Document_and_Entity_Informatio
Document and Entity Information Document | 3 Months Ended | |
Mar. 31, 2015 | Apr. 29, 2015 | |
Entity Information [Line Items] | ||
Document Type | 10-Q | |
Amendment Flag | FALSE | |
Document Period End Date | 31-Mar-15 | |
Document Fiscal Year Focus | 2015 | |
Document Fiscal Period Focus | Q1 | |
Trading Symbol | MANT | |
Entity Registrant Name | MANTECH INTERNATIONAL CORP | |
Entity Central Index Key | 892537 | |
Current Fiscal Year End Date | -19 | |
Entity Filer Category | Large Accelerated Filer | |
Class A common stock | ||
Entity Information [Line Items] | ||
Entity Common Stock, Shares Outstanding | 24,331,289 | |
Class B common stock | ||
Entity Information [Line Items] | ||
Entity Common Stock, Shares Outstanding | 13,192,845 |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
ASSETS | ||
Cash and cash equivalents | $43,628 | $23,781 |
Receivables—net | 358,366 | 377,156 |
Prepaid expenses and other | 18,492 | 18,207 |
Total Current Assets | 420,486 | 419,144 |
Goodwill | 851,640 | 851,640 |
Other intangible assets—net | 150,365 | 155,250 |
Employee supplemental savings plan assets | 32,386 | 31,741 |
Property and equipment—net | 25,259 | 25,743 |
Other assets | 3,910 | 3,884 |
TOTAL ASSETS | 1,484,046 | 1,487,402 |
LIABILITIES | ||
Accounts payable and accrued expenses | 122,996 | 149,506 |
Accrued salaries and related expenses | 66,227 | 57,409 |
Billings in excess of revenue earned | 17,873 | 13,408 |
Deferred income taxes—current | 3,232 | 3,330 |
Total Current Liabilities | 210,328 | 223,653 |
Deferred income taxes—non-current | 69,774 | 65,103 |
Accrued retirement | 30,261 | 32,804 |
Other long-term liabilities | 11,162 | 11,063 |
TOTAL LIABILITIES | 321,525 | 332,623 |
COMMITMENTS AND CONTINGENCIES | ||
STOCKHOLDERS' EQUITY | ||
Additional paid-in capital | 432,762 | 428,895 |
Treasury stock | -9,158 | -9,158 |
Retained earnings | 738,771 | 734,873 |
Accumulated other comprehensive loss | -232 | -207 |
TOTAL STOCKHOLDERS’ EQUITY | 1,162,521 | 1,154,779 |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | 1,484,046 | 1,487,402 |
Class A common stock | ||
STOCKHOLDERS' EQUITY | ||
Common stock | 246 | 244 |
Class B common stock | ||
STOCKHOLDERS' EQUITY | ||
Common stock | $132 | $132 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets Parentheticals (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
Treasury stock, Shares | 244,113 | 244,113 |
Class A common stock | ||
Common stock, Par value per share | 0.01 | 0.01 |
Common stock, Shares authorized | 150,000,000 | 150,000,000 |
Common stock, Shares issued | 24,575,402 | 24,423,514 |
Common stock, Shares outstanding | 24,331,289 | 24,179,401 |
Class B common stock | ||
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 | |
Mar. 31, 2015 | Mar. 31, 2014 | |
REVENUES | $370,330,000 | $452,033,000 |
Cost of services | 314,149,000 | 393,009,000 |
General and administrative expenses | 36,335,000 | 38,982,000 |
OPERATING INCOME | 19,846,000 | 20,042,000 |
Interest expense | -275,000 | -4,119,000 |
Interest income | 67,000 | 177,000 |
Other income (expense), net | -141,000 | -41,000 |
INCOME FROM OPERATIONS BEFORE INCOME TAXES AND EQUITY METHOD INVESTMENTS | 19,497,000 | 16,059,000 |
Provision for income taxes | -7,739,000 | -6,368,000 |
Equity in losses of unconsolidated subsidiaries | 0 | -57,000 |
NET INCOME | $11,758,000 | $9,634,000 |
Class A common stock | ||
BASIC EARNINGS PER SHARE: | ||
Basic earnings per share | $0.31 | $0.26 |
DILUTED EARNINGS PER SHARE: | ||
Diluted earnings per share | $0.31 | $0.26 |
Class B common stock | ||
BASIC EARNINGS PER SHARE: | ||
Basic earnings per share | $0.31 | $0.26 |
DILUTED EARNINGS PER SHARE: | ||
Diluted earnings per share | $0.31 | $0.26 |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements of Comprehensive Income (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
NET INCOME | $11,758 | $9,634 |
OTHER COMPREHENSIVE LOSS: | ||
Translation adjustments, net of tax | -25 | -13 |
COMPREHENSIVE INCOME | $11,733 | $9,621 |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statements of Cash Flows (USD $) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net income | $11,758,000 | $9,634,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 7,178,000 | 7,592,000 |
Deferred income taxes | 2,966,000 | 2,825,000 |
Stock-based compensation | 1,210,000 | 1,226,000 |
Excess tax benefits from exercise of stock options | -58,000 | -10,000 |
Equity in losses of unconsolidated subsidiaries | 0 | 57,000 |
Change in assets and liabilities—net of effects from acquired businesses: | ||
Receivables—net | 18,790,000 | 77,448,000 |
Prepaid expenses and other | -298,000 | 2,423,000 |
Contractual inventory | 0 | 3,717,000 |
Accounts payable and accrued expenses | -25,698,000 | -46,987,000 |
Accrued salaries and related expenses | 8,818,000 | 7,622,000 |
Billings in excess of revenue earned | 4,465,000 | -440,000 |
Accrued retirement | -2,543,000 | -2,460,000 |
Other | -738,000 | -393,000 |
Net cash flow from operating activities | 25,850,000 | 62,254,000 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Purchases of property and equipment | -1,572,000 | -909,000 |
Investment in unconsolidated subsidiaries | -750,000 | -21,000 |
Investment in capitalized software for internal use | -96,000 | -2,603,000 |
Proceeds from sale of investment | 13,000 | 0 |
Acquisition of businesses—net of cash acquired | 0 | -44,927,000 |
Net cash flow from investing activities | -2,405,000 | -48,460,000 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Dividends paid | -7,856,000 | -7,809,000 |
Proceeds from exercise of stock options | 4,200,000 | 633,000 |
Borrowings under revolving credit facility | 1,500,000 | 0 |
Repayments under revolving credit facility | -1,500,000 | 0 |
Excess tax benefits from exercise of stock options | 58,000 | 10,000 |
Net cash flow from financing activities | -3,598,000 | -7,166,000 |
NET CHANGE IN CASH AND CASH EQUIVALENTS | 19,847,000 | 6,628,000 |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 23,781,000 | 269,001,000 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | 43,628,000 | 275,629,000 |
SUPPLEMENTAL CASH FLOW INFORMATION | ||
Cash paid for interest | 252,000 | 313,000 |
Cash paid for income taxes | $80,000 | $610,000 |
Description_of_the_Business_No
Description of the Business (Notes) | 3 Months Ended |
Mar. 31, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Description of the Business [Text Block] | Description of the Business |
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, Health and Human Services, Veteran Affairs, and Justice, including the Federal Bureau of Investigation (FBI); the space communities; and other U.S. government customers. We provide support to critical national security programs for approximately 50 federal agencies through approximately 1,000 current contracts. Our expertise includes cyber; software and systems development; enterprise information technology; multi-discipline intelligence; program protection and mission assurance; systems engineering; test and evaluation (T&E); command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR); training; global logistics and supply chain management; and management consulting. 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_Notes
Basis of Presentation (Notes) | 3 Months Ended |
Mar. 31, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation [Text Block] | 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, 2014, 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_Notes
Acquisitions (Notes) | 3 Months Ended | |||
Mar. 31, 2015 | ||||
Business Combinations [Abstract] | ||||
Acquisitions Disclosure [Text Block] | Acquisitions | |||
