Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]
PAY VERSUS PERFORMANCE
EXECUTIVE COMPENSATION
Our compensation philosophy is to support V2X’s business strategy within the principles of competitiveness, full disclosure and consistent alignment with long-term value creation. We believe our philosophy encourages individual and group behaviors that balance risk and reward while supporting sustained growth and earnings performance. A substantial portion of our executive compensation is tied to the Company’s internal business and financial performance and share price performance. If internal business and financial performance or share price performance falls below identified thresholds, at-risk incentive compensation is reduced or not paid at all.
As required by Item 402(v) of Regulation S-K, the following table and accompanying footnotes and discussion provide certain information regarding executive compensation and measures of Company performance in the last three fiscal years.
Pay Versus Performance Table
Fiscal
Year
(1)
Summary
Compensation
Table Total for
CEO
($)
(2)
Compensation
Actually Paid
for CEO
($)
(3)
Average
Summary
Compensation
Table Total for
Non-CEO
NEOs
($)
(4)
Average
Compensation
Actually Paid
for Non-CEO
NEOs
($)
(5)
Value of Initial Fixed $100
Investment Based on:
GAAP Net
Income
($)
(8)
Adjusted
Diluted
Earnings
Per Share
($)
(9)
Company
Total
Shareholder
Return
($)
(6)
Peer Group
Total
Shareholder
Return
($)
(7)
2022
4,619,679
4,505,434
6,866,764
8,171,106
80.55
101.87
(14,330,000)
4.16
2021
4,083,541
3,185,883
1,049,196
854,711
89.29
107.72
45,728,000
3.96
2020
3,441,257
3,301,633
1,011,132
993,030
97.00
105.62
36,951,000
3.09
(1)
Year-ended December 31.
(2)
Amounts in this column reflect the total compensation as reported in the Summary Compensation Table for Charles L. Prow, President and Chief Executive Officer.
(3)
Amounts in this column reflect the Summary Compensation Table total for Charles L. Prow, President and Chief Executive Officer minus the value of Stock Awards and Option Awards granted in the year (as reported in the Summary Compensation Table), plus the fair value of equity awards at year-end for awards granted in the year, the change in fair value of equity awards at year-end (from the end of the prior year) for equity awards granted in previous years, the fair value of equity awards on the vest date for equity awards which were granted and vested in the year, and the change in fair value of equity awards at year-end (from the vest date) for equity awards which vested in the year. For a reconciliation, see the table below.
(4)
(5)
Amounts in this column reflect the average Summary Compensation Table total for all Non-CEO NEOs (as disclosed in footnote 4 above) minus the value of Stock Awards and Option Awards granted in the year (as reported in the Summary Compensation Table), plus the fair value of equity awards at year-end for awards granted in the year, the change in fair value of equity awards at year-end (from the end of the prior year) for equity awards granted in previous years, the fair value of equity awards on the vest date for equity awards which were granted and vested in the year, and the change in fair value of equity awards at year-end (from the vest date) for equity awards which vested in the year. Amounts also reflect the one-time Vertex Merger Grant in 2022 that impacts the average Compensation Actually Paid for the Non-CEO NEOs for 2022. For a reconciliation, see the table below.
(6)
As of year-ended December 31, assuming an initial investment of $100 on December 31, 2019.
(7)
Reflects S&P Aerospace and Defense Select Industry Index.
(8)
As of year-ended December 31.
(9)
Year-ended December 31.
CEO SCT Total to CAP Reconciliation
Fiscal Year
Salary
($)
Bonus and
Non-Equity
Incentive
Compensation
($)
Other
Compensation
($)
(1)
SCT Total
($)
Deductions
from SCT
Total
($)
(2)
Additions
to SCT
Total
($)
(3)
CAP
($)
2022
831,310
1,251,965
36,391
4,619,679
(2,500,013)
2,385,768
4,505,434
2021
764,619
1,185,106
33,844
4,083,541
(2,099,972)
1,202,314
3,185,883
2020
738,467
769,400
33,371
3,441,257
(1,900,019)
1,760,395
3,301,633
Average Non-CEO NEOs SCT Total to CAP Reconciliation
Fiscal Year
Salary
($)
Bonus and
Non-Equity
Incentive
Compensation
($)
Other
Compensation
($)
(1)
SCT Total
($)
Deductions
from SCT
Total
($)
(2)
Additions
to SCT
Total
($)
(3)
CAP
($)
2022
286,439
410,925
15,530
6,866,764
(6,153,870)
7,458,212
8,171,106
2021
375,981
298,504
13,706
1,049,196
(361,005)
166,520
854,711
2020
397,271
235,775
15,577
1,011,132
(362,509)
344,407
993,030
(1)
Reflects “all other compensation” reported in the SCT for each year shown.
(2)
Represents the grant date fair value of equity-based awards granted each year. We do not offer a pension plan, therefore, no adjustment for pension value needed.
(3)
Reflects the value of equity calculated in accordance with the SEC methodology for determining CAP for each year shown.
   
