||||||||
To the extent that our assessment of such tax positions changes, the change in estimate is recorded in the period in which the determination is made. Tax-related interest is included within interest expense and tax-related penalties are included within income tax expense in our consolidated statements of operations. See Note 5 regarding income taxes. | ||||||||||||
Equity-Based Compensation Expense | ' | |||||||||||
Share Based Compensation | ||||||||||||
We recognize compensation expense in the financial statements for all share based arrangements. Share based compensation cost is measured at the date of grant, based on the fair value of the award, and is recognized over the employee's requisite service period. See Note 10 for further discussion on share based compensation. | ||||||||||||
Currency Translation | ' | |||||||||||
Currency Translation | ||||||||||||
The assets and liabilities of our subsidiaries outside the U.S. and have a functional currency that is not the U.S. dollar are translated into U.S. dollars at the rates of exchange in effect at the balance sheet dates. Results of operations and cash flow items for these subsidiaries are translated at the average exchange rates prevailing during the period. Gains and losses resulting from currency transactions and the re-measurement of the financial statements of U.S. functional currency foreign subsidiaries are recognized currently in Cost of services and Other income, net, respectively and those resulting from translation of financial statements are included in accumulated other comprehensive income. Our foreign currency transactions were not material for the calendar years ended December 31, 2013 and December 31, 2012 and December 30, 2011. | ||||||||||||
Operating Segments | ' | |||||||||||
Operating Segments | ||||||||||||
In April 2013, the Company amended its organizational structure to improve efficiencies within existing businesses, capitalize on new opportunities, continue international growth and expand commercial business. The Company’s previous six operating and reporting segments, Logistics Civil Augmentation Program ("LOGCAP"), Aviation, Training and Intelligence Solutions ("TIS"), Global Logistics and Development Solutions ("GLDS"), Security Services and Global Linguist Services ("GLS") were realigned into three operating and reporting segments, DynAviation, DynLogistics and DynGlobal. Additionally, as GLS no longer represents a significant portion of our business the chief operating decision maker has determined that GLS will no longer be considered an operating segment or reporting unit. | ||||||||||||
Accounting Developments | ' | |||||||||||
Accounting Developments | ||||||||||||
Pronouncements Implemented | ||||||||||||
In February 2013, the FASB issued Accounting Standards Update ("ASU") No. 2013-02 - Comprehensive Income requiring new disclosure requirements for items reclassified out of accumulated other comprehensive income ("AOCI"), including: (i) changes in AOCI balances by component and (ii) significant items reclassified out of AOCI. The new disclosure requirements are effective for fiscal years and interim periods beginning after December 15, 2012. We adopted ASU No. 2013-02 as of March 29, 2013. The adoption of this ASU has not had any impact on the Company's financial statements as the Company has not had any reclassifications from accumulated other comprehensive income to net income. Other comprehensive income in each period is comprised solely of foreign currency translation adjustments. |
Significant_Accounting_Policie2
Significant Accounting Policies and Accounting Developments (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Accounting Policies [Abstract] | ' | |||||||||||
Variable Interest Entity ownership percentages | ' | |||||||||||
Economic rights in active joint ventures that are operationally integral are indicated by the ownership percentages in the table listed below. | ||||||||||||
Partnership for Temporary Housing LLC ("PaTH") | 30 | % | ||||||||||
Contingency Response Services LLC ("CRS") | 45 | % | ||||||||||
Global Response Services LLC ("GRS") | 51 | % | ||||||||||
Global Linguist Solutions LLC ("GLS") | 51 | % | ||||||||||
Equity Method Investment ownership percentages | ' | |||||||||||
Economic rights in an active joint venture that the Company does not consider operationally integral are indicated by the ownership percentage in the table listed below. | ||||||||||||
Babcock DynCorp Limited ("Babcock") | 44 | % | ||||||||||
Aggregate gross favorable and unfavorable adjustments to income (loss) before income taxes | ' | |||||||||||
The following table presents the aggregate gross favorable and unfavorable adjustments to income before taxes resulting from changes in estimates, including the exercise of additional option years, for the years ended December 31, 2013, December 31, 2012 and December 30, 2011. | ||||||||||||
For the years ended | ||||||||||||
31-Dec-13 | 31-Dec-12 | 30-Dec-11 | ||||||||||
(Amounts in millions) | ||||||||||||
Gross favorable adjustments | $ | 45.8 | $ | 29.3 | $ | 16 | ||||||
Gross unfavorable adjustments | (20.7 | ) | (9.7 | ) | (4.4 | ) | ||||||
Net adjustments | $ | 25.1 | $ | 19.6 | $ | 11.6 | ||||||
Summary of standard depreciation and amortization policies | ' | |||||||||||
Our standard depreciation and amortization policies are as follows: | ||||||||||||
Computer and related equipment | 3 to 5 years | |||||||||||
Equipment and Other | 2 to 10 years | |||||||||||
Leasehold improvements | Shorter of lease term or useful life |
Composition_of_Certain_Financi1
Composition of Certain Financial Statement Captions (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | |||||||
Prepaid expenses and other current assets | ' | |||||||
Prepaid expenses and other current assets were: | ||||||||
As of | ||||||||
December 31, 2013 | December 31, 2012 | |||||||
(Amounts in thousands) | ||||||||
Prepaid expenses | $ | 29,611 | $ | 40,474 | ||||
Income tax refunds receivable | 7,334 | 376 | ||||||
Inventories | 27,008 | 16,330 | ||||||
Aircraft parts inventory held on consignment | 2,404 | 2,676 | ||||||
Work-in-process inventory, net | 28,444 | 9,371 | ||||||
Joint venture receivables | 2,251 | 1,248 | ||||||
Favorable contracts | — | 426 | ||||||
Assets held for sale | 3,017 | — | ||||||
Other current assets | 24,441 | 8,322 | ||||||
Total prepaid expenses and other current assets | $ | 124,510 | $ | 79,223 | ||||
Property and equipment, net | ' | |||||||
Property and equipment, net were: | ||||||||
As of | ||||||||
December 31, 2013 | December 31, 2012 | |||||||
(Amounts in thousands) | ||||||||
Helicopters | $ | 4,007 | $ | 11,497 | ||||
Computers and other equipment | 14,258 | 13,045 | ||||||
Leasehold improvements | 17,585 | 10,026 | ||||||
Office furniture and fixtures | 3,006 | 4,877 | ||||||
Gross property and equipment | 38,856 | 39,445 | ||||||
Less accumulated depreciation | (14,736 | ) | (13,238 | ) | ||||
Total property and equipment, net | $ | 24,120 | $ | 26,207 | ||||
Other assets, net | ' | |||||||
Other assets, net were: | ||||||||
As of | ||||||||
December 31, 2013 | December 31, 2012 | |||||||
(Amounts in thousands) | ||||||||
Deferred financing costs, net | $ | 17,526 | $ | 22,918 | ||||
Investment in affiliates | 13,477 | 20,348 | ||||||
Palm promissory notes, long-term portion | 2,731 | 4,037 | ||||||
Other | 5,447 | 2,707 | ||||||
Total other assets, net | $ | 39,181 | $ | 50,010 | ||||
Accrued payroll and employee costs | ' | |||||||
Accrued payroll and employee costs were: | ||||||||
As of | ||||||||
December 31, 2013 | December 31, 2012 | |||||||
(Amounts in thousands) | ||||||||
Wages, compensation and other benefits | $ | 93,007 | $ | 105,293 | ||||
Accrued vacation | 20,383 | 21,484 | ||||||
Accrued contributions to employee benefit plans | 944 | 1,034 | ||||||
Total accrued payroll and employee costs | $ | 114,334 | $ | 127,811 | ||||
Accrued liabilities | ' | |||||||
Accrued liabilities were: | ||||||||
As of | ||||||||
December 31, 2013 | December 31, 2012 | |||||||
(Amounts in thousands) | ||||||||
Customer liability | $ | 61,856 | $ | 39,954 | ||||
Accrued insurance | 40,120 | 62,670 | ||||||
Accrued interest | 24,641 | 24,847 | ||||||
Unrecognized tax benefit | 10,132 | — | ||||||
Unfavorable contract liability | — | 4,572 | ||||||
Contract losses | 13,738 | 9,948 | ||||||
Legal reserves | 14,147 | 12,772 | ||||||
Subcontractor retention | 4,300 | 8,448 | ||||||
Financed insurance | 6,162 | 26,466 | ||||||
Other | 25,437 | 12,786 | ||||||
Total accrued liabilities | $ | 200,533 | $ | 202,463 | ||||
Other long-term liabilities | ' | |||||||
Other long-term liabilities were: | ||||||||
As of | ||||||||
December 31, 2013 | December 31, 2012 | |||||||
(Amounts in thousands) | ||||||||
Unrecognized tax benefit, net | — | 3,293 | ||||||
Unfavorable lease accrual | — | 4,504 | ||||||
Other | 7,632 | 3,226 | ||||||
Total other long-term liabilities | $ | 7,632 | $ | 11,023 | ||||
Goodwill_and_other_Intangible_1
Goodwill and other Intangible Assets (Tables) | 12 Months Ended | |||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||||||
Goodwill balances for segments | ' | |||||||||||||||||
The carrying amount of goodwill, by segment, was as follows: | ||||||||||||||||||
(Amounts in thousands) | DynAviation | DynLogistics | DynGlobal | Total | ||||||||||||||
Gross Balance as of December 30, 2011 | $ | 439,350 | $ | 240,021 | $ | — | $ | 679,371 | ||||||||||
Impairment of goodwill | — | (33,768 | ) | — | (33,768 | ) | ||||||||||||
Balance as of December 30, 2011 | 439,350 | 206,253 | $ | — | 645,603 | |||||||||||||
Heliworks acquisition (1) | 3,043 | — | — | 3,043 | ||||||||||||||
Impairment of goodwill (2) | — | (44,594 | ) | — | (44,594 | ) | ||||||||||||
Balance as of December 31, 2012 | 442,393 | 161,659 | — | 604,052 | ||||||||||||||
Impairment of goodwill (3) | (281,461 | ) | (28,824 | ) | — | (310,285 | ) | |||||||||||
Balance as of December 31, 2013 | 160,932 | 132,835 | — | 293,767 | ||||||||||||||
(1) Includes $3.0 million of goodwill obtained during the third quarter of 2012, resulting from the Heliworks acquisition on July 6, 2012. | ||||||||||||||||||
See Note 4 for further discussion of the acquisition. | ||||||||||||||||||
-2 | Represents the non-cash impairment charges within the DynLogistics segment for the year ended December 31, 2012. | |||||||||||||||||
-3 | Includes goodwill impairment of the AO and IS reporting units within the DynAviation and DynLogistics segment for the year ended December 31, 2013. | |||||||||||||||||
Information about changes relating to certain intangible assets | ' | |||||||||||||||||
The following tables provide information about changes relating to certain intangible assets: | ||||||||||||||||||
December 31, 2013 | ||||||||||||||||||
(Amounts in thousands, except years) | Weighted | Gross | Accumulated | Impairment | Net | |||||||||||||
Average | Carrying | Amortization | ||||||||||||||||
Useful Life | Value | |||||||||||||||||
(Years) | ||||||||||||||||||
Other intangible assets: | ||||||||||||||||||
Customer-related intangible assets | 5.6 | $ | 350,912 | $ | (138,623 | ) | $ | — | $ | 212,289 | ||||||||
Other | ||||||||||||||||||
Finite-lived (1) | 6.3 | 22,042 | (14,151 | ) | 7,891 | |||||||||||||
Indefinite-lived | 5,059 | — | — | 5,059 | ||||||||||||||
Total other intangibles | $ | 378,013 | $ | (152,774 | ) | $ | — | $ | 225,239 | |||||||||
Tradenames: | ||||||||||||||||||
Finite-lived | 1.4 | $ | 869 | $ | (627 | ) | $ | — | $ | 242 | ||||||||
Indefinite-lived | 43,222 | — | — | 43,222 | ||||||||||||||
Total tradenames | $ | 44,091 | $ | (627 | ) | $ | — | $ | 43,464 | |||||||||
-1 | The finite-lived balance includes the impairment of certain intangible assets within the DynLogistics segment resulting from a change in the business model during the fourth quarter of the year ended December 31, 2012 | |||||||||||||||||
December 31, 2012 | ||||||||||||||||||
(Amounts in thousands, except years) | Weighted | Gross | Accumulated | Impairment | Net | |||||||||||||
Average | Carrying | Amortization | ||||||||||||||||
Useful Life | Value | |||||||||||||||||
(Years) | ||||||||||||||||||
Other intangible assets: | ||||||||||||||||||
Customer-related intangible assets | 6.6 | $ | 350,912 | $ | (99,119 | ) | $ | — | $ | 251,793 | ||||||||
Other | ||||||||||||||||||
Finite-lived | 5.5 | 30,925 | (15,174 | ) | (6,069 | ) | 9,682 | |||||||||||
Indefinite-lived | 5,059 | 5,059 | ||||||||||||||||
Total other intangibles | $ | 386,896 | $ | (114,293 | ) | $ | (6,069 | ) | $ | 266,534 | ||||||||
Tradenames: | ||||||||||||||||||
Finite-lived | 2.4 | $ | 869 | $ | (447 | ) | $ | — | $ | 422 | ||||||||
Indefinite-lived | 43,221 | — | — | 43,221 | ||||||||||||||
Total tradenames | $ | 44,090 | $ | (447 | ) | $ | — | $ | 43,643 | |||||||||
Amortization expense | ||||||||||||||||||
Future amortization based upon the finite-lived intangible assets owned | ' | |||||||||||||||||
The following table outlines an estimate of future amortization based upon the finite-lived intangible assets owned at December 31, 2013: | ||||||||||||||||||
Amortization | ||||||||||||||||||
Expense (1) | ||||||||||||||||||
Estimate for calendar year 2014 | 43,613 | |||||||||||||||||
Estimate for calendar year 2015 | 41,724 | |||||||||||||||||
Estimate for calendar year 2016 | 38,369 | |||||||||||||||||
Estimate for calendar year 2017 | 36,033 | |||||||||||||||||
Estimate for calendar year 2018 | 28,772 | |||||||||||||||||
Thereafter | 31,911 | |||||||||||||||||
(1)The future amortization is inclusive of the finite lived intangible-assets and finite-lived tradename. |
Acquisition_Tables
Acquisition (Tables) | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Business Combination, Description [Abstract] | ' | |||
Acquisition purchase price | ' | |||
The purchase price comprised of the following elements: | ||||
(Amounts in thousands) | Purchase Elements | |||
Cash paid for acquisition at closing, net of cash acquired | $ | 11,110 | ||
Final net asset adjustment paid in the fourth quarter of calendar year 2012 | 692 | |||
Total purchase price | $ | 11,802 | ||
Allocation of the purchase price to the acquired assets and liabilities and resulting goodwill | ' | |||
The following table represents the allocation of the purchase price to the acquired assets and liabilities and resulting goodwill: | ||||
(Amounts in thousands) | Reconciliation | |||
to Goodwill | ||||
Total purchase price | $ | 11,802 | ||
Cash acquired | 9 | |||
Accounts receivables | 1,601 | |||
Helicopters | 2,844 | |||
Property and equipment | 525 | |||
Other assets | 316 | |||
Intangible assets | 5,235 | |||
Liabilities assumed | (1,771 | ) | ||
Goodwill | $ | 3,043 | ||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||||
Domestic and foreign components of Income (loss) before income taxes | ' | |||||||||||
The domestic and foreign components of (Loss) income before income taxes are as follows: | ||||||||||||
For the years ended | ||||||||||||
31-Dec-13 | 31-Dec-12 | 30-Dec-11 | ||||||||||
(Amounts in thousands) | ||||||||||||
Domestic | $ | (286,989 | ) | $ | 6,567 | $ | (88,590 | ) | ||||
Foreign | 27 | 5,739 | 8,218 | |||||||||
(Loss) income before income taxes | $ | (286,962 | ) | $ | 12,306 | $ | (80,372 | ) | ||||
Benefit (provision for) from income taxes | ' | |||||||||||
The Benefit (provision) from income taxes consists of the following: | ||||||||||||
For the years ended | ||||||||||||
31-Dec-13 | 31-Dec-12 | 30-Dec-11 | ||||||||||
(Amounts in thousands) | ||||||||||||
Current portion: | ||||||||||||
Federal | $ | — | $ | — | $ | 452 | ||||||
State | (784 | ) | (500 | ) | (855 | ) | ||||||
Foreign | (16,045 | ) | (4,342 | ) | (3,967 | ) | ||||||
(16,829 | ) | (4,842 | ) | (4,370 | ) | |||||||
Deferred portion: | ||||||||||||
Federal | 52,574 | (9,996 | ) | 24,466 | ||||||||
State | 1,086 | (101 | ) | 738 | ||||||||
Foreign | 630 | (659 | ) | 107 | ||||||||
54,290 | (10,756 | ) | 25,311 | |||||||||
Benefit (provision) from income taxes | $ | 37,461 | $ | (15,598 | ) | $ | 20,941 | |||||
Schedule of deferred tax assets and liabilities | ' | |||||||||||
Temporary differences, which give rise to deferred tax assets and liabilities, were as follows: | ||||||||||||
As of | ||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||
(Amounts in thousands) | ||||||||||||
Deferred tax assets related to: | ||||||||||||
Workers' compensation accrual | $ | 10,788 | $ | 16,791 | ||||||||
Accrued vacation | 5,055 | 5,302 | ||||||||||
Completion bonus allowance | 3,539 | 6,492 | ||||||||||
Accrued severance | 193 | 51 | ||||||||||
Accrued executive incentives | 4,538 | 7,060 | ||||||||||
Legal reserve | 1,559 | 4,571 | ||||||||||
Accrued health costs | 1,704 | 2,937 | ||||||||||
Suspended loss from consolidated partnership | 5,421 | 3,999 | ||||||||||
Contract loss reserve | 8,877 | 9,814 | ||||||||||
Other accrued liabilities and reserves | 18,539 | 15,745 | ||||||||||
