Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 01, 2023
Dec. 31, 2022
Current Assets    
Cash $ 69,639 $ 78,373
Accounts receivable, less allowance for credit losses; $4,652 and $4,549, at April 1, 2023 and December 31, 2022, respectively 149,758 155,397
Costs in excess of billing on uncompleted contracts 40,992 39,251
Inventory, net 64,769 67,677
Prepaid expenses 8,354 9,098
Other current assets 4,450 13,381
Total current assets 337,962 363,177
Right-of-use assets, net 43,961 44,305
Property and equipment, net 46,005 42,083
Intangible assets, net 397,276 404,385
Goodwill 368,363 368,204
Deferred tax asset, net 46,601 46,601
Other assets 1,740 1,863
Total assets 1,241,908 1,270,618
Current Liabilities    
Accounts payable 58,545 52,268
Billing in excess of costs on uncompleted contracts 18,311 21,445
Current maturities of long-term debt 8,649 8,347
Accrued expenses and other current liabilities 61,366 70,551
Total current liabilities 146,871 152,611
Long-term debt, net 649,818 699,850
Deferred tax liability, net 1,909 1,927
Other long-term liabilities 39,704 40,944
Total liabilities 838,302 895,332
STOCKHOLDERS’ EQUITY    
Common Stock, 825,000,000 shares authorized, $0.0001 par value, 146,744,164 and 146,703,894 shares issued and outstanding at April 1, 2023 and December 31, 2022, respectively 15 15
Treasury stock, at cost, 18,520 and zero shares as of April 1, 2023 and December 31, 2022, respectively (183) 0
Additional paid-in capital 283,744 281,914
Accumulated other comprehensive loss (4,105) (4,796)
Retained earnings 124,135 98,153
Total stockholders’ equity 403,606 375,286
Total liabilities and stockholders’ equity $ 1,241,908 $ 1,270,618