Document_and_Entity_Informatio
Document and Entity Information Document | 9 Months Ended | ||
Sep. 30, 2013 | Oct. 30, 2013 | Oct. 30, 2013 | |
Class A Common Stock [Member] | Class B Common Stock [Member] | ||
Entity Information [Line Items] | ' | ' | ' |
Document Type | '10-Q | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 30-Sep-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'Q3 | ' | ' |
Trading Symbol | 'MANT | ' | ' |
Entity Registrant Name | 'MANTECH INTERNATIONAL CORP | ' | ' |
Entity Central Index Key | '0000892537 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Filer Category | 'Large Accelerated Filer | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 23,976,213 | 13,192,845 |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and cash equivalents | $258,666 | $134,896 |
Receivables-net | 491,275 | 548,309 |
Prepaid expenses and other | 17,656 | 27,185 |
Contractual inventory | 0 | 34,762 |
Total Current Assets | 767,597 | 745,152 |
Goodwill | 871,294 | 861,912 |
Other intangible assets-net | 156,320 | 167,910 |
Property and equipmentbnet | 29,053 | 28,588 |
Employee supplemental savings plan assets | 30,237 | 27,352 |
Other assets | 9,891 | 10,995 |
TOTAL ASSETS | 1,864,392 | 1,841,909 |
LIABILITIES | ' | ' |
Accounts payable and accrued expenses | 252,712 | 315,582 |
Accrued salaries and related expenses | 76,783 | 52,364 |
Billings in excess of revenue earned | 14,966 | 15,031 |
Deferred income taxesbcurrent | 665 | 4,266 |
Total Current Liabilities | 345,126 | 387,243 |
Long-term debt | 200,000 | 200,000 |
Deferred income taxesbnon-current | 71,494 | 50,645 |
Accrued retirement | 31,488 | 29,390 |
Other long-term liabilities | 11,195 | 9,403 |
TOTAL LIABILITIES | 659,303 | 676,681 |
COMMITMENTS AND CONTINGENCIES | ' | ' |
STOCKHOLDERS' EQUITY | ' | ' |
Additional paid-in capital | 422,349 | 417,917 |
Treasury stock | -9,158 | -9,158 |
Retained earnings | 792,301 | 756,241 |
Accumulated other comprehensive income (loss) | -157 | -145 |
Unearned employee stock ownership plan shares | -620 | 0 |
TOTAL STOCKHOLDERS' EQUITY | 1,205,089 | 1,165,228 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | 1,864,392 | 1,841,909 |
Class A Common Stock [Member] | ' | ' |
STOCKHOLDERS' EQUITY | ' | ' |
Common stock | 242 | 241 |
Class B Common Stock [Member] | ' | ' |
STOCKHOLDERS' EQUITY | ' | ' |
Common stock | $132 | $132 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets Parentheticals (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Treasury Stock, Shares | 244,113 | 244,113 |
Class A Common Stock [Member] | ' | ' |
Common Stock, Par Value Per Share | 0.01 | 0.01 |
Common Stock, Shares Authorized | 150,000,000 | 150,000,000 |
Common Stock, Shares, Issued | 24,220,326 | 24,093,832 |
Common Stock, Shares, Outstanding | 23,976,213 | 23,849,719 |
Class B Common Stock [Member] | ' | ' |
Common Stock, Par Value Per Share | 0.01 | 0.01 |
Common Stock, Shares Authorized | 50,000,000 | 50,000,000 |
Common Stock, Shares, Issued | 13,192,845 | 13,192,845 |
Common Stock, Shares, Outstanding | 13,192,845 | 13,192,845 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements Of Income (USD $) | 3 Months Ended | 9 Months Ended | ||
Share data in Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Revenues | $567,399,000 | $645,028,000 | $1,818,536,000 | $1,960,474,000 |
Cost of services | 493,604,000 | 551,493,000 | 1,578,940,000 | 1,678,470,000 |
General and administrative expenses | 41,756,000 | 50,776,000 | 132,515,000 | 148,670,000 |
Operating Income | 32,039,000 | 42,759,000 | 107,081,000 | 133,334,000 |
Interest expense | -4,104,000 | -4,110,000 | -12,217,000 | -12,267,000 |
Interest income | 167,000 | 118,000 | 393,000 | 257,000 |
Other income (expense), net | -20,000 | 10,000 | -64,000 | -78,000 |
Income from operations before income taxes | 28,082,000 | 38,777,000 | 95,193,000 | 121,246,000 |
Provision for income taxes | -9,614,000 | -14,350,000 | -34,994,000 | -46,432,000 |
Equity in losses of unconsolidated subsidiaries | -750,000 | 0 | -750,000 | 0 |
Net income | $17,718,000 | $24,427,000 | $59,449,000 | $74,814,000 |
Class A Common Stock [Member] | ' | ' | ' | ' |
Basic earnings per share | $0.48 | $0.66 | $1.60 | $2.03 |
Basic weighted average common shares outstanding | 23,944 | 23,760 | 23,896 | 23,700 |
Diluted earnings per share | $0.48 | $0.66 | $1.60 | $2.03 |
Diluted weighted average common shares outstanding | 23,982 | 23,778 | 23,933 | 23,743 |
Class B Common Stock [Member] | ' | ' | ' | ' |
Basic earnings per share | $0.48 | $0.66 | $1.60 | $2.03 |
Basic weighted average common shares outstanding | 13,193 | 13,193 | 13,193 | 13,193 |
Diluted earnings per share | $0.48 | $0.66 | $1.60 | $2.03 |
Diluted weighted average common shares outstanding | 13,193 | 13,193 | 13,193 | 13,193 |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements Of Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Net income | $17,718 | $24,427 | $59,449 | $74,814 |
Other Comprehensive Income (Loss): | ' | ' | ' | ' |
Translation adjustment, net of tax | -8 | -2 | -12 | -72 |
Total other comprehensive income (loss) | -8 | -2 | -12 | -72 |
Comprehensive Income | $17,710 | $24,425 | $59,437 | $74,742 |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' |
Net income | $59,449,000 | $74,814,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 22,869,000 | 44,768,000 |
Deferred income taxes | 15,352,000 | 5,079,000 |
Stock-based compensation | 3,955,000 | 6,295,000 |
Equity in losses of unconsolidated subsidiaries | 750,000 | 0 |
Gain on sale of property and equipment | -400,000 | 0 |
Excess tax benefits from the exercise of stock options | -53,000 | -43,000 |
Change in assets and liabilitiesbnet of effects from acquired businesses: | ' | ' |
Receivables-net | 58,206,000 | 72,360,000 |
Contractual inventory | 34,762,000 | 0 |
Prepaid expenses and other | 9,418,000 | 9,181,000 |
Accounts payable and accrued expenses | -63,701,000 | -13,160,000 |
Accrued salaries and related expenses | 23,843,000 | 6,580,000 |
Billings in excess of revenue earned | -106,000 | -20,027,000 |
Accrued retirement | 2,098,000 | 1,400,000 |
Other | -388,000 | 1,016,000 |
Net cash flow from operating activities | 166,054,000 | 188,263,000 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' |
Acquisition of businesses, net of cash acquired | -11,382,000 | -63,093,000 |
Purchases of property and equipment | -7,213,000 | -8,393,000 |
Investment in capitalized software for internal use | -1,816,000 | -2,215,000 |
Proceeds from sale of property and equipment | 400,000 | 0 |
Investment in unconsolidated subsidiaries | -330,000 | 0 |
Proceeds from sale of investment | 239,000 | 185,000 |
Proceeds from disposition of a business | 0 | 1,799,000 |
Net cash flow from investing activities | -20,102,000 | -71,717,000 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' |
Dividends paid | -23,379,000 | -23,257,000 |
Proceeds from exercise of stock options | 1,144,000 | 1,115,000 |
Excess tax benefits from the exercise of stock options | 53,000 | 43,000 |
Net cash flow from financing activities | -22,182,000 | -22,099,000 |
NET CHANGE IN CASH AND CASH EQUIVALENTS | 123,770,000 | 94,447,000 |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 134,896,000 | 114,483,000 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | 258,666,000 | 208,930,000 |
SUPPLEMENTAL CASH FLOW INFORMATION | ' | ' |
Cash paid for income taxes | 12,824,000 | 15,135,000 |
Cash paid for interest | 8,314,000 | 8,157,000 |
Noncash investing and financing activities: | ' | ' |
Employee stock ownership plan contributions | 1,287,000 | 2,978,000 |
Capital expenditures incurred but not yet paid | $0 | $2,195,000 |
Introduction_and_Overview
Introduction and Overview | 9 Months Ended |
Sep. 30, 2013 | |
Introduction And Overview [Abstract] | ' |
Introduction and Overview | ' |
Introduction and Overview | |
ManTech International Corporation (depending on the circumstances, “ManTech,” “Company,” “we,” “our,” “ours” or “us”) is a leading provider of innovative technologies and solutions for mission-critical national security programs for the intelligence community; the departments of Defense, State, Homeland Security, Energy and Justice, including the Federal Bureau of Investigation (FBI); the healthcare and space communities; and other U.S. federal government customers. We provide support to critical national security programs for approximately 50 federal agencies through over 1,000 current contracts. Our services include the following solution sets that are aligned with the long-term needs of our customers: command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions and services; cyber security; global logistics support; information technology (IT) modernization and sustainment; intelligence/counter-intelligence solutions and support; systems engineering; test and evaluation; environmental, range and sustainability services; and healthcare analytics and IT. We support major national missions, such as military readiness and wellness, terrorist threat detection, information security and border protection. Our employees operate primarily in the United States, as well as in numerous locations internationally. |
Basis_of_Presentation
Basis of Presentation | 9 Months Ended |
Sep. 30, 2013 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Basis of Presentation | ' |
Basis of Presentation | |
The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). Certain information and note disclosures normally included in the annual financial statements, prepared in accordance with accounting principles generally accepted in the United States of America, have been condensed or omitted pursuant to those rules and regulations. We recommend that you read these unaudited condensed consolidated financial statements in conjunction with the audited consolidated financial statements and related notes included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2012, previously filed with the SEC. We believe that the unaudited condensed consolidated financial statements in this Form 10-Q reflect all adjustments that are necessary to fairly present the financial position, results of operations and cash flows for the interim periods presented. The results of operations for such interim periods are not necessarily indicative of the results that can be expected for the full year. |
Acquisitions
Acquisitions | 9 Months Ended |
Sep. 30, 2013 | |
Business Combinations [Abstract] | ' |
Acquisitions | ' |
Acquisitions | |
Our acquisitions have been accounted for using the acquisition method of accounting under Accounting Standards Codification (ASC) 805, Business Combinations. | |