Foreign tax credit carryforward | 17,880 | 3,703 | ||||||||||
Net operating loss carryforward | 1,096 | 964 | ||||||||||
Other carryforwards | 656 | — | ||||||||||
Uncertain tax positions | 7,471 | 5,600 | ||||||||||
Total deferred tax assets | 87,316 | 83,029 | ||||||||||
Deferred tax liabilities related to: | ||||||||||||
Partnership / joint venture basis differences | (150 | ) | (2,493 | ) | ||||||||
Prepaid insurance | (6,976 | ) | (10,493 | ) | ||||||||
Goodwill and other intangible assets | (25,101 | ) | (65,704 | ) | ||||||||
Unbilled receivables | (103,413 | ) | (113,674 | ) | ||||||||
Total deferred tax liabilities | (135,640 | ) | (192,364 | ) | ||||||||
Deferred tax liabilities, net | $ | (48,324 | ) | $ | (109,335 | ) | ||||||
Deferred tax assets and liabilities are reported as: | ||||||||||||
As of | ||||||||||||
December 31, 2013 | 31-Dec-12 | |||||||||||
(Amounts in thousands) | ||||||||||||
Current deferred tax liabilities, net | $ | (30,965 | ) | $ | (59,032 | ) | ||||||
Non-current deferred tax liabilities, net | (17,359 | ) | (50,303 | ) | ||||||||
Deferred tax liabilities, net | $ | (48,324 | ) | $ | (109,335 | ) | ||||||
Reconciliation of the statutory federal income tax rate to Company's effective rate | ' | |||||||||||
A reconciliation of the statutory federal income tax rate to our effective rate is provided below: | ||||||||||||
For the years ended | ||||||||||||
31-Dec-13 | 31-Dec-12 | 30-Dec-11 | ||||||||||
Statutory rate | 35 | % | 35 | % | 35 | % | ||||||
State income tax, less effect of federal deduction | 0.1 | % | 4.9 | % | (0.1 | )% | ||||||
Noncontrolling interests | 0.5 | % | (16.1 | )% | 1.1 | % | ||||||
Goodwill impairment (1) | (22.6 | )% | 70.6 | % | (12.1 | )% | ||||||
Uncertain tax positions | (0.1 | )% | 13.7 | % | 1.3 | % | ||||||
Nondeductible expenses | (0.4 | )% | 9 | % | (1.3 | )% | ||||||
Penalties | — | % | 5.8 | % | — | % | ||||||
Other | 0.6 | % | 3.8 | % | 2.1 | % | ||||||
Effective tax rate | 13.1 | % | 126.7 | % | 26 | % | ||||||
-1 | Includes non-cash impairment charges to goodwill associated with our DynAviation and DynLogistics segments for year ended December 31, 2013, December 31, 2012 and December 30, 2011, respectively. See Note 3 for further discussion. | |||||||||||
Reconciliation of the beginning and ending amount of unrecognized tax benefits | ' | |||||||||||
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: | ||||||||||||
(Amounts in thousands) | Unrecognized Tax Benefits | |||||||||||
Balance at December 31, 2010 | 12,879 | |||||||||||
Additions for tax positions related to current year | — | |||||||||||
Reductions for tax positions of prior years | ||||||||||||
Net releases | (1,216 | ) | ||||||||||
Lapse of statute of limitations | (483 | ) | ||||||||||
Balance at December 30, 2011 | 11,180 | |||||||||||
Additions for tax positions related to prior years | 2,634 | |||||||||||
Reductions for tax positions of prior years | (448 | ) | ||||||||||
Remeasurements | (2,518 | ) | ||||||||||
Net releases | (1,621 | ) | ||||||||||
Lapse of statute of limitations | (993 | ) | ||||||||||
Balance at December 31, 2012 | $ | 8,234 | ||||||||||
Additions for tax positions related to prior years | 1,686 | |||||||||||
Reductions for tax positions of prior years | (447 | ) | ||||||||||
Settlements | — | |||||||||||
Remeasurements | — | |||||||||||
Net releases | — | |||||||||||
Lapse of statute of limitations | — | |||||||||||
Balance at December 31, 2013 | $ | 9,473 | ||||||||||
Accounts_Receivable_Tables
Accounts Receivable (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Receivables [Abstract] | ' | |||||||
Accounts receivable | ' | |||||||
Accounts Receivable, net consisted of the following: | ||||||||
As of | ||||||||
31-Dec-13 | 31-Dec-12 | |||||||
(Amounts in thousands) | ||||||||
Billed | $ | 179,586 | $ | 245,678 | ||||
Unbilled | 397,550 | 534,935 | ||||||
Total | $ | 577,136 | $ | 780,613 | ||||
Retirement_Plans_Tables
Retirement Plans (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||||||||||
Schedule of pension fund | ' | ||||||||||||||||
Our participation in the IAMNPF for the years ended December 31, 2013, December 31, 2012 and December 30, 2011 is outlined in the table below. | |||||||||||||||||
Pension | FIR/RP | ||||||||||||||||
EIN/ | Protection Act | Status | Contributions of DynCorp International | Expiration | |||||||||||||
Pension Plan | Zone Status (2) | Pending / | (Amounts in thousands) | Surcharge | Date of | ||||||||||||
Pension Fund | Number | 2013 | 2012 | 2011 | Implemented | 2013 | 2012 | 2011 | Imposed | CBA | |||||||
IAMNPF (1) | 516031295 | Green | Green | Green | No | $ | 6,062 | $ | 4,686 | $ | 4,461 | No | 3/30/2014 through 3/30/2018 | ||||
Total Contributions | $ | 6,062 | $ | 4,686 | $ | 4,461 | |||||||||||
-1 | Of the thirteen collective-bargaining agreements that require contributions to this plan, the agreement with International Association of Machinists ("IAM") union employees at Pax River Naval Test Wing is the most significant as contributions under this plan for years 2014 through the expiration date of the collective-bargaining agreement will approximate $5.7 million, or 33.1% of all required contributions to the IAMNPF. | ||||||||||||||||
-2 | Unless otherwise noted, the most recent PPA zone status available in 2013, 2012 and 2011, is for the plan’s year-end status for the years ended December 31, 2013, December 31, 2012 and December 30, 2011, respectively. The zone status is based on information that the Company received from the plan and is certified by the plan's actuary. Generally, plans in the red zone are less than 65% funded, plans in the yellow zone are between 65% and 80% funded, and plans in the green zone are at least 80% funded. |
LongTerm_Debt_Tables
Long-Term Debt (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Long-term Debt, Unclassified [Abstract] | ' | |||||||
Schedule of long-term debt | ' | |||||||
Long-term debt consisted of the following: | ||||||||
As of | ||||||||
31-Dec-13 | 31-Dec-12 | |||||||
(Amounts in thousands) | ||||||||
Pre-merger 9.5% senior subordinated notes | $ | — | $ | 637 | ||||
Term loan | 277,272 | 327,272 | ||||||
10.375% senior unsecured notes | 455,000 | 455,000 | ||||||
Total indebtedness | 732,272 | 782,909 | ||||||
Less current portion of long-term debt | — | (637 | ) | |||||
Total long-term debt | $ | 732,272 | $ | 782,272 | ||||
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||||||||||
Summary of Minimum fixed rentals non-cancelable under operating leases | ' | ||||||||||||
Minimum fixed rentals non-cancelable for the next five years and thereafter under operating leases in effect as of December 31, 2013, are as follows: | |||||||||||||
Calendar Year | Real Estate | Equipment | Total | ||||||||||
(Amounts in thousands) | |||||||||||||
2014 (1) | 28,012 | 6,242 | 34,254 | ||||||||||
2015 | 13,141 | 1,951 | 15,092 | ||||||||||
2016 | 10,517 | 686 | 11,203 | ||||||||||
2017 | 9,869 | 408 | 10,277 | ||||||||||
2018 | 8,926 | — | 8,926 | ||||||||||
Thereafter | 18,863 | — | 18,863 | ||||||||||
Total | $ | 89,328 | $ | 9,287 | $ | 98,615 | |||||||
-1 | The minimum lease table above excludes agreements of one year or less in duration. These leases are accounted for in our rent expense, however, because of the short tenure of the lease, these are not reflected in the table above. |
Equity_Tables
Equity (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Equity [Abstract] | ' | |||||||||||
Disclosure of assumptions used | ' | |||||||||||
A summary of the Class B Interest plans activity for the year ended December 31, 2013 is as follows: | ||||||||||||
Number of Shares | Weighted Average Grant Date Fair Value | Contractual Term (years) | ||||||||||
Outstanding at December 31, 2012 | — | $ | — | |||||||||
Granted: | ||||||||||||
Class B-1 | 2,764 | 591.16 | 5 | |||||||||
Class B-2 | 380 | 3.54 | 5 | |||||||||
Exercised | — | — | — | |||||||||
Forfeited or expired | — | — | — | — | ||||||||
Outstanding at December 31, 2013 | 3,144 | 594.7 | ||||||||||
Schedule of option activity during the year | ' | |||||||||||
For the periods indicated, the weighted-average fair value of Class B interest and weighted-average assumptions used were as follows: | ||||||||||||
Year ended December 31, 2013 | ||||||||||||
Weighted-average fair value of options granted | 594.7 | |||||||||||
Weighted-average assumptions used: | ||||||||||||
Expected volatility | 33.5 | % | ||||||||||
Risk-free interest rate | 1.7 | % | ||||||||||
Expected dividend yield | 8 | % | ||||||||||
Expected life (in years) | 4 | |||||||||||
Forfeiture rate | 8 | % | ||||||||||
Schedule of nonvested share activity during the year | ' | |||||||||||
The following is a summary of the changes in non-vested shares for the year ended December 31, 2013. | ||||||||||||
Shares | Weighted Average Fair Value | |||||||||||
Non-vested shares at December 31, 2012 | — | $ | — | |||||||||
Granted | 3,144 | $ | 594.7 | |||||||||
Vested | (1,021 | ) | $ | 576.64 | ||||||||
Forfeited | — | $ | — | |||||||||
Non-vested shares at December 31, 2013 | 2,123 | $ | 603.37 | |||||||||
Fair_Value_of_Financial_Assets1
Fair Value of Financial Assets and Liabilities (Tables) | 12 Months Ended | ||||||||||||||
Dec. 31, 2013 | |||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||
Estimate of fair value of long-term debt based on quoted prices in active markets | ' | ||||||||||||||
Our estimate of the fair value of our long-term debt is based Level 1 and Level 2 inputs, as defined above. | |||||||||||||||
As of | |||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||
Carrying | Fair | Carrying | Fair | ||||||||||||
(Amounts in thousands) | Amount | Value | Amount | Value | |||||||||||
10.375% senior unsecured notes | $ | 455,000 | $ | 468,650 | $ | 455,000 | $ | 416,325 | |||||||
Term Loan | 277,272 | 278,658 | 327,272 | 328,908 | |||||||||||
9.5% senior subordinated notes | — | — | — | — | |||||||||||
Total long-term debt | $ | 732,272 | $ | 747,308 | $ | 782,272 | $ | 745,233 | |||||||
Segment_and_Geographic_Informa1
Segment and Geographic Information (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||
Summary of the financial information of the reportable segments reconciled | ' | ||||||||||||||||||||
The following is a summary of the financial information of the reportable segments reconciled to the amounts reported in the consolidated financial statements: | |||||||||||||||||||||
For the years ended | |||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | 30-Dec-11 | |||||||||||||||||||
(Amounts in thousands) | |||||||||||||||||||||
Revenue | |||||||||||||||||||||
DynLogistics | $ | 1,920,715 | $ | 2,709,469 | $ | 2,610,448 | |||||||||||||||
DynAviation | 1,371,928 | 1,338,514 | 1,101,218 | ||||||||||||||||||
Headquarters / Other (1) | (5,459 | ) | (3,708 | ) | 7,486 | ||||||||||||||||
Total revenue | 3,287,184 | 4,044,275 | 3,719,152 | ||||||||||||||||||
Operating (loss) / income | |||||||||||||||||||||
DynLogistics | $ | 36,243 | $ | 48,941 | $ | 51,316 | |||||||||||||||
DynAviation | (194,866 | ) | 105,327 | 71,912 | |||||||||||||||||
Headquarters / Other (2) | (48,157 | ) | (58,385 | ) | (110,857 | ) | |||||||||||||||
Total operating (loss) / income | (206,780 | ) | 95,883 | 12,371 | |||||||||||||||||
Depreciation and amortization | |||||||||||||||||||||
DynLogistics | $ | 543 | $ | 1,043 | $ | 1,141 | |||||||||||||||
DynAviation | 1,628 | 685 | 672 | ||||||||||||||||||
Headquarters / Other | 48,108 | 50,086 | 50,681 | ||||||||||||||||||
Total depreciation and amortization (3) | 50,279 | 51,814 | 52,494 | ||||||||||||||||||
-1 | Represents revenue earned on shared services arrangements for general and administrative services provided to unconsolidated joint ventures and elimination of intercompany items between segments. Additionally, revenue for our DynGlobal segment during the year ended December 31, 2013 is currently included in Headquarter/Other. | ||||||||||||||||||||
-2 | Headquarters operating expenses primarily relate to amortization of intangible assets and other costs that are not allocated to segments and are not billable to our U.S. government customers. Additionally, operating income for our DynGlobal segment in support of the development of this business during the year ended is currently included in Headquarters/Other. | ||||||||||||||||||||
-3 | Includes amounts included in Cost of services of $1.7 million, $1.6 million and 1.7 million for the year ended December 31, 2013, December 31, 2012 and December 30, 2011, respectively. | ||||||||||||||||||||
Schedule of Assets Allocation to segment | ' | ||||||||||||||||||||
As of | |||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | 30-Dec-11 | |||||||||||||||||||
(Amounts in thousands) | |||||||||||||||||||||
Assets | |||||||||||||||||||||
DynLogistics | $ | 591,304 | $ | 800,734 | $ | 1,075,775 | |||||||||||||||
DynAviation | 447,646 | 706,646 | 461,802 | ||||||||||||||||||
Headquarters / Other (1) | 460,971 | 463,336 | 476,844 | ||||||||||||||||||
Total assets | $ | 1,499,921 | $ | 1,970,716 | $ | 2,014,421 | |||||||||||||||
-1 | Assets primarily include cash, investments in unconsolidated subsidiaries, deferred tax liabilities, intangible assets (excluding goodwill) and deferred debt issuance costs. Additionally, assets for our DynGlobal segment, in support of the development of this business, during the year ended, is currently included in Headquarter/Other. | ||||||||||||||||||||
Summary of Revenue by geography | ' | ||||||||||||||||||||
Revenue by geography is determined based on the location of services provided. | |||||||||||||||||||||
For the years ended | |||||||||||||||||||||
December 31, 2013 | 31-Dec-12 | December 30, 2011 | |||||||||||||||||||
(Amounts in thousands) | |||||||||||||||||||||
United States | $ | 695,772 | 21 | % | $ | 635,293 | 16 | % | $ | 566,314 | 15 | % | |||||||||
Afghanistan | 1,845,234 | 56 | % | 2,436,714 | 60 | % | 2,095,156 | 56 | % | ||||||||||||
Middle East (1) | 534,861 | 16 | % | 730,372 | 18 | % | 784,258 | 21 | % | ||||||||||||
Other Americas | 87,759 | 3 | % | 106,160 | 3 | % | 96,326 | 3 | % | ||||||||||||
Europe | 52,365 | 2 | % | 51,209 | 1 | % | 97,062 | 3 | % | ||||||||||||
Asia-Pacific | 46,170 | 1 | % | 44,000 | 1 | % | 49,046 | 1 | % | ||||||||||||
Other | 25,023 | 1 | % | 40,527 | 1 | % | 30,990 | 1 | % | ||||||||||||
Total revenue | $ | 3,287,184 | 100 | % | $ | 4,044,275 | 100 | % | $ | 3,719,152 | 100 | % | |||||||||
-1 | The Middle East includes but is not limited to activities in Iraq, Oman, Qatar, United Arab Emirates, Kuwait, Palestine, Sudan, Pakistan, Jordan, Lebanon, Bahrain, Saudi Arabia, Turkey and Egypt. Substantially all assets owned by the Company were located in the U.S. as of December 31, 2013. |
Related_Parties_Joint_Ventures1
Related Parties, Joint Ventures and Variable Interest Entities (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Related Party Transactions [Abstract] | ' | |||||||||||
Ownership percentage of Joint Ventures and Variable Interest Entities | ' | |||||||||||
Our most significant joint ventures and VIEs and our associated ownership percentages are listed as follows: | ||||||||||||
Partnership for Temporary Housing LLC ("PaTH") | 30 | % | ||||||||||
Contingency Response Services LLC ("CRS") | 45 | % | ||||||||||
Global Response Services LLC ("GRS") | 51 | % | ||||||||||
GLS | 51 | % | ||||||||||
DynCorp International FZ - LLC ("DIFZ") | 25 | % | ||||||||||
Babcock DynCorp Limited ("Babcock") | 44 | % | ||||||||||
Selected financial information for related parties and equity method investees | ' | |||||||||||
The following tables present selected financial information for DIFZ as of December 31, 2013 and December 31, 2012 and for the years ended December 31, 2013, December 31, 2012 and December 30, 2011: | ||||||||||||
As of | ||||||||||||
(Amounts in millions) | 31-Dec-13 | 31-Dec-12 | ||||||||||
Assets | $ | 25.9 | $ | 32.7 | ||||||||
Liabilities | 22.2 | 25.9 | ||||||||||
For the years ended | ||||||||||||
(Amounts in millions) | 31-Dec-13 | 31-Dec-12 | 30-Dec-11 | |||||||||
Revenue | $ | 414.4 | $ | 510.1 | $ | 476.3 | ||||||
The following tables present selected financial information for our equity method investees as of December 31, 2013 and December 31, 2012 and for the years ended December 31, 2013, December 31, 2012 and December 30, 2011: | ||||||||||||
As of | ||||||||||||
(Amounts in millions) | 31-Dec-13 | 31-Dec-12 | ||||||||||
Current assets | $ | 86.3 | $ | 115 | ||||||||
Total assets | 86.3 | 115.1 | ||||||||||
Current liabilities | 46.4 | 59.9 | ||||||||||
Total liabilities | 44.5 | 60.4 | ||||||||||
For the years ended | ||||||||||||
(Amounts in millions) | 31-Dec-13 | 31-Dec-12 | 30-Dec-11 | |||||||||
Revenue | $ | 32.9 | $ | 234.5 | $ | 556.4 | ||||||
Gross profit | 2.5 | 17.1 | 46.4 | |||||||||
Net income | 0.5 | 13.4 | 35.7 | |||||||||
Consolidating_Financial_Statem1
