Merger (Tables)
 6 Months Ended
Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]  
Schedule of Fair Value of the Consideration Transferred
The Closing Date fair value of the consideration transferred totaled $634.0 million, which was comprised of the following:
(In thousands, except share and per share amounts)Purchase Price
Shares of V2X common stock issued18,591,866 
Market price per share of V2X as of Closing Date$33.92 
Fair value of common shares issued$630,636 
Fair value of cash consideration3,315 
Total consideration transferred$633,951 
Purchase Price Allocation
The following table summarizes the final fair values of the assets acquired and liabilities assumed in the Merger as of the Closing Date. As of June 30, 2023, the Company considered these amounts to be final.
(In thousands)Fair Value
Cash and cash equivalents$196,993 
Receivables331,300 
Prepaid expenses50,838 
Property, plant, and equipment55,678 
Intangible assets480,000 
Other non-current assets17,104 
Right-of-use assets21,062 
Accounts payable(121,515)
Debt(1,352,303)
Compensation and other employee benefits(45,968)
Other current and non-current liabilities(334,469)
Total identifiable net assets(701,280)
Goodwill1,335,231 
Total purchase consideration$633,951 
Schedule of Pro Forma Information
This unaudited pro forma information is presented for informational purposes only and may not necessarily reflect the actual results of operations that would have been achieved, nor are they necessarily indicative of future results of operations.
Three Months EndedSix Months Ended
June 30, 2023July 1, 2022June 30, 2023July 1, 2022
(Unaudited, in thousands)ActualPro formaActualPro forma
Revenue$977,852 $887,377 $1,921,312 $1,730,118 
Net income (loss)$1,799 $4,004 $(15,681)$15,897