ALTA Systems, Inc.-On January 8, 2013, we completed the acquisition of ALTA Systems, Inc. (ALTA). The results of ALTA's operations have been included in our consolidated financial statements since that date. The acquisition was completed through a stock purchase agreement dated January 8, 2013, by and among ManTech International Corporation, ALTA Holdings LLC and the sole member of ALTA Holding LLC. ALTA is an information technology (IT) and professional services company with valuable applications in healthcare systems and capital planning. ALTA provides a broad range of IT and professional services to government and private industry in three major areas: capital planning and investment control; system design, development and operations; and fraud detection and statistical analysis. The acquisition allows ManTech to deliver technology services through ALTA's prime position on the Centers for Medicare and Medicaid Services (CMS) Enterprise Systems Development (ESD) contract. ManTech funded the acquisition with cash on hand. The stock purchase agreement did not contain provisions for contingent consideration. | |
During the nine months ended September 30, 2013, ManTech incurred approximately $0.1 million of acquisition costs related to the ALTA transaction, which are included in the general and administrative expense in our condensed consolidated statement of income. | |
The purchase price of $10.2 million was allocated to the underlying assets and liabilities based on their estimated fair value at the date of acquisition. We have recorded total assets of $11.1 million, including goodwill and intangible assets recognized in connection with the acquisition, and total liabilities of $0.9 million. Included in total assets were $0.7 million in acquisition related intangible assets. We recorded goodwill of $9.1 million, which will be deductible for tax purposes over 15 years, assuming adequate levels of taxable income. Recognition of goodwill is largely attributed to the value paid for ALTA's capabilities in providing technology services to the federal government in the health care sector. | |
In allocating the purchase price, we considered among other factors, analysis of historical financial performance and estimates of future performance of ALTA's contracts. The components of other intangible assets associated with the acquisition were customer relationships and backlog valued at $0.6 million and $0.1 million, respectively. Customer contracts and related relationships represent the underlying relationships and agreements with ALTA's existing customers. Customer relationships and backlog are amortized straight-line over their estimated useful lives of approximately 20 years and 1 year, respectively. The weighted-average amortization period for the intangible assets is 17.1 years. | |
HBGary, Inc.-On April 2, 2012, we completed the acquisition of certain assets of HBGary, Inc. (HBGary). The results of HBGary's operations have been included in our consolidated financial statements since that date. The acquisition was completed through an asset purchase agreement dated February 27, 2012, by and among a subsidiary of ManTech International Corporation, HBGary and the shareholders of HBGary. HBGary provides a comprehensive suite of software products to detect, analyze and diagnose Advance Persistent Threats and targeted malware. The company has customers in the financial services, energy, critical infrastructure and technology sectors. This acquisition broadened our cyber security solution capability for customers. ManTech funded the acquisition with cash on hand. The asset purchase agreement did not contain provisions for contingent consideration. | |
During the nine months ended September 30, 2012, ManTech incurred approximately $0.8 million of acquisition costs related to the HBGary transaction, which are included in the general and administrative expense in our condensed consolidated statement of income. | |
The purchase price of $23.8 million was allocated to the underlying assets and liabilities based on their fair value at the date of acquisition. Total assets were $24.6 million, including goodwill and intangible assets recognized in connection with the acquisition, and total liabilities were $0.8 million. Included in total assets were $3.1 million in acquisition related intangible assets. We recorded goodwill of $20.1 million, which will be deductible for tax purposes over 15 years, assuming adequate levels of taxable income. Recognition of goodwill is largely attributed to the value paid for HBGary's capabilities in providing cyber service and product solutions to both federal and commercial customers. | |
The components of other intangible assets associated with the acquisition were developed technology, customer relationships and trademark valued at $2.0 million, $0.9 million and $0.2 million, respectively. Developed technology represents the software developed by HBGary to detect, analyze and diagnose Advanced Persistent Threats and targeted malware. Customer relationships represent the underlying relationship with HBGary customers in the financial services, energy, critical infrastructure and technology sectors. Trademark represents the HBGary trade name that is recognized in the industry. Developed technology, customer relationships and trademark are amortized straight-line over their estimated useful lives of approximately 3 years, 2 years and 2 years, respectively. The weighted-average amortization period for the intangible assets is 2.5 years. | |
Evolvent Technologies, Inc.-On January 6, 2012, we completed the acquisition of Evolvent Technologies, Inc. (Evolvent). The results of Evolvent's operations have been included in our consolidated financial statements since that date. The acquisition was completed through an equity purchase agreement dated January 6, 2012, by and among ManTech, shareholders and warrantholders of the parent of Evolvent, Evolvent, and Prudent Management, LLC in its capacity as the sellers' representative. Evolvent provides services in clinical IT, clinical business intelligence, imaging cyber security, behavioral health, tele-health, software development and systems integration. Its systems and processes enable better decision-making at the point of care and full integration of medical information across different platforms. This acquisition has enabled ManTech to expand its customer relationships and deliver IT solutions through Evolvent's existing relationships with the Department of Defense health organizations, the Veterans Administration and the Department of Health and Human Services. ManTech funded the acquisition with cash on hand. The equity purchase agreement did not contain provisions for contingent consideration. | |
During the nine months ended September 30, 2012, the Company incurred $0.2 million of acquisition costs associated with the Evolvent transaction, which are included in general and administrative expense in our condensed consolidated statement of income. | |
The purchase price of $39.9 million was allocated to the underlying assets and liabilities based on their fair value at the date of acquisition. Total assets were $46.9 million, including goodwill and intangible assets recognized in connection with the acquisition, and total liabilities were $7.0 million. Included in total assets were $3.7 million in acquisition related intangible assets. We recorded goodwill of $33.2 million, which is not deductible for tax purposes. Recognition of goodwill is largely attributed to the highly skilled employees and the value paid for Evolvent's capabilities in providing IT services and solutions to the federal government healthcare sector. | |
In allocating the purchase price, we considered among other factors, analyses of historical performance and estimates of future performance of Evolvent's contracts. The components of other intangible assets associated with the acquisition were customer relationships and backlog valued at $3.4 million and $0.3 million, respectively. Customer contracts and related relationships represent the underlying relationships and agreements with Evolvent's existing customers. Customer relationships and backlog are amortized over their estimated useful lives of 20 years and 1 year, respectively, using the pattern of benefits method. The weighted-average amortization period for the intangible assets is 18.5 years. |
Earnings_Per_Share
Earnings Per Share | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||||||
Earnings Per Share | ' | |||||||||||||||
Earnings Per Share | ||||||||||||||||
Under ASC 260, Earnings per Share, the two-class method is an earnings allocation formula that determines earnings per share for each class of common stock according to dividends declared (or accumulated) and participation rights in undistributed earnings. Under that method, basic and diluted earnings per share data are presented for each class of common stock. | ||||||||||||||||
In applying the two-class method, we determined that undistributed earnings should be allocated equally on a per share basis between Class A and Class B common stock. Under the Company’s Certificate of Incorporation, the holders of the common stock are entitled to participate ratably, on a share-for-share basis as if all shares of common stock were of a single class, in such dividends, as may be declared by the Board of Directors. During each of the nine month periods ended September 30, 2013 and 2012, we declared and paid three quarterly dividends in the amount of $0.21 per share on both classes of common stock. | ||||||||||||||||
Basic earnings per share has been computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during each period. Shares issued during the period and shares reacquired during the period are weighted for the portion of the period in which the shares were outstanding. Diluted earnings per share has been computed in a manner consistent with that of basic earnings per share while giving effect to all potentially dilutive common shares that were outstanding during each period. | ||||||||||||||||
The net income available to common stockholders and weighted average number of common shares outstanding used to compute basic and diluted earnings per share for each class of common stock are as follows (in thousands, except per share amounts): | ||||||||||||||||
Three months ended | Nine months ended | |||||||||||||||
September 30, | September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Distributed earnings | $ | 7,804 | $ | 7,771 | $ | 23,389 | $ | 23,272 | ||||||||
Undistributed earnings | 9,914 | 16,656 | 36,060 | 51,542 | ||||||||||||
Net income | $ | 17,718 | $ | 24,427 | $ | 59,449 | $ | 74,814 | ||||||||
Class A common stock: | ||||||||||||||||
Basic net income available to common stockholders | $ | 11,424 | $ | 15,707 | $ | 38,302 | $ | 48,061 | ||||||||
Basic weighted average common shares outstanding | 23,944 | 23,760 | 23,896 | 23,700 | ||||||||||||
Basic earnings per share | $ | 0.48 | $ | 0.66 | $ | 1.6 | $ | 2.03 | ||||||||
Diluted net income available to common stockholders | $ | 11,430 | $ | 15,711 | $ | 38,324 | $ | 48,092 | ||||||||
Effect of potential exercise of stock options | 38 | 18 | 37 | 43 | ||||||||||||
Diluted weighted average common shares outstanding | 23,982 | 23,778 | 23,933 | 23,743 | ||||||||||||
Diluted earnings per share | $ | 0.48 | $ | 0.66 | $ | 1.6 | $ | 2.03 | ||||||||
Class B common shares: | ||||||||||||||||