Consolidating Financial Statements of Subsidiary Guarantors (Tables) | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | |||||||||||||||||||||||
Condensed Consolidating Statement of Operations Information | ' | |||||||||||||||||||||||
Delta Tucker Holdings, Inc. and Subsidiaries | ||||||||||||||||||||||||
Condensed Consolidating Statement of Operations Information | ||||||||||||||||||||||||
For the year ended December 31, 2013 | ||||||||||||||||||||||||
(Amounts in thousands) | Parent | Subsidiary | Subsidiary | Subsidiary | Eliminations | Consolidated | ||||||||||||||||||
Issuer | Guarantors | Non- | ||||||||||||||||||||||
Guarantors | ||||||||||||||||||||||||
Revenue | $ | — | $ | — | $ | 3,298,767 | $ | 445,144 | $ | (456,727 | ) | $ | 3,287,184 | |||||||||||
Cost of services | — | — | (3,006,723 | ) | (437,375 | ) | 456,845 | (2,987,253 | ) | |||||||||||||||
Selling, general and administrative expenses | — | — | (148,962 | ) | (845 | ) | (118 | ) | (149,925 | ) | ||||||||||||||
Depreciation and amortization expense | — | — | (48,028 | ) | (600 | ) | — | (48,628 | ) | |||||||||||||||
Earnings from equity method investees | — | — | 1,510 | 3,060 | — | 4,570 | ||||||||||||||||||
Impairment of goodwill, intangibles and long lived assets | — | — | (312,728 | ) | — | — | (312,728 | ) | ||||||||||||||||
Operating (loss) income | — | — | (216,164 | ) | 9,384 | — | (206,780 | ) | ||||||||||||||||
Interest expense | — | (75,001 | ) | (3,825 | ) | — | — | (78,826 | ) | |||||||||||||||
Loss on early extinguishment of debt | — | (703 | ) | — | — | — | (703 | ) | ||||||||||||||||
Interest income | — | — | 130 | 27 | — | 157 | ||||||||||||||||||
Equity in (loss) income of consolidated subsidiaries | (253,736 | ) | (204,678 | ) | 5,097 | — | 453,317 | — | ||||||||||||||||
Other (loss) income, net | — | — | (998 | ) | 188 | — | (810 | ) | ||||||||||||||||
(Loss) income before income taxes | (253,736 | ) | (280,382 | ) | (215,760 | ) | 9,599 | 453,317 | (286,962 | ) | ||||||||||||||
Benefit (provision) for income taxes | — | 26,646 | 11,082 | (267 | ) | — | 37,461 | |||||||||||||||||
Net (loss) income | (253,736 | ) | (253,736 | ) | (204,678 | ) | 9,332 | 453,317 | (249,501 | ) | ||||||||||||||
Noncontrolling interest | — | — | — | (4,235 | ) | — | (4,235 | ) | ||||||||||||||||
Net (loss) income attributable to Delta Tucker Holdings, Inc. | $ | (253,736 | ) | $ | (253,736 | ) | $ | (204,678 | ) | $ | 5,097 | $ | 453,317 | $ | (253,736 | ) | ||||||||
Delta Tucker Holdings, Inc. and Subsidiaries | ||||||||||||||||||||||||
Condensed Consolidating Statement of Operations Information | ||||||||||||||||||||||||
For the year ended December 31, 2012 | ||||||||||||||||||||||||
(Amounts in thousands) | Parent | Subsidiary | Subsidiary | Subsidiary | Eliminations | Consolidated | ||||||||||||||||||
Issuer | Guarantors | Non- | ||||||||||||||||||||||
Guarantors | ||||||||||||||||||||||||
Revenue | $ | — | $ | — | $ | 4,077,449 | $ | 538,118 | $ | (571,292 | ) | $ | 4,044,275 | |||||||||||
Cost of services | — | — | (3,743,400 | ) | (514,653 | ) | 559,121 | (3,698,932 | ) | |||||||||||||||
Selling, general and administrative expenses | — | — | (149,236 | ) | (12,297 | ) | 12,171 | (149,362 | ) | |||||||||||||||
Depreciation and amortization expense | — | — | (49,658 | ) | (602 | ) | — | (50,260 | ) | |||||||||||||||
Earnings from equity method investees | — | — | 825 | — | — | 825 | ||||||||||||||||||
Impairment of goodwill | — | — | (44,594 | ) | — | — | (44,594 | ) | ||||||||||||||||
Impairment of intangibles | — | — | (6,069 | ) | — | — | (6,069 | ) | ||||||||||||||||
Operating income | — | — | 85,317 | 10,566 | — | 95,883 | ||||||||||||||||||
Interest expense | — | (80,078 | ) | (6,194 | ) | — | — | (86,272 | ) | |||||||||||||||
Loss on early extinguishment of debt | — | (2,094 | ) | — | — | — | (2,094 | ) | ||||||||||||||||
Interest income | — | — | 108 | 9 | — | 117 | ||||||||||||||||||
Equity in (loss) income of consolidated subsidiaries | (8,937 | ) | (16,604 | ) | 4,050 | — | 21,491 | — | ||||||||||||||||
Other income (loss), net | — | — | 4,814 | (142 | ) | — | 4,672 | |||||||||||||||||
(Loss) income before income taxes | (8,937 | ) | (98,776 | ) | 88,095 | 10,433 | 21,491 | 12,306 | ||||||||||||||||
Benefit (provision) for income taxes | — | 89,839 | (104,699 | ) | (738 | ) | — | (15,598 | ) | |||||||||||||||
Net (loss) income | (8,937 | ) | (8,937 | ) | (16,604 | ) | 9,695 | 21,491 | (3,292 | ) | ||||||||||||||
Noncontrolling interest | — | — | — | (5,645 | ) | — | (5,645 | ) | ||||||||||||||||
Net (loss) income attributable to Delta Tucker Holdings, Inc. | $ | (8,937 | ) | $ | (8,937 | ) | $ | (16,604 | ) | $ | 4,050 | $ | 21,491 | $ | (8,937 | ) | ||||||||
Delta Tucker Holdings, Inc. and Subsidiaries | ||||||||||||||||||||||||
Condensed Consolidating Statement of Operations Information | ||||||||||||||||||||||||
For the year ended December 30, 2011 | ||||||||||||||||||||||||
(Amounts in thousands) | Parent | Subsidiary | Subsidiary | Subsidiary | Eliminations | Consolidated | ||||||||||||||||||
Issuer | Guarantors | Non- | ||||||||||||||||||||||
Guarantors | ||||||||||||||||||||||||
Revenue | $ | — | $ | — | $ | 3,739,576 | $ | 515,659 | $ | (536,083 | ) | $ | 3,719,152 | |||||||||||
Cost of services | — | — | (3,437,997 | ) | (494,098 | ) | 523,253 | (3,408,842 | ) | |||||||||||||||
Selling, general and administrative expenses | — | — | (148,874 | ) | (13,507 | ) | 12,830 | (149,551 | ) | |||||||||||||||
Depreciation and amortization expense | — | — | (50,142 | ) | (631 | ) | — | (50,773 | ) | |||||||||||||||
Earnings from equity method investees | — | — | 12,800 | — | — | 12,800 | ||||||||||||||||||
Impairment of equity method investment | — | — | (76,647 | ) | — | — | (76,647 | ) | ||||||||||||||||
Impairment of goodwill | — | — | (33,768 | ) | — | — | (33,768 | ) | ||||||||||||||||
Operating income | — | — | 4,948 | 7,423 | — | 12,371 | ||||||||||||||||||
Interest expense | — | (88,546 | ) | (3,206 | ) | — | — | (91,752 | ) | |||||||||||||||
Loss on early extinguishment of debt | — | (7,267 | ) | — | — | — | (7,267 | ) | ||||||||||||||||
Interest income | — | — | 203 | 2 | — | 205 | ||||||||||||||||||
Equity in (loss) income of consolidated subsidiaries | (62,056 | ) | 9,181 | 4,174 | — | 48,701 | — | |||||||||||||||||
Other income, net | — | — | 6,032 | 39 | — | 6,071 | ||||||||||||||||||
(Loss) income before income taxes | (62,056 | ) | (86,632 | ) | 12,151 | 7,464 | 48,701 | (80,372 | ) | |||||||||||||||
Benefit (provision) for income taxes | — | 24,576 | (2,970 | ) | (665 | ) | — | 20,941 | ||||||||||||||||
Net (loss) income | (62,056 | ) | (62,056 | ) | 9,181 | 6,799 | 48,701 | (59,431 | ) | |||||||||||||||
Noncontrolling interest | — | — | — | (2,625 | ) | — | (2,625 | ) | ||||||||||||||||
Net (loss) income attributable to Delta Tucker Holdings, Inc. | $ | (62,056 | ) | $ | (62,056 | ) | $ | 9,181 | $ | 4,174 | $ | 48,701 | $ | (62,056 | ) | |||||||||
Schedule of Condensed Statement of Comprehensive Income | ' | |||||||||||||||||||||||
Delta Tucker Holdings, Inc. and Subsidiaries | ||||||||||||||||||||||||
Condensed Consolidating Statement of Comprehensive Income | ||||||||||||||||||||||||
For the year ended December 31, 2013 | ||||||||||||||||||||||||
(Amounts in thousands) | Parent | Subsidiary Issuer | Subsidiary Guarantors | Subsidiary Non-Guarantors | Eliminations | Consolidated | ||||||||||||||||||
Net (loss) income | $ | (253,736 | ) | $ | (253,736 | ) | $ | (204,678 | ) | $ | 9,332 | $ | 453,317 | $ | (249,501 | ) | ||||||||
Other comprehensive income: | ||||||||||||||||||||||||
Currency translation adjustment | (437 | ) | (437 | ) | (242 | ) | (195 | ) | 874 | (437 | ) | |||||||||||||
Other comprehensive income, before tax | (437 | ) | (437 | ) | (242 | ) | (195 | ) | 874 | (437 | ) | |||||||||||||
Income tax expense related to items of other comprehensive income | 157 | 157 | 86 | 70 | (313 | ) | 157 | |||||||||||||||||
Other comprehensive income | (280 | ) | (280 | ) | (156 | ) | (125 | ) | 561 | (280 | ) | |||||||||||||
Comprehensive (loss) income | (254,016 | ) | (254,016 | ) | (204,834 | ) | 9,207 | 453,878 | (249,781 | ) | ||||||||||||||
Noncontrolling interest | — | — | — | (4,235 | ) | — | (4,235 | ) | ||||||||||||||||
Comprehensive (loss) income attributable to Delta Tucker Holdings, Inc. | $ | (254,016 | ) | $ | (254,016 | ) | $ | (204,834 | ) | $ | 4,972 | $ | 453,878 | $ | (254,016 | ) | ||||||||
Delta Tucker Holdings, Inc. and Subsidiaries | ||||||||||||||||||||||||
Condensed Consolidating Statement of Comprehensive Income | ||||||||||||||||||||||||
For the year ended December 31, 2012 | ||||||||||||||||||||||||
(Amounts in thousands) | Parent | Subsidiary Issuer | Subsidiary Guarantors | Subsidiary Non-Guarantors | Eliminations | Consolidated | ||||||||||||||||||
Net (loss) income | $ | (8,937 | ) | $ | (8,937 | ) | $ | (16,604 | ) | $ | 9,695 | $ | 21,491 | $ | (3,292 | ) | ||||||||
Other comprehensive income: | ||||||||||||||||||||||||
Currency translation adjustment | 225 | 225 | 123 | 102 | (450 | ) | 225 | |||||||||||||||||
Other comprehensive income, before tax | 225 | 225 | 123 | 102 | (450 | ) | 225 | |||||||||||||||||
Income tax expense related to items of other comprehensive income | (83 | ) | (83 | ) | (45 | ) | (38 | ) | 166 | (83 | ) | |||||||||||||
Other comprehensive income | 142 | 142 | 78 | 64 | (284 | ) | 142 | |||||||||||||||||
Comprehensive (loss) income | (8,795 | ) | (8,795 | ) | (16,526 | ) | 9,759 | 21,207 | (3,150 | ) | ||||||||||||||
Noncontrolling interest | — | — | — | (5,645 | ) | — | (5,645 | ) | ||||||||||||||||
Comprehensive (loss) income attributable to Delta Tucker Holdings, Inc. | $ | (8,795 | ) | $ | (8,795 | ) | $ | (16,526 | ) | $ | 4,114 | $ | 21,207 | $ | (8,795 | ) | ||||||||
Delta Tucker Holdings, Inc. and Subsidiaries | ||||||||||||||||||||||||
Condensed Consolidating Statement of Comprehensive Income | ||||||||||||||||||||||||
For the year ended December 30, 2011 | ||||||||||||||||||||||||
(Amounts in thousands) | Parent | Subsidiary Issuer | Subsidiary Guarantors | Subsidiary Non-Guarantors | Eliminations | Consolidated | ||||||||||||||||||
Net (loss) income | $ | (62,056 | ) | $ | (62,056 | ) | $ | 9,181 | $ | 6,799 | $ | 48,701 | $ | (59,431 | ) | |||||||||
Other comprehensive income: | ||||||||||||||||||||||||
Currency translation adjustment | (312 | ) | (312 | ) | (187 | ) | (125 | ) | 624 | (312 | ) | |||||||||||||
Other comprehensive income, before tax | (312 | ) | (312 | ) | (187 | ) | (125 | ) | 624 | (312 | ) | |||||||||||||
Income tax expense related to items of other comprehensive income | 111 | 111 | 67 | 44 | (222 | ) | 111 | |||||||||||||||||
Other comprehensive loss | (201 | ) | (201 | ) | (120 | ) | (81 | ) | 402 | (201 | ) | |||||||||||||
Comprehensive (loss) income | (62,257 | ) | (62,257 | ) | 9,061 | 6,718 | 49,103 | (59,632 | ) | |||||||||||||||
Noncontrolling interest | — | — | — | (2,625 | ) | — | (2,625 | ) | ||||||||||||||||
Comprehensive (loss) income attributable to Delta Tucker Holdings, Inc. | $ | (62,257 | ) | $ | (62,257 | ) | $ | 9,061 | $ | 4,093 | $ | 49,103 | $ | (62,257 | ) | |||||||||
Condensed Consolidating Balance Sheet Information | ' | |||||||||||||||||||||||
Delta Tucker Holdings, Inc. and Subsidiaries | ||||||||||||||||||||||||
Condensed Consolidating Balance Sheet Information | ||||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||
(Amounts in thousands) | Parent | Subsidiary | Subsidiary | Subsidiary | Eliminations | Consolidated | ||||||||||||||||||
Issuer | Guarantors | Non- | ||||||||||||||||||||||
Guarantors | ||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||
Current assets: | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | 144,025 | $ | 26,820 | $ | — | $ | 170,845 | ||||||||||||
Restricted cash | — | — | 1,659 | — | — | 1,659 | ||||||||||||||||||
Accounts receivable, net | — | — | 596,901 | 1,990 | (21,755 | ) | 577,136 | |||||||||||||||||
Intercompany receivables | — | — | 173,987 | 7,857 | (181,844 | ) | — | |||||||||||||||||
Prepaid expenses and other current assets | — | — | 123,761 | 456 | 293 | 124,510 | ||||||||||||||||||
Total current assets | — | — | 1,040,333 | 37,123 | (203,306 | ) | 874,150 | |||||||||||||||||
Property and equipment, net | — | — | 23,797 | 323 | — | 24,120 | ||||||||||||||||||
Goodwill | — | — | 261,367 | 32,400 | — | 293,767 | ||||||||||||||||||
Tradenames, net | — | — | 43,464 | — | — | 43,464 | ||||||||||||||||||
Other intangibles, net | — | — | 224,152 | 1,087 | — | 225,239 | ||||||||||||||||||
Investment in subsidiaries | 228,870 | 1,095,853 | 45,383 | — | (1,370,106 | ) | — | |||||||||||||||||
Other assets, net | 891 | 17,525 | 20,765 | — | — | 39,181 | ||||||||||||||||||
Total assets | $ | 229,761 | $ | 1,113,378 | $ | 1,659,261 | $ | 70,933 | $ | (1,573,412 | ) | $ | 1,499,921 | |||||||||||
LIABILITIES & EQUITY | ||||||||||||||||||||||||
Current liabilities: | ||||||||||||||||||||||||
Current portion of long-term debt | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||
Accounts payable | — | — | 192,456 | 2,243 | (1,553 | ) | 193,146 | |||||||||||||||||
Accrued payroll and employee costs | — | — | 111,547 | 22,770 | (19,983 | ) | 114,334 | |||||||||||||||||
Intercompany payables | 45,976 | 128,011 | 7,857 | — | (181,844 | ) | — | |||||||||||||||||
Deferred income taxes | — | — | 30,960 | 5 | — | 30,965 | ||||||||||||||||||
Other accrued liabilities | — | 24,225 | 175,796 | 438 | 74 | 200,533 | ||||||||||||||||||
Income taxes payable | — | — | 13,926 | 94 | — | 14,020 | ||||||||||||||||||
Total current liabilities | 45,976 | 152,236 | 532,542 | 25,550 | (203,306 | ) | 552,998 | |||||||||||||||||
Long-term debt, less current portion | — | 732,272 | — | — | — | 732,272 | ||||||||||||||||||
Long-term deferred taxes | — | — | 17,359 | — | — | 17,359 | ||||||||||||||||||
Other long-term liabilities | — | — | 7,632 | — | — | 7,632 | ||||||||||||||||||
Noncontrolling interests | — | — | 5,875 | — | — | 5,875 | ||||||||||||||||||
Equity | 183,785 | 228,870 | 1,095,853 | 45,383 | (1,370,106 | ) | 183,785 | |||||||||||||||||
Total liabilities and equity | $ | 229,761 | $ | 1,113,378 | $ | 1,659,261 | $ | 70,933 | $ | (1,573,412 | ) | $ | 1,499,921 | |||||||||||
Delta Tucker Holdings, Inc. and Subsidiaries | ||||||||||||||||||||||||
Condensed Consolidating Balance Sheet Information | ||||||||||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||||
(Amounts in thousands) | Parent | Subsidiary | Subsidiary | Subsidiary | Eliminations | Consolidated | ||||||||||||||||||
Issuer | Guarantors | Non- | ||||||||||||||||||||||
Guarantors | ||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||
Current assets: | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | 74,907 | $ | 43,868 | $ | — | $ | 118,775 | ||||||||||||
Restricted cash | — | — | 1,659 | — | — | 1,659 | ||||||||||||||||||
Accounts receivable, net | — | — | 781,649 | 2,548 | (3,584 | ) | 780,613 | |||||||||||||||||
Intercompany receivables | — | — | 164,048 | — | (164,048 | ) | — | |||||||||||||||||
Prepaid expenses and other current assets | — | — | 75,874 | 2,485 | 864 | 79,223 | ||||||||||||||||||
Total current assets | — | — | 1,098,137 | 48,901 | (166,768 | ) | 980,270 | |||||||||||||||||
Property and equipment, net | — | — | 25,494 | 713 | — | 26,207 | ||||||||||||||||||
Goodwill | — | — | 571,653 | 32,399 | — | 604,052 | ||||||||||||||||||
Tradenames, net | — | — | 43,643 | — | — | 43,643 | ||||||||||||||||||
Other intangibles, net | — | — | 265,014 | 1,520 | — | 266,534 | ||||||||||||||||||
Investment in subsidiaries | 482,627 | 1,373,820 | 42,749 | — | (1,899,196 | ) | — | |||||||||||||||||
Other assets, net | 1,353 | 22,911 | 25,746 | — | — | 50,010 | ||||||||||||||||||
Total assets | $ | 483,980 | $ | 1,396,731 | $ | 2,072,436 | $ | 83,533 | $ | (2,065,964 | ) | $ | 1,970,716 | |||||||||||
LIABILITIES & EQUITY | ||||||||||||||||||||||||
Current liabilities: | ||||||||||||||||||||||||
Current portion of long-term debt | $ | — | $ | — | $ | 637 | $ | — | $ | — | $ | 637 | ||||||||||||
Accounts payable | — | — | 284,616 | 2,944 | (210 | ) | 287,350 | |||||||||||||||||
Accrued payroll and employee costs | — | — | 126,122 | 26,538 | (24,849 | ) | 127,811 | |||||||||||||||||
Intercompany payables | 46,438 | 107,414 | — | 10,196 | (164,048 | ) | — | |||||||||||||||||
Deferred income taxes | — | — | 59,027 | 5 | — | 59,032 | ||||||||||||||||||
Other accrued liabilities | — | 24,418 | 154,939 | 767 | 22,339 | 202,463 | ||||||||||||||||||
Income taxes payable | — | — | 3,737 | 334 | — | 4,071 | ||||||||||||||||||
Total current liabilities | 46,438 | 131,832 | 629,078 | 40,784 | (166,768 | ) | 681,364 | |||||||||||||||||
Long-term debt, less current portion | — | 782,272 | — | — | — | 782,272 | ||||||||||||||||||
Long-term deferred taxes | — | — | 50,303 | — | — | 50,303 | ||||||||||||||||||
Other long-term liabilities | — | — | 11,023 | — | — | 11,023 | ||||||||||||||||||