7Delta Inc.—On May 23, 2014, we completed the acquisition of all equity interests in 7Delta Inc. (7Delta). The results of 7Delta's operations have been included in our condensed consolidated financial statements since that date. The acquisition was completed through a stock purchase agreement dated May 23, 2014, by and among ManTech International Corporation, 7Delta, SLS Holdings, Inc. and the stockholders of SLS Holdings, Inc. 7Delta performs critical services such as applications and software development, program management, systems integration, information assurance and security architecture primarily within the healthcare community at the Department of Veteran Affairs (VA). We funded the acquisition through a combination of cash on hand and borrowings under our revolving credit facility. The stock purchase agreement did not contain provisions for contingent consideration. | ||||
During the three months ended March 31, 2014, we incurred approximately $0.2 million of acquisition costs related to the 7Delta transaction, which are included in the general and administrative expenses in our condensed consolidated statement of income. | ||||
The purchase price of $81.4 million was allocated to the underlying assets and liabilities based on their estimated fair value at the date of acquisition. We recorded goodwill of $70.0 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 7Delta's capabilities in providing software development, program management, system integration, information assurance and security architecture to the VA. | ||||
In allocating the purchase price, we considered among other factors, analysis of historical financial performance and estimates of future performance of 7Delta's contracts. The components of other intangible assets associated with the acquisition were customer relationships and backlog valued at $4.8 million and $2.9 million, respectively. Customer contracts and related relationships represent the underlying relationships and agreements with 7Delta's existing customers. Customer relationships are amortized using the pattern of benefits method over their estimated useful lives of approximately 10 years. Backlog is amortized straight-line over its estimated useful life of 2 years. The weighted-average amortization period for the intangible assets is 7 years. | ||||
The following table represents purchase price allocation for 7Delta (in thousands): | ||||
7Delta Inc. | ||||
Cash and cash equivalents | $ | 1,408 | ||
Receivables | 9,664 | |||
Prepaid expenses and other | 175 | |||
Goodwill | 69,967 | |||
Other intangible assets | 7,762 | |||
Property and equipment | 597 | |||
Other assets | 39 | |||
Accounts payable and accrued expenses | (6,617 | ) | ||
Accrued salaries and related expenses | (1,399 | ) | ||
Billings in excess of revenue earned | (229 | ) | ||
Net assets acquired and liabilities assumed | $ | 81,367 | ||
We have not disclosed current period, nor pro forma, revenues and earnings attributable to 7Delta as our integration of these operations post-acquisition and the entity's accounting methods pre-acquisition make it impracticable. | ||||
Allied Technology Group, Inc.—On February 18, 2014, we completed the acquisition of all equity interests in Allied Technology Group, Inc. (ATG). The results of ATG's operations have been included in our condensed consolidated financial statements since that date. The acquisition was completed through a stock purchase agreement dated February 18, 2014, by and among ManTech Advanced Systems International, Inc., Allied Technology Group, Inc. and the stockholders of ATG. ATG is an innovative engineering and information management solution company with strong customer relationships and strategic contracts with the Department of Homeland Security (DHS). ATG provides IT, engineering services, program management and training solutions to a variety of federal customers. The acquisition is enabling us to deliver services through their unrestricted prime position on DHS's primary acquisition vehicles: Technical, Acquisition and Business Support Services and Enterprise Acquisition Gateway for Leading Edge Solutions II. We funded the acquisition with cash on hand. The stock purchase agreement did not contain provisions for contingent consideration. | ||||
During the three months ended March 31, 2014, we incurred approximately $0.2 million of acquisition costs related to the ATG transaction, which are included in the general and administrative expenses in our condensed consolidated statement of income. | ||||
The purchase price of $45.0 million was allocated to the underlying assets and liabilities based on their estimated fair value at the date of acquisition. We recorded goodwill of $28.8 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 ATG's capabilities in providing technology service program management, systems engineering and information technology services to DHS. | ||||
In allocating the purchase price, we considered among other factors, analysis of historical financial performance and estimates of future performance of ATG's contracts. The components of other intangible assets associated with the acquisition were customer relationships and backlog valued at $6.4 million and $0.6 million, respectively. Customer contracts and related relationships represent the underlying relationships and agreements with ATG's existing customers. Customer relationships are amortized using the pattern of benefits method over their estimated useful lives of approximately 20 years. Backlog is amortized straight-line over its estimated useful life of 1 year. The weighted-average amortization period for the intangible assets is 18 years. | ||||
The following table represents the purchase price allocation for ATG (in thousands): | ||||
Allied Technology Group, Inc. | ||||
Cash and cash equivalents | $ | 712 | ||
Receivables | 11,670 | |||
Prepaid expenses and other | 1,432 | |||
Contractual inventory | 1 | |||
Goodwill | 28,806 | |||
Other intangible assets | 7,071 | |||
Property and equipment | 899 | |||
Other assets | 111 | |||
Accounts payable and accrued expenses | (3,399 | ) | ||
Accrued salaries and related expenses | (2,155 | ) | ||
Billings in excess of revenue earned | (148 | ) | ||
Net assets acquired and liabilities assumed | $ | 45,000 | ||
We have not disclosed current period, nor pro forma, revenues and earnings attributable to ATG as our integration of these operations post-acquisition and the entity's accounting methods pre-acquisition make it impracticable. |
Earnings_Per_Share_Notes
Earnings Per Share (Notes) | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Earnings Per Share [Abstract] | ||||||||
Earnings Per Share [Text Block] | 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 our 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 three months ended March 31, 2015 and 2014, we declared and paid one quarterly dividend, 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 | ||||||||
March 31, | ||||||||
2015 | 2014 | |||||||
Distributed earnings | $ | 7,860 | $ | 7,814 | ||||
Undistributed earnings | 3,898 | 1,820 | ||||||
Net income | $ | 11,758 | $ | 9,634 | ||||
Class A common stock: | ||||||||
Basic net income available to common stockholders | $ | 7,610 | $ | 6,216 | ||||
Basic weighted average common shares outstanding | 24,206 | 23,988 | ||||||
Basic earnings per share | $ | 0.31 | $ | 0.26 | ||||
Diluted net income available to common stockholders | $ | 7,627 | $ | 6,222 | ||||
Effect of potential exercise of stock options | 153 | 69 | ||||||
Diluted weighted average common shares outstanding | 24,359 | 24,057 | ||||||
Diluted earnings per share | $ | 0.31 | $ | 0.26 | ||||
Class B common stock: | ||||||||
Basic net income available to common stockholders | $ | 4,148 | $ | 3,418 | ||||
Basic weighted average common shares outstanding | 13,193 | 13,193 | ||||||