Basic net income available to common stockholders | $ | 6,294 | $ | 8,720 | $ | 21,147 | $ | 26,753 | ||||||||
Basic weighted average common shares outstanding | 13,193 | 13,193 | 13,193 | 13,193 | ||||||||||||
Basic earnings per share | $ | 0.48 | $ | 0.66 | $ | 1.6 | $ | 2.03 | ||||||||
Diluted net income available to common stockholders | $ | 6,288 | $ | 8,716 | $ | 21,125 | $ | 26,722 | ||||||||
Effect of potential exercise of stock options | — | — | — | — | ||||||||||||
Diluted weighted average common shares outstanding | 13,193 | 13,193 | 13,193 | 13,193 | ||||||||||||
Diluted earnings per share | $ | 0.48 | $ | 0.66 | $ | 1.6 | $ | 2.03 | ||||||||
For the three months ended September 30, 2013 and 2012, options to purchase 3.0 million and 2.9 million shares, respectively, were outstanding but not included in the computation of diluted earnings per share because the options’ effect would have been anti-dilutive. For the nine months ended September 30, 2013 and 2012, options to purchase 3.3 million and 2.9 million shares, respectively, were outstanding but not included in the computation of diluted earnings per share because the options' effect would have been anti-dilutive. For the nine months ended September 30, 2013 and 2012, shares issued from the exercise of stock option were 54 thousand and 37 thousand, respectively. |
Receivables
Receivables | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Accounts Receivable, Net [Abstract] | ' | |||||||
Receivables | ' | |||||||
Receivables | ||||||||
We deliver a broad array of information technology and technical services solutions under contracts with the U.S. government, state and local governments and commercial customers. The components of contract receivables are as follows (in thousands): | ||||||||
September 30, 2013 | December 31, 2012 | |||||||
Billed receivables | $ | 395,718 | $ | 420,598 | ||||
Unbilled receivables: | ||||||||
Amounts billable | 96,113 | 119,893 | ||||||
Revenues recorded in excess of funding | 7,139 | 11,148 | ||||||
Retainage | 2,395 | 6,119 | ||||||
Allowance for doubtful accounts | (10,090 | ) | (9,449 | ) | ||||
Receivables-net | $ | 491,275 | $ | 548,309 | ||||
Amounts billable consist principally of amounts to be billed within the next month. Revenues recorded in excess of funding are billable upon receipt of contractual amendments or other modifications. Revenues recorded in excess of milestone billings on fixed price contracts consist of amounts not expected to be billed within the next month. The retainage is billable upon completion of contract performance and approval of final indirect expense rates by the government. Accounts receivable at September 30, 2013, are expected to be substantially collected within one year except for approximately $1.6 million, of which amount 91.7% is related to receivables from direct sales to the U.S. government. The remainder is related to receivables from contracts in which we acted as a subcontractor to other contractors. | ||||||||
The Company does not believe it has significant exposure to credit risk as accounts receivable and the related unbilled amounts are primarily due from the U.S. government. The allowance for doubtful accounts represents the Company’s exposure to compliance issues, contractual issues and bad debt related to prime contractors. |
Property_And_Equipment
Property And Equipment | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Property, Plant and Equipment [Abstract] | ' | |||||||
Property And Equipment | ' | |||||||
Property and Equipment | ||||||||
Major classes of property and equipment are summarized as follows (in thousands): | ||||||||
September 30, 2013 | December 31, 2012 | |||||||
Furniture and equipment | $ | 50,934 | $ | 94,934 | ||||
Leasehold improvements | 31,034 | 28,932 | ||||||
81,968 | 123,866 | |||||||
Less: Accumulated depreciation and amortization | (52,915 | ) | (95,278 | ) | ||||
Total property and equipment, net | $ | 29,053 | $ | 28,588 | ||||
Goodwill_And_Other_Intangible_
Goodwill And Other Intangible Assets | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||||||||||||
Goodwill And Other Intangible Assets | ' | |||||||||||||||||||||||
Goodwill and Other Intangible Assets | ||||||||||||||||||||||||
During the nine months ended September 30, 2013, there was an increase in goodwill related to the acquisition of ALTA as well as an immaterial acquisition. The changes in the carrying amounts of goodwill during the year ended December 31, 2012 and the period ended September 30, 2013 are as follows (in thousands): | ||||||||||||||||||||||||
Goodwill Balance | ||||||||||||||||||||||||
Balance at December 31, 2011 | $ | 808,455 | ||||||||||||||||||||||
Additional consideration for the acquisition of Worldwide Information Network Systems, Inc. | 212 | |||||||||||||||||||||||
Acquisition-Evolvent | 33,175 | |||||||||||||||||||||||
Acquisition-HBGary | 20,070 | |||||||||||||||||||||||
Balance at December 31, 2012 | $ | 861,912 | ||||||||||||||||||||||
Acquisition-ALTA | 9,081 | |||||||||||||||||||||||
Other | 301 | |||||||||||||||||||||||
Balance at September 30, 2013 | $ | 871,294 | ||||||||||||||||||||||
Other intangible assets consisted of the following (in thousands): | ||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | |||||||||||||||||||||||
Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | |||||||||||||||||||
Other intangible assets: | ||||||||||||||||||||||||
Contract and program intangible assets | $ | 251,572 | $ | 105,298 | $ | 146,274 | $ | 249,882 | $ | 92,400 | $ | 157,482 | ||||||||||||
Capitalized software cost for internal use | 32,796 | 22,823 | 9,973 | 30,985 | 20,637 | 10,348 | ||||||||||||||||||
Other | 115 | 42 | 73 | 115 | 35 | 80 | ||||||||||||||||||
Total other intangible assets, net | $ | 284,483 | $ | 128,163 | $ | 156,320 | $ | 280,982 | $ | 113,072 | $ | 167,910 | ||||||||||||
Amortization expense relating to intangible assets for the three months ended September 30, 2013 and 2012 was $5.1 million and $5.3 million, respectively. Amortization expense relating to intangible assets for the nine months ended September 30, 2013 and 2012 was $15.3 million and $15.2 million, respectively. We estimate that we will have the following amortization expense for the future periods indicated below (in thousands): | ||||||||||||||||||||||||
For the remaining three months ending December 31, 2013 | $ | 5,073 | ||||||||||||||||||||||
For the year ending: | ||||||||||||||||||||||||
December 31, 2014 | $ | 18,254 | ||||||||||||||||||||||
December 31, 2015 | $ | 15,650 | ||||||||||||||||||||||
December 31, 2016 | $ | 13,650 | ||||||||||||||||||||||
December 31, 2017 | $ | 11,924 | ||||||||||||||||||||||
December 31, 2018 | $ | 10,754 | ||||||||||||||||||||||
LongTerm_Debt
Long-Term Debt | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Debt Disclosure [Abstract] | ' | |||||||
Long-Term Debt | ' | |||||||
Long-term Debt | ||||||||
Long-term debt consisted of the following (in thousands): | ||||||||
September 30, 2013 | December 31, 2012 | |||||||
Revolving credit facility | $ | — | $ | — | ||||
7.25% senior unsecured notes | 200,000 | 200,000 | ||||||
Long-term debt | $ | 200,000 | $ | 200,000 | ||||
Revolving Credit Facility-We maintain a credit agreement with a syndicate of lenders led by Bank of America, N.A, as administrative agent. The credit agreement provides for a $500.0 million revolving credit facility, with a $25.0 million letter of credit sublimit and a $30.0 million swing line loan sublimit. The credit agreement also contains an accordion feature that permits the Company to arrange with the lenders for the provision of up to $250.0 million in additional commitments. The maturity date for the credit agreement is October 12, 2016. | ||||||||
Borrowings under the credit agreement are collateralized by substantially all the assets of ManTech and its Material Subsidiaries (as defined in the credit agreement) and bear interest at one of the following variable rates as selected by the Company at the time of borrowing: a London Interbank Offer Rate (LIBOR) based rate plus market-rate spreads (1.25% to 2.25% based on the Company's consolidated total leverage ratio) or Bank of America's base rate plus market spreads (0.25% to 1.25% based on the Company's consolidated total leverage ratio). | ||||||||
The terms of the credit agreement permit prepayment and termination of the loan commitments at any time, subject to certain conditions. The credit agreement requires the Company to comply with specified financial covenants, including the maintenance of certain leverage ratios and a certain fixed charge coverage ratio. The credit agreement also contains various covenants, including affirmative covenants with respect to certain reporting requirements and maintaining certain business activities, and negative covenants that, among other things, may limit or impose restrictions on our ability to incur liens, incur additional indebtedness, make investments, make acquisitions and undertake certain other actions. As of September 30, 2013, we were in compliance with our financial covenants under the credit agreement. | ||||||||
There was no outstanding balance on our revolving credit facility at September 30, 2013 and December 31, 2012. The maximum available borrowing under the revolving credit facility at September 30, 2013 was $499.8 million. As of September 30, 2013, we were contingently liable under letters of credit totaling $0.2 million, which reduced our availability to borrow under our revolving credit facility. | ||||||||
The following table summarizes the activity under our revolving credit facility for the nine months ended September 30, 2013 and 2012 (in thousands): | ||||||||
Nine months ended | ||||||||
September 30, | ||||||||
2013 | 2012 | |||||||
Borrowings under revolving credit facility | $ | — | $ | 9,000 | ||||
Repayment of borrowings under revolving credit facility | $ | — | $ | (9,000 | ) | |||
7.25% Senior Unsecured Notes-We have $200.0 million in aggregate principal amount of 7.25% senior unsecured notes that are registered under the Securities Act of 1933, as amended. The fair value of the 7.25% senior unsecured notes as of September 30, 2013 was approximately $211.6 million based on quoted market prices. | ||||||||
The 7.25% senior unsecured notes were issued on April 13, 2010 and mature on April 15, 2018 with interest payable semi-annually in April and October. The 7.25% senior unsecured notes were issued at 100% of the aggregate principal amount and are effectively subordinate to the Company’s existing and future senior secured debt (to the extent of the value of the assets securing such debt), including debt outstanding under our revolving credit facility. The 7.25% senior unsecured notes may be redeemed, in whole or in part, at any time, at the option of the Company, subject to certain conditions specified in the indenture governing the 7.25% senior unsecured notes. The 7.25% senior unsecured notes are guaranteed, jointly and severally, on a senior unsecured basis by each of our 100% owned domestic subsidiaries that also guaranteed debt obligations under our prior revolving credit facility or that guarantees debt obligations under our revolving credit facility. | ||||||||
