Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 30, 2024
Dec. 30, 2023
Current Assets    
Cash $ 178.4 $ 171.7
Accounts receivable, less allowance for credit losses of $4.1 and $3.6, at March 30, 2024 and December 30, 2023, respectively 192.0 174.1
Contract assets 35.4 49.7
Inventories 51.1 48.4
Prepaid expenses 9.7 8.4
Other current assets 6.5 10.8
Total current assets 473.1 463.1
Right-of-use assets, net 49.9 50.9
Property, plant and equipment, net 54.0 52.4
Intangible assets, net 367.7 375.3
Goodwill 368.4 368.6
Deferred tax asset, net 34.3 36.8
Other assets 2.6 2.9
Total assets 1,350.0 1,350.0
Current Liabilities    
Accounts payable 61.1 59.8
Contract liabilities 29.7 26.7
Current maturities of long-term debt 7.3 7.3
Accrued expenses and other current liabilities 62.1 80.3
Total current liabilities 160.2 174.1
Long-term debt, net 606.4 607.7
Deferred tax liability, net 1.7 1.7
Other long-term liabilities 46.3 46.9
Total liabilities 814.6 830.4
STOCKHOLDERS’ EQUITY    
Common Stock, 825,000,000 shares authorized, $0.0001 par value, 147,059,095 and 146,861,489 shares issued at March 30, 2024 and December 30, 2023, respectively 0.0 0.0
Treasury stock, at cost, 1,111,882 and 34,297 shares as of March 30, 2024 and December 30, 2023, respectively (16.6) (0.4)
Additional paid-in capital 290.9 289.0
Accumulated other comprehensive loss (3.5) (2.9)
Retained earnings 264.6 233.9
Total stockholders’ equity 535.4 519.6
Total liabilities and stockholders’ equity $ 1,350.0 $ 1,350.0