Basic earnings per share | $ | 0.31 | $ | 0.26 | ||||
Diluted net income available to common stockholders | $ | 4,131 | $ | 3,412 | ||||
Effect of potential exercise of stock options | — | — | ||||||
Diluted weighted average common shares outstanding | 13,193 | 13,193 | ||||||
Diluted earnings per share | $ | 0.31 | $ | 0.26 | ||||
For the three months ended March 31, 2015 and 2014, options to purchase 2.0 million and 2.8 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 three months ended March 31, 2015 and 2014, shares issued from the exercise of stock options were 150,138 and 24,767, respectively. |
Receivables_Notes
Receivables (Notes) | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Receivables [Abstract] | ||||||||
Receivables [Text Block] | 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): | ||||||||
March 31, | December 31, | |||||||
2015 | 2014 | |||||||
Billed receivables | $ | 266,470 | $ | 319,065 | ||||
Unbilled receivables: | ||||||||
Amounts billable | 78,616 | 50,393 | ||||||
Revenues recorded in excess of funding | 15,693 | 13,082 | ||||||
Retainage | 7,331 | 4,446 | ||||||
Allowance for doubtful accounts | (9,744 | ) | (9,830 | ) | ||||
Receivables—net | $ | 358,366 | $ | 377,156 | ||||
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. The retainage is billable upon completion of contract performance and approval of final indirect expense rates by the government. The allowance for doubtful accounts represents our exposure to compliance and contractual issues as well as bad debt related to prime contractors. | ||||||||
Accounts receivable at March 31, 2015 are expected to be substantially collected within one year except for approximately $1.1 million, of which 90.6% 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. We do not believe that we have significant exposure to credit risk as accounts receivable and the related unbilled amounts are primarily due from the U.S. government. |
Property_and_Equipment_Notes
Property and Equipment (Notes) | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Property, Plant and Equipment [Abstract] | ||||||||
Property and Equipment [Text Block] | Property and Equipment | |||||||
Major classes of property and equipment are summarized as follows (in thousands): | ||||||||
March 31, | December 31, | |||||||
2015 | 2014 | |||||||
Furniture and equipment | $ | 44,215 | $ | 43,659 | ||||
Leasehold improvements | 35,179 | 35,601 | ||||||
Property and equipment—gross | 79,394 | 79,260 | ||||||
Accumulated depreciation and amortization | (54,135 | ) | (53,517 | ) | ||||
Property and equipment—net | $ | 25,259 | $ | 25,743 | ||||
Goodwill_and_Other_Intangible_
Goodwill and Other Intangible Assets (Notes) | 3 Months Ended | |||||||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ||||||||||||||||||||||||
Goodwill and Other Intangible Assets [Text Block] | Goodwill and Other Intangible Assets | |||||||||||||||||||||||
There was no change in the carrying amount of goodwill during the three months ended March 31, 2015. The change in the carrying amount of goodwill during the year ended December 31, 2014 is as follows (in thousands): | ||||||||||||||||||||||||
Goodwill Balance | ||||||||||||||||||||||||
Goodwill at December 31, 2013 | $ | 752,867 | ||||||||||||||||||||||
Acquisitions | 98,773 | |||||||||||||||||||||||
Goodwill at December 31, 2014 | $ | 851,640 | ||||||||||||||||||||||
Other intangible assets consisted of the following (in thousands): | ||||||||||||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||||||||||||
Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | |||||||||||||||||||
Other intangible assets: | ||||||||||||||||||||||||
Contract and program intangible assets | $ | 266,272 | $ | 130,570 | $ | 135,702 | $ | 266,272 | $ | 126,619 | $ | 139,653 | ||||||||||||
Capitalized software cost for internal use | 35,032 | 20,428 | 14,604 | 35,036 | 19,500 | 15,536 | ||||||||||||||||||
Other | 115 | 56 | 59 | 115 | 54 | 61 | ||||||||||||||||||
Total other intangible assets—net | $ | 301,419 | $ | 151,054 | $ | 150,365 | $ | 301,423 | $ | 146,173 | $ | 155,250 | ||||||||||||
Amortization expense relating to intangible assets for both the three months ended March 31, 2015 and 2014 was $4.9 million. We estimate that we will have the following amortization expense for the future periods indicated below (in thousands): | ||||||||||||||||||||||||
For the remaining nine months ending December 31, 2015 | $ | 15,018 | ||||||||||||||||||||||
For the year ending: | ||||||||||||||||||||||||
December 31, 2016 | $ | 17,858 | ||||||||||||||||||||||
December 31, 2017 | $ | 15,859 | ||||||||||||||||||||||
December 31, 2018 | $ | 14,364 | ||||||||||||||||||||||
December 31, 2019 | $ | 12,509 | ||||||||||||||||||||||
December 31, 2020 | $ | 11,283 | ||||||||||||||||||||||
Debt_Notes
Debt (Notes) | 3 Months Ended |
Mar. 31, 2015 | |
Debt Disclosure [Abstract] | |
Debt Disclosure [Text Block] | Debt |
Revolving Credit Facility—We maintain a credit facility with a syndicate of lenders led by Bank of America, N.A, as sole administrative agent. The credit agreement provides for a $500 million revolving credit facility, with a $25 million letter of credit sublimit and a $30 million swing line loan sublimit. The credit agreement also includes an accordion feature that permits us to arrange with the lenders for the provision of additional commitments. On June 13, 2014, we amended and restated the credit agreement, and extended the maturity date to June 13, 2019. | |
Borrowings under our revolving credit facility 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 us at the time of borrowing: a London Interbank Offer Rate (LIBOR) base rate plus market-rate spreads (1.25% to 2.25% based on our consolidated total leverage ratio) or Bank of America's base rate plus market spreads (0.25% to 1.25% based on our 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 us to comply with specified financial covenants, including the maintenance of certain leverage ratios and a certain consolidated coverage ratio. The credit agreement also contains various covenants, including affirmative covenants with respect to certain reporting requirements and maintenance of 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 March 31, 2015, we were in compliance with the financial covenants under the credit agreement. | |
There was no outstanding balance on our revolving credit facility at both March 31, 2015 and December 31, 2014. The maximum available borrowing under our revolving credit facility at March 31, 2015 was $499.2 million. As of March 31, 2015, we were contingently liable under letters of credit totaling $0.8 million, which reduced our availability to borrow under our revolving credit facility. |
Commitments_and_Contingencies_
Commitments and Contingencies (Notes) | 3 Months Ended |
Mar. 31, 2015 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies Disclosure [Text Block] | 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 our operations are conducted in accordance with these requirements and the terms of the relevant contracts. U.S. government investigations of us, whether related to our 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 us, 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 2009, with no material adjustments. The remaining audits for 2010 through 2014 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_Notes
Stock-Based Compensation (Notes) | 3 Months Ended | ||||||||||||
Mar. 31, 2015 | |||||||||||||
Share-based Compensation [Abstract] | |||||||||||||
