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Acquisitions (Tables)
 6 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combination, Recognized Asset Acquired and Liability Assumed
The final purchase price allocation is as follows (in thousands):
Receivables$9,122 
Contract assets16,193 
Inventories5,512 
Prepaid expenses and other current assets570 
Other assets214 
Property and equipment, net6,434 
Intangible asset - customer related59,000 
Goodwill40,201 
Operating lease right-of-use assets7,832 
     Total assets acquired 145,078 
Accounts payable(9,764)
Accrued expense and other current liabilities(5,624)
Long-term operating lease obligations(7,339)
     Total liabilities assumed(22,727)
Net assets acquired, excluding cash$122,351 
Cash consideration, net of cash acquired$112,351 
VSE common stock, at fair value10,000 
Total$122,351 
The adjusted preliminary purchase price is as follows (in thousands):
Receivables$27,379 
Contract assets2,925 
Inventories37,686 
Prepaid expenses and other current assets
2,723 
Property and equipment, net10,301 
Intangible asset - customer related41,900 
Goodwill87,771 
Operating lease right-of-use assets14,141 
Deferred tax assets8,243 
     Total assets acquired 233,069 
Accounts payable(27,750)
Accrued expense and other current liabilities(6,153)
Long-term operating lease obligations(10,300)
     Total liabilities assumed(44,203)
Net assets acquired, excluding cash$188,866 
Cash consideration, net of cash acquired$168,599 
VSE common stock, at fair value
20,267 
Total$188,866 
Business Combination, Pro Forma Information The unaudited consolidated pro forma results of operations are as follows (in thousands):
Three months ended June 30,Six months ended June 30,
2025202420252024
Revenue
$272,139 $199,940 $528,184 $386,993 
Income (loss) from continuing operations
$13,638 $(5,407)$27,606 $859 
The unaudited consolidated pro forma results of operations are as follows (in thousands):
Three months ended June 30,Six months ended June 30,
2025202420252024
Revenue
$272,139 $243,102 $528,184 $443,860 
Income (loss) from continuing operations
$13,638 $(4,972)$28,199 $2,474