Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 01, 2022
Jan. 01, 2022
Current Assets    
Cash $ 55,335 $ 13,192
Accounts receivable, less allowance for credit losses; $4,553 and $5,449, at October 1, 2022 and January 1, 2022, respectively 151,694 107,372
Costs and estimated earnings in excess of billing on uncompleted contracts 30,831 23,121
Inventory, net 69,050 56,596
Prepaid expenses 12,282 9,843
Other current assets 2,227 4,057
Total current assets 321,419 214,181
Right-of-use assets, net 45,529 0
Property and equipment, net 42,855 41,607
Tradename and trademarks 106,971 107,980
Goodwill 367,262 369,286
Deferred tax asset, net 59,979 58,915
Other assets 1,874 1,973
Total assets 1,249,402 1,122,002
Current Liabilities    
Accounts payable 55,728 54,961
Billing in excess of costs and estimated earnings on uncompleted contracts 27,235 23,207
Current maturities of long-term debt 8,379 8,067
Other accrued liabilities 75,919 54,111
Total current liabilities 167,261 140,346
Line of credit 0 6,369
Long-term debt, net 701,189 703,718
Deferred tax liability, net 1,678 749
Other long-term liabilities 41,764 2,533
Total liabilities 911,892 853,715
STOCKHOLDERS’ EQUITY    
Common Stock, 825,000,000 shares authorized, $0.0001 par value, 146,647,275 and 146,561,717 shares issued and outstanding at October 1, 2022 and January 1, 2022, respectively 15 15
Additional paid-in capital 279,944 277,799
Accumulated other comprehensive loss (7,887) (949)
Retained earnings (accumulated deficit) 65,438 (8,578)
Total stockholders’ equity 337,510 268,287
Total liabilities and stockholders’ equity 1,249,402 1,122,002
Customer relationships, net    
Current Assets    
Customer relationships, net 288,770 312,199
Other intangibles    
Current Assets    
Customer relationships, net $ 14,743 $ 15,861