Noncontrolling interests | — | — | 8,212 | — | — | 8,212 | ||||||||||||||||||
Equity | 437,542 | 482,627 | 1,373,820 | 42,749 | (1,899,196 | ) | 437,542 | |||||||||||||||||
Total liabilities and equity | $ | 483,980 | $ | 1,396,731 | $ | 2,072,436 | $ | 83,533 | $ | (2,065,964 | ) | $ | 1,970,716 | |||||||||||
Condensed Consolidating Statement of Cash Flow Information | ' | |||||||||||||||||||||||
Delta Tucker Holdings, Inc. and Subsidiaries | ||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flow Information | ||||||||||||||||||||||||
For the year ended December 31, 2013 | ||||||||||||||||||||||||
(Amounts in thousands) | Parent | Subsidiary | Subsidiary | Subsidiary | Eliminations | Consolidated | ||||||||||||||||||
Issuer | Guarantors | Non- | ||||||||||||||||||||||
Guarantors | ||||||||||||||||||||||||
Net cash provided by (used in) operating activities | $ | 461 | $ | 30,040 | $ | 101,590 | $ | 9,793 | $ | (4,382 | ) | $ | 137,502 | |||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||
Purchase of property and equipment, net | — | — | (7,604 | ) | (24 | ) | — | (7,628 | ) | |||||||||||||||
Proceeds from sale of property and equipment | — | — | 182 | — | — | 182 | ||||||||||||||||||
Purchase of software | — | — | (2,718 | ) | — | — | (2,718 | ) | ||||||||||||||||
Return of capital from equity method investees | — | — | 2,223 | — | — | 2,223 | ||||||||||||||||||
Contributions to equity method investees | — | — | (30 | ) | — | — | (30 | ) | ||||||||||||||||
Net cash used in investing activities | — | — | (7,947 | ) | (24 | ) | — | (7,971 | ) | |||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||
Borrowings on long-term debt | — | 745,900 | — | — | — | 745,900 | ||||||||||||||||||
Payments on long-term debt | — | (796,537 | ) | — | — | — | (796,537 | ) | ||||||||||||||||
Payments of deferred financing cost | — | — | (2,139 | ) | — | — | (2,139 | ) | ||||||||||||||||
Borrowings related to financed insurance | — | — | 9,431 | — | — | 9,431 | ||||||||||||||||||
Payments related to financed insurance | — | — | (29,734 | ) | — | — | (29,734 | ) | ||||||||||||||||
Payments of dividends to Parent | — | — | — | (8,764 | ) | 4,382 | (4,382 | ) | ||||||||||||||||
Transfers (to) from affiliates | (461 | ) | 20,597 | (2,083 | ) | (18,053 | ) | — | — | |||||||||||||||
Net cash (used in) provided by financing activities | (461 | ) | (30,040 | ) | (24,525 | ) | (26,817 | ) | 4,382 | (77,461 | ) | |||||||||||||
Net increase in cash and cash equivalents | — | — | 69,118 | (17,048 | ) | — | 52,070 | |||||||||||||||||
Cash and cash equivalents, beginning of period | — | — | 74,907 | 43,868 | — | 118,775 | ||||||||||||||||||
Cash and cash equivalents, end of period | $ | — | $ | — | $ | 144,025 | $ | 26,820 | $ | — | $ | 170,845 | ||||||||||||
Delta Tucker Holdings, Inc. and Subsidiaries | ||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flow Information | ||||||||||||||||||||||||
For the year ended December 31, 2012 | ||||||||||||||||||||||||
(Amounts in thousands) | Parent | Subsidiary | Subsidiary | Subsidiary | Eliminations | Consolidated | ||||||||||||||||||
Issuer | Guarantors | Non- | ||||||||||||||||||||||
Guarantors | ||||||||||||||||||||||||
Net cash provided by (used in) operating activities | $ | 664 | $ | 103,223 | $ | 29,660 | $ | 13,309 | $ | (2,666 | ) | $ | 144,190 | |||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||
Purchase of property and equipment, net | — | — | (5,467 | ) | (61 | ) | — | (5,528 | ) | |||||||||||||||
Proceeds from sale of property and equipment | — | — | 25 | — | — | 25 | ||||||||||||||||||
Cash paid for acquisition, net of cash acquired | — | — | (11,746 | ) | — | — | (11,746 | ) | ||||||||||||||||
Purchase of software | — | — | (2,590 | ) | — | — | (2,590 | ) | ||||||||||||||||
Return of capital from equity method investees | — | — | 9,154 | — | — | 9,154 | ||||||||||||||||||
Contributions to equity method investees | — | — | (1,478 | ) | — | — | (1,478 | ) | ||||||||||||||||
Net cash used in investing activities | — | — | (12,102 | ) | (61 | ) | — | (12,163 | ) | |||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||
Borrowings on long-term debt | — | 325,000 | — | — | — | 325,000 | ||||||||||||||||||
Payments on long-term debt | — | (415,000 | ) | — | — | — | (415,000 | ) | ||||||||||||||||
Borrowings related to financed insurance | — | — | 62,580 | — | — | 62,580 | ||||||||||||||||||
Payments related to financed insurance | — | — | (53,918 | ) | — | — | (53,918 | ) | ||||||||||||||||
Payments of dividends to Parent | — | — | — | (4,785 | ) | 2,666 | (2,119 | ) | ||||||||||||||||
Transfers (to) from affiliates | (664 | ) | (13,223 | ) | 2,963 | 10,924 | — | — | ||||||||||||||||
Net cash (used in) provided by financing activities | (664 | ) | (103,223 | ) | 11,625 | 6,139 | 2,666 | (83,457 | ) | |||||||||||||||
Net increase in cash and cash equivalents | — | — | 29,183 | 19,387 | — | 48,570 | ||||||||||||||||||
Cash and cash equivalents, beginning of period | — | — | 45,724 | 24,481 | — | 70,205 | ||||||||||||||||||
Cash and cash equivalents, end of period | $ | — | $ | — | $ | 74,907 | $ | 43,868 | $ | — | $ | 118,775 | ||||||||||||
Delta Tucker Holdings, Inc. and Subsidiaries | ||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flow Information | ||||||||||||||||||||||||
For the year ended December 30, 2011 | ||||||||||||||||||||||||
(Amounts in thousands) | Parent | Subsidiary | Subsidiary | Subsidiary | Eliminations | Consolidated | ||||||||||||||||||
Issuer | Guarantors | Non- | ||||||||||||||||||||||
Guarantors | ||||||||||||||||||||||||
Net cash provided by (used in) operating activities | $ | 12,582 | $ | 37,893 | $ | 124,719 | $ | (4,918 | ) | $ | (2,290 | ) | $ | 167,986 | ||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||
Purchase of property and equipment, net | — | — | (4,838 | ) | (4 | ) | — | (4,842 | ) | |||||||||||||||
Return of capital from equity method investees | — | — | 9,147 | — | — | 9,147 | ||||||||||||||||||
Contributions to equity method investees | — | — | (7,308 | ) | — | — | (7,308 | ) | ||||||||||||||||
Transfers (to) from affiliates | — | — | — | 12,441 | (12,441 | ) | — | |||||||||||||||||
Net cash (used in) provided by investing activities | — | — | (2,999 | ) | 12,437 | (12,441 | ) | (3,003 | ) | |||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||
Borrowings on long-term debt | — | 366,700 | — | — | — | 366,700 | ||||||||||||||||||
Payments on long-term debt | — | (518,003 | ) | — | — | — | (518,003 | ) | ||||||||||||||||
Transfers (to) from affiliates | (12,582 | ) | 113,410 | (126,235 | ) | 12,966 | 12,441 | — | ||||||||||||||||
Payments of dividends to Parent | — | — | — | (3,435 | ) | 2,290 | (1,145 | ) | ||||||||||||||||
Other financing activities | — | — | 4,133 | 1,000 | — | 5,133 | ||||||||||||||||||
Net cash (used in) provided by financing activities | (12,582 | ) | (37,893 | ) | (122,102 | ) | 10,531 | 14,731 | (147,315 | ) | ||||||||||||||
Net (decrease) increase in cash and cash equivalents | — | — | (382 | ) | 18,050 | — | 17,668 | |||||||||||||||||
Cash and cash equivalents, beginning of period | — | — | 46,106 | 6,431 | — | 52,537 | ||||||||||||||||||
Cash and cash equivalents, end of period | $ | — | $ | — | $ | 45,724 | $ | 24,481 | $ | — | $ | 70,205 | ||||||||||||
Significant_Accounting_Policie3
Significant Accounting Policies and Accounting Developments (Details) | 0 Months Ended | 12 Months Ended |
Jan. 18, 2013 | Dec. 31, 2013 | |
Partnership for Temporary Housing LLC [Member] | ' | ' |
Variable Interest Entity ownership percentages | ' | ' |
Variable Interest Entity ownership percentage | 30.00% | 30.00% |
Contingency Response Services LLC [Member] | ' | ' |
Variable Interest Entity ownership percentages | ' | ' |
Variable Interest Entity ownership percentage | ' | 45.00% |
Global Response Services LLC [Member] | ' | ' |
Variable Interest Entity ownership percentages | ' | ' |
Variable Interest Entity ownership percentage | ' | 51.00% |
Global Linguist Solutions LLC [Member] | ' | ' |
Variable Interest Entity ownership percentages | ' | ' |
Variable Interest Entity ownership percentage | ' | 51.00% |
Significant_Accounting_Policie4
Significant Accounting Policies and Accounting Developments (Details 1) | 12 Months Ended |
Dec. 31, 2013 | |
Babcock DynCorp Limited [Member] | ' |
Equity Method Investment ownership percentages | ' |
Variable Interest Entity ownership percentage | 44.00% |
Dyncorp International FZ LLC [Member] | ' |
Equity Method Investment ownership percentages | ' |
Variable Interest Entity ownership percentage | 25.00% |
Significant_Accounting_Policie5
Significant Accounting Policies and Accounting Developments (Details 2) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Aggregate gross favorable and unfavorable adjustments to income (loss) before income taxes | ' | ' | ' |
Gross favorable adjustments | $45.80 | $29.30 | $16 |
Gross unfavorable adjustments | -20.7 | -9.7 | -4.4 |
Net adjustments | $25.10 | $19.60 | $11.60 |
Significant_Accounting_Policie6
Significant Accounting Policies and Accounting Developments (Details 3) | 12 Months Ended |
Dec. 31, 2013 | |
Summary of standard depreciation and amortization policies | ' |
Leasehold improvements | 'Shorter of lease term or useful life |
Maximum [Member] | Computer and related equipment [Member] | ' |
Summary of standard depreciation and amortization policies | ' |
Property, plant, and equipment useful life | '5 years |
Maximum [Member] | Furniture and other equipment [Member] | ' |
Summary of standard depreciation and amortization policies | ' |
Property, plant, and equipment useful life | '10 years |
Minimum [Member] | Computer and related equipment [Member] | ' |
Summary of standard depreciation and amortization policies | ' |
Property, plant, and equipment useful life | '3 years |
Minimum [Member] | Furniture and other equipment [Member] | ' |
Summary of standard depreciation and amortization policies | ' |
Property, plant, and equipment useful life | '2 years |
Significant_Accounting_Policie7
Significant Accounting Policies and Accounting Developments (Details Textual) (USD $) | 1 Months Ended | 12 Months Ended | 27 Months Ended | ||
Apr. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Mar. 31, 2013 | Mar. 15, 2012 | |
segment | segment | operating_and_reporting_segment | |||
operating_and_reporting_segment | |||||
group | |||||
Significant Accounting Policies and Accounting Developments (Textual) [Abstract] | ' | ' | ' | ' | ' |
Holders of DynCorp Internationals stock received | ' | ' | $17.55 | ' | ' |
Companies current fiscal year period basis | ' | ' | '52-53 week | ' | ' |
Number of equity method investees classification groups | ' | 2 | ' | ' | ' |
Percentage of interest in joint venture | ' | 100.00% | ' | ' | ' |
Ownership interest | ' | 100.00% | ' | ' | 50.00% |
Income tax settlement position | ' | 100.00% | ' | ' | ' |
Maturity of cash and cash equivalents | ' | 'three months or less | ' | ' | ' |
Number of operating and reporting segments before reorganization | ' | 6 | ' | ' | ' |
Number of operating and reportable segment | 3 | 3 | ' | 3 | ' |
Composition_of_Certain_Financi2
Composition of Certain Financial Statement Captions (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Prepaid expenses and other current assets | ' | ' |
Prepaid expenses | $29,611 | $40,474 |
Income tax refunds receivable | 7,334 | 376 |
Inventories | 27,008 | 16,330 |
Aircraft parts inventory held on consignment | 2,404 | 2,676 |
Work-in-process inventory, net | 28,444 | 9,371 |
Joint venture receivables | 2,251 | 1,248 |
Favorable contracts | 0 | 426 |
Assets held for sale | 3,017 | 0 |
Other current assets | 24,441 | 8,322 |
Total prepaid expenses and other current assets | $124,510 | $79,223 |
Composition_of_Certain_Financi3
Composition of Certain Financial Statement Captions (Details 1) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property and equipment, net | ' | ' |
Helicopters | $4,007 | $11,497 |
Computers and other equipment | 14,258 | 13,045 |
Leasehold improvements | 17,585 | 10,026 |
Office furniture and fixtures | 3,006 | 4,877 |
Gross property and equipment | 38,856 | 39,445 |
Less accumulated depreciation | -14,736 | -13,238 |
Total property and equipment, net | $24,120 | $26,207 |
Composition_of_Certain_Financi4
Composition of Certain Financial Statement Captions (Details 2) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Other assets, net | ' | ' |
Deferred financing costs, net | $17,526 | $22,918 |
Investment in affiliates | 13,477 | 20,348 |
Palm promissory notes, long-term portion | 2,731 | 4,037 |
Other | 5,447 | 2,707 |
Total other assets, net | $39,181 | $50,010 |
Composition_of_Certain_Financi5
Composition of Certain Financial Statement Captions (Details 3) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | ' |
Wages, compensation and other benefits | $93,007 | $105,293 |
Accrued vacation | 20,383 | 21,484 |
Accrued contributions to employee benefit plans | 944 | 1,034 |
Total accrued payroll and employee costs | $114,334 | $127,811 |
Composition_of_Certain_Financi6
Composition of Certain Financial Statement Captions (Details 4) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accrued liabilities | ' | ' |
Customer liability | $61,856 | $39,954 |
Accrued insurance | 40,120 | 62,670 |
Accrued interest | 24,641 | 24,847 |
Unrecognized tax benefit | 10,132 | 0 |
Unfavorable contract liability | 0 | 4,572 |
Contract losses | 13,738 | 9,948 |
Legal reserves | 14,147 | 12,772 |
Subcontractor retention | 4,300 | 8,448 |
Financed insurance | 6,162 | 26,466 |
Other | 25,437 | 12,786 |
Total accrued liabilities | $200,533 | $202,463 |
Composition_of_Certain_Financi7
Composition of Certain Financial Statement Captions (Details 5) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Other liabilities | ' | ' |
Unrecognized tax benefit, net | $0 | $3,293 |
Unfavorable lease accrual | 0 | 4,504 |
Other | 7,632 | 3,226 |
Total other long-term liabilities | $7,632 | $11,023 |
Composition_of_Certain_Financi8
Composition of Certain Financial Statement Captions (Details Textual) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | |
Helicopter | Helicopter | ||
Composition of Certain Financial Statement Captions (Textual) [Abstract] | ' | ' | ' |
Number of helicopters | 7 | 7 | ' |
Value of helicopters | $5,600,000 | $8,200,000 | ' |
Number of helicopters classified as held-for-sale | 6 | ' | ' |
Impairment charge | 2,400,000 | ' | ' |
Inventory related to former Life Cycle Support Services Navy contract | 2,404,000 | 2,676,000 | ' |
Probable contingency, liability/Reserve on liability | 25,400,000 | ' | ' |
Accrual for property additions | 3,800,000 | 500,000 | 1,700,000 |
Depreciation expense | 5,900,000 | 5,700,000 | 5,500,000 |
Deferred financing cost | 6,800,000 | 7,700,000 | 8,400,000 |
Prepayment of loan | 50,000,000 | 90,000,000 | ' |
Investment in affiliates | 2,200,000 | 7,700,000 | ' |
Postemployment benefit expense | 7,300,000 | ' | ' |
Other Accrued Liabilities [Member] | ' | ' | ' |
Composition of Certain Financial Statement Captions (Textual) [Abstract] | ' | ' | ' |
Lease vacancy obligations, net of estimated sublease rental assumptions | 7,800,000 | ' | ' |
Employee Relocation [Member] | ' | ' | ' |
Composition of Certain Financial Statement Captions (Textual) [Abstract] | ' | ' | ' |
Relocation expense | 3,900,000 | ' | ' |
Tysons Corner [Member] | ' | ' | ' |
Composition of Certain Financial Statement Captions (Textual) [Abstract] | ' | ' | ' |
Long-term lease obligation | 4,700,000 | ' | ' |
Subsequent Event [Member] | ' | ' | ' |
Composition of Certain Financial Statement Captions (Textual) [Abstract] | ' | ' | ' |
Number of helicopters sold below carrying value | 1 | ' | ' |
Term Loan Facility [Member] | ' | ' | ' |
Composition of Certain Financial Statement Captions (Textual) [Abstract] | ' | ' | ' |
Reduction in deferred financing cost | 700,000 | 2,100,000 | ' |
Pending Litigation [Member] | Loss from Catastrophes [Member] | ' | ' | ' |
Composition of Certain Financial Statement Captions (Textual) [Abstract] | ' | ' | ' |
Loss Contingency Accrual | $9,800,000 | ' | ' |
Goodwill_and_other_Intangible_2
Goodwill and other Intangible Assets (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||||||||
In Thousands, unless otherwise specified | Sep. 28, 2012 | Sep. 27, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | ||||||||
DynAviation [Member] | DynAviation [Member] | DynAviation [Member] | DynLogistics [Member] | DynLogistics [Member] | DynLogistics [Member] | DynGlobal [Member] | DynGlobal [Member] | DynGlobal [Member] | All Segments [Member] | All Segments [Member] | All Segments [Member] | ||||||||||||||
Goodwill balances for segments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||
Balance | ' | $604,052 | ' | ' | $293,767 | $442,393 | $439,350 | $439,350 | $161,659 | $206,253 | $240,021 | $0 | $0 | $0 | $604,052 | $645,603 | $679,371 | ||||||||
