Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jan. 01, 2022
Dec. 26, 2020
Current Assets    
Cash and cash equivalents $ 13,192 $ 45,255
Accounts receivable, less allowance for doubtful accounts; $5,449 and $4,485, at January 1, 2022 and December 26, 2020, respectively 107,372 75,135
Costs and estimated earnings in excess of billing on uncompleted contracts 23,121 11,399
Inventory, net 56,596 25,282
Prepaid expenses 9,843 5,950
Other current assets 4,057 5,192
Total current assets 214,181 168,213
Property and equipment, net 41,607 30,971
Tradename and trademarks 107,980 85,598
Goodwill 369,286 259,423
Deferred tax asset, net 58,915 0
Other assets 1,973 2,415
Total assets 1,122,002 873,480
Current Liabilities    
Accounts payable 54,961 29,889
Billing in excess of costs and estimated earnings on uncompleted contracts 23,207 21,525
Current maturities of long-term debt 8,067 6,523
Other accrued liabilities 54,111 37,165
Total current liabilities 140,346 95,102
Debt outstanding 6,369 0
Long-term debt, net 703,718 617,604
Deferred tax liability, net 749 15,269
Other long-term liabilities 2,533 4,631
Total liabilities 853,715 732,606
Commitments and Contingencies (Notes 8 and 21)
STOCKHOLDERS’ EQUITY    
Common Stock, 825,000,000 shares authorized, $0.0001 par value, 146,561,717 and 66,145,633 shares issued and outstanding at January 1, 2022 and December 26, 2020, respectively 15 7
Additional paid in capital 277,799 189,299
Accumulated other comprehensive loss (949) (227)
Accumulated deficit (8,578) (48,205)
Total stockholders’ equity 268,287 140,874
Total liabilities and stockholders’ equity 1,122,002 873,480
Customer relationships    
Current Assets    
Finite-lived assets 312,199 309,472
Other intangibles    
Current Assets    
Finite-lived assets $ 15,861 $ 17,388