Stock-Based Compensation [Text Block] | 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, 2015, there were 560,584 additional shares made available for issuance under the Plan. Through March 31, 2015, the remaining aggregate number of shares of our common stock authorized for issuance under the Plan was 4,702,660. Through March 31, 2015, there were 4,945,818 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. | |||||||||||||
We recorded $1.2 million of stock-based compensation expense for both of the three months ended March 31, 2015 and 2014. No compensation expense of employees with stock awards, including stock-based compensation expense, was capitalized during the periods. For the three months ended March 31, 2015 and 2014, the total recognized tax deficiency from the exercise of stock options, vested cancellations and the vesting of restricted stock was $1.5 million and $1.8 million, respectively. | |||||||||||||
Stock Options—Under the Plan, we have issued stock options. A stock option granted gives the holder the right, but not the obligation, to purchase a certain number of shares at a predetermined price for a specific period of time. During the three months ended March 31, 2015 and 2014, we issued options that vest over three years in equal annual installments beginning on the first anniversary of the date of grant and expire five years from the date of grant. Under the terms of the Plan, the contractual life of the option grants may not exceed eight years. 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. | |||||||||||||
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 three months ended March 31, 2015 and 2014: | |||||||||||||
Volatility—The expected volatility of the options granted was estimated based upon historical volatility of our share price through weekly observations of our trading history. | |||||||||||||
Expected Term—The expected term of options granted to employees during the three months ended March 31, 2015 and 2014 was determined from historical exercises of the grantee population. For all grants valued during the three months ended March 31, 2015 and 2014, 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 a 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 three months ended March 31, 2015 and 2014: | |||||||||||||
Three months ended | |||||||||||||
March 31, | |||||||||||||
2015 | 2014 | ||||||||||||
Volatility | 27.16 | % | 29.86 | % | |||||||||
Expected life of options | 3 years | 3 years | |||||||||||
Risk-free interest rate | 1.16 | % | 0.85 | % | |||||||||
Dividend yield | 3 | % | 3 | % | |||||||||
Stock Option Activity—The weighted-average fair value of options granted during the three months ended March 31, 2015 and 2014, as determined under the Black-Scholes-Merton valuation model, was $5.04 and $4.89, respectively. Option grants that vested during the three months ended March 31, 2015 and 2014 had a combined fair value of $1.8 million and $2.6 million, respectively. | |||||||||||||
The following table summarizes stock option activity for the year ended December 31, 2014 and the three months ended March 31, 2015: | |||||||||||||
Number of Shares | Weighted Average Exercise Price | Aggregate Intrinsic Value | |||||||||||
(in thousands) | |||||||||||||
Stock options at December 31, 2013 | 3,400,120 | $ | 35.51 | $ | 4,488 | ||||||||
Granted | 946,576 | $ | 29.12 | ||||||||||
Exercised | (158,371 | ) | $ | 24.78 | $ | 754 | |||||||
Cancelled and expired | (797,293 | ) | $ | 41.75 | |||||||||
Stock options at December 31, 2014 | 3,391,032 | $ | 32.76 | $ | 4,722 | ||||||||
Granted | 107,340 | $ | 32.53 | ||||||||||
Exercised | (150,138 | ) | $ | 27.66 | $ | 830 | |||||||
Cancelled and expired | (340,449 | ) | $ | 46.02 | |||||||||
Stock options at March 31, 2015 | 3,007,785 | $ | 31.5 | $ | 11,505 | ||||||||
The following table summarizes non-vested stock options for the three months ended March 31, 2015: | |||||||||||||
Number of Shares | Weighted Average Fair Value | ||||||||||||
Non-vested stock options at December 31, 2014 | 1,673,528 | $ | 4.83 | ||||||||||
Granted | 107,340 | $ | 5.04 | ||||||||||
Vested | (346,520 | ) | $ | 5.07 | |||||||||
Cancelled | (51,665 | ) | $ | 4.87 | |||||||||
Non-vested stock options at March 31, 2015 | 1,382,683 | $ | 4.78 | ||||||||||
The following table includes information concerning stock options exercisable and stock options expected to vest at March 31, 2015: | |||||||||||||
Number of Shares | Weighted Average Remaining Contractual Life | Weighted Average Exercise Price | Aggregate Intrinsic Value | ||||||||||
(in thousands) | |||||||||||||
Stock options exercisable | 1,625,102 | 2 years | $ | 33.9 | $ | 4,231 | |||||||
Stock options expected to vest | 1,206,709 | 4 years | $ | 28.63 | $ | 6,408 | |||||||
Stock options exercisable and expected to vest | 2,831,811 | ||||||||||||
Unrecognized compensation expense related to outstanding stock options expected to vest as of March 31, 2015 was $5.1 million, which is expected to be recognized over a weighted-average period of 2 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 stock issued to members of our Board of Directors vests 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—There was no restricted stock activity during the three months ended March 31, 2015. The following table summarizes the restricted stock activity during the year ended December 31, 2014: | |||||||||||||
Number of Shares | Weighted Average Fair Value | ||||||||||||
Non-vested restricted stock at December 31, 2013 | 21,000 | ||||||||||||
Granted | 21,000 | $ | 30.61 | ||||||||||
Vested | (21,000 | ) | $ | 27.65 | |||||||||
Non-vested restricted stock at December 31, 2014 | 21,000 | ||||||||||||
Restricted Stock Units—Under the Plan, we issued restricted stock units (RSUs). RSUs are not actual shares, but rather a right to receive shares in the future based on the level of achievement of performance criteria. The shares are not issued and the employee cannot sell or transfer shares prior to vesting and have no voting rights until the RSUs vest. Employees who are granted RSUs do not receive dividend payments during the service period. The employee’s RSUs will result in the delivery of shares if (a) performance criteria is met and (b) the employee remains employed, in good standing, through the date of the performance period. The performance period is 2 years (January 1, 2015 to December 31, 2016). The grant date fair value of the RSUs is equal to the closing market price of our common stock on the grant date less the present value of dividends expected to be awarded during the service period. We recognize the grant date fair value of RSUs of shares we expect to issue as compensation expense ratably over the requisite service period of March 1, 2015 to December 31, 2016. | |||||||||||||
Restricted Stock Unit Activity—The following table summarizes the nonvested restricted stock unit activity during the three months ended March 31, 2015: | |||||||||||||
Number of Shares | Weighted Average Fair Value | ||||||||||||
Non-vested restricted stock units at December 31, 2014 | — | ||||||||||||
Granted | 103,900 | $ | 30.92 | ||||||||||
Non-vested restricted stock units at March 31, 2015 | 103,900 | ||||||||||||
Business_Segment_and_Geographi
Business Segment and Geographic Area Information (Notes) | 3 Months Ended |
Mar. 31, 2015 | |
Segment Reporting [Abstract] | |
Business Segment and Geographic Area Information [Text Block] | 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. Our U.S. 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 98.9% of our revenues for both of the three months ended March 31, 2015 and 2014. We treat sales to U.S. government customers as sales within the United States regardless of where the services are performed. U.S. revenues are approximately 99.9% and 99.7% of our total revenues for the three months ended March 31, 2015 and 2014, respectively. International revenues were approximately 0.1% and 0.3% of our total revenues for the three months ended March 31, 2015 and 2014, respectively. Furthermore, substantially all of our assets from continuing operations were held in the United States for the three months ended March 31, 2015 and year ended December 31, 2014. |