Impairment of goodwill, intangibles and long lived assets | ' | -28,824 | -44,594 | -33,768 | ' | -281,461 | [1] | 0 | [2] | 0 | -28,824 | [1] | -44,594 | [2] | -33,768 | 0 | [1] | 0 | [2] | 0 | -310,285 | [1] | -44,594 | [2] | -33,768 |
Heliworks acquisition | 3,043 | ' | ' | ' | ' | ' | 3,043 | [3] | ' | ' | 0 | [3] | ' | ' | 0 | [3] | ' | ' | 3,043 | [3] | ' | ||||
Balance | ' | ' | $604,052 | ' | $293,767 | $160,932 | $442,393 | $439,350 | $132,835 | $161,659 | $206,253 | $0 | $0 | $0 | $293,767 | $604,052 | $645,603 | ||||||||
[1] | Includes goodwill impairment of the AO and IS reporting units within the DynAviation and DynLogistics segment for the year ended December 31, 2013. | ||||||||||||||||||||||||
[2] | Represents the non-cash impairment charges within the DynLogistics segment for the year ended December 31, 2012. | ||||||||||||||||||||||||
[3] | Includes $3.0 million of goodwill obtained during the third quarter of 2012, resulting from the Heliworks acquisition on July 6, 2012. See Note 4 for further discussion of the acquisition. |
Goodwill_and_other_Intangible_3
Goodwill and other Intangible Assets (Details 1) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Customer-related intangible assets [Member] | ' | ' |
Information about changes relating to certain intangible assets | ' | ' |
Acquired Finite-lived Intangible Asset | $350,912 | $350,912 |
Finite-Lived Intangible Assets, Accumulated Amortization | -138,623 | -99,119 |
Finite-Lived Intangible Assets (Excluding Goodwill) | 212,289 | 251,793 |
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | '5 years 7 months 6 days | '6 years 7 months 6 days |
Tradenames [Member] | ' | ' |
Information about changes relating to certain intangible assets | ' | ' |
Finite-lived | 869 | 869 |
Finite-Lived Intangible Assets, Accumulated Amortization | -627 | -447 |
Finite-Lived Intangible Assets (Excluding Goodwill) | 242 | 422 |
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | '1 year 4 months 24 days | '2 years 4 months 24 days |
Indefinite-Lived Intangible Assets (Excluding Goodwill) | 43,222 | 43,221 |
Trade names, gross | 44,091 | 44,090 |
Tradenames, net | 43,464 | 43,643 |
Other [Member] | ' | ' |
Information about changes relating to certain intangible assets | ' | ' |
Acquired Finite-lived Intangible Asset | 22,042 | 30,925 |
Finite-Lived Intangible Assets, Accumulated Amortization | -14,151 | -15,174 |
Finite-Lived Intangible Assets (Excluding Goodwill) | 7,891 | 9,682 |
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | '6 years 3 months 18 days | '5 years 6 months |
Indefinite-Lived Intangible Assets (Excluding Goodwill) | 5,059 | 5,059 |
Impairment of intangibles | ' | -6,069 |
Other Intangible Assets [Member] | ' | ' |
Information about changes relating to certain intangible assets | ' | ' |
Acquired Finite-lived Intangible Asset | 378,013 | 386,896 |
Finite-Lived Intangible Assets, Accumulated Amortization | -152,774 | -114,293 |
Finite-Lived Intangible Assets (Excluding Goodwill) | 225,239 | 266,534 |
Impairment of intangibles | $0 | ($6,069) |
Goodwill_and_other_Intangible_4
Goodwill and other Intangible Assets (Details 2) (USD $) | Dec. 31, 2013 | |
In Thousands, unless otherwise specified | ||
Future amortization based upon the finite-lived intangible assets owned and the finite-lived tradenames | ' | |
Estimate for calendar year 2014 | $43,613 | [1] |
Estimate for calendar year 2015 | 41,724 | [1] |
Estimate for calendar year 2016 | 38,369 | [1] |
Estimate for calendar year 2017 | 36,033 | [1] |
Estimate for calendar year 2018 | 28,772 | [1] |
Thereafter | $31,911 | [1] |
[1] | The future amortization is inclusive of the finite lived intangible-assets and finite-lived tradename. |
Goodwill_and_other_Intangible_5
Goodwill and other Intangible Assets (Details Textual) (USD $) | 1 Months Ended | 9 Months Ended | 12 Months Ended | 27 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||
Apr. 30, 2013 | Sep. 27, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Mar. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2010 | |||||
segment | reporting_unit | operating_and_reporting_segment | DynAviation [Member] | DynAviation [Member] | DynAviation [Member] | DynAviation [Member] | DynLogistics [Member] | DynLogistics [Member] | DynLogistics [Member] | DynLogistics [Member] | ||||||||
segment | reporting_unit | reporting_unit | ||||||||||||||||
Subsidiary or Equity Method Investee [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Number of Operating and Reportable Segment | 3 | ' | 3 | ' | ' | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Goodwill and Other Intangible Assets (Textual) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Amortization expense | ' | ' | $44,300,000 | $46,100,000 | $47,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Number of new segments | ' | ' | 7 | ' | ' | ' | 2 | ' | ' | ' | 4 | ' | ' | ' | ||||
Impairment of goodwill, intangibles and long lived assets | ' | -28,824,000 | ' | -44,594,000 | -33,768,000 | ' | -281,461,000 | [1] | 0 | [2] | 0 | ' | -28,824,000 | [1] | -44,594,000 | [2] | -33,768,000 | ' |
Carrying value of goodwill | ' | ' | 293,767,000 | 604,052,000 | ' | ' | 160,932,000 | 442,393,000 | 439,350,000 | 439,350,000 | 132,835,000 | 161,659,000 | 206,253,000 | 240,021,000 | ||||
Goodwill, Estimated Fair Value Exceeding Carrying Value, Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15.00% | ' | ' | ' | ||||
Goodwill and Other Intangible Assets (Additional Textual) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Capitalized software net value | ' | ' | $7,900,000 | $9,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
[1] | Includes goodwill impairment of the AO and IS reporting units within the DynAviation and DynLogistics segment for the year ended December 31, 2013. | |||||||||||||||||
[2] | Represents the non-cash impairment charges within the DynLogistics segment for the year ended December 31, 2012. |
Acquisition_Details
Acquisition (Details) (Heliworks Inc [Member], USD $) | 0 Months Ended |
In Thousands, unless otherwise specified | Jul. 06, 2012 |
Heliworks Inc [Member] | ' |
Business Acquisition [Line Items] | ' |
Cash paid for acquisition at closing, net of cash acquired | $11,110 |
Final net asset adjustment paid in the fourth quarter of calendar year 2012 | 692 |
Total purchase price | $11,802 |
Acquisition_Details_1
Acquisition (Details 1) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Jul. 06, 2012 |
In Thousands, unless otherwise specified | Heliworks Inc. [Member] | ||
Business Acquisition [Line Items] | ' | ' | ' |
Total purchase price | ' | ' | $11,802 |
Cash acquired | ' | ' | 9 |
Accounts receivables | ' | ' | 1,601 |
Helicopters | ' | ' | 2,844 |
Property and equipment | ' | ' | 525 |
Other assets | ' | ' | 316 |
Intangible assets | ' | ' | 5,235 |
Liabilities assumed | ' | ' | -1,771 |
Goodwill | $293,767 | $604,052 | $3,043 |
Acquisition_Details_Textual
Acquisition (Details Textual) (USD $) | 0 Months Ended | 12 Months Ended | |
Jul. 06, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | |
Acquisition (Textual) [Abstract] | ' | ' | ' |
Amortization period | ' | '3 years | ' |
Heliworks Inc. [Member] | ' | ' | ' |
Acquisition (Textual) [Abstract] | ' | ' | ' |
Acquisition of Heliworks, Inc | 100.00% | ' | ' |
Purchase price held in escrow for indemnification liabilities | ' | ' | $1,300,000 |
Acquired intangible assets | 5,235,000 | ' | ' |
Acquisition costs | ' | 200,000 | ' |
Non-compete Agreement, Tradenames and Federal Aviation Administration Certifications [Member] | Heliworks Inc. [Member] | ' | ' | ' |
Acquisition (Textual) [Abstract] | ' | ' | ' |
Acquired intangible assets | ' | $5,200,000 | ' |
Income_Taxes_Details
Income Taxes (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Domestic and foreign components of Income (loss) before income taxes | ' | ' | ' |
Domestic | ($286,989) | $6,567 | ($88,590) |
Foreign | 27 | 5,739 | 8,218 |
(Loss) income before income taxes | ($286,962) | $12,306 | ($80,372) |
Income_Taxes_Details_1
Income Taxes (Details 1) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Current portion: | ' | ' | ' |
Federal | $0 | $0 | $452 |
State | -784 | -500 | -855 |
Foreign | -16,045 | -4,342 | -3,967 |
Total income tax of current portion | -16,829 | -4,842 | -4,370 |
Deferred portion: | ' | ' | ' |
Federal | 52,574 | -9,996 | 24,466 |
State | 1,086 | -101 | 738 |
Foreign | 630 | -659 | 107 |
Total Income tax of Deferred portion | 54,290 | -10,756 | 25,311 |
Benefit (provision) from income taxes | $37,461 | ($15,598) | $20,941 |
Income_Taxes_Details_2
Income Taxes (Details 2) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Deferred tax assets related to: | ' | ' |
Workers' compensation accrual | $10,788 | $16,791 |
Accrued vacation | 5,055 | 5,302 |
Completion bonus allowance | 3,539 | 6,492 |
Accrued severance | 193 | 51 |
Accrued executive incentives | 4,538 | 7,060 |
Legal reserve | 1,559 | 4,571 |
Accrued health costs | 1,704 | 2,937 |
Suspended loss from consolidated partnership | 5,421 | 3,999 |
Contract loss reserve | 8,877 | 9,814 |
Other accrued liabilities and reserves | 18,539 | 15,745 |
Foreign tax credit carryforward | 17,880 | 3,703 |
Net operating loss carryforward | 1,096 | 964 |
Other carryforwards | 656 | 0 |
Uncertain tax positions | 7,471 | 5,600 |
Total deferred tax assets | 87,316 | 83,029 |
Deferred tax liabilities related to: | ' | ' |
Partnership / joint venture basis differences | -150 | -2,493 |
Prepaid insurance | -6,976 | -10,493 |
Goodwill and other intangible assets | -25,101 | -65,704 |
Unbilled receivables | -103,413 | -113,674 |
Total deferred tax liabilities | -135,640 | -192,364 |
Deferred tax liabilities, net | -48,324 | -109,335 |
Deferred tax liabilities, net | ($48,324) | ($109,335) |
Income_Taxes_Details_3
Income Taxes (Details 3) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Income Tax Disclosure [Abstract] | ' | ' |
Current deferred tax liabilities, net | ($30,965) | ($59,032) |
Non-current deferred tax liabilities, net | -17,359 | -50,303 |
Deferred tax liabilities, net | ($48,324) | ($109,335) |
Income_Taxes_Details_4
Income Taxes (Details 4) | 12 Months Ended | |||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | ||||
Income Tax Disclosure [Abstract] | ' | ' | ' | |||
Statutory rate | 35.00% | 35.00% | 35.00% | |||
State income tax, less effect of federal deduction | 0.10% | 4.90% | -0.10% | |||
Noncontrolling interests | 0.50% | -16.10% | 1.10% | |||
Goodwill impairment | -22.60% | [1] | 70.60% | [1] | -12.10% | [1] |
Uncertain tax positions | -0.10% | 13.70% | 1.30% | |||
Nondeductible expenses | -0.40% | 9.00% | -1.30% | |||
Penalties | 0.00% | 5.80% | 0.00% | |||
Other | 0.60% | 3.80% | 2.10% | |||
Effective tax rate | 13.10% | 126.70% | 26.00% | |||
[1] | Includes non-cash impairment charges to goodwill associated with our DynAviation and DynLogistics segments for year ended December 31, 2013, December 31, 2012 and December 30, 2011, respectively. See Note 3 for further discussion. |
Income_Taxes_Details_5
Income Taxes (Details 5) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Reconciliation of the beginning and ending amount of unrecognized tax benefits | ' | ' | ' |
Unrecognized income tax benefits, beginning balance | $8,234 | $11,180 | $12,879 |
Additions for tax positions related to current year | ' | ' | 0 |
Additions for tax positions taken in prior years | 1,686 | 2,634 | ' |
Reductions for tax positions of prior years | -447 | -448 | ' |
Remeasurements | 0 | -2,518 | ' |
Net releases | 0 | -1,621 | -1,216 |
Lapse of statute of limitations | 0 | -993 | -483 |
Unrecognized income tax benefits, ending balance | $9,473 | $8,234 | $11,180 |
Income_Taxes_Details_Textual
Income Taxes (Details Textual) (USD $) | 12 Months Ended | 0 Months Ended | |||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Jan. 22, 2014 | |
Foreign [Member] | Foreign [Member] | State [Member] | State [Member] | Subsequent Event [Member] | |||||
Foreign [Member] | |||||||||
Operating Loss Carryforwards [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrecognized Tax Benefits Current | $10,132,000 | $0 | ' | ' | ' | ' | ' | ' | ' |
Income Taxes (Textual) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating losses | ' | ' | ' | ' | ' | ' | 138,300,000 | 123,700,000 | ' |
Tax credit carry forwards | ' | ' | ' | ' | 17,900,000 | 9,300,000 | ' | ' | ' |
Income Taxes Paid | 6,900,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Reserve for uncertain tax positions in the deferred tax accounts, NOLs, and FTCs | ' | 5,600,000 | ' | ' | ' | ' | ' | ' | ' |
Reserve for uncertain tax positions in the deferred tax accounts, on a pre-tax basis | ' | 15,600,000 | ' | ' | ' | ' | ' | ' | ' |
Unrecognized tax benefit | 9,473,000 | 8,234,000 | 11,180,000 | 12,879,000 | ' | ' | ' | ' | ' |
Unrecognized tax benefits if recognized, affect effective tax rate | 2,700,000 | 1,700,000 | ' | ' | ' | ' | ' | ' | ' |
Net decrease in Interest and penalty expense | ' | 100,000 | 100,000 | ' | ' | ' | ' | ' | ' |
Cumulative penalties recognized | ' | 700,000 | ' | ' | ' | ' | ' | ' | ' |
Taxes and penalties sought | $3,000,000 | ' | ' | ' | ' | ' | ' | ' | $64,200,000 |
Accounts_Receivable_Details
Accounts Receivable (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Accounts receivable, net of allowances | $577,136 | $780,613 |
Billed [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Accounts receivable, net of allowances | 179,586 | 245,678 |
Unbilled [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Accounts receivable, net of allowances | $397,550 | $534,935 |
Accounts_Receivable_Details_Te
Accounts Receivable (Details Textual) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Accounts Receivable (Textual) [Abstract] | ' | ' | ' |
Unbilled receivables | $41.60 | $36.20 | ' |
Contract claims | $0 | $12.10 | ' |
Concentration risk, percentage | 100.00% | 100.00% | 100.00% |
LOGCAP IV [Member] | Accounts Receivable [Member] | ' | ' | ' |
Accounts Receivable (Textual) [Abstract] | ' | ' | ' |
Concentration risk, percentage | 34.00% | 45.00% | ' |
Retirement_Plans_Details
Retirement Plans (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Schedule of pension fund | ' | ' | ' |
EIN/ Pension Plan Number | '516031295 | ' | ' |
Pension Fund [Member] | ' | ' | ' |
Schedule of pension fund | ' | ' | ' |
Pension Protection Act Zone Status | 'Green | 'Green | 'Green |
FIR/RP Status Pending / Implemented | 'No | ' | ' |
Contributions of DynCorp International | $6,062 | $4,686 | $4,461 |
Surcharge Imposed | 'No | ' | ' |
Expiration Date of CBA | '3/30/2014 through 3/30/2018 | ' | ' |
Total Contributions | $6,062 | $4,686 | $4,461 |
Retirement_Plans_Details_Textu
Retirement Plans (Details Textual) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | |
agreement | |||
Retirement Plans (Textual) [Abstract] | ' | ' | ' |
Contributions by participants under the plan | 10.00% | ' | ' |
Current maximum contribution per employee | $17,500 | ' | ' |
Investment in various funds | 11,000 | ' | ' |
Savings Plan expense | 16,100,000 | 18,200,000 | 13,900,000 |
Number of collective-bargaining agreements | 13 | ' | ' |
Collective-bargaining agreements contribution | $5,700,000 | ' | ' |
Contributions to the IAMNPF | 33.10% | ' | ' |
Maximum funding status percentage for red zone | 65.00% | ' | ' |
Minimum funding status percentage for yellow zone | 65.00% | ' | ' |
Maximum funding status percentage for yellow zone | 80.00% | ' | ' |
Minimum funding status percentage for green zone | 80.00% | ' | ' |
Maximum [Member] | ' | ' | ' |
Retirement Plans (Textual) [Abstract] | ' | ' | ' |
Contributions by participants under the plan | 50.00% | ' | ' |
Company matching contributions, Maximum | 100.00% | ' | ' |
Employee matching contributions, Minimum | 6.00% | ' | ' |
Minimum [Member] | ' | ' | ' |
Retirement Plans (Textual) [Abstract] | ' | ' | ' |
Contributions by participants under the plan | 1.00% | ' | ' |
Company matching contributions, Minimum | 50.00% | ' | ' |
Employee matching contributions, Maximum | 2.00% | ' | ' |
Management [Member] | Nonqualified Unfunded Deferred Compensation Plan [Member] | ' | ' | ' |
Retirement Plans (Textual) [Abstract] | ' | ' | ' |
Deferral amount limitation of salary, percentage | 50.00% | ' | ' |
Deferral amount limitation of bonuses, percentage | 100.00% | ' | ' |
Vested percentage of participants at all times | 100.00% | ' | ' |
Requisite period | '6 months | ' | ' |
Annual installment payments, option one, term | '5 years | ' | ' |
Annual installment payments, option two, term | '10 years | ' | ' |
LongTerm_Debt_Details
Long-Term Debt (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Jul. 07, 2010 |
Long-Term Debt | ' | ' | ' |
Total indebtedness | $732,272,000 | $782,909,000 | ' |
Less current portion of long-term debt | 0 | -637,000 | ' |