The issuance costs incurred by the Company are being amortized to interest expense over the contractual life of the 7.25% senior unsecured notes using the effective interest rate method, resulting in an effective rate of 7.67%. | ||||||||
The indenture governing the 7.25% senior unsecured notes contains customary events of default, as well as restrictive covenants, which, subject to important exceptions and qualifications specified in such indenture, will, among other things, limit our ability and the ability of our subsidiaries that guarantee the 7.25% senior unsecured notes to: pay dividends or distributions, repurchase equity, prepay subordinated debt or make certain investments; incur additional debt or issue certain disqualified stock and preferred stock; incur liens on assets; merge or consolidate with another company or sell all or substantially all assets; and allow to exist certain control provisions. An event of default under the indenture will allow either the trustee of the notes or the holders of at least 25% in principal amount of the then outstanding notes to accelerate, or in certain cases, will automatically cause the acceleration of, the amounts due under the notes. As of September 30, 2013, the Company was in compliance with all required covenants under the indenture. |
Commitments_And_Contingencies
Commitments And Contingencies | 9 Months Ended |
Sep. 30, 2013 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments And Contingencies | ' |
Commitments and Contingencies | |
Contracts with the U.S. government, including subcontracts, are subject to extensive legal and regulatory requirements and, from time to time, agencies of the U.S. government, in the ordinary course of business, investigate whether the Company’s operations are conducted in accordance with these requirements and the terms of the relevant contracts. U.S. government investigations of the Company, whether related to the Company’s U.S. government contracts or conducted for other reasons, could result in administrative, civil, or criminal liabilities, including repayment, fines or penalties being imposed upon the Company, or could lead to suspension or debarment from future U.S. government contracting activities. Management believes it has adequately reserved for any losses that may be experienced from any investigation of which it is aware. The Defense Contract Audit Agency (DCAA) has completed our incurred cost audits through 2002 and the majority of audits for 2003, 2004 and 2005, which resulted in no material adjustments. The remaining audits for 2003 through 2012 are not expected to have a material effect on our financial position, results of operations or cash flow, and management believes it has adequately reserved for any losses. | |
In the normal course of business, we are involved in certain governmental and legal proceedings, claims and disputes and have litigation pending under several suits. We believe that the ultimate resolution of these matters will not have a material effect on our financial position, results of operations or cash flows. |
StockBased_Compensation
Stock-Based Compensation | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Share-based Compensation [Abstract] | ' | ||||||||||||
Stock-Based Compensation | ' | ||||||||||||
Stock-Based Compensation | |||||||||||||
Our 2011 Management Incentive Plan (the Plan) was designed to attract, retain and motivate key employees. Awards granted under the Plan are settled in shares of Class A common stock. At the beginning of each year, the Plan provides that the number of shares available for issuance automatically increases by an amount equal to 1.5% of the total number of shares of Class A and Class B common stock outstanding on December 31st of the previous year. On January 2, 2013, 555,638 additional shares were made available for issuance under the Plan. Through September 30, 2013, the remaining aggregate number of shares of our common stock authorized for issuance under the Plan was 3,808,122. Through September 30, 2013, there were 4,590,742 shares of our Class A common stock that were issued and remain outstanding as a result of equity awards granted under the Plan. The Plan expires in May 2021. | |||||||||||||
The Plan is administered by the compensation committee of our Board of Directors, along with its delegates. Subject to the express provisions of the Plan, the committee has the Board of Directors’ authority to administer and interpret the Plan, including the discretion to determine the exercise price, vesting schedule, contractual life and the number of shares to be issued. | |||||||||||||
Stock Compensation Expense-For the three months ended September 30, 2013 and 2012, we recorded $1.2 million and $1.9 million of stock-based compensation expense, respectively. For the nine months ended September 30, 2013 and 2012, we recorded $4.0 million and $6.3 million of stock-based compensation expense, respectively. No compensation expense of employees with stock awards, including stock-based compensation expense, was capitalized during the periods. For the nine months ended September 30, 2013 and 2012, the total recognized tax deficiency from the exercise of stock options, vested cancellations and the vesting of restricted stock was $2.0 million and $0.6 million, respectively. | |||||||||||||
Stock Options-We typically issue options that vest over three years in equal annual installments beginning on the first anniversary of the date of grant. Under the terms of the Plan, the contractual life of the option grants may not exceed eight years. During the nine months ended September 30, 2013 and 2012, we issued options that expire five years from the date of grant. | |||||||||||||
Fair Value Determination-We have used the Black-Scholes-Merton option pricing model to determine fair value of our awards on the date of grant. We will reconsider the use of the Black-Scholes-Merton model if additional information becomes available in the future that indicates another model would be more appropriate or if grants issued in future periods have characteristics that cannot be reasonably estimated under this model. | |||||||||||||
The following weighted-average assumptions were used for option grants during the nine months ended September 30, 2013 and 2012: | |||||||||||||
Volatility-The expected volatility of the options granted was estimated based upon historical volatility of the Company’s share price through weekly observations of the Company’s trading history. | |||||||||||||
Expected Term-The expected term of options granted to employees during the nine months ended September 30, 2013 and 2012 was determined from historical exercises of the grantee population. For all grants valued during the nine months ended September 30, 2013 and 2012, the options had graded vesting over three years in equal annual installments beginning on the first anniversary of the date of grant and a contractual term of five years. | |||||||||||||
Risk-free Interest Rate-The yield on zero-coupon U.S. Treasury strips was used to extrapolate a forward-yield curve. This “term structure” of future interest rates was then input into numeric model to provide the equivalent risk-free rate to be used in the Black-Scholes-Merton model based on the expected term of the underlying grants. | |||||||||||||
Dividend Yield-The Black-Scholes-Merton valuation model requires an expected dividend yield as an input. We have calculated our expected dividend yield based on an expected annual cash dividend of $0.84 per share. | |||||||||||||
The following table summarizes weighted-average assumptions used in our calculations of fair value for the nine months ended September 30, 2013 and 2012: | |||||||||||||
Nine months ended | |||||||||||||
September 30, | |||||||||||||
2013 | 2012 | ||||||||||||
Volatility | 32.45 | % | 30.49 | % | |||||||||
Expected life of options (in years) | 3.14 | 3.04 | |||||||||||
Risk-free interest rate | 0.44 | % | 0.55 | % | |||||||||
Dividend yield | 3 | % | 2.29 | % | |||||||||
Stock Option Activity-During the nine months ended September 30, 2013, we granted stock options to purchase 488,850 shares of Class A common stock at a weighted-average exercise price of $26.96 per share, which reflects the fair market value of the shares on the date of grant. The weighted-average fair value of options granted during the nine months ended September 30, 2013 and 2012, as determined under the Black-Scholes-Merton valuation model, was $4.81 and $5.91, respectively. These options vest over three years in equal annual installments beginning on the first anniversary of the date of the grant and have a contractual term of five years. Option grants that vested during the nine months ended September 30, 2013 and 2012 had a combined fair value of $4.6 million and $6.9 million, respectively. | |||||||||||||
The following table includes information with respect to stock option activity and stock options outstanding for the year ended December 31, 2012 and the nine months ended September 30, 2013: | |||||||||||||
Number of Shares | Weighted Average Exercise Price | Aggregate Intrinsic Value | |||||||||||
(in thousands) | |||||||||||||
Shares under option, December 31, 2011 | 2,886,110 | $ | 41.14 | $ | 1,096 | ||||||||
Options granted | 986,650 | $ | 29.24 | ||||||||||
Options exercised | (38,542 | ) | $ | 28.93 | $ | 215 | |||||||
Options cancelled and expired | (413,022 | ) | $ | 39.27 | |||||||||
Shares under option, December 31, 2012 | 3,421,196 | $ | 38.61 | $ | 626 | ||||||||
Options granted | 488,850 | $ | 26.96 | ||||||||||
Options exercised | (54,000 | ) | $ | 21.2 | $ | 330 | |||||||
Options cancelled and expired | (717,125 | ) | $ | 40.27 | |||||||||
Shares under option, September 30, 2013 | 3,138,921 | $ | 36.72 | $ | 2,631 | ||||||||
The following table summarizes non-vested stock options for the nine months ended September 30, 2013: | |||||||||||||
Number of Shares | Weighted Average Fair Value | ||||||||||||
Non-vested stock options at December 31, 2012 | 1,697,992 | $ | 7.37 | ||||||||||
Options granted | 488,850 | $ | 4.81 | ||||||||||
Vested during the period | (450,128 | ) | $ | 10.31 | |||||||||
Options cancelled | (275,481 | ) | $ | 6.66 | |||||||||
Non-vested stock options at September 30, 2013 | 1,461,233 | $ | 5.74 | ||||||||||
The following table includes information concerning stock options exercisable and stock options expected to vest at September 30, 2013: | |||||||||||||
Number of Shares | Weighted Average Remaining Contractual Life | Weighted Average Exercise Price | Aggregate Intrinsic Value | ||||||||||
(years) | (in thousands) | ||||||||||||
Stock options exercisable | 1,677,688 | 1.6 | $ | 42.62 | $ | 575 | |||||||
Stock options expected to vest | 1,281,281 | 3.8 | $ | 30.09 | $ | 1,770 | |||||||
Stock options exercisable and expected to vest | 2,958,969 | ||||||||||||