Equity_Method_Investments_Note
Equity Method Investments (Notes) | 3 Months Ended |
Mar. 31, 2015 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Equity Method Investments [Text Block] | 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 and $57 thousand in equity method losses for the three months ended March 31, 2015 and 2014, respectively. We had no investment balance in FMLS as of March 31, 2015 and December 31, 2014. As of December 31, 2014, we recorded liabilities for $735 thousand, which were owed to FMLS for additional financial support and paid during the three months ended March 31, 2015. | |
On July 7, 2011, GenTech Partners Joint Venture (GenTech), was created with Genex Systems, LLC and ManTech as the investees. Genex Systems, LLC's interest is 51% and ManTech's interest in GenTech is 49%. Because we have the ability to exercise significant influence over GenTech, we determined that the equity method of accounting will be used for our investment. We recorded no equity method earnings for both the three months ended March 31, 2015 and 2014. Our investment balance in GenTech was $141 thousand as of March 31, 2015 and December 31, 2014. |
Subsequent_Event_Notes
Subsequent Event (Notes) | 3 Months Ended |
Mar. 31, 2015 | |
Subsequent Event [Line Items] | |
Subsequent Events [Text Block] | Subsequent Event |
Management has evaluated subsequent events after the balance sheet date through the financial statements issuance date for appropriate accounting and disclosure. | |
Acquisition of Welkin Associates, Ltd. | |
On April 27, 2015, we completed the acquisition of Welkin Associates, Ltd (Welkin), formerly a wholly-owned subsidiary of CSC. We funded the acquisition with cash on hand. Welkin delivers mission-centric services in high-end systems engineering and advanced national security technology and business services. The acquisition strategically positions us to pursue large engineering and support opportunities throughout the intelligence community and Department of Defense. The preliminary purchase price was $34.0 million. |
Acquisitions_Tables
Acquisitions (Tables) | 3 Months Ended | |||
Mar. 31, 2015 | ||||
7Delta Inc. [Member] | ||||
Business Combination Segment Allocation [Line Items] | ||||
Schedule of Purchase Price Allocations [Table Text Block] | The following table represents purchase price allocation for 7Delta (in thousands): | |||
7Delta Inc. | ||||
Cash and cash equivalents | $ | 1,408 | ||
Receivables | 9,664 | |||
Prepaid expenses and other | 175 | |||
Goodwill | 69,967 | |||
Other intangible assets | 7,762 | |||
Property and equipment | 597 | |||
Other assets | 39 | |||
Accounts payable and accrued expenses | (6,617 | ) | ||
Accrued salaries and related expenses | (1,399 | ) | ||
Billings in excess of revenue earned | (229 | ) | ||
Net assets acquired and liabilities assumed | $ | 81,367 | ||
Allied Technology Group, Inc [Member] | ||||
Business Combination Segment Allocation [Line Items] | ||||
Schedule of Purchase Price Allocations [Table Text Block] | The following table represents the purchase price allocation for ATG (in thousands): | |||
Allied Technology Group, Inc. | ||||
Cash and cash equivalents | $ | 712 | ||
Receivables | 11,670 | |||
Prepaid expenses and other | 1,432 | |||
Contractual inventory | 1 | |||
Goodwill | 28,806 | |||
Other intangible assets | 7,071 | |||
Property and equipment | 899 | |||
Other assets | 111 | |||
Accounts payable and accrued expenses | (3,399 | ) | ||
Accrued salaries and related expenses | (2,155 | ) | ||
Billings in excess of revenue earned | (148 | ) | ||
Net assets acquired and liabilities assumed | $ | 45,000 | ||
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Earnings Per Share [Abstract] | ||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | 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 | ||||||||
March 31, | ||||||||
2015 | 2014 | |||||||
Distributed earnings | $ | 7,860 | $ | 7,814 | ||||
Undistributed earnings | 3,898 | 1,820 | ||||||
Net income | $ | 11,758 | $ | 9,634 | ||||
Class A common stock: | ||||||||
Basic net income available to common stockholders | $ | 7,610 | $ | 6,216 | ||||
Basic weighted average common shares outstanding | 24,206 | 23,988 | ||||||
Basic earnings per share | $ | 0.31 | $ | 0.26 | ||||
Diluted net income available to common stockholders | $ | 7,627 | $ | 6,222 | ||||
Effect of potential exercise of stock options | 153 | 69 | ||||||
Diluted weighted average common shares outstanding | 24,359 | 24,057 | ||||||
Diluted earnings per share | $ | 0.31 | $ | 0.26 | ||||
Class B common stock: | ||||||||
Basic net income available to common stockholders | $ | 4,148 | $ | 3,418 | ||||
Basic weighted average common shares outstanding | 13,193 | 13,193 | ||||||
Basic earnings per share | $ | 0.31 | $ | 0.26 | ||||
Diluted net income available to common stockholders | $ | 4,131 | $ | 3,412 | ||||
Effect of potential exercise of stock options | — | — | ||||||
Diluted weighted average common shares outstanding | 13,193 | 13,193 | ||||||
Diluted earnings per share | $ | 0.31 | $ | 0.26 | ||||
Receivables_Tables
Receivables (Tables) | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Receivables [Abstract] | ||||||||
Schedule of Contract Receivables [Table Text Block] | The components of contract receivables are as follows (in thousands): | |||||||
March 31, | December 31, | |||||||
2015 | 2014 | |||||||
Billed receivables | $ | 266,470 | $ | 319,065 | ||||
Unbilled receivables: | ||||||||
Amounts billable | 78,616 | 50,393 | ||||||
Revenues recorded in excess of funding | 15,693 | 13,082 | ||||||
Retainage | 7,331 | 4,446 | ||||||
Allowance for doubtful accounts | (9,744 | ) | (9,830 | ) | ||||
Receivables—net | $ | 358,366 | $ | 377,156 | ||||
Property_and_Equipment_Tables
Property and Equipment (Tables) | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Property, Plant and Equipment [Abstract] | ||||||||
Property and Equipment [Table Text Block] | Major classes of property and equipment are summarized as follows (in thousands): | |||||||
March 31, | December 31, | |||||||
2015 | 2014 | |||||||
Furniture and equipment | $ | 44,215 | $ | 43,659 | ||||
Leasehold improvements | 35,179 | 35,601 | ||||||
Property and equipment—gross | 79,394 | 79,260 | ||||||
Accumulated depreciation and amortization | (54,135 | ) | (53,517 | ) | ||||
Property and equipment—net | $ | 25,259 | $ | 25,743 | ||||
Goodwill_and_Other_Intangible_1
Goodwill and Other Intangible Assets (Tables) | 3 Months Ended | |||||||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ||||||||||||||||||||||||
Schedule of Goodwill [Table Text Block] | The change in the carrying amount of goodwill during the year ended December 31, 2014 is as follows (in thousands): | |||||||||||||||||||||||
Goodwill Balance | ||||||||||||||||||||||||
Goodwill at December 31, 2013 | $ | 752,867 | ||||||||||||||||||||||
Acquisitions | 98,773 | |||||||||||||||||||||||
Goodwill at December 31, 2014 | $ | 851,640 | ||||||||||||||||||||||
Schedule of Other Intangible Assets [Table Text Block] | Other intangible assets consisted of the following (in thousands): | |||||||||||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||||||||||||
Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | |||||||||||||||||||
Other intangible assets: | ||||||||||||||||||||||||
Contract and program intangible assets | $ | 266,272 | $ | 130,570 | $ | 135,702 | $ | 266,272 | $ | 126,619 | $ | 139,653 | ||||||||||||