Long-term debt, less current portion | 732,272,000 | 782,272,000 | ' |
9.5% senior subordinated notes [Member] | ' | ' | ' |
Long-Term Debt | ' | ' | ' |
Total indebtedness | 0 | 637,000 | ' |
Less current portion of long-term debt | 0 | ' | ' |
Term loan [Member] | ' | ' | ' |
Long-Term Debt | ' | ' | ' |
Long-term debt, less current portion | 277,272,000 | 327,272,000 | ' |
10.375% senior unsecured notes [Member] | ' | ' | ' |
Long-Term Debt | ' | ' | ' |
Total indebtedness | ' | ' | 455,000,000 |
Long-term debt, less current portion | $455,000,000 | $455,000,000 | ' |
LongTerm_Debt_Details_Textual
Long-Term Debt (Details Textual) (USD $) | 0 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||||||||
Jul. 02, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 21, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Jul. 07, 2010 | Jul. 26, 2011 | |
Maximum [Member] | Minimum [Member] | Base Rate [Member] | Term Loan Facility [Member] | Term Loan Facility [Member] | Term Loan Facility [Member] | Term Loan Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Letter of Credit [Member] | Letter of Credit [Member] | Letter of Credit [Member] | Letter of Credit [Member] | 9.5% senior subordinated notes [Member] | 9.5% senior subordinated notes [Member] | Term loan [Member] | Term loan [Member] | 10.375% senior unsecured notes [Member] | 10.375% senior unsecured notes [Member] | 10.375% senior unsecured notes [Member] | Senior Unsecured Notes [Member] | |||||
Base Rate [Member] | Eurocurrency Rate [Member] | Base Rate [Member] | Base Rate [Member] | Eurocurrency Rate [Member] | Eurocurrency Rate [Member] | London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||||||||||||||||||||
Maximum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | ||||||||||||||||||||||
Long-Term Debt (Additional Textual) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term debt quarterly principal payments | ' | ' | $90,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Covenant Term, Maximum Total Leverage Ratio, After Year Two | ' | 3.75 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest Coverage Ratio, Period One | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest Coverage Ratio, Period Two | ' | ' | ' | ' | ' | 2.05 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest Coverage Ratio, Period Three | ' | ' | ' | ' | ' | 2.25 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of credit facility, maximum borrowing | ' | 181,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt, Excluding Current Maturities | ' | 732,272,000 | 782,272,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 277,272,000 | 327,272,000 | 455,000,000 | 455,000,000 | ' | ' |
Additional available borrowing capacity | ' | 144,600,000 | 111,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 36,400,000 | 38,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Applicable margin for term loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.50% | 4.50% | 3.50% | 3.00% | 4.50% | 4.00% | ' | ' | 4.50% | 4.00% | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of senior unsecured notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9.50% | ' | ' | ' | ' | ' | 10.38% | ' |
Maturity period of quarterly principle payments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15-Feb-13 | ' | ' | ' | ' | ' | ' | ' |
Offering of 10.375% senior unsecured notes due 2017/Offering of 9.5% senior subordinated notes | ' | 732,272,000 | 782,909,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 637,000 | ' | ' | ' | ' | 455,000,000 | 0 |
Debt Instrument, Redemption, Requirement, Percentage Of Principal Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' |
Debt Instrument, Redemption, Requirement, Premium As Percentage Of Outstanding Principal Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | ' | ' | ' |
Trigger Amount Of Asset Sales And Change Of Control Events For Repurchase Of Notes At Defined Prices | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,000,000 | ' | ' | ' |
Debt Instrument, Repurchase Requirement, Asset Sales, Percentage of Principal | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' |
Repurchase of senior unsecured notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 101.00% | ' | ' | ' |
Fair value of borrowings under Senior Credit Facility | ' | 100.50% | 100.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional interest to holders of the Senior Unsecured Notes | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Market value of unsecured loans as, a percentage of stated value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 103.00% | 91.50% | ' | ' |
Applicable interest rates for letter of credit sub-facility | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.25% | 4.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of actual interest rate under the Term Loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6.25% | 6.25% | ' | ' | ' | ' |
Current portion of long-term debt | ' | 0 | 637,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' |
Reduction in Deferred Financing Cost | ' | ' | ' | ' | ' | ' | ' | 700,000 | 2,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-Term Debt (Textual) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Floor variable Base Rate | ' | ' | ' | ' | ' | ' | 2.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Floor for euro currency rate | ' | 1.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of credit fronting fee rate | ' | 0.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt less unrestricted cash and cash equivalents | ' | 75,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Minimum Spread Over Other Variable Rates | ' | ' | ' | ' | ' | ' | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument additional interest rate | ' | ' | ' | 0.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Leverage Ratio | ' | ' | ' | ' | 4.5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Prepayments of Term Loan Principal | ' | $50,000,000 | $90,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Commitments_and_Contingencies_1
Commitments and Contingencies (Details) (USD $) | Dec. 31, 2013 | |
In Thousands, unless otherwise specified | ||
Summary of Minimum fixed rentals non-cancelable under operating leases | ' | |
2014 | $34,254 | [1] |
2015 | 15,092 | |
2016 | 11,203 | |
2017 | 10,277 | |
2018 | 8,926 | |
Thereafter | 18,863 | |
Total | 98,615 | |
Real Estate [Member] | ' | |
Summary of Minimum fixed rentals non-cancelable under operating leases | ' | |
2014 | 28,012 | [1] |
2015 | 13,141 | |
2016 | 10,517 | |
2017 | 9,869 | |
2018 | 8,926 | |
Thereafter | 18,863 | |
Total | 89,328 | |
Equipment [Member] | ' | |
Summary of Minimum fixed rentals non-cancelable under operating leases | ' | |
2014 | 6,242 | [1] |
2015 | 1,951 | |
2016 | 686 | |
2017 | 408 | |
2018 | 0 | |
Thereafter | 0 | |
Total | $9,287 | |
[1] | The minimum lease table above excludes agreements of one year or less in duration. These leases are accounted for in our rent expense, however, because of the short tenure of the lease, these are not reflected in the table above. |
Commitments_and_Contingencies_2
Commitments and Contingencies (Details Textual) | 0 Months Ended | 1 Months Ended | 12 Months Ended | 0 Months Ended | 1 Months Ended | 12 Months Ended | 0 Months Ended | ||||||||||||||
Apr. 30, 2013 | Sep. 12, 2012 | Mar. 26, 2008 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Apr. 24, 2007 | Mar. 14, 2007 | Dec. 29, 2006 | Dec. 04, 2006 | 9-May-12 | 9-May-12 | Dec. 31, 2006 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Jan. 22, 2014 | Jan. 22, 2014 | Feb. 23, 2014 | |
USD ($) | USD ($) | Plaintiffs | USD ($) | USD ($) | USD ($) | DynCorp International Inc. [Member] | DynCorp International Inc. [Member] | DynCorp International Inc. [Member] | DynCorp International Inc. [Member] | Al Hamed [Member] | Al Hamed [Member] | Al Hamed [Member] | Al Hamed [Member] | Maximum [Member] | Minimum [Member] | California Policy [Member] | Loss from Catastrophes [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | |
Plaintiffs | LegalMatter | LegalMatter | LegalMatter | LegalMatter | USD ($) | AED | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | Pending Litigation [Member] | Foreign Tax Authority [Member] | Regulatory Assessment, Income Tax, Penalties and Other Matters [Member] | Other Matters [Member] | ||||||
USD ($) | USD ($) | Foreign Tax Authority [Member] | Foreign Tax Authority [Member] | ||||||||||||||||||
Afghanistan [Member] | Afghanistan [Member] | ||||||||||||||||||||
USD ($) | USD ($) | ||||||||||||||||||||
Commitments and Contingencies (Textual) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Lease rental expense | ' | ' | ' | $167,600,000 | $217,400,000 | $160,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other accrued liabilities | ' | ' | ' | 14,147,000 | 12,772,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of lawsuits | ' | ' | ' | ' | ' | ' | 4 | 4 | 4 | 4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of individual plaintiffs | ' | ' | 3,266 | 1,256 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Contract violations and conversion of funds and asserted damages | ' | ' | ' | 150,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Contract limits to damages maximum amount | ' | ' | ' | 3,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | 57,000,000 | 23,300,000 | ' | ' | ' | ' | 64,200,000 | 64,200,000 | 10,200,000 |
Loss Contingency Accrual | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,800,000 | ' | ' | ' |
Probable contingency, liability/Reserve on liability | ' | ' | ' | 25,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loss contingency, damages awarded, value | ' | 8,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | 2,200,000 | 8,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest and expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.00% | 5.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fixed amount of stop loss coverage on policies | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 750,000 | 250,000 | 250,000 | ' | ' | ' | ' |
Loss consistency asserted amount for expenses | ' | ' | ' | 141,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cost Incurred On War Reserve Materiel Program | $152,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Period Of War Reserve Materiel Program | '2000 to 2011 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity_Textual_Details
Equity - Textual (Details) (USD $) | 0 Months Ended | 9 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||
In Millions, except Share data, unless otherwise specified | Dec. 17, 2013 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Mar. 31, 2010 | Dec. 31, 2013 | Dec. 17, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2010 | Dec. 17, 2013 | Dec. 17, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2010 | Dec. 31, 2012 |
Common Class B [Member] | Common Class B [Member] | Common Class B-1 Interest [Member] | Common Class B-1 Interest [Member] | Common Class B-1 Interest [Member] | Common Class B-1 Interest [Member] | Common Class B-1 Interest [Member] | Common Class B-2 Interests [Member] | Period One [Member] | Period One [Member] | Period One [Member] | Period Two [Member] | ||||||
installment | Common Class B-1 Interest [Member] | Common Class B-1 Interest [Member] | Common Class B-1 Interest [Member] | Common Class B-1 Interest [Member] | |||||||||||||
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options and Instruments Other Than Options, Fair Value of Granted Awards | ' | ' | $1.50 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Expected life (in years) | ' | ' | '4 years | ' | ' | '4 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Stock, Shares Authorized | ' | ' | 1,000 | 1,000 | ' | ' | 100,000 | ' | ' | ' | ' | 7,246 | 380 | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Option, Number of Vesting Installments | ' | ' | ' | ' | ' | ' | ' | 5 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Annual Vested Awards, Percentage | ' | ' | ' | ' | ' | ' | ' | 20.00% | 30.00% | 40.00% | 40.00% | ' | ' | 20.00% | 20.00% | 20.00% | 20.00% |
Allocated Share-based Compensation Expense | ' | ' | 0.5 | ' | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms | ' | ' | ' | ' | ' | '4 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred Compensation Arrangement with Individual, Period In Which Personal Can Receive Bonuse In a Change-in-control Event | '14 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity (Textual) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, shares issued | ' | ' | 100 | 100 | 100 | 3,144 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, shares outstanding | ' | ' | 100 | 100 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital contribution in connection with merger | ' | $550.90 | $550.90 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair_Value_of_Financial_Assets2
Fair Value of Financial Assets and Liabilities (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Long-term debt, fair value | $747,308 | $745,233 |
Long-term Debt, Excluding Current Maturities | 732,272 | 782,272 |
10.375% senior unsecured notes [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Long-term debt, fair value | 468,650 | 416,325 |
Long-term Debt, Excluding Current Maturities | 455,000 | 455,000 |
Term Loan [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Long-term debt, fair value | 278,658 | 328,908 |
Long-term Debt, Excluding Current Maturities | $277,272 | $327,272 |
Equity_Details
Equity (Details) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' |
Outstanding at December 31, 2012 (in shares) | 0 |
Shares granted (in shares) | 3,144 |
Shares exercised (in shares) | 0 |
Shares forfeited or expired (in shares) | 0 |
Outstanding at December 31, 2013 (in shares) | 3,144 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract] | ' |
Outstanding at December 31, 2012, weighted average grant date fair value (in dollars per share) | $0 |
Shares exercised, weighted average grant date fair value (in dollars per share) | $0 |
Shares forfeited or expired, weighted average grant date fair value (in dollars per share) | $0 |
Outstanding at December 31, 2013, weighted average grant date fair value (in dollars per share) | $594.70 |
Common Class B-1 Interest [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' |
Shares granted (in shares) | 2,764 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract] | ' |
Shares granted, weighted average grant date fair value (in dollars per share) | $591.16 |
Contractual term | '5 years |
Common Class B-2 Interests [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' |
Shares granted (in shares) | 380 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract] | ' |
Shares granted, weighted average grant date fair value (in dollars per share) | $3.54 |
Contractual term | '5 years |
Equity_Details_2
Equity (Details 2) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Equity [Abstract] | ' | ' |
Weighted-average fair value of options granted | $594.70 | $0 |
Expected volatility | 33.50% | ' |
Risk-free interest rate | 1.70% | ' |
Expected dividend yield | 8.00% | ' |
Expected life (in years) | '4 years | ' |
Forfeiture rate | 8.00% | ' |
Equity_Details_3
Equity (Details 3) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares [Roll Forward] | ' |
Non-vested shares at December 31, 2012 (in shares) | 0 |
Shares granted (in shares) | 3,144 |
Shares vested (in shares) | -1,021 |
Shares forfeited (in shares) | 0 |
Non-vested shares at December 31, 2013 (in shares) | 2,123 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract] | ' |
Non-vested shares at December 31, 2012, weighted average fair value (in dollars per share) | $0 |
Granted, weighted average fair value (in dollars per share) | $594.70 |
Vested, weighted average fair value (in dollars per share) | $576.64 |
Forfeited, weighted average fair value (in dollars per share) | $0 |
Non-vested shares at December 31, 2013, weighted average fair value (in dollars per share) | $603.37 |
Segment_and_Geographic_Informa2
Segment and Geographic Information (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Summary of the financial information of the reportable segments reconciled | ' | ' | ' |
Total Revenue | $3,287,184 | $4,044,275 | $3,719,152 |
Operating income | -206,780 | 95,883 | 12,371 |
Total depreciation and amortization | 50,279 | 51,814 | 52,494 |
DynLogistics [Member] | ' | ' | ' |
Summary of the financial information of the reportable segments reconciled | ' | ' | ' |
Total Revenue | 1,920,715 | 2,709,469 | 2,610,448 |
Operating income | 36,243 | 48,941 | 51,316 |
Total depreciation and amortization | 543 | 1,043 | 1,141 |
DynAviation [Member] | ' | ' | ' |
Summary of the financial information of the reportable segments reconciled | ' | ' | ' |
Total Revenue | 1,371,928 | 1,338,514 | 1,101,218 |
Operating income | -194,866 | 105,327 | 71,912 |