Company Selected Measure Name Adjusted Diluted Earnings Per Share    
Named Executive Officers, Footnote [Text Block]
(1)
Year-ended December 31.
(2)
Amounts in this column reflect the total compensation as reported in the Summary Compensation Table for Charles L. Prow, President and Chief Executive Officer.
(3)
Amounts in this column reflect the Summary Compensation Table total for Charles L. Prow, President and Chief Executive Officer minus the value of Stock Awards and Option Awards granted in the year (as reported in the Summary Compensation Table), plus the fair value of equity awards at year-end for awards granted in the year, the change in fair value of equity awards at year-end (from the end of the prior year) for equity awards granted in previous years, the fair value of equity awards on the vest date for equity awards which were granted and vested in the year, and the change in fair value of equity awards at year-end (from the vest date) for equity awards which vested in the year. For a reconciliation, see the table below.
(4)
(5)
Amounts in this column reflect the average Summary Compensation Table total for all Non-CEO NEOs (as disclosed in footnote 4 above) minus the value of Stock Awards and Option Awards granted in the year (as reported in the Summary Compensation Table), plus the fair value of equity awards at year-end for awards granted in the year, the change in fair value of equity awards at year-end (from the end of the prior year) for equity awards granted in previous years, the fair value of equity awards on the vest date for equity awards which were granted and vested in the year, and the change in fair value of equity awards at year-end (from the vest date) for equity awards which vested in the year. Amounts also reflect the one-time Vertex Merger Grant in 2022 that impacts the average Compensation Actually Paid for the Non-CEO NEOs for 2022.
   
Peer Group Issuers, Footnote [Text Block]
(6)
As of year-ended December 31, assuming an initial investment of $100 on December 31, 2019.
(7)
Reflects S&P Aerospace and Defense Select Industry Index.
   
PEO Total Compensation Amount $ 4,619,679 $ 4,083,541 $ 3,441,257
PEO Actually Paid Compensation Amount $ 4,505,434 3,185,883 3,301,633
Adjustment To PEO Compensation, Footnote [Text Block]
CEO SCT Total to CAP Reconciliation
Fiscal Year
Salary
($)
Bonus and
Non-Equity
Incentive
Compensation
($)
Other
Compensation
($)
(1)
SCT Total
($)
Deductions
from SCT
Total
($)
(2)
Additions
to SCT
Total
($)
(3)
CAP
($)
2022
831,310
1,251,965
36,391
4,619,679
(2,500,013)
2,385,768
4,505,434
2021
764,619
1,185,106
33,844
4,083,541
(2,099,972)
1,202,314
3,185,883
2020
738,467
769,400
33,371
3,441,257
(1,900,019)
1,760,395
3,301,633
   
Non-PEO NEO Average Total Compensation Amount $ 6,866,764 1,049,196 1,011,132
Non-PEO NEO Average Compensation Actually Paid Amount $ 8,171,106 854,711 993,030
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]
Average Non-CEO NEOs SCT Total to CAP Reconciliation
Fiscal Year
Salary
($)
Bonus and
Non-Equity
Incentive
Compensation
($)
Other
Compensation
($)
(1)
SCT Total
($)
Deductions
from SCT
Total
($)
(2)
Additions
to SCT
Total
($)
(3)
CAP
($)
2022
286,439
410,925
15,530
6,866,764
(6,153,870)
7,458,212
8,171,106
2021
375,981
298,504
13,706
1,049,196
(361,005)
166,520
854,711
2020
397,271
235,775
15,577
1,011,132
(362,509)
344,407
993,030
(1)
Reflects “all other compensation” reported in the SCT for each year shown.
(2)
Represents the grant date fair value of equity-based awards granted each year. We do not offer a pension plan, therefore, no adjustment for pension value needed.
(3)
Reflects the value of equity calculated in accordance with the SEC methodology for determining CAP for each year shown.
   
Compensation Actually Paid vs. Total Shareholder Return [Text Block]
CAP versus TSR
[MISSING IMAGE: bc_capvstsr-pn.jpg]
   
Compensation Actually Paid vs. Net Income [Text Block]
CAP versus Net Income/(Loss)
[MISSING IMAGE: bc_netincome-pn.jpg]
   
Compensation Actually Paid vs. Company Selected Measure [Text Block]
CAP versus Adjusted Diluted EPS
[MISSING IMAGE: bc_capvsadju-pn.jpg]
   
Total Shareholder Return Vs Peer Group [Text Block]
Company TSR versus Peer Group TSR
[MISSING IMAGE: lc_totalshare-pn.jpg]
   
Tabular List [Table Text Block]
Most Important Performance Measures to Determine CAP for 2022
The five items listed below represent the most important metrics we used to determine CAP for 2022 as further described in our “Compensation Discussion and Analysis.”
Most Important Performance Measures
Adjusted Diluted Earnings Per Share
Days Sales Outstanding
Revenue
New Business
Individual Strategic Achievements
   
Total Shareholder Return Amount $ 80.55 89.29 97
Peer Group Total Shareholder Return Amount 101.87 107.72 105.62
Net Income (Loss) $ (14,330,000) $ 45,728,000 $ 36,951,000
Company Selected Measure Amount 4.16 3.96 3.09
PEO Name Charles L. Prow    
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name Adjusted Diluted Earnings Per Share    
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name Days Sales Outstanding    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name Revenue    
Measure [Axis]: 4      
Pay vs Performance Disclosure [Table]      
Measure Name New Business    
Measure [Axis]: 5      
Pay vs Performance Disclosure [Table]      
Measure Name Individual Strategic Achievements    
PEO [Member]      
Pay vs Performance Disclosure [Table]      
Salary $ 831,310 $ 764,619 $ 738,467
Bonus and Non-Equity Incentive Plan Compensation 1,251,965 1,185,106 769,400
Other Compensation 36,391 33,844 33,371
PEO [Member] | Deductions Adjustment [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (2,500,013) (2,099,972) (1,900,019)
PEO [Member] | Additions Adjustment [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 2,385,768 1,202,314 1,760,395
Non-PEO NEO [Member]      
Pay vs Performance Disclosure [Table]      
Salary 286,439 375,981 397,271
Bonus and Non-Equity Incentive Plan Compensation 410,925 298,504 235,775
Other Compensation 15,530 13,706 15,577
Non-PEO NEO [Member] | Deductions Adjustment [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (6,153,870) (361,005) (362,509)
Non-PEO NEO [Member] | Additions Adjustment [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 7,458,212 $ 166,520 $ 344,407