Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.22.2.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 02, 2022
Jan. 01, 2022
Current Assets    
Cash and cash equivalents $ 40,718 $ 13,192
Accounts receivable, less allowance for credit losses; $6,607 and $5,449, at July 2, 2022 and January 1, 2022, respectively 132,531 107,372
Costs and estimated earnings in excess of billing on uncompleted contracts 21,715 23,121
Inventory, net 66,769 56,596
Prepaid expenses 8,211 9,843
Other current assets 3,288 4,057
Total current assets 273,232 214,181
Right-of-use assets, net 40,535 0
Property and equipment, net 42,557 41,607
Tradename and trademarks 107,403 107,980
Goodwill 368,085 369,286
Deferred tax asset, net 60,005 58,915
Other assets, net 1,825 1,973
Total assets 1,205,539 1,122,002
Current Liabilities    
Accounts payable 56,425 54,961
Billing in excess of costs and estimated earnings on uncompleted contracts 26,084 23,207
Current maturities of long-term debt 8,229 8,067
Other accrued liabilities 65,958 54,111
Total current liabilities 156,696 140,346
Line of credit 0 6,369
Long-term debt, net 701,883 703,718
Deferred tax liability, net 1,827 749
Other long-term liabilities 37,620 2,533
Total liabilities 898,026 853,715
STOCKHOLDERS’ EQUITY    
Common Stock, 825,000,000 shares authorized, $.0001 par value, 146,639,377 and 146,561,717 shares issued and outstanding at July 2, 2022 and January 1, 2022, respectively 15 15
Additional paid-in capital 279,309 277,799
Accumulated other comprehensive loss (4,850) (949)
Accumulated surplus (deficit) 33,039 (8,578)
Total stockholders’ equity 307,513 268,287
Total liabilities and stockholders’ equity 1,205,539 1,122,002
Customer relationships, net    
Current Assets    
Customer relationships, net 296,779 312,199
Other intangibles    
Current Assets    
Customer relationships, net $ 15,118 $ 15,861