Unrecognized compensation expense related to outstanding stock options expected to vest as of September 30, 2013 was $4.8 million, which is expected to be recognized over a weighted-average period of 2.0 years and will be adjusted for any future changes in estimated forfeitures. | |||||||||||||
Restricted Stock-Under the Plan, we have issued restricted stock. A restricted stock award is an issuance of shares that cannot be sold or transferred by the recipient until the vesting period lapses. Restricted shares issued to employees vest over three years in equal annual installments beginning on the first anniversary of the grant date, contingent upon employment with the Company on the vesting dates. Restricted shares issued to members of our Board of Directors vest in one year. The related compensation expense is recognized over the service period and is based on the grant date fair value of the stock and the number of shares expected to vest. | |||||||||||||
Restricted Stock Activity-The following table summarizes the restricted stock activity for the year ended December 31, 2012 and the nine months ended September 30, 2013: | |||||||||||||
Number of Shares | Grant Date Fair Value | ||||||||||||
(in thousands) | |||||||||||||
Non-vested at December 31, 2011 | 30,667 | ||||||||||||
Granted | 24,000 | $ | 576 | ||||||||||
Vested | (27,334 | ) | $ | 1,237 | |||||||||
Forfeited | — | ||||||||||||
Non-vested at December 31, 2012 | 27,333 | ||||||||||||
Granted | 24,000 | $ | 664 | ||||||||||
Vested | (27,333 | ) | $ | 742 | |||||||||
Forfeited | — | ||||||||||||
Non-vested at September 30, 2013 | 24,000 | ||||||||||||
Business_Segment_And_Geographi
Business Segment And Geographic Area Information | 9 Months Ended | |||||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||||||||||||||
Business Segment And Geographic Area Information | ' | |||||||||||||||||||||||||||
Business Segment and Geographic Area Information | ||||||||||||||||||||||||||||
We have one reportable segment. We deliver a broad array of information technology and technical services solutions under contracts with the U.S. government, state and local governments and commercial customers. Our federal government customers typically exercise independent contracting authority, and even offices or divisions within an agency or department may directly, or through a prime contractor, use our services as a separate customer so long as that customer has independent decision-making and contracting authority within its organization. Revenues from the U.S. government under prime contracts and subcontracts were approximately 99.0% and 99.2% of our total revenues for the nine months ended September 30, 2013 and 2012, respectively. We treat sales to U.S. government customers as sales within the United States regardless of where the services are performed. Furthermore, substantially all of our assets from continuing operations were held in the United States for the periods ended September 30, 2013 and December 31, 2012. | ||||||||||||||||||||||||||||
Revenues by geographic customer and the related percentages of total revenues for the three and nine months ended September 30, 2013 and 2012 were as follows (dollars in thousands): | ||||||||||||||||||||||||||||
Three months ended | Nine months ended | |||||||||||||||||||||||||||
September 30, | September 30, | |||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||
United States | $ | 566,261 | 99.8 | % | $ | 643,853 | 99.8 | % | $ | 1,815,078 | 99.8 | % | $ | 1,956,844 | 99.8 | % | ||||||||||||
International | 1,138 | 0.2 | % | 1,175 | 0.2 | % | 3,458 | 0.2 | % | 3,630 | 0.2 | % | ||||||||||||||||
Total | $ | 567,399 | $ | 645,028 | $ | 1,818,536 | $ | 1,960,474 | ||||||||||||||||||||
The following table includes contracts that exceeded 10% of our revenues for the three and nine months ended September 30, 2013 and 2012 (dollars in thousands): | ||||||||||||||||||||||||||||
Three months ended | Nine months ended | |||||||||||||||||||||||||||
September 30, | September 30, | |||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||
Revenues: | ||||||||||||||||||||||||||||
Contract A | $ | 103,128 | 18.2 | % | $ | 150,062 | 23.3 | % | $ | 378,611 | 20.8 | % | $ | 432,469 | 22.1 | % | ||||||||||||
All other contracts | 464,271 | 81.8 | % | 494,966 | 76.7 | % | 1,439,925 | 79.2 | % | 1,528,005 | 77.9 | % | ||||||||||||||||
Total | $ | 567,399 | $ | 645,028 | $ | 1,818,536 | $ | 1,960,474 | ||||||||||||||||||||
The following table includes contracts that exceeded 10% of our operating income for the three and nine months ended September 30, 2013 and 2012 (dollars in thousands): | ||||||||||||||||||||||||||||
Three months ended | Nine months ended | |||||||||||||||||||||||||||
September 30, | September 30, | |||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||
Operating Income: | ||||||||||||||||||||||||||||
Contract A | $ | 3,894 | 12.2 | % | $ | 8,889 | 20.8 | % | $ | 15,690 | 14.7 | % | $ | 27,737 | 20.8 | % | ||||||||||||
All other contracts | 28,145 | 87.8 | % | 33,870 | 79.2 | % | 91,391 | 85.3 | % | 105,597 | 79.2 | % | ||||||||||||||||
Total | $ | 32,039 | $ | 42,759 | $ | 107,081 | $ | 133,334 | ||||||||||||||||||||
The following table includes contracts that exceeded 10% of our receivables, net at September 30, 2013 and December 31, 2012 (dollars in thousands): | ||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | |||||||||||||||||||||||||||
Receivables-net: | ||||||||||||||||||||||||||||
Contract C | $ | 58,563 | 11.9 | % | $ | 10,738 | 2 | % | ||||||||||||||||||||
Contract A | 51,561 | 10.5 | % | 90,752 | 16.6 | % | ||||||||||||||||||||||
Contract B | 8,947 | 1.8 | % | 62,709 | 11.4 | % | ||||||||||||||||||||||
All other contracts | 372,204 | 75.8 | % | 384,110 | 70 | % | ||||||||||||||||||||||
Total | $ | 491,275 | $ | 548,309 | ||||||||||||||||||||||||
Disclosure items required under ASC 280, Segment Reporting, including interest income, interest expense, depreciation and amortization expense, expenses for stock-based compensation programs, certain unallowable costs as determined under Federal Acquisition Regulations and expenditures for segment assets are not applicable as we review those items on a consolidated basis. |
Equity_Method_Investments
Equity Method Investments | 9 Months Ended |
Sep. 30, 2013 | |
Equity Method Investments and Joint Ventures [Abstract] | ' |
Equity Method Investments | ' |
Equity Method Investments | |
On May 24, 2012, Fluor-ManTech Logistics Solutions, LLC (FMLS), a limited liability company, was created with Fluor International, Inc. and ManTech as the investees. Each investee has a 50% ownership interest in FMLS. Because we have the ability to exercise significant influence over FMLS we determined that the equity method of accounting will be used for our investment. Under the operating agreement, we are required to provide additional financial support for losses incurred by FMLS. We recorded $0.8 million and $0 in equity method losses for the nine months ended September 30, 2013 and 2012. |
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||||||
Schedule of Earnings Per Share, Basic and Diluted | ' | |||||||||||||||
The net income available to common stockholders and weighted average number of common shares outstanding used to compute basic and diluted earnings per share for each class of common stock are as follows (in thousands, except per share amounts): | ||||||||||||||||
Three months ended | Nine months ended | |||||||||||||||
September 30, | September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Distributed earnings | $ | 7,804 | $ | 7,771 | $ | 23,389 | $ | 23,272 | ||||||||
Undistributed earnings | 9,914 | 16,656 | 36,060 | 51,542 | ||||||||||||
Net income | $ | 17,718 | $ | 24,427 | $ | 59,449 | $ | 74,814 | ||||||||
Class A common stock: | ||||||||||||||||
Basic net income available to common stockholders | $ | 11,424 | $ | 15,707 | $ | 38,302 | $ | 48,061 | ||||||||
Basic weighted average common shares outstanding | 23,944 | 23,760 | 23,896 | 23,700 | ||||||||||||
Basic earnings per share | $ | 0.48 | $ | 0.66 | $ | 1.6 | $ | 2.03 | ||||||||
Diluted net income available to common stockholders | $ | 11,430 | $ | 15,711 | $ | 38,324 | $ | 48,092 | ||||||||
Effect of potential exercise of stock options | 38 | 18 | 37 | 43 | ||||||||||||
Diluted weighted average common shares outstanding | 23,982 | 23,778 | 23,933 | 23,743 | ||||||||||||
Diluted earnings per share | $ | 0.48 | $ | 0.66 | $ | 1.6 | $ | 2.03 | ||||||||
Class B common shares: | ||||||||||||||||
Basic net income available to common stockholders | $ | 6,294 | $ | 8,720 | $ | 21,147 | $ | 26,753 | ||||||||
Basic weighted average common shares outstanding | 13,193 | 13,193 | 13,193 | 13,193 | ||||||||||||
Basic earnings per share | $ | 0.48 | $ | 0.66 | $ | 1.6 | $ | 2.03 | ||||||||
Diluted net income available to common stockholders | $ | 6,288 | $ | 8,716 | $ | 21,125 | $ | 26,722 | ||||||||
Effect of potential exercise of stock options | — | — | — | — | ||||||||||||
Diluted weighted average common shares outstanding | 13,193 | 13,193 | 13,193 | 13,193 | ||||||||||||
Diluted earnings per share | $ | 0.48 | $ | 0.66 | $ | 1.6 | $ | 2.03 | ||||||||
Receivables_Tables
Receivables (Tables) | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Accounts Receivable, Net [Abstract] | ' | |||||||
Components of Contract Receivables | ' | |||||||
The components of contract receivables are as follows (in thousands): | ||||||||
September 30, 2013 | December 31, 2012 | |||||||
Billed receivables | $ | 395,718 | $ | 420,598 | ||||
Unbilled receivables: | ||||||||
Amounts billable | 96,113 | 119,893 | ||||||
Revenues recorded in excess of funding | 7,139 | 11,148 | ||||||
Retainage | 2,395 | 6,119 | ||||||
Allowance for doubtful accounts | (10,090 | ) | (9,449 | ) | ||||
Receivables-net | $ | 491,275 | $ | 548,309 | ||||
Property_And_Equipment_Tables
Property And Equipment (Tables) | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Property, Plant and Equipment [Abstract] | ' | |||||||
Major Classes Of Property And Equipment | ' | |||||||
Major classes of property and equipment are summarized as follows (in thousands): | ||||||||
September 30, 2013 | December 31, 2012 | |||||||
Furniture and equipment | $ | 50,934 | $ | 94,934 | ||||
Leasehold improvements | 31,034 | 28,932 | ||||||
81,968 | 123,866 | |||||||
Less: Accumulated depreciation and amortization | (52,915 | ) | (95,278 | ) | ||||
Total property and equipment, net | $ | 29,053 | $ | 28,588 | ||||
Goodwill_And_Other_Intangible_1
Goodwill And Other Intangible Assets (Tables) | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||||||||||||
Changes In Carrying Amounts Of Goodwill | ' | |||||||||||||||||||||||
The changes in the carrying amounts of goodwill during the year ended December 31, 2012 and the period ended September 30, 2013 are as follows (in thousands): | ||||||||||||||||||||||||
Goodwill Balance | ||||||||||||||||||||||||
Balance at December 31, 2011 | $ | 808,455 | ||||||||||||||||||||||
