Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Apr. 04, 2026
Jan. 03, 2026
Current Assets    
Cash and cash equivalents $ 112.0 $ 194.4
Accounts receivable, less allowance for credit losses of $12.2 and $12.1 as of April 4, 2026 and January 3, 2026, respectively 111.4 107.9
Contract assets 34.2 27.6
Inventories 61.1 58.6
Prepaid expenses 11.5 9.5
Other current assets 24.8 23.8
Total current assets 355.0 421.8
Property, plant, and equipment, net 67.2 66.2
Right-of-use assets, net 73.4 73.4
Intangible assets, net 368.9 341.1
Goodwill 428.0 383.9
Deferred tax assets, net 11.5 13.3
Other assets 5.1 5.3
Total assets 1,309.1 1,305.0
Current Liabilities    
Accounts payable 55.5 40.7
Contract liabilities 16.2 16.7
Current maturities of long-term debt 6.3 6.9
Accrued expenses and other current liabilities 56.1 55.0
Total current liabilities 134.1 119.3
Long-term debt, net 540.4 538.8
Deferred tax liabilities, net 3.1 3.1
Other long-term liabilities 71.4 71.3
Total liabilities 749.0 732.5
STOCKHOLDERS’ EQUITY    
Common Stock, 825,000,000 shares authorized, $0.0001 par value, 149,089,626 and 148,439,716 shares issued as of April 4, 2026 and January 3, 2026, respectively 0.0 0.0
Treasury stock, at cost, 12,697,167 and 9,583,103 shares as of April 4, 2026 and January 3, 2026, respectively (117.4) (100.4)
Additional paid in capital 320.8 315.9
Accumulated other comprehensive loss (1.6) (1.1)
Retained earnings 358.3 358.1
Total stockholders’ equity 560.1 572.5
Total liabilities and stockholders’ equity $ 1,309.1 $ 1,305.0