Capitalized software cost for internal use | 35,032 | 20,428 | 14,604 | 35,036 | 19,500 | 15,536 | ||||||||||||||||||
Other | 115 | 56 | 59 | 115 | 54 | 61 | ||||||||||||||||||
Total other intangible assets—net | $ | 301,419 | $ | 151,054 | $ | 150,365 | $ | 301,423 | $ | 146,173 | $ | 155,250 | ||||||||||||
Schedule of Other Intangible Assets, Future Amortization Expense [Table Text Block] | We estimate that we will have the following amortization expense for the future periods indicated below (in thousands): | |||||||||||||||||||||||
For the remaining nine months ending December 31, 2015 | $ | 15,018 | ||||||||||||||||||||||
For the year ending: | ||||||||||||||||||||||||
December 31, 2016 | $ | 17,858 | ||||||||||||||||||||||
December 31, 2017 | $ | 15,859 | ||||||||||||||||||||||
December 31, 2018 | $ | 14,364 | ||||||||||||||||||||||
December 31, 2019 | $ | 12,509 | ||||||||||||||||||||||
December 31, 2020 | $ | 11,283 | ||||||||||||||||||||||
StockBased_Compensation_Tables
Stock-Based Compensation (Tables) | 3 Months Ended | ||||||||||||
Mar. 31, 2015 | |||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | The following table summarizes weighted-average assumptions used in our calculations of fair value for the three months ended March 31, 2015 and 2014: | ||||||||||||
Three months ended | |||||||||||||
March 31, | |||||||||||||
2015 | 2014 | ||||||||||||
Volatility | 27.16 | % | 29.86 | % | |||||||||
Expected life of options | 3 years | 3 years | |||||||||||
Risk-free interest rate | 1.16 | % | 0.85 | % | |||||||||
Dividend yield | 3 | % | 3 | % | |||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | The following table summarizes stock option activity for the year ended December 31, 2014 and the three months ended March 31, 2015: | ||||||||||||
Number of Shares | Weighted Average Exercise Price | Aggregate Intrinsic Value | |||||||||||
(in thousands) | |||||||||||||
Stock options at December 31, 2013 | 3,400,120 | $ | 35.51 | $ | 4,488 | ||||||||
Granted | 946,576 | $ | 29.12 | ||||||||||
Exercised | (158,371 | ) | $ | 24.78 | $ | 754 | |||||||
Cancelled and expired | (797,293 | ) | $ | 41.75 | |||||||||
Stock options at December 31, 2014 | 3,391,032 | $ | 32.76 | $ | 4,722 | ||||||||
Granted | 107,340 | $ | 32.53 | ||||||||||
Exercised | (150,138 | ) | $ | 27.66 | $ | 830 | |||||||
Cancelled and expired | (340,449 | ) | $ | 46.02 | |||||||||
Stock options at March 31, 2015 | 3,007,785 | $ | 31.5 | $ | 11,505 | ||||||||
Schedule of Non-vested Share Activity [Table Text Block] | The following table summarizes non-vested stock options for the three months ended March 31, 2015: | ||||||||||||
Number of Shares | Weighted Average Fair Value | ||||||||||||
Non-vested stock options at December 31, 2014 | 1,673,528 | $ | 4.83 | ||||||||||
Granted | 107,340 | $ | 5.04 | ||||||||||
Vested | (346,520 | ) | $ | 5.07 | |||||||||
Cancelled | (51,665 | ) | $ | 4.87 | |||||||||
Non-vested stock options at March 31, 2015 | 1,382,683 | $ | 4.78 | ||||||||||
Stock Options Exercisable And Expected To Vest [Table Text Block] | The following table includes information concerning stock options exercisable and stock options expected to vest at March 31, 2015: | ||||||||||||
Number of Shares | Weighted Average Remaining Contractual Life | Weighted Average Exercise Price | Aggregate Intrinsic Value | ||||||||||
(in thousands) | |||||||||||||
Stock options exercisable | 1,625,102 | 2 years | $ | 33.9 | $ | 4,231 | |||||||
Stock options expected to vest | 1,206,709 | 4 years | $ | 28.63 | $ | 6,408 | |||||||
Stock options exercisable and expected to vest | 2,831,811 | ||||||||||||
Restricted Stock [Member] | |||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||
Schedule of Share-based Compensation, Restricted Stock Activity [Table Text Block] | The following table summarizes the restricted stock activity during the year ended December 31, 2014: | ||||||||||||
Number of Shares | Weighted Average Fair Value | ||||||||||||
Non-vested restricted stock at December 31, 2013 | 21,000 | ||||||||||||
Granted | 21,000 | $ | 30.61 | ||||||||||
Vested | (21,000 | ) | $ | 27.65 | |||||||||
Non-vested restricted stock at December 31, 2014 | 21,000 | ||||||||||||
Restricted Stock Units (RSUs) [Member] | |||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||
Schedule of Share-based Compensation, Restricted Stock Activity [Table Text Block] | The following table summarizes the nonvested restricted stock unit activity during the three months ended March 31, 2015: | ||||||||||||
Number of Shares | Weighted Average Fair Value | ||||||||||||
Non-vested restricted stock units at December 31, 2014 | — | ||||||||||||
Granted | 103,900 | $ | 30.92 | ||||||||||
Non-vested restricted stock units at March 31, 2015 | 103,900 | ||||||||||||
Description_of_the_Business_Na
Description of the Business (Narrative) (Details) | 3 Months Ended |
Mar. 31, 2015 | |
contracts | |
federalagenices | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Number Of Federal Agencies | 50 |
Number Of Contracts | 1,000 |
Acquisitions_Narrative_Details
Acquisitions (Narrative) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 |
7Delta Inc. [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Separately Recognized Transactions, Additional Disclosures, Acquisition Cost Expensed | $0.20 | ||
Business Combination, Consideration Transferred | 81.4 | ||
Business Acquisition, Goodwill, Expected Tax Deductible Amount | 70 | ||
Expected Goodwill Tax Amortization Period | 15 years | ||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 7 years | ||
7Delta Inc. [Member] | Customer Relationships [Member] | |||
Business Acquisition [Line Items] | |||
Finite-lived Intangible Assets Acquired | 4.8 | ||
Finite-Lived Intangible Asset, Useful Life | 10 years | ||
7Delta Inc. [Member] | Backlog [Member] | |||
Business Acquisition [Line Items] | |||
Finite-lived Intangible Assets Acquired | 2.9 | ||
Finite-Lived Intangible Asset, Useful Life | 2 years | ||
Allied Technology Group, Inc [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Separately Recognized Transactions, Additional Disclosures, Acquisition Cost Expensed | 0.2 | ||
Business Combination, Consideration Transferred | 45 | ||
Business Acquisition, Goodwill, Expected Tax Deductible Amount | 28.8 | ||
Expected Goodwill Tax Amortization Period | 15 years | ||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 18 years | ||
Allied Technology Group, Inc [Member] | Customer Relationships [Member] | |||
Business Acquisition [Line Items] | |||
Finite-lived Intangible Assets Acquired | 6.4 | ||
Finite-Lived Intangible Asset, Useful Life | 20 years | ||
Allied Technology Group, Inc [Member] | Backlog [Member] | |||
Business Acquisition [Line Items] | |||
Finite-lived Intangible Assets Acquired | $0.60 | ||
Finite-Lived Intangible Asset, Useful Life | 1 year |
Acquisitions_Schedule_of_Purch
Acquisitions (Schedule of Purchase Price Allocation) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |||
Business Acquisition [Line Items] | |||
Goodwill | $851,640 | $851,640 | $752,867 |
7Delta Inc. [Member] | |||
Business Acquisition [Line Items] | |||
Cash and cash equivalents | 1,408 | ||
Receivables | 9,664 | ||
Prepaid expenses and other | 175 | ||
Goodwill | 69,967 | ||
Other intangible assets | 7,762 | ||
Property and equipment | 597 | ||
Other assets | 39 | ||
Accounts payable and accrued expenses | -6,617 | ||
Accrued salaries and related expenses | -1,399 | ||
Billings in excess of revenue earned | -229 | ||
Net assets acquired and liabilities assumed | 81,367 | ||
Allied Technology Group, Inc [Member] | |||
Business Acquisition [Line Items] | |||
Cash and cash equivalents | 712 | ||
Receivables | 11,670 | ||
Prepaid expenses and other | 1,432 | ||
Contractual inventory | 1 | ||
Goodwill | 28,806 | ||
Other intangible assets | 7,071 | ||