Additional consideration for the acquisition of Worldwide Information Network Systems, Inc. | 212 | |||||||||||||||||||||||
Acquisition-Evolvent | 33,175 | |||||||||||||||||||||||
Acquisition-HBGary | 20,070 | |||||||||||||||||||||||
Balance at December 31, 2012 | $ | 861,912 | ||||||||||||||||||||||
Acquisition-ALTA | 9,081 | |||||||||||||||||||||||
Other | 301 | |||||||||||||||||||||||
Balance at September 30, 2013 | $ | 871,294 | ||||||||||||||||||||||
Schedule Of Other Intangible Assets | ' | |||||||||||||||||||||||
Other intangible assets consisted of the following (in thousands): | ||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | |||||||||||||||||||||||
Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | |||||||||||||||||||
Other intangible assets: | ||||||||||||||||||||||||
Contract and program intangible assets | $ | 251,572 | $ | 105,298 | $ | 146,274 | $ | 249,882 | $ | 92,400 | $ | 157,482 | ||||||||||||
Capitalized software cost for internal use | 32,796 | 22,823 | 9,973 | 30,985 | 20,637 | 10,348 | ||||||||||||||||||
Other | 115 | 42 | 73 | 115 | 35 | 80 | ||||||||||||||||||
Total other intangible assets, net | $ | 284,483 | $ | 128,163 | $ | 156,320 | $ | 280,982 | $ | 113,072 | $ | 167,910 | ||||||||||||
Schedule Of Future Period Amortization Expense | ' | |||||||||||||||||||||||
We estimate that we will have the following amortization expense for the future periods indicated below (in thousands): | ||||||||||||||||||||||||
For the remaining three months ending December 31, 2013 | $ | 5,073 | ||||||||||||||||||||||
For the year ending: | ||||||||||||||||||||||||
December 31, 2014 | $ | 18,254 | ||||||||||||||||||||||
December 31, 2015 | $ | 15,650 | ||||||||||||||||||||||
December 31, 2016 | $ | 13,650 | ||||||||||||||||||||||
December 31, 2017 | $ | 11,924 | ||||||||||||||||||||||
December 31, 2018 | $ | 10,754 | ||||||||||||||||||||||
LongTerm_Debt_Tables
Long-Term Debt (Tables) | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Debt Disclosure [Abstract] | ' | |||||||
Components Of Long-term Debt | ' | |||||||
Long-term debt consisted of the following (in thousands): | ||||||||
September 30, 2013 | December 31, 2012 | |||||||
Revolving credit facility | $ | — | $ | — | ||||
7.25% senior unsecured notes | 200,000 | 200,000 | ||||||
Long-term debt | $ | 200,000 | $ | 200,000 | ||||
Activity Under Revolving Credit Facility | ' | |||||||
The following table summarizes the activity under our revolving credit facility for the nine months ended September 30, 2013 and 2012 (in thousands): | ||||||||
Nine months ended | ||||||||
September 30, | ||||||||
2013 | 2012 | |||||||
Borrowings under revolving credit facility | $ | — | $ | 9,000 | ||||
Repayment of borrowings under revolving credit facility | $ | — | $ | (9,000 | ) | |||
StockBased_Compensation_Tables
Stock-Based Compensation (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Share-based Compensation [Abstract] | ' | ||||||||||||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | ' | ||||||||||||
The following table summarizes weighted-average assumptions used in our calculations of fair value for the nine months ended September 30, 2013 and 2012: | |||||||||||||
Nine months ended | |||||||||||||
September 30, | |||||||||||||
2013 | 2012 | ||||||||||||
Volatility | 32.45 | % | 30.49 | % | |||||||||
Expected life of options (in years) | 3.14 | 3.04 | |||||||||||
Risk-free interest rate | 0.44 | % | 0.55 | % | |||||||||
Dividend yield | 3 | % | 2.29 | % | |||||||||
Schedule of Share-based Compensation, Stock Options, Activity | ' | ||||||||||||
The following table includes information with respect to stock option activity and stock options outstanding for the year ended December 31, 2012 and the nine months ended September 30, 2013: | |||||||||||||
Number of Shares | Weighted Average Exercise Price | Aggregate Intrinsic Value | |||||||||||
(in thousands) | |||||||||||||
Shares under option, December 31, 2011 | 2,886,110 | $ | 41.14 | $ | 1,096 | ||||||||
Options granted | 986,650 | $ | 29.24 | ||||||||||
Options exercised | (38,542 | ) | $ | 28.93 | $ | 215 | |||||||
Options cancelled and expired | (413,022 | ) | $ | 39.27 | |||||||||
Shares under option, December 31, 2012 | 3,421,196 | $ | 38.61 | $ | 626 | ||||||||
Options granted | 488,850 | $ | 26.96 | ||||||||||
Options exercised | (54,000 | ) | $ | 21.2 | $ | 330 | |||||||
Options cancelled and expired | (717,125 | ) | $ | 40.27 | |||||||||
Shares under option, September 30, 2013 | 3,138,921 | $ | 36.72 | $ | 2,631 | ||||||||
Schedule of Non-Vested Share Activity | ' | ||||||||||||
The following table summarizes non-vested stock options for the nine months ended September 30, 2013: | |||||||||||||
Number of Shares | Weighted Average Fair Value | ||||||||||||
Non-vested stock options at December 31, 2012 | 1,697,992 | $ | 7.37 | ||||||||||
Options granted | 488,850 | $ | 4.81 | ||||||||||
Vested during the period | (450,128 | ) | $ | 10.31 | |||||||||
Options cancelled | (275,481 | ) | $ | 6.66 | |||||||||
Non-vested stock options at September 30, 2013 | 1,461,233 | $ | 5.74 | ||||||||||
Stock Options Exercisable And Expected To Vest | ' | ||||||||||||
The following table includes information concerning stock options exercisable and stock options expected to vest at September 30, 2013: | |||||||||||||
Number of Shares | Weighted Average Remaining Contractual Life | Weighted Average Exercise Price | Aggregate Intrinsic Value | ||||||||||
(years) | (in thousands) | ||||||||||||
Stock options exercisable | 1,677,688 | 1.6 | $ | 42.62 | $ | 575 | |||||||
Stock options expected to vest | 1,281,281 | 3.8 | $ | 30.09 | $ | 1,770 | |||||||
Stock options exercisable and expected to vest | 2,958,969 | ||||||||||||
Schedule of Restricted Stock Activity | ' | ||||||||||||
The following table summarizes the restricted stock activity for the year ended December 31, 2012 and the nine months ended September 30, 2013: | |||||||||||||
Number of Shares | Grant Date Fair Value | ||||||||||||
(in thousands) | |||||||||||||
Non-vested at December 31, 2011 | 30,667 | ||||||||||||
Granted | 24,000 | $ | 576 | ||||||||||
Vested | (27,334 | ) | $ | 1,237 | |||||||||
Forfeited | — | ||||||||||||
Non-vested at December 31, 2012 | 27,333 | ||||||||||||
Granted | 24,000 | $ | 664 | ||||||||||
Vested | (27,333 | ) | $ | 742 | |||||||||
Forfeited | — | ||||||||||||
Non-vested at September 30, 2013 | 24,000 | ||||||||||||
Business_Segment_And_Geographi1
Business Segment And Geographic Area Information (Tables) | 9 Months Ended | |||||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||||||||||||||
Schedule of Revenues by Geographic Customer and Related Percentage Of Total Revenues | ' | |||||||||||||||||||||||||||
Revenues by geographic customer and the related percentages of total revenues for the three and nine months ended September 30, 2013 and 2012 were as follows (dollars in thousands): | ||||||||||||||||||||||||||||
Three months ended | Nine months ended | |||||||||||||||||||||||||||
September 30, | September 30, | |||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||
United States | $ | 566,261 | 99.8 | % | $ | 643,853 | 99.8 | % | $ | 1,815,078 | 99.8 | % | $ | 1,956,844 | 99.8 | % | ||||||||||||
International | 1,138 | 0.2 | % | 1,175 | 0.2 | % | 3,458 | 0.2 | % | 3,630 | 0.2 | % | ||||||||||||||||
Total | $ | 567,399 | $ | 645,028 | $ | 1,818,536 | $ | 1,960,474 | ||||||||||||||||||||
Contracts Exceeding 10% Of Revenues | ' | |||||||||||||||||||||||||||
The following table includes contracts that exceeded 10% of our revenues for the three and nine months ended September 30, 2013 and 2012 (dollars in thousands): | ||||||||||||||||||||||||||||
Three months ended | Nine months ended | |||||||||||||||||||||||||||
September 30, | September 30, | |||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||
Revenues: | ||||||||||||||||||||||||||||
Contract A | $ | 103,128 | 18.2 | % | $ | 150,062 | 23.3 | % | $ | 378,611 | 20.8 | % | $ | 432,469 | 22.1 | % | ||||||||||||
All other contracts | 464,271 | 81.8 | % | 494,966 | 76.7 | % | 1,439,925 | 79.2 | % | 1,528,005 | 77.9 | % | ||||||||||||||||
Total | $ | 567,399 | $ | 645,028 | $ | 1,818,536 | $ | 1,960,474 | ||||||||||||||||||||
Contracts Exceeding 10% Of Operating Income | ' | |||||||||||||||||||||||||||
The following table includes contracts that exceeded 10% of our operating income for the three and nine months ended September 30, 2013 and 2012 (dollars in thousands): | ||||||||||||||||||||||||||||
Three months ended | Nine months ended | |||||||||||||||||||||||||||
September 30, | September 30, | |||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||||||
Operating Income: | ||||||||||||||||||||||||||||
Contract A | $ | 3,894 | 12.2 | % | $ | 8,889 | 20.8 | % | $ | 15,690 | 14.7 | % | $ | 27,737 | 20.8 | % | ||||||||||||
All other contracts | 28,145 | 87.8 | % | 33,870 | 79.2 | % | 91,391 | 85.3 | % | 105,597 | 79.2 | % | ||||||||||||||||
Total | $ | 32,039 | $ | 42,759 | $ | 107,081 | $ | 133,334 | ||||||||||||||||||||
Contracts Exceeding 10% Of Receivables, net | ' | |||||||||||||||||||||||||||
The following table includes contracts that exceeded 10% of our receivables, net at September 30, 2013 and December 31, 2012 (dollars in thousands): | ||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | |||||||||||||||||||||||||||
Receivables-net: | ||||||||||||||||||||||||||||
Contract C | $ | 58,563 | 11.9 | % | $ | 10,738 | 2 | % | ||||||||||||||||||||
Contract A | 51,561 | 10.5 | % | 90,752 | 16.6 | % | ||||||||||||||||||||||
Contract B | 8,947 | 1.8 | % | 62,709 | 11.4 | % | ||||||||||||||||||||||
All other contracts | 372,204 | 75.8 | % | 384,110 | 70 | % | ||||||||||||||||||||||
Total | $ | 491,275 | $ | 548,309 | ||||||||||||||||||||||||
Introduction_and_Overview_Narr
Introduction and Overview (Narrative) (Details) | 9 Months Ended |
Sep. 30, 2013 | |
contracts | |
federalagenices | |
Introduction And Overview [Abstract] | ' |
Number Of Federal Agencies | 50 |
Number Of Contracts | 1,000 |
Acquisitions_Narrative_Details
Acquisitions (Narrative) (Details) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
ALTA Systems, Inc [Member] | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Business Combination, Acquisition Related Costs | $0.10 | ' |
Business Combination, Consideration Transferred | 10.2 | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | 11.1 | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | 0.9 | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill | 0.7 | ' |
Business Acquisition, Goodwill, Expected Tax Deductible Amount | 9.1 | ' |
Business Acquisition, Goodwill, Expected Tax Amortization Period | '15 years | ' |
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | '17 years 1 month | ' |
ALTA Systems, Inc [Member] | Customer Relationships [Member] | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Finite-lived Intangible Assets Acquired | 0.6 | ' |
Finite-Lived Intangible Asset, Useful Life | '20 years | ' |
ALTA Systems, Inc [Member] | Backlog [Member] | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Finite-lived Intangible Assets Acquired | 0.1 | ' |