Total depreciation and amortization | 1,628 | 685 | 672 |
Headquarters/ Other [Member] | ' | ' | ' |
Summary of the financial information of the reportable segments reconciled | ' | ' | ' |
Total Revenue | -5,459 | -3,708 | 7,486 |
Operating income | -48,157 | -58,385 | -110,857 |
Total depreciation and amortization | $48,108 | $50,086 | $50,681 |
Segment_and_Geographic_Informa3
Segment and Geographic Information (Details 1) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
In Thousands, unless otherwise specified | |||
ASSETS | ' | ' | ' |
Total assets | $1,499,921 | $1,970,716 | $2,014,421 |
DynLogistics [Member] | ' | ' | ' |
ASSETS | ' | ' | ' |
Total assets | 591,304 | 800,734 | 1,075,775 |
DynAviation [Member] | ' | ' | ' |
ASSETS | ' | ' | ' |
Total assets | 447,646 | 706,646 | 461,802 |
Headquarters/ Other [Member] | ' | ' | ' |
ASSETS | ' | ' | ' |
Total assets | $460,971 | $463,336 | $476,844 |
Segment_and_Geographic_Informa4
Segment and Geographic Information (Details 2) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Summary of Revenue by geography | ' | ' | ' |
Total Revenue | $3,287,184 | $4,044,275 | $3,719,152 |
Revenue, percentage | 100.00% | 100.00% | 100.00% |
United States [Member] | ' | ' | ' |
Summary of Revenue by geography | ' | ' | ' |
Total Revenue | 695,772 | 635,293 | 566,314 |
Revenue, percentage | 21.00% | 16.00% | 15.00% |
Afghanistan [Member] | ' | ' | ' |
Summary of Revenue by geography | ' | ' | ' |
Total Revenue | 1,845,234 | 2,436,714 | 2,095,156 |
Revenue, percentage | 56.00% | 60.00% | 56.00% |
Middle East [Member] | ' | ' | ' |
Summary of Revenue by geography | ' | ' | ' |
Total Revenue | 534,861 | 730,372 | 784,258 |
Revenue, percentage | 16.00% | 18.00% | 21.00% |
Other Americas [Member] | ' | ' | ' |
Summary of Revenue by geography | ' | ' | ' |
Total Revenue | 87,759 | 106,160 | 96,326 |
Revenue, percentage | 3.00% | 3.00% | 3.00% |
Europe [Member] | ' | ' | ' |
Summary of Revenue by geography | ' | ' | ' |
Total Revenue | 52,365 | 51,209 | 97,062 |
Revenue, percentage | 2.00% | 1.00% | 3.00% |
Asia Pacific [Member] | ' | ' | ' |
Summary of Revenue by geography | ' | ' | ' |
Total Revenue | 46,170 | 44,000 | 49,046 |
Revenue, percentage | 1.00% | 1.00% | 1.00% |
Other Countries [Member] | ' | ' | ' |
Summary of Revenue by geography | ' | ' | ' |
Total Revenue | $25,023 | $40,527 | $30,990 |
Revenue, percentage | 1.00% | 1.00% | 1.00% |
Segment_and_Geographic_Informa5
Segment and Geographic Information (Details Textual) (USD $) | 1 Months Ended | 12 Months Ended | 27 Months Ended | ||
In Millions, unless otherwise specified | Apr. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Mar. 31, 2013 |
segment | segment | operating_and_reporting_segment | |||
Segment Reporting Information (Textual) [Abstract] | ' | ' | ' | ' | ' |
Number of operating and reportable segment | 3 | 3 | ' | ' | 3 |
Cost of services | ' | $1.70 | $1.60 | $1.70 | ' |
Revenue, percentage | ' | 100.00% | 100.00% | 100.00% | ' |
Customer Concentration Risk [Member] | Sales Revenue, Net [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information (Textual) [Abstract] | ' | ' | ' | ' | ' |
Revenue, percentage | ' | 96.00% | 97.00% | 97.00% | ' |
Customer Concentration Risk [Member] | Accounts Receivable [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information (Textual) [Abstract] | ' | ' | ' | ' | ' |
Accounts receivable due from the U.S. government | ' | 92.00% | 93.00% | ' | ' |
Related_Parties_Joint_Ventures2
Related Parties, Joint Ventures and Variable Interest Entities (Details) | 0 Months Ended | 12 Months Ended |
Jan. 18, 2013 | Dec. 31, 2013 | |
Partnership for Temporary Housing LLC [Member] | ' | ' |
Variable Interest Entity ownership percentages | ' | ' |
Variable Interest Entity ownership percentage | 30.00% | 30.00% |
Contingency Response Services LLC [Member] | ' | ' |
Variable Interest Entity ownership percentages | ' | ' |
Variable Interest Entity ownership percentage | ' | 45.00% |
Global Response Services LLC [Member] | ' | ' |
Variable Interest Entity ownership percentages | ' | ' |
Variable Interest Entity ownership percentage | ' | 51.00% |
GLS [Member] | ' | ' |
Variable Interest Entity ownership percentages | ' | ' |
Variable Interest Entity ownership percentage | ' | 51.00% |
DynCorp International FZ-LLC [Member] | ' | ' |
Variable Interest Entity ownership percentages | ' | ' |
Variable Interest Entity ownership percentage | ' | 25.00% |
Related_Parties_Joint_Ventures3
Related Parties, Joint Ventures and Variable Interest Entities (Details 1) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | |
Selected financial information for related parties and equity method investees | ' | ' | ' |
Total assets | $1,499,921,000 | $1,970,716,000 | $2,014,421,000 |
Total liabilities | 1,310,261,000 | 1,524,962,000 | ' |
Revenue | 3,287,184,000 | 4,044,275,000 | 3,719,152,000 |
DynCorp International FZ-LLC [Member] | ' | ' | ' |
Selected financial information for related parties and equity method investees | ' | ' | ' |
Total assets | 25,900,000 | 32,700,000 | ' |
Total liabilities | 22,200,000 | 25,900,000 | ' |
Revenue | 414,400,000 | 510,100,000 | 476,300,000 |
Equity Method Investee [Member] | ' | ' | ' |
Selected financial information for related parties and equity method investees | ' | ' | ' |
Current assets | 86,300,000 | 115,000,000 | ' |
Total assets | 86,300,000 | 115,100,000 | ' |
Current liabilities | 46,400,000 | 59,900,000 | ' |
Total liabilities | 44,500,000 | 60,400,000 | ' |
Revenue | 32,900,000 | 234,500,000 | 556,400,000 |
Gross profit | 2,500,000 | 17,100,000 | 46,400,000 |
Net income | $500,000 | $13,400,000 | $35,700,000 |
Related_Parties_Joint_Ventures4
Related Parties, Joint Ventures and Variable Interest Entities (Details Textual) (USD $) | 12 Months Ended | 1 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 12 Months Ended | 1 Months Ended | |||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Mar. 31, 2006 | Aug. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Feb. 28, 2012 | Oct. 31, 2011 | Jan. 18, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Mar. 15, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Feb. 28, 2014 | |
Contingency Response LLC [Member] | Global Response Services LLC [Member] | Global Response Services LLC [Member] | GLS [Member] | GLS [Member] | GLS [Member] | GLS [Member] | GLS [Member] | Partnership for Temporary Housing LLC [Member] | Partnership for Temporary Housing LLC [Member] | Global Linguist Solutions LLC [Member] | DynCorp International FZ-LLC [Member] | DynCorp International FZ-LLC [Member] | DynCorp International FZ-LLC [Member] | DynCorp International FZ-LLC [Member] | Includes operationally integral and non-integral income [Member] | Includes operationally integral and non-integral income [Member] | Includes operationally integral and non-integral income [Member] | Subsequent Event [Member] | ||||
partner | partner | partner | GLS [Member] | |||||||||||||||||||
Related Parties, Joint Ventures and Variable Interest Entities (Textual) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cerberus Consulting fees | $4,600,000 | $3,300,000 | $1,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
GLS & DIFZ assets | 1,499,921,000 | 1,970,716,000 | 2,014,421,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25,900,000 | 32,700,000 | ' | ' | ' | ' | ' | ' |
GLS & DIFZ Liabilities | 1,310,261,000 | 1,524,962,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 22,200,000 | 25,900,000 | ' | ' | ' | ' | ' | ' |
Receivables due from related parties | 2,300,000 | 1,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Receivables from unconsolidated joint ventures totaled | 8,600,000 | 4,200,000 | 12,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Earnings from equity method investees | 4,570,000 | 825,000 | 12,800,000 | ' | ' | ' | 3,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,700,000 | 4,800,000 | 17,400,000 | ' |
Revenue | 3,287,184,000 | 4,044,275,000 | 3,719,152,000 | ' | ' | ' | 21,800,000 | 61,100,000 | 359,600,000 | ' | ' | ' | ' | ' | 414,400,000 | 510,100,000 | 476,300,000 | ' | ' | ' | ' | ' |
Operating income | -206,780,000 | 95,883,000 | 12,371,000 | ' | ' | ' | -3,600,000 | 3,300,000 | 26,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from Equity Method Investment, Dividends or Distributions | ' | ' | ' | ' | ' | ' | 6,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount of Form 1 issued by DCAA | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 95,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount of second Form 1 issued by DCAA | ' | ' | ' | ' | ' | ' | ' | ' | ' | 102,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loss Contingency, Outstanding Invoices Withheld, Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 300,000 |
Loss Contingency, Submitted Invoices After Settlement, Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19,100,000 |
Vested ownership percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25.00% | ' | ' | 50.00% | ' | ' | ' | ' |
Aggregate initial value of promissory note from Palm | 9,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding balance of loan | 3,500,000 | 5,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | $13,477,000 | $20,348,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Variable Interest Entity ownership percentage | ' | ' | ' | ' | ' | 51.00% | 51.00% | ' | ' | ' | ' | 30.00% | 30.00% | 51.00% | ' | ' | ' | ' | ' | ' | ' | ' |
Number of partners | ' | ' | ' | 2 | 1 | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Collaborative_Arrangements_Det
Collaborative Arrangements (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Collaborative Arrangements (Textual) [Abstract] | ' | ' | ' |
Revenue | $3,287,184 | $4,044,275 | $3,719,152 |
Cost of services | 2,987,253 | 3,698,932 | 3,408,842 |
Net loss | -249,501 | -3,292 | -59,431 |
Collaborative Arrangement [Member] | ' | ' | ' |
Collaborative Arrangements (Textual) [Abstract] | ' | ' | ' |
Current share of profit | 70.00% | ' | ' |
Revenue | 1,210,400 | 1,771,900 | 1,594,200 |
Cost of services | 1,120,500 | 1,652,200 | 1,506,400 |
Net loss | $37,000 | $64,100 | $27,100 |
Consolidating_Financial_Statem2
Consolidating Financial Statements of Subsidiary Guarantors (Details) (USD $) | 9 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 27, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Condensed Consolidating Statement of Operations Information | ' | ' | ' | ' |
Revenue | ' | $3,287,184 | $4,044,275 | $3,719,152 |
Cost of services | ' | -2,987,253 | -3,698,932 | -3,408,842 |
Selling, general and administrative expenses | ' | -149,925 | -149,362 | -149,551 |
Depreciation and amortization expense | ' | -48,628 | -50,260 | -50,773 |
Earnings from equity method investees | ' | 4,570 | 825 | 12,800 |
Impairment of equity method investment | ' | 0 | 0 | -76,647 |
Impairment of goodwill | -28,824 | ' | -44,594 | -33,768 |
Impairment of goodwill, intangibles and long lived assets | ' | -312,728 | -50,663 | -33,768 |
Impairment of intangibles | ' | ' | -6,069 | ' |
Operating (loss) income | ' | -206,780 | 95,883 | 12,371 |
Interest expense | ' | -78,826 | -86,272 | -91,752 |
Loss on early extinguishment of debt, net | ' | -703 | -2,094 | -7,267 |
Interest income | ' | 157 | 117 | 205 |
Other (loss) income, net | ' | -810 | 4,672 | 6,071 |
(Loss) income before income taxes | ' | -286,962 | 12,306 | -80,372 |
Provision for income taxes | ' | 37,461 | -15,598 | 20,941 |
Net loss | ' | -249,501 | -3,292 | -59,431 |
Noncontrolling interests | ' | -4,235 | -5,645 | -2,625 |
Net loss attributable to Delta Tucker Holdings, Inc. | ' | -253,736 | -8,937 | -62,056 |
Parent Company [Member] | ' | ' | ' | ' |
Condensed Consolidating Statement of Operations Information | ' | ' | ' | ' |
Equity in income of consolidated subsidiaries | ' | -253,736 | -8,937 | -62,056 |
(Loss) income before income taxes | ' | -253,736 | -8,937 | -62,056 |
Net loss | ' | -253,736 | -8,937 | -62,056 |
Net loss attributable to Delta Tucker Holdings, Inc. | ' | ' | -8,937 | -62,056 |
Subsidiary Issuer [Member] | ' | ' | ' | ' |
Condensed Consolidating Statement of Operations Information | ' | ' | ' | ' |
Interest expense | ' | -75,001 | -80,078 | -88,546 |
Loss on early extinguishment of debt, net | ' | -703 | -2,094 | -7,267 |
Equity in income of consolidated subsidiaries | ' | -204,678 | -16,604 | 9,181 |
(Loss) income before income taxes | ' | -280,382 | -98,776 | -86,632 |
Provision for income taxes | ' | 26,646 | 89,839 | 24,576 |
Net loss | ' | -253,736 | -8,937 | -62,056 |
Net loss attributable to Delta Tucker Holdings, Inc. | ' | -253,736 | -8,937 | -62,056 |
Subsidiary Guarantors [Member] | ' | ' | ' | ' |
Condensed Consolidating Statement of Operations Information | ' | ' | ' | ' |
Revenue | ' | 3,298,767 | 4,077,449 | 3,739,576 |
Cost of services | ' | -3,006,723 | -3,743,400 | -3,437,997 |
Selling, general and administrative expenses | ' | -148,962 | -149,236 | -148,874 |
Depreciation and amortization expense | ' | -48,028 | -49,658 | -50,142 |
Earnings from equity method investees | ' | 1,510 | 825 | 12,800 |
Impairment of equity method investment | ' | ' | ' | -76,647 |
Impairment of goodwill | ' | ' | -44,594 | -33,768 |
Impairment of goodwill, intangibles and long lived assets | ' | -312,728 | ' | ' |
Impairment of intangibles | ' | ' | -6,069 | ' |
Operating (loss) income | ' | -216,164 | 85,317 | 4,948 |
Interest expense | ' | -3,825 | -6,194 | -3,206 |
Interest income | ' | 130 | 108 | 203 |
Equity in income of consolidated subsidiaries | ' | 5,097 | 4,050 | 4,174 |
Other (loss) income, net | ' | -998 | 4,814 | 6,032 |
(Loss) income before income taxes | ' | -215,760 | 88,095 | 12,151 |
Provision for income taxes | ' | 11,082 | -104,699 | -2,970 |
Net loss | ' | -204,678 | -16,604 | 9,181 |
Net loss attributable to Delta Tucker Holdings, Inc. | ' | -204,678 | -16,604 | 9,181 |
Subsidiary Non-Guarantors [Member] | ' | ' | ' | ' |
Condensed Consolidating Statement of Operations Information | ' | ' | ' | ' |
Revenue | ' | 445,144 | 538,118 | 515,659 |
Cost of services | ' | -437,375 | -514,653 | -494,098 |
Selling, general and administrative expenses | ' | -845 | -12,297 | -13,507 |
Depreciation and amortization expense | ' | -600 | -602 | -631 |
Earnings from equity method investees | ' | 3,060 | ' | ' |
Operating (loss) income | ' | 9,384 | 10,566 | 7,423 |
Interest income | ' | 27 | 9 | 2 |
Other (loss) income, net | ' | 188 | -142 | 39 |
(Loss) income before income taxes | ' | 9,599 | 10,433 | 7,464 |
Provision for income taxes | ' | -267 | -738 | -665 |
Net loss | ' | 9,332 | 9,695 | 6,799 |
Noncontrolling interests | ' | -4,235 | -5,645 | -2,625 |
Net loss attributable to Delta Tucker Holdings, Inc. | ' | 5,097 | 4,050 | 4,174 |
Eliminations [Member] | ' | ' | ' | ' |
Condensed Consolidating Statement of Operations Information | ' | ' | ' | ' |
Revenue | ' | -456,727 | -571,292 | -536,083 |
Cost of services | ' | 456,845 | 559,121 | 523,253 |
Selling, general and administrative expenses | ' | -118 | 12,171 | 12,830 |
Equity in income of consolidated subsidiaries | ' | 453,317 | 21,491 | 48,701 |
(Loss) income before income taxes | ' | 453,317 | 21,491 | 48,701 |
Net loss | ' | 453,317 | 21,491 | 48,701 |
Net loss attributable to Delta Tucker Holdings, Inc. | ' | $453,317 | $21,491 | $48,701 |
Consolidating_Financial_Statem3
Consolidating Financial Statements of Subsidiary Guarantors (Details 1) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Condensed Consolidating Statement of Comprehensive Income | ' | ' | ' |
Net loss | ($249,501) | ($3,292) | ($59,431) |
Other comprehensive income | ' | ' | ' |
Foreign currency translation adjustment | -437 | 225 | -312 |
Other comprehensive (loss) income , before tax | -437 | 225 | -312 |
Income tax (expense) benefit related to items of other comprehensive income | 157 | -83 | 111 |
Other comprehensive (loss) income | -280 | 142 | -201 |
Comprehensive loss | -249,781 | -3,150 | -59,632 |
Noncontrolling interest | -4,235 | -5,645 | -2,625 |
Comprehensive loss attributable to Delta Tucker Holdings, Inc. | -254,016 | -8,795 | -62,257 |
Parent Company [Member] | ' | ' | ' |
Condensed Consolidating Statement of Comprehensive Income | ' | ' | ' |
Net loss | -253,736 | -8,937 | -62,056 |
Other comprehensive income | ' | ' | ' |
Foreign currency translation adjustment | -437 | 225 | -312 |
Other comprehensive (loss) income , before tax | -437 | 225 | -312 |
Income tax (expense) benefit related to items of other comprehensive income | 157 | -83 | 111 |
Other comprehensive (loss) income | -280 | 142 | -201 |
Comprehensive loss | -254,016 | -8,795 | -62,257 |
Comprehensive loss attributable to Delta Tucker Holdings, Inc. | -254,016 | -8,795 | -62,257 |
Subsidiary Issuer [Member] | ' | ' | ' |
Condensed Consolidating Statement of Comprehensive Income | ' | ' | ' |