Property and equipment | 899 | ||
Other assets | 111 | ||
Accounts payable and accrued expenses | -3,399 | ||
Accrued salaries and related expenses | -2,155 | ||
Billings in excess of revenue earned | -148 | ||
Net assets acquired and liabilities assumed | $45,000 |
Earnings_Per_Share_Narrative_D
Earnings Per Share (Narrative) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | |
Earnings Per Share [Abstract] | |||
Number of Dividends Declared and Paid | 1 | 1 | |
Common Stock, Dividends, Per Share, Cash Paid | $0.21 | $0.21 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 2,000,000 | 2,800,000 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | 150,138 | 24,767 | 158,371 |
Earnings_Per_Share_Schedule_of
Earnings Per Share (Schedule of Earnings Per Share, Basic and Diluted) (Details) (USD $) | 3 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Components of Earnings Per Share, Basic and Diluted [Line Items] | ||
Distributed earnings | $7,860 | $7,814 |
Undistributed earnings | 3,898 | 1,820 |
Net income | 11,758 | 9,634 |
Class A common stock | ||
Components of Earnings Per Share, Basic and Diluted [Line Items] | ||
Basic net income available to common stockholders | 7,610 | 6,216 |
Basic weighted average common shares outstanding | 24,206,000 | 23,988,000 |
Basic earnings per share | $0.31 | $0.26 |
Diluted net income available to common stockholders | 7,627 | 6,222 |
Effect of potential exercise of stock options | 153,000 | 69,000 |
Diluted weighted average common shares outstanding | 24,359,000 | 24,057,000 |
Diluted earnings per share | $0.31 | $0.26 |
Class B common stock | ||
Components of Earnings Per Share, Basic and Diluted [Line Items] | ||
Basic net income available to common stockholders | 4,148 | 3,418 |
Basic weighted average common shares outstanding | 13,193,000 | 13,193,000 |
Basic earnings per share | $0.31 | $0.26 |
Diluted net income available to common stockholders | $4,131 | $3,412 |
Effect of potential exercise of stock options | 0 | 0 |
Diluted weighted average common shares outstanding | 13,193,000 | 13,193,000 |
Diluted earnings per share | $0.31 | $0.26 |
Receivables_Schedule_of_Contra
Receivables (Schedule of Contract Receivables) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Receivables [Abstract] | ||
Billed receivables | $266,470 | $319,065 |
Unbilled receivables: | ||
Amounts billable | 78,616 | 50,393 |
Revenues recorded in excess of funding | 15,693 | 13,082 |
Retainage | 7,331 | 4,446 |
Allowance for doubtful accounts | -9,744 | -9,830 |
Receivables—net | $358,366 | $377,156 |
Receivables_Narrative_Details
Receivables (Narrative) (Details) (USD $) | Mar. 31, 2015 |
In Millions, unless otherwise specified | |
Receivables [Abstract] | |
Accounts Receivable Not Expected to be Substantially Collected within One Year | $1.10 |
Percentage of Receivable Not Expected to be Collected within One Year related to Receivables from Direct Sales To U.S. Government | 90.60% |
Property_and_Equipment_Propert
Property and Equipment (Property and Equipment) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment—gross | $79,394 | $79,260 |
Accumulated depreciation and amortization | -54,135 | -53,517 |
Property and equipment—net | 25,259 | 25,743 |
Furniture and equipment | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment—gross | 44,215 | 43,659 |
Leasehold improvements | ||
Property, Plant and Equipment [Line Items] | ||
Property and equipment—gross | $35,179 | $35,601 |
Goodwill_and_Other_Intangible_2
Goodwill and Other Intangible Assets (Narrative) (Details) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Goodwill and Intangible Assets Disclosure [Abstract] | ||
Amortization of Intangible Assets | $4.90 | $4.90 |
Goodwill_and_Other_Intangible_3
Goodwill and Other Intangible Assets (Schedule of Goodwill) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Mar. 31, 2015 |
Goodwill [Roll Forward] | ||
Goodwill, period start | $752,867 | $851,640 |
Acquisitions | 98,773 | |
Goodwill, period end | $851,640 | $851,640 |
Goodwill_and_Other_Intangible_4
Goodwill and Other Intangible Assets (Schedule of Other Intangible Assets) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | $301,419 | $301,423 |
Accumulated Amortization | 151,054 | 146,173 |
Net Carrying Amount | 150,365 | 155,250 |
Contract and program intangible assets | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | 266,272 | 266,272 |
Accumulated Amortization | 130,570 | 126,619 |
Net Carrying Amount | 135,702 | 139,653 |
Capitalized software cost for internal use | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | 35,032 | 35,036 |
Accumulated Amortization | 20,428 | 19,500 |
Net Carrying Amount | 14,604 | 15,536 |
Other | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | 115 | 115 |
Accumulated Amortization | 56 | 54 |
Net Carrying Amount | $59 | $61 |
Goodwill_and_Other_Intangible_5
Goodwill and Other Intangible Assets (Schedule of Other Intangible Assets, Future Amortization Expense) (Details) (USD $) | Mar. 31, 2015 |
In Thousands, unless otherwise specified | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
For the remaining nine months ending December 31, 2015 | $15,018 |
For the year ending: | |
31-Dec-16 | 17,858 |
31-Dec-17 | 15,859 |
31-Dec-18 | 14,364 |
31-Dec-19 | 12,509 |
31-Dec-20 | $11,283 |
Debt_Revolving_Credit_Facility
Debt (Revolving Credit Facility) (Narrative) (Details) (USD $) | 3 Months Ended | |
Mar. 31, 2015 | Dec. 31, 2014 | |
Bank of America Syndicate [Member] | Revolving Credit Facility [Member] | ||
Line of Credit Facility [Line Items] | ||
Line of Credit Facility, Maximum Borrowing Capacity | 500,000,000 | |
Line of Credit, Current | 0 | 0 |
Line of Credit Facility, Remaining Borrowing Capacity | 499,200,000 | |
Bank of America Syndicate [Member] | Letter of Credit [Member] | ||
Line of Credit Facility [Line Items] | ||
Line of Credit Facility, Maximum Borrowing Capacity | 25,000,000 | |
Contingent Liability under Letters of Credit | 800,000 | |
Bank of America Syndicate [Member] | Revolving Credit Facility, Swing Line Loan [Member] | ||
Line of Credit Facility [Line Items] | ||
Line of Credit Facility, Maximum Borrowing Capacity | 30,000,000 | |
Variable Spread [Member] | London Interbank Offered Rate (LIBOR) [Member] | Revolving Credit Facility [Member] | Minimum [Member] | ||
Line of Credit Facility [Line Items] | ||
Debt Instrument, Basis Spread on Variable Rate | 1.25% | |
Variable Spread [Member] | London Interbank Offered Rate (LIBOR) [Member] | Revolving Credit Facility [Member] | Maximum [Member] | ||
Line of Credit Facility [Line Items] | ||
Debt Instrument, Basis Spread on Variable Rate | 2.25% | |
Variable Spread [Member] | Bank of America's Base Rate [Member] | Revolving Credit Facility [Member] | Minimum [Member] | ||
Line of Credit Facility [Line Items] | ||
Debt Instrument, Basis Spread on Variable Rate | 0.25% | |
Variable Spread [Member] | Bank of America's Base Rate [Member] | Revolving Credit Facility [Member] | Maximum [Member] | ||
Line of Credit Facility [Line Items] | ||
Debt Instrument, Basis Spread on Variable Rate | 1.25% |
StockBased_Compensation_Narrat
Stock-Based Compensation (Narrative) (Details) (USD $) | 0 Months Ended | 3 Months Ended | |
Jan. 02, 2015 | Mar. 31, 2015 | Mar. 31, 2014 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Annual Percentage Increase In Number Of Shares Available For Issuance | 1.50% | ||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized | 560,584 | ||
Remaining Aggregate Number of Shares Authorized For Issuance | 4,702,660 | ||
Stock Compensation Expense | $1,200,000 | $1,200,000 | |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount | 0 | 0 | |
Tax Effect from Share-based Compensation, Net | -1,500,000 | -1,800,000 | |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | 3 years | |