Finite-Lived Intangible Asset, Useful Life | '1 year | ' |
HBGary, Inc. [Member] | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Business Combination, Acquisition Related Costs | ' | 0.8 |
Business Combination, Consideration Transferred | ' | 23.8 |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | 24.6 | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | 0.8 | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill | 3.1 | ' |
Business Acquisition, Goodwill, Expected Tax Deductible Amount | 20.1 | ' |
Business Acquisition, Goodwill, Expected Tax Amortization Period | '15 years | ' |
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | '2 years 6 months | ' |
HBGary, Inc. [Member] | Developed Technology [Member] | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Finite-lived Intangible Assets Acquired | 2 | ' |
Finite-Lived Intangible Asset, Useful Life | '3 years | ' |
HBGary, Inc. [Member] | Customer Relationships [Member] | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Finite-lived Intangible Assets Acquired | 0.9 | ' |
Finite-Lived Intangible Asset, Useful Life | '2 years | ' |
HBGary, Inc. [Member] | Trademarks [Member] | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Finite-lived Intangible Assets Acquired | 0.2 | ' |
Finite-Lived Intangible Asset, Useful Life | '2 years | ' |
Evolvent Technologies, Inc. [Member] | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Business Combination, Acquisition Related Costs | ' | 0.2 |
Business Combination, Consideration Transferred | ' | 39.9 |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | 46.9 | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | 7 | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill | 3.7 | ' |
Business Acquisition, Goodwill, Amount Not Tax Deductible | 33.2 | ' |
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | '18 years 6 months | ' |
Evolvent Technologies, Inc. [Member] | Customer Relationships [Member] | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Finite-lived Intangible Assets Acquired | 3.4 | ' |
Finite-Lived Intangible Asset, Useful Life | '20 years | ' |
Evolvent Technologies, Inc. [Member] | Backlog [Member] | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Finite-lived Intangible Assets Acquired | $0.30 | ' |
Finite-Lived Intangible Asset, Useful Life | '1 year | ' |
Earnings_Per_Share_Narrative_D
Earnings Per Share (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||||
Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |
dividends | dividends | ||||||||
Earnings Per Share [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Dividends Declared and Paid | ' | ' | ' | ' | ' | ' | 3 | 3 | ' |
Dividend Declared And Paid | $0.21 | $0.21 | $0.21 | $0.21 | $0.21 | $0.21 | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 3,000,000 | ' | ' | 2,900,000 | ' | ' | 3,300,000 | 2,900,000 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | ' | ' | ' | ' | ' | ' | 54,000 | 36,542 | 38,542 |
Earnings_Per_Share_Schedule_of
Earnings Per Share (Schedule of Earnings Per Share, Basic and Diluted) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Components of Earnings Per Share, Basic and Diluted [Line Items] | ' | ' | ' | ' |
Distributed earnings | $7,804 | $7,771 | $23,389 | $23,272 |
Undistributed earnings | 9,914 | 16,656 | 36,060 | 51,542 |
Net income | 17,718 | 24,427 | 59,449 | 74,814 |
Class A Common Stock [Member] | ' | ' | ' | ' |
Components of Earnings Per Share, Basic and Diluted [Line Items] | ' | ' | ' | ' |
Basic net income available to common stockholders | 11,424 | 15,707 | 38,302 | 48,061 |
Basic weighted average common shares outstanding | 23,944 | 23,760 | 23,896 | 23,700 |
Basic earnings per share | $0.48 | $0.66 | $1.60 | $2.03 |
Diluted net income available to common stockholders | 11,430 | 15,711 | 38,324 | 48,092 |
Effect of potential exercise of stock options | 38 | 18 | 37 | 43 |
Diluted weighted average common shares outstanding | 23,982 | 23,778 | 23,933 | 23,743 |
Diluted earnings per share | $0.48 | $0.66 | $1.60 | $2.03 |
Class B Common Stock [Member] | ' | ' | ' | ' |
Components of Earnings Per Share, Basic and Diluted [Line Items] | ' | ' | ' | ' |
Basic net income available to common stockholders | 6,294 | 8,720 | 21,147 | 26,753 |
Basic weighted average common shares outstanding | 13,193 | 13,193 | 13,193 | 13,193 |
Basic earnings per share | $0.48 | $0.66 | $1.60 | $2.03 |
Diluted net income available to common stockholders | $6,288 | $8,716 | $21,125 | $26,722 |
Effect of potential exercise of stock options | 0 | 0 | 0 | 0 |
Diluted weighted average common shares outstanding | 13,193 | 13,193 | 13,193 | 13,193 |
Diluted earnings per share | $0.48 | $0.66 | $1.60 | $2.03 |
Receivables_Narrative_Details
Receivables (Narrative) (Details) (USD $) | Sep. 30, 2013 |
In Millions, unless otherwise specified | |
Accounts Receivable, Net [Abstract] | ' |
Accounts Receivable Not Expected to be Substantially Collected within One Year | $1.60 |
Percentage Of Accounts Receivable Not Expected to be Collected Within One Year related to Receivables from Direct Sales to U.S. Government | 91.70% |
Receivables_Components_of_Cont
Receivables (Components of Contract Receivables) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accounts Receivable, Net [Abstract] | ' | ' |
Billed receivables | $395,718 | $420,598 |
Unbilled receivables, amounts billable | 96,113 | 119,893 |
Unbilled receivables, revenues recorded in excess of funding | 7,139 | 11,148 |
Unbilled receivables, retainage | 2,395 | 6,119 |
Allowance for doubtful accounts | -10,090 | -9,449 |
Receivables-net | $491,275 | $548,309 |
Property_And_Equipment_Major_C
Property And Equipment (Major Classes Of Property And Equipment) (Table) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | $81,968 | $123,866 |
Less: Accumulated depreciation and amortization | -52,915 | -95,278 |
Total property and equipment-net | 29,053 | 28,588 |
Furniture and Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | 50,934 | 94,934 |
Leasehold Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, gross | $31,034 | $28,932 |
Goodwill_And_Other_Intangible_2
Goodwill And Other Intangible Assets (Changes In Carrying Amounts Of Goodwill) (Details) (USD $) | 9 Months Ended | 12 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 |
Worldwide Information Network Systems, Inc. [Member] | Evolvent Technologies, Inc. [Member] | HBGary, Inc. [Member] | ALTA Systems, Inc [Member] | |||
Goodwill [Roll Forward] | ' | ' | ' | ' | ' | ' |
Goodwill balance, period start | $861,912 | $808,455 | ' | ' | ' | ' |
Additional consideration for the acquisition | ' | ' | 212 | ' | ' | ' |
Acquisition | ' | ' | ' | 33,175 | 20,070 | 9,081 |
Other | 301 | ' | ' | ' | ' | ' |
Goodwill balance, period end | $871,294 | $808,455 | ' | ' | ' | ' |
Goodwill_And_Other_Intangible_3
Goodwill And Other Intangible Assets (Schedule Of Other Intangible Assets) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Amount | $284,483 | $280,982 |
Accumulated Amortization | 128,163 | 113,072 |
Net Carrying Amount | 156,320 | 167,910 |
Contract and program intangible assets [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Amount | 251,572 | 249,882 |
Accumulated Amortization | 105,298 | 92,400 |
Net Carrying Amount | 146,274 | 157,482 |
Capitalized software cost for internal use [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Amount | 32,796 | 30,985 |
Accumulated Amortization | 22,823 | 20,637 |
Net Carrying Amount | 9,973 | 10,348 |
Other [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Amount | 115 | 115 |
Accumulated Amortization | 42 | 35 |
Net Carrying Amount | $73 | $80 |
Goodwill_And_Other_Intangible_4
Goodwill And Other Intangible Assets (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ' | ' | ' |
Amortization expense related to intangible assets | $5.10 | $5.30 | $15.30 | $15.20 |
Goodwill_And_Other_Intangible_5
Goodwill And Other Intangible Assets (Schedule of Future Period Amortization Expense) (Details) (USD $) | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |
Goodwill and Intangible Assets Disclosure [Abstract] | ' |
For the remaining three months ending December 31, 2013 | $5,073 |
For the year ending December 31, 2014 | 18,254 |
For the year ending December 31, 2015 | 15,650 |
For the year ending December 31, 2016 | 13,650 |
For the year ending December 31, 2017 | 11,924 |
For the year ending December 31, 2018 | $10,754 |
LongTerm_Debt_Components_Of_Lo
Long-Term Debt (Components Of Long-term Debt) (Table) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Debt Disclosure [Abstract] | ' | ' |
Revolving credit facility | $0 | $0 |
7.25% senior unsecured notes | 200,000 | 200,000 |
Long-term debt | $200,000 | $200,000 |
LongTerm_Debt_Revolving_Credit
Long-Term Debt (Revolving Credit Facility) (Narrative) (Details) (USD $) | 9 Months Ended | |||||||
Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | |
Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Bank of America Syndicate [Member] | Bank of America Syndicate [Member] | Bank of America Syndicate [Member] | Bank of America Syndicate [Member] | |
London Interbank Offered Rate (LIBOR) [Member] | Bank of America [Member] | London Interbank Offered Rate (LIBOR) [Member] | Bank of America [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Letter of Credit [Member] | Revolving Credit Facility, Swing Line Loan [Member] | |
Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | |||||
Line of Credit Facility [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Maximum Borrowing Capacity | ' | ' | ' | ' | $500,000,000 | ' | $25,000,000 | $30,000,000 |
Additional commitments with accordion feature | ' | ' | ' | ' | 250,000,000 | ' | ' | ' |
Debt Instrument, Basis Spread on Variable Rate | 1.25% | 0.25% | 2.25% | 1.25% | ' | ' | ' | ' |
Line of Credit Facility, Amount Outstanding | ' | ' | ' | ' | 0 | 0 | 200,000 | ' |
Line of Credit Facility, Remaining Borrowing Capacity | ' | ' | ' | ' | $499,800,000 | ' | ' | ' |
LongTerm_Debt_Activity_Under_R
Long-Term Debt (Activity Under Revolving Credit Facility) (Table) (Details) (Bank of America Syndicate [Member], Revolving Credit Facility [Member], USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Bank of America Syndicate [Member] | Revolving Credit Facility [Member] | ' | ' |
Line of Credit Facility [Line Items] | ' | ' |
Borrowings under revolving credit facility | $0 | $9,000 |
Repayment of borrowings under revolving credit facility | $0 | ($9,000) |
LongTerm_Debt_Senior_Unsecured
Long-Term Debt (Senior Unsecured Notes) (Narrative) (Details) (USD $) | Sep. 30, 2013 | Apr. 13, 2010 |
Debt Instrument [Line Items] | ' | ' |
Wholly-owned Subsidiaries Percentage | 100.00% | ' |
7.25% Senior Unsecured Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt instrument, interest rate, stated percentage | 7.25% | ' |
Debt instrument, face amount | $200,000,000 | ' |
Debt instrument, fair value disclosure | $211,600,000 | ' |
Issued percentage of aggregate principal amount | ' | 100.00% |
