Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 01, 2023
Dec. 31, 2022
Current Assets    
Cash $ 110,707 $ 78,373
Accounts receivable, less allowance for credit losses; $5,389 and $4,549, at July 1, 2023 and December 31, 2022, respectively 156,018 155,397
Contract assets 50,171 39,251
Inventory, net 59,573 67,677
Prepaid expenses 10,125 9,098
Other current assets 3,912 13,381
Total current assets 390,506 363,177
Right-of-use assets, net 43,428 44,305
Property and equipment, net 47,183 42,083
Intangible assets, net 390,186 404,385
Goodwill 368,523 368,204
Deferred tax asset, net 46,601 46,601
Other assets 1,702 1,863
Total assets 1,288,129 1,270,618
Current Liabilities    
Accounts payable 55,666 52,268
Billing in excess of costs 18,840 21,445
Current maturities of long-term debt 8,854 8,347
Accrued expenses and other current liabilities 72,248 70,