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 5 years | 5 years | |
Expected Annual Cash Dividend | $0.84 | ||
Granted, Weighted Average Fair Value | $5.04 | $4.89 | |
Share-based Payment Award, Options, Vested, Fair Value | 1,800,000 | 2,600,000 | |
Share-based Compensation, Nonvested Awards, Total Compensation Cost Not Yet Recognized | $5,100,000 | ||
Share-based Compensation, Nonvested Awards, Total Compensation Cost Not Yet Recognized, Period for Recognition | 2 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 | |
Restricted Stock Units (RSUs) [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 2 years | ||
Class A common stock | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Issued and Outstanding Under The Plan | 4,945,818 | ||
Maximum [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 8 years | 8 years |
StockBased_Compensation_Schedu
Stock-Based Compensation (Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions) (Details) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Share-based Compensation [Abstract] | ||
Volatility | 27.16% | 29.86% |
Expected life of options | 3 years | 3 years |
Risk-free interest rate | 1.16% | 0.85% |
Dividend yield | 3.00% | 3.00% |
StockBased_Compensation_Schedu1
Stock-Based Compensation (Schedule of Share-based Compensation, Stock Options, Activity) (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2013 |
Share-based Payment Award, Options, Outstanding [Roll Forward] | ||||
Stock options, Number of Shares, Period Start | 3,391,032 | 3,400,120 | 3,400,120 | |
Granted, Number of Shares | 107,340 | 946,576 | ||
Exercised, Number of Shares | -150,138 | -24,767 | -158,371 | |
Cancelled and expired, Number of Shares | -340,449 | -797,293 | ||
Stock options, Number of Shares, Period End | 3,007,785 | 3,391,032 | ||
Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward] | ||||
Stock options, Weighted Average Exercise Price, Period Start | $32.76 | $35.51 | $35.51 | |
Granted, Weighted Average Exercise Price | $32.53 | $29.12 | ||
Exercised, Weighted Average Exercise Price | $27.66 | $24.78 | ||
Cancelled and expired, Weighted Average Exercise Price | $46.02 | $41.75 | ||
Stock options, Weighted Average Exercise Price, Period End | $31.50 | $32.76 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract] | ||||
Stock options, Aggregate Intrinsic Value | $11,505 | $4,722 | $4,488 | |
Exercised, Aggregate Intrinsic Value | $830 | $754 |
StockBased_Compensation_Schedu2
Stock-Based Compensation (Schedule of Non-vested Share Activity) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Non-vested [Roll Forward] | |||
Non-vested stock options, Number of Shares, Period Start | 1,673,528 | ||
Granted, Number of Shares | 107,340 | 946,576 | |
Vested, Number of Shares | -346,520 | ||
Cancelled, Number of Shares | -51,665 | ||
Non-vested stock options, Number of Shares, Period End | 1,382,683 | 1,673,528 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Non-vested, Weighted Average Grant Date Fair Value [Roll Forward] | |||
Non-vested stock options, Weighted Average Fair Value, Period Start | $4.83 | ||
Granted, Weighted Average Fair Value | $5.04 | $4.89 | |
Vested, Weighted Average Fair Value | $5.07 | ||
Cancelled, Weighted Average Fair Value | $4.87 | ||
Non-vested stock options, Weighted Average Fair Value, Period End | $4.78 | $4.83 |
StockBased_Compensation_Stock_
Stock-Based Compensation (Stock Options Exercisable And Expected To Vest) (Details) (USD $) | 3 Months Ended |
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2015 |
Share-based Compensation [Abstract] | |
Stock options exercisable, Number of Shares | 1,625,102 |
Stock options expected to vest, Number of Shares | 1,206,709 |
Stock options exercisable and expected to vest, Number of Shares | 2,831,811 |
Stock options exercisable, Weighted Average Remaining Contractual Life | 2 years |
Stock options exercisable, Weighted Average Exercise Price | $33.90 |
Stock options exercisable, Aggregate Intrinsic Value | $4,231 |
Stock options expected to vest, Weighted Average Remaining Contractual Life | 4 years |
Stock options expected to vest, Weighted Average Exercise Price | $28.63 |
Stock options expected to vest, Aggregate Intrinsic Value | $6,408 |
StockBased_Compensation_Schedu3
Stock-Based Compensation (Schedule Of Share-based Compensation, Restricted Stock Activity) (Details) (Restricted Stock [Member], USD $) | 12 Months Ended |
Dec. 31, 2014 | |
Restricted Stock [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock, Non-vested [Roll Forward] | |
Non-vested, Number of Shares, Period Start | 21,000 |
Granted, Number of Shares | 21,000 |
Vested, Number of Shares | -21,000 |
Non-vested, Number of Shares, Period End | 21,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract] | |
Granted, Weighted Average Fair Value | $30.61 |
Vested, Weighted Average Fair Value | $27.65 |
StockBased_Compensation_Schedu4
Stock-Based Compensation (Schedule of Share-based Compensation, Restricted Stock Unit Activity) (Details) (Restricted Stock Units (RSUs) [Member], USD $) | 3 Months Ended |
Mar. 31, 2015 | |
Restricted Stock Units (RSUs) [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Nonvested, Number of Shares [Roll Forward] | |
Non-vested, Number of Shares, Period Start | 0 |
Granted, Number of Shares | 103,900 |
Non-vested, Number of Shares, Period End | 103,900 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract] | |
Granted, Weighted Average Fair Value | $30.92 |
Business_Segment_and_Geographi1
Business Segment and Geographic Area Information (Narrative) (Details) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Segment Reporting Information [Line Items] | ||
Number of Reportable Segments | 1 | |
U.S. government under prime contracts and subcontracts [Member] | Revenues [Member] | ||
Segment Reporting Information [Line Items] | ||
Percentage | 98.90% | 98.90% |
UNITED STATES | Revenues [Member] | ||
Segment Reporting Information [Line Items] | ||
Percentage | 99.90% | 99.70% |
International [Member] | Revenues [Member] | ||
Segment Reporting Information [Line Items] | ||
Percentage | 0.10% | 0.30% |
Equity_Method_Investments_Narr
Equity Method Investments (Narrative) (Details) (USD $) | 3 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | |
Schedule of Equity Method Investments [Line Items] | |||
Equity in losses of unconsolidated subsidiaries | $0 | $57,000 | |
Fluor-ManTech Logistics Solutions, LLC [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Equity Method Investment, Ownership Percentage | 50.00% | 50.00% | 50.00% |
Equity in losses of unconsolidated subsidiaries | 0 | 57,000 | |
Equity Method Investments | 0 | 0 | |
Liability Owed to Equity Method Investment | 735,000 | ||
GenTech Partners Joint Venture [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Equity Method Investment, Ownership Percentage | 49.00% | 49.00% | 49.00% |
Equity in losses of unconsolidated subsidiaries | 0 | 0 | |
Equity Method Investments | $141,000 | $141,000 | |
Fluor International, Inc. [Member] | Fluor-ManTech Logistics Solutions, LLC [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Equity Method Investment, Ownership Percentage | 50.00% | 50.00% | 50.00% |
Genex Systems, LLC [Member] | GenTech Partners Joint Venture [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Equity Method Investment, Ownership Percentage | 51.00% | 51.00% | 51.00% |
Subsequent_Event_Narrative_Det
Subsequent Event (Narrative) (Details) (Welkin Associates, Ltd. [Member], USD $) | 0 Months Ended |
In Millions, unless otherwise specified | Apr. 27, 2015 |
Welkin Associates, Ltd. [Member] | |
Subsequent Event [Line Items] | |
Business Combination, Consideration Transferred | $34 |