Debt instrument, interest rate, effective percentage | 7.67% | ' |
Holders of minimum percentage of principal amount | 25.00% | ' |
StockBased_Compensation_Narrat
Stock-Based Compensation (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Jan. 02, 2013 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' |
Annual percentage increase in number of shares available for issuance | ' | ' | 1.50% | ' | ' | ' |
Additional shares available for issuance under the plan | ' | ' | ' | ' | ' | 555,638 |
Number of Shares Authorized | 3,808,122 | ' | 3,808,122 | ' | ' | ' |
Stock compensation expense | $1,200,000 | $1,900,000 | $4,000,000 | $6,300,000 | ' | ' |
Compensation expense of employee with stock awards, including stock-based compensation expense, capitalized amount | 0 | 0 | 0 | 0 | ' | ' |
Share-based Compensation, Tax Deficiency from Exercise of Stock Options, Vested Cancellations and Vesting of Restricted Stock | ' | ' | 2,000,000 | 600,000 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | ' | ' | '3 years | '3 years | ' | ' |
Contractual Life Of Option Grants | ' | ' | '5 years | '5 years | ' | ' |
Expected annual cash dividend | $0.84 | ' | $0.84 | ' | ' | ' |
Share-based Payment Award, Options, Grants in Period | ' | ' | 488,850 | ' | 986,650 | ' |
Options granted, weighted average exercise price | ' | ' | $26.96 | ' | $29.24 | ' |
Options granted, Weighted Average Fair Value | ' | ' | $4.81 | $5.91 | ' | ' |
Share-based Payment Award, Options, Vested in Period, Fair Value | ' | ' | 4,600,000 | 6,900,000 | ' | ' |
Share-based Compensation, Nonvested Awards, Total Compensation Cost Not Yet Recognized | $4,800,000 | ' | $4,800,000 | ' | ' | ' |
Share-based Compensation, Nonvested Awards, Total Compensation Cost Not Yet Recognized, Period for Recognition | ' | ' | '2 years | ' | ' | ' |
Restricted Stock Granted to Employees [Member] | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | ' | ' | '3 years | '3 years | ' | ' |
Restricted Stock Granted to Board of Directors [Member] | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | ' | ' | '1 year | '1 year | ' | ' |
Common Class A [Member] | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' |
Number of shares issued and outstanding under plan | 4,590,742 | ' | 4,590,742 | ' | ' | ' |
Maximum [Member] | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' |
Contractual Life Of Option Grants | ' | ' | '8 years | '8 years | ' | ' |
StockBased_Compensation_Schedu
Stock-Based Compensation (Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions) (Table) (Details) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Share-based Compensation [Abstract] | ' | ' |
Volatility | 32.45% | 30.49% |
Expected life of options | '3 years 1 month 20 days | '3 years 0 months 14 days |
Risk-free interest rate | 0.44% | 0.55% |
Dividend yield | 3.00% | 2.29% |
StockBased_Compensation_Schedu1
Stock-Based Compensation (Schedule of Share-based Compensation, Stock Options, Activity) (Table) (Details) (USD $) | 9 Months Ended | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 |
Share-based Payment Award, Options, Outstanding [Roll Forward] | ' | ' | ' | ' |
Shares under option, period start | 3,421,196 | 2,886,110 | 2,886,110 | ' |
Options granted, Number of Shares | 488,850 | ' | 986,650 | ' |
Options exercised, Number of Shares | -54,000 | -36,542 | -38,542 | ' |
Options cancelled and expired, Number of Shares | -717,125 | ' | -413,022 | ' |
Shares under option, period end | 3,138,921 | ' | 3,421,196 | ' |
Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward] | ' | ' | ' | ' |
Shares under option, weighted average exercise price start of period | $38.61 | $41.14 | $41.14 | ' |
Options granted, weighted average exercise price | $26.96 | ' | $29.24 | ' |
Options exercised, weighted average exercise price | $21.20 | ' | $28.93 | ' |
Options cancelled and expired, weighted average exercise price | $40.27 | ' | $39.27 | ' |
Shares under option, weighted average exercise price end of period | $36.72 | ' | $38.61 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract] | ' | ' | ' | ' |
Shares under option, aggregate intrinsic value | $2,631 | ' | $626 | $1,096 |
Options exercised, aggregate intrinsic value | $330 | ' | $215 | ' |
StockBased_Compensation_Schedu2
Stock-Based Compensation (Schedule Of Non-Vested Share Activity) (Table) (Details) (USD $) | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested [Roll Forward] | ' | ' | ' |
Non-vested stock options, Number of Shares, Period Start | 1,697,992 | ' | ' |
Options granted, Number of Shares | 488,850 | ' | 986,650 |
Vested during period, Number of Shares | -450,128 | ' | ' |
Options cancelled, Number of Shares | -275,481 | ' | ' |
Non-vested stock options, Number of Shares, Period End | 1,461,233 | ' | 1,697,992 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | ' | ' | ' |
Non-vested stock options, Weighted Average Fair Value, Period Start | $7.37 | ' | ' |
Options granted, Weighted Average Fair Value | $4.81 | $5.91 | ' |
Vested during period, Weighted Average Fair Value | $10.31 | ' | ' |
Options cancelled, Weighted Average Fair Value | $6.66 | ' | ' |
Non-vested stock options, Weighted Average Fair Value, Period End | $5.74 | ' | $7.37 |
StockBased_Compensation_Stock_
Stock-Based Compensation (Stock Options Exercisable And Expected To Vest) (Table) (Details) (USD $) | 9 Months Ended |
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 |
Share-based Compensation [Abstract] | ' |
Stock options exercisable, Number of Shares | 1,677,688 |
Stock options expected to vest, Number of Shares | 1,281,281 |
Stock options exercisable and expected to vest, Number of Shares | 2,958,969 |
Stock options exercisable, Weighted Average Remaining Contractual Life | '1 year 7 months |
Stock options exercisable, Weighted Average Exercise Price | $42.62 |
Stock options exercisable, Aggregate Intrinsic Value | $575 |
Stock options expected to vest, Weighted Average Remaining Contractual Life | '3 years 9 months |
Stock options expected to vest, Weighted Average Exercise Price | $30.09 |
Stock options expected to vest, Aggregate Intrinsic Value | $1,770 |
StockBased_Compensation_Schedu3
Stock-Based Compensation (Schedule Of Restricted Stock Activity) (Table) (Details) (Restricted Stock [Member], USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Restricted Stock [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Non-vested [Roll Forward] | ' | ' |
Non-vested, Number of Shares, Period Start | 27,333 | 30,667 |
Granted, Number of Shares | 24,000 | 24,000 |
Vested, Number of Shares | -27,333 | -27,334 |
Forfeited, Number of Shares | 0 | 0 |
Non-vested, Number of Shares, Period End | 24,000 | 27,333 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract] | ' | ' |
Granted, Grant Date Fair Value | $664 | $576 |
Vested, Grant Date Fair Value | $742 | $1,237 |
Business_Segment_And_Geographi2
Business Segment And Geographic Area Information (Narrative) (Details) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Number of reportable segments | ' | ' | 1 | ' | ' |
Major Contract Benchmark | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% |
Revenues [Member] | U.S. government under prime contracts and subcontracts [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Percentage | ' | ' | 99.00% | 99.20% | ' |
Business_Segment_And_Geographi3
Business Segment And Geographic Area Information (Schedule of Revenues by Geographic Customer and Related Percentage of Total Revenues) (Table) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' |
Revenues | $567,399 | $645,028 | $1,818,536 | $1,960,474 |
Revenues [Member] | United States | ' | ' | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' |
Revenues | 566,261 | 643,853 | 1,815,078 | 1,956,844 |
Percentage | 99.80% | 99.80% | 99.80% | 99.80% |
Revenues [Member] | International [Member] | ' | ' | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' |
Revenues | $1,138 | $1,175 | $3,458 | $3,630 |
Percentage | 0.20% | 0.20% | 0.20% | 0.20% |
Business_Segment_And_Geographi4
Business Segment And Geographic Area Information (Contracts Exceeding 10% Of Revenues) (Table) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Revenues, Major Customer [Line Items] | ' | ' | ' | ' |
Revenues | $567,399 | $645,028 | $1,818,536 | $1,960,474 |
Revenues [Member] | Contract A [Member] | ' | ' | ' | ' |
Revenues, Major Customer [Line Items] | ' | ' | ' | ' |
Revenues | 103,128 | 150,062 | 378,611 | 432,469 |
Percentage | 18.20% | 23.30% | 20.80% | 22.10% |
Revenues [Member] | All Other Contracts [Member] | ' | ' | ' | ' |
Revenues, Major Customer [Line Items] | ' | ' | ' | ' |
Revenues | $464,271 | $494,966 | $1,439,925 | $1,528,005 |
Percentage | 81.80% | 76.70% | 79.20% | 77.90% |
Business_Segment_And_Geographi5
Business Segment And Geographic Area Information (Contract Exceeding 10% Of Operating Income) (Table) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Schedule of Operating Income by Major Customer [Line Items] | ' | ' | ' | ' |
Operating Income (Loss) | $32,039 | $42,759 | $107,081 | $133,334 |
Operating Income [Member] | Contract A [Member] | ' | ' | ' | ' |
Schedule of Operating Income by Major Customer [Line Items] | ' | ' | ' | ' |
Operating Income (Loss) | 3,894 | 8,889 | 15,690 | 27,737 |
Percentage | 12.20% | 20.80% | 14.70% | 20.80% |
Operating Income [Member] | All Other Contracts [Member] | ' | ' | ' | ' |
Schedule of Operating Income by Major Customer [Line Items] | ' | ' | ' | ' |
Operating Income (Loss) | $28,145 | $33,870 | $91,391 | $105,597 |
Percentage | 87.80% | 79.20% | 85.30% | 79.20% |
Business_Segment_And_Geographi6
Business Segment And Geographic Area Information (Contract Exceeding 10% Of Receivables, net) (Table) (Details) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Schedule of Receivables, net by Major Customer [Line Items] | ' | ' |
Receivables-net | $491,275 | $548,309 |
Receivables [Member] | Contract C [Member] | ' | ' |
Schedule of Receivables, net by Major Customer [Line Items] | ' | ' |
Receivables-net | 58,563 | 10,738 |
Percentage | 11.90% | 2.00% |
Receivables [Member] | Contract A [Member] | ' | ' |
Schedule of Receivables, net by Major Customer [Line Items] | ' | ' |
Receivables-net | 51,561 | 90,752 |
Percentage | 10.50% | 16.60% |
Receivables [Member] | Contract B [Member] | ' | ' |
Schedule of Receivables, net by Major Customer [Line Items] | ' | ' |
Receivables-net | 8,947 | 62,709 |
Percentage | 1.80% | 11.40% |
Receivables [Member] | All Other Contracts [Member] | ' | ' |
Schedule of Receivables, net by Major Customer [Line Items] | ' | ' |
Receivables-net | $372,204 | $384,110 |
Percentage | 75.80% | 70.00% |
Equity_Method_Investments_Narr
Equity Method Investments (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' |
Equity in losses of unconsolidated subsidiaries | $750,000 | $0 | $750,000 | $0 |
Fluor-ManTech Logistics Solutions, LLC [Member] | ' | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | 50.00% | ' | 50.00% | ' |
Equity in losses of unconsolidated subsidiaries | ' | ' | $750,000 | $0 |