Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Oct. 03, 2026
Jan. 03, 2026
Current Assets    
Cash and cash equivalents $ 99.9 $ 194.4
Accounts receivable, less allowance for credit losses of $10.8 and $12.1 as of October 3, 2026 and January 3, 2026, respectively 109.8 107.9
Contract assets 32.9 27.6
Inventories 57.7 58.6
Prepaid expenses 9.6 9.5
Other current assets 25.3 23.8
Total current assets 335.2 421.8
Property, plant, and equipment, net 65.1 66.2
Right-of-use assets, net 71.9 73.4
Intangible assets, net 336.1 341.1
Goodwill 415.8 383.9
Deferred tax assets, net 10.7 13.3
Other assets 7.1 5.3
Total assets 1,241.9 1,305.0
Current Liabilities    
Accounts payable 50.6 40.7
Contract liabilities 12.1 16.7
Current maturities of long-term debt 6.0 6.9
Accrued expenses and other current liabilities 54.4 55.0
Total current liabilities 123.1 119.3
Long-term debt, net 508.2 538.8
Deferred tax liabilities, net 3.4 3.1
Other long-term liabilities 70.5 71.3
Total liabilities 705.2 732.5
STOCKHOLDERS’ EQUITY    
Common Stock, 825,000,000 shares authorized, $0.0001 par value, 149,755,598 and 148,439,716 shares issued as of October 3, 2026 and January 3, 2026, respectively 0.0 0.0
Treasury stock, at cost, 18,238,301 and 9,583,103 shares as of October 3, 2026 and January 3, 2026, respectively (145.6) (100.4)
Additional paid in capital 328.1 315.9
Accumulated other comprehensive loss (1.5) (1.1)
Retained earnings 355.7 358.1
Total stockholders’ equity 536.7 572.5
Total liabilities and stockholders’ equity $ 1,241.9 $ 1,305.0