Net loss | -253,736 | -8,937 | -62,056 |
Other comprehensive income | ' | ' | ' |
Foreign currency translation adjustment | -437 | 225 | -312 |
Other comprehensive (loss) income , before tax | -437 | 225 | -312 |
Income tax (expense) benefit related to items of other comprehensive income | 157 | -83 | 111 |
Other comprehensive (loss) income | -280 | 142 | -201 |
Comprehensive loss | -254,016 | -8,795 | -62,257 |
Comprehensive loss attributable to Delta Tucker Holdings, Inc. | -254,016 | -8,795 | -62,257 |
Subsidiary Guarantors [Member] | ' | ' | ' |
Condensed Consolidating Statement of Comprehensive Income | ' | ' | ' |
Net loss | -204,678 | -16,604 | 9,181 |
Other comprehensive income | ' | ' | ' |
Foreign currency translation adjustment | -242 | 123 | -187 |
Other comprehensive (loss) income , before tax | -242 | 123 | -187 |
Income tax (expense) benefit related to items of other comprehensive income | 86 | -45 | 67 |
Other comprehensive (loss) income | -156 | 78 | -120 |
Comprehensive loss | -204,834 | -16,526 | 9,061 |
Comprehensive loss attributable to Delta Tucker Holdings, Inc. | -204,834 | -16,526 | 9,061 |
Subsidiary Non-Guarantors [Member] | ' | ' | ' |
Condensed Consolidating Statement of Comprehensive Income | ' | ' | ' |
Net loss | 9,332 | 9,695 | 6,799 |
Other comprehensive income | ' | ' | ' |
Foreign currency translation adjustment | -195 | 102 | -125 |
Other comprehensive (loss) income , before tax | -195 | 102 | -125 |
Income tax (expense) benefit related to items of other comprehensive income | 70 | -38 | 44 |
Other comprehensive (loss) income | -125 | 64 | -81 |
Comprehensive loss | 9,207 | 9,759 | 6,718 |
Noncontrolling interest | -4,235 | -5,645 | ' |
Comprehensive loss attributable to Delta Tucker Holdings, Inc. | 4,972 | 4,114 | 4,093 |
Eliminations [Member] | ' | ' | ' |
Condensed Consolidating Statement of Comprehensive Income | ' | ' | ' |
Net loss | 453,317 | 21,491 | 48,701 |
Other comprehensive income | ' | ' | ' |
Foreign currency translation adjustment | 874 | -450 | 624 |
Other comprehensive (loss) income , before tax | 874 | -450 | 624 |
Income tax (expense) benefit related to items of other comprehensive income | -313 | 166 | -222 |
Other comprehensive (loss) income | 561 | -284 | 402 |
Comprehensive loss | 453,878 | 21,207 | 49,103 |
Comprehensive loss attributable to Delta Tucker Holdings, Inc. | $453,878 | $21,207 | $49,103 |
Consolidating_Financial_Statem4
Consolidating Financial Statements of Subsidiary Guarantors (Details 2) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | ||||
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | $170,845 | $118,775 | $70,205 | $52,537 |
Restricted cash | 1,659 | 1,659 | ' | ' |
Accounts receivable, net of allowances | 577,136 | 780,613 | ' | ' |
Prepaid expenses and other current assets | 124,510 | 79,223 | ' | ' |
Total current assets | 874,150 | 980,270 | ' | ' |
Property and equipment, net | 24,120 | 26,207 | ' | ' |
Goodwill | 293,767 | 604,052 | ' | ' |
Tradenames, net | 43,464 | 43,643 | ' | ' |
Other intangibles, net | 225,239 | 266,534 | ' | ' |
Other assets, net | 39,181 | 50,010 | ' | ' |
Total assets | 1,499,921 | 1,970,716 | 2,014,421 | ' |
Current liabilities: | ' | ' | ' | ' |
Current portion of long-term debt | 0 | 637 | ' | ' |
Accounts payable | 193,146 | 287,350 | ' | ' |
Accrued payroll and employee costs | 114,334 | 127,811 | ' | ' |
Deferred income taxes | 30,965 | 59,032 | ' | ' |
Other accrued liabilities | 200,533 | 202,463 | ' | ' |
Income taxes payable | 14,020 | 4,071 | ' | ' |
Total current liabilities | 552,998 | 681,364 | ' | ' |
Long-term debt, less current portion | 732,272 | 782,272 | ' | ' |
Long-term deferred taxes | 17,359 | 50,303 | ' | ' |
Other long-term liabilities | 7,632 | 11,023 | ' | ' |
Noncontrolling interests | 5,875 | 8,212 | ' | ' |
Equity | 183,785 | 437,542 | ' | ' |
Total liabilities and equity | 1,499,921 | 1,970,716 | ' | ' |
Parent Company [Member] | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Investment in subsidiaries | 228,870 | 482,627 | ' | ' |
Other assets, net | 891 | 1,353 | ' | ' |
Total assets | 229,761 | 483,980 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Intercompany payables | 45,976 | 46,438 | ' | ' |
Total current liabilities | 45,976 | 46,438 | ' | ' |
Equity | 183,785 | 437,542 | ' | ' |
Total liabilities and equity | 229,761 | 483,980 | ' | ' |
Subsidiary Issuer [Member] | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Investment in subsidiaries | 1,095,853 | 1,373,820 | ' | ' |
Other assets, net | 17,525 | 22,911 | ' | ' |
Total assets | 1,113,378 | 1,396,731 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Intercompany payables | 128,011 | 107,414 | ' | ' |
Other accrued liabilities | 24,225 | 24,418 | ' | ' |
Total current liabilities | 152,236 | 131,832 | ' | ' |
Long-term debt, less current portion | 732,272 | 782,272 | ' | ' |
Equity | 228,870 | 482,627 | ' | ' |
Total liabilities and equity | 1,113,378 | 1,396,731 | ' | ' |
Subsidiary Guarantors [Member] | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | 144,025 | 74,907 | 45,724 | 46,106 |
Restricted cash | 1,659 | 1,659 | ' | ' |
Accounts receivable, net of allowances | 596,901 | 781,649 | ' | ' |
Intercompany receivables | 173,987 | 164,048 | ' | ' |
Prepaid expenses and other current assets | 123,761 | 75,874 | ' | ' |
Total current assets | 1,040,333 | 1,098,137 | ' | ' |
Property and equipment, net | 23,797 | 25,494 | ' | ' |
Goodwill | 261,367 | 571,653 | ' | ' |
Tradenames, net | 43,464 | 43,643 | ' | ' |
Other intangibles, net | 224,152 | 265,014 | ' | ' |
Investment in subsidiaries | 45,383 | 42,749 | ' | ' |
Other assets, net | 20,765 | 25,746 | ' | ' |
Total assets | 1,659,261 | 2,072,436 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Current portion of long-term debt | 0 | 637 | ' | ' |
Accounts payable | 192,456 | 284,616 | ' | ' |
Accrued payroll and employee costs | 111,547 | 126,122 | ' | ' |
Intercompany payables | 7,857 | ' | ' | ' |
Deferred income taxes | 30,960 | 59,027 | ' | ' |
Other accrued liabilities | 175,796 | 154,939 | ' | ' |
Income taxes payable | 13,926 | 3,737 | ' | ' |
Total current liabilities | 532,542 | 629,078 | ' | ' |
Long-term deferred taxes | 17,359 | 50,303 | ' | ' |
Other long-term liabilities | 7,632 | 11,023 | ' | ' |
Noncontrolling interests | 5,875 | 8,212 | ' | ' |
Equity | 1,095,853 | 1,373,820 | ' | ' |
Total liabilities and equity | 1,659,261 | 2,072,436 | ' | ' |
Subsidiary Non-Guarantors [Member] | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | 26,820 | 43,868 | 24,481 | 6,431 |
Accounts receivable, net of allowances | 1,990 | 2,548 | ' | ' |
Intercompany receivables | 7,857 | ' | ' | ' |
Prepaid expenses and other current assets | 456 | 2,485 | ' | ' |
Total current assets | 37,123 | 48,901 | ' | ' |
Property and equipment, net | 323 | 713 | ' | ' |
Goodwill | 32,400 | 32,399 | ' | ' |
Other intangibles, net | 1,087 | 1,520 | ' | ' |
Total assets | 70,933 | 83,533 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Accounts payable | 2,243 | 2,944 | ' | ' |
Accrued payroll and employee costs | 22,770 | 26,538 | ' | ' |
Intercompany payables | ' | 10,196 | ' | ' |
Deferred income taxes | 5 | 5 | ' | ' |
Other accrued liabilities | 438 | 767 | ' | ' |
Income taxes payable | 94 | 334 | ' | ' |
Total current liabilities | 25,550 | 40,784 | ' | ' |
Equity | 45,383 | 42,749 | ' | ' |
Total liabilities and equity | 70,933 | 83,533 | ' | ' |
Eliminations [Member] | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Accounts receivable, net of allowances | -21,755 | -3,584 | ' | ' |
Intercompany receivables | -181,844 | -164,048 | ' | ' |
Prepaid expenses and other current assets | 293 | 864 | ' | ' |
Total current assets | -203,306 | -166,768 | ' | ' |
Investment in subsidiaries | -1,370,106 | -1,899,196 | ' | ' |
Total assets | -1,573,412 | -2,065,964 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Accounts payable | -1,553 | -210 | ' | ' |
Accrued payroll and employee costs | -19,983 | -24,849 | ' | ' |
Intercompany payables | -181,844 | -164,048 | ' | ' |
Other accrued liabilities | 74 | 22,339 | ' | ' |
Total current liabilities | -203,306 | -166,768 | ' | ' |
Equity | -1,370,106 | -1,899,196 | ' | ' |
Total liabilities and equity | ($1,573,412) | ($2,065,964) | ' | ' |
Consolidating_Financial_Statem5
Consolidating Financial Statements of Subsidiary Guarantors (Details 3) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Condensed Consolidating Statement of Cash Flow Information | ' | ' | ' |
Net cash (used in) provided by operating activities | $137,502 | $144,190 | $167,986 |
Cash flows from investing activities | ' | ' | ' |
Purchase of property and equipment, net | -7,628 | -5,528 | -2,186 |
Purchase of property and equipment, net | ' | ' | 4,842 |
Proceeds from sale of property, plant, and equipment | 182 | 25 | 45 |
Cash paid for acquisition, net of cash acquired | 0 | -11,746 | 0 |
Purchase of software | -2,718 | -2,590 | -2,701 |
Return of capital from equity method investees | 2,223 | 9,154 | 9,147 |
Contributions to equity method investees | -30 | -1,478 | -7,308 |
Net cash used in investing activities | -7,971 | -12,163 | -3,003 |
Cash flows from financing activities | ' | ' | ' |
Borrowings on long-term debt | 745,900 | 325,000 | 366,700 |
Payments on long-term debt | -796,537 | -415,000 | -518,003 |
Payments of deferred financing cost | -2,139 | 0 | -3,282 |
Borrowings related to financed insurance | 9,431 | 62,580 | ' |
Payments Related to Financed Insurance | -29,734 | -53,918 | ' |
Payment of dividends to noncontrolling interests | -4,382 | -2,119 | -1,145 |
Other financing activities | ' | ' | 5,133 |
Net cash used in financing activities | -77,461 | -83,457 | -147,315 |
Net increase in cash and cash equivalents | 52,070 | 48,570 | 17,668 |
Cash and cash equivalents, beginning of period | 118,775 | 70,205 | 52,537 |
Cash and cash equivalents, end of period | 170,845 | 118,775 | 70,205 |
Parent Company [Member] | ' | ' | ' |
Condensed Consolidating Statement of Cash Flow Information | ' | ' | ' |
Net cash (used in) provided by operating activities | 461 | 664 | 12,582 |
Cash flows from financing activities | ' | ' | ' |
Net Transfers (to) from Parent Subsidiary | -461 | -664 | -12,582 |
Net cash used in financing activities | -461 | -664 | -12,582 |
Subsidiary Issuer [Member] | ' | ' | ' |
Condensed Consolidating Statement of Cash Flow Information | ' | ' | ' |
Net cash (used in) provided by operating activities | 30,040 | 103,223 | 37,893 |
Cash flows from financing activities | ' | ' | ' |
Borrowings on long-term debt | 745,900 | 325,000 | 366,700 |
Payments on long-term debt | -796,537 | -415,000 | -518,003 |
Net Transfers (to) from Parent Subsidiary | 20,597 | -13,223 | 113,410 |
Net cash used in financing activities | -30,040 | -103,223 | -37,893 |
Subsidiary Guarantors [Member] | ' | ' | ' |
Condensed Consolidating Statement of Cash Flow Information | ' | ' | ' |
Net cash (used in) provided by operating activities | 101,590 | 29,660 | 124,719 |
Cash flows from investing activities | ' | ' | ' |
Purchase of property and equipment, net | -7,604 | -5,467 | ' |
Purchase of property and equipment, net | ' | ' | 4,838 |
Proceeds from sale of property, plant, and equipment | 182 | 25 | ' |
Cash paid for acquisition, net of cash acquired | ' | -11,746 | ' |
Purchase of software | -2,718 | -2,590 | ' |
Return of capital from equity method investees | 2,223 | 9,154 | 9,147 |
Contributions to equity method investees | -30 | -1,478 | -7,308 |
Net cash used in investing activities | -7,947 | -12,102 | -2,999 |
Cash flows from financing activities | ' | ' | ' |
Payments of deferred financing cost | -2,139 | ' | ' |
Borrowings related to financed insurance | 9,431 | 62,580 | ' |
Payments Related to Financed Insurance | -29,734 | -53,918 | ' |
Net Transfers (to) from Parent Subsidiary | -2,083 | 2,963 | -126,235 |
Other financing activities | ' | ' | 4,133 |
Net cash used in financing activities | -24,525 | 11,625 | -122,102 |
Net increase in cash and cash equivalents | 69,118 | 29,183 | -382 |
Cash and cash equivalents, beginning of period | 74,907 | 45,724 | 46,106 |
Cash and cash equivalents, end of period | 144,025 | 74,907 | 45,724 |
Subsidiary Non-Guarantors [Member] | ' | ' | ' |
Condensed Consolidating Statement of Cash Flow Information | ' | ' | ' |
Net cash (used in) provided by operating activities | 9,793 | 13,309 | -4,918 |
Cash flows from investing activities | ' | ' | ' |
Purchase of property and equipment, net | -24 | -61 | ' |
Purchase of property and equipment, net | ' | ' | 4 |
Net transfers (to)/from Parent | ' | ' | 12,441 |
Net cash used in investing activities | -24 | -61 | 12,437 |
Cash flows from financing activities | ' | ' | ' |
Net Transfers (to) from Parent Subsidiary | -18,053 | 10,924 | 12,966 |
Payment of dividends to noncontrolling interests | -8,764 | -4,785 | -3,435 |
Other financing activities | ' | ' | 1,000 |
Net cash used in financing activities | -26,817 | 6,139 | 10,531 |
Net increase in cash and cash equivalents | -17,048 | 19,387 | 18,050 |
Cash and cash equivalents, beginning of period | 43,868 | 24,481 | 6,431 |
Cash and cash equivalents, end of period | 26,820 | 43,868 | 24,481 |
Eliminations [Member] | ' | ' | ' |
Condensed Consolidating Statement of Cash Flow Information | ' | ' | ' |
Net cash (used in) provided by operating activities | -4,382 | -2,666 | -2,290 |
Cash flows from investing activities | ' | ' | ' |
Net transfers (to)/from Parent | ' | ' | -12,441 |
Net cash used in investing activities | ' | ' | -12,441 |
Cash flows from financing activities | ' | ' | ' |
Net Transfers (to) from Parent Subsidiary | ' | ' | 12,441 |
Payment of dividends to noncontrolling interests | 4,382 | 2,666 | 2,290 |
Net cash used in financing activities | $4,382 | $2,666 | $14,731 |
Consolidating_Financial_Statem6
Consolidating Financial Statements of Subsidiary Guarantors (Details Textual) | Dec. 31, 2013 | Mar. 15, 2012 |
Consolidating Financial Statements of Subsidiary Guarantors (Textual) [Abstract] | ' | ' |
Percentage of ownership | 100.00% | 50.00% |
Condensed_Financial_Informatio1
Condensed Financial Information of Registrant - Balance Sheet (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
In Thousands, unless otherwise specified | |||
ASSETS | ' | ' | ' |
Total assets | $1,499,921 | $1,970,716 | $2,014,421 |
LIABILITIES AND EQUITY | ' | ' | ' |
Total liabilities | 1,310,261 | 1,524,962 | ' |
Equity | 183,785 | 437,542 | ' |
Total liabilities and equity | 1,499,921 | 1,970,716 | ' |
Parent Company [Member] | ' | ' | ' |
ASSETS | ' | ' | ' |
Deferred tax assets | 891 | 1,353 | ' |
Investment in subsidiaries | 228,870 | 482,627 | ' |
Total assets | 229,761 | 483,980 | ' |
LIABILITIES AND EQUITY | ' | ' | ' |
Total liabilities | 45,976 | 46,438 | ' |
Equity | 183,785 | 437,542 | ' |
Total liabilities and equity | $229,761 | $483,980 | ' |
Condensed_Financial_Informatio2
Condensed Financial Information of Registrant - Statement of Operations (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Condensed Statement of Operations | ' | ' | ' |
(Loss) income before income taxes | ($286,962) | $12,306 | ($80,372) |
Net loss | -249,501 | -3,292 | -59,431 |
Parent Company [Member] | ' | ' | ' |
Condensed Statement of Operations | ' | ' | ' |
Equity in income of subsidiaries, net of tax | -253,736 | -8,937 | -62,056 |
(Loss) income before income taxes | -253,736 | -8,937 | -62,056 |
Net loss | ($253,736) | ($8,937) | ($62,056) |
Condensed_Financial_Informatio3
Condensed Financial Information of Registrant - Cash Flows (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Condensed Statement of Cash Flow | ' | ' | ' |
Net cash from operating activities | $137,502 | $144,190 | $167,986 |
Net cash from financing activities | -77,461 | -83,457 | -147,315 |
Parent Company [Member] | ' | ' | ' |
Condensed Statement of Cash Flow | ' | ' | ' |
Net cash from operating activities | 461 | 664 | 12,582 |
Net cash from financing activities | ($461) | ($664) | ($12,582) |
Condensed_Financial_Informatio4
Condensed Financial Information of Registrant (Details Textual) (USD $) | 9 Months Ended | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2010 | Dec. 31, 2013 |
Condensed Financial Information of Registrant (Textual) [Abstract] | ' | ' |
Capital contribution in connection with merger | $550.90 | $550.90 |
Valuation_and_Qualifying_Accou1
Valuation and Qualifying Accounts (Details) (Allowance for Doubtful Accounts [Member], USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Allowance for Doubtful Accounts [Member] | ' | ' | ' |
Allowance for doubtful accounts: | ' | ' | ' |
Valuation Allowances and Reserves, Beginning Balance | $1,481 | $1,947 | $558 |
Charged to Costs and Expense | 1,531 | 722 | 2,125 |
Deductions from Reserve | -1,391 | -1,188 | -736 |
Valuation Allowances and Reserves, Balance, Ending Balance | $1,621 | $1,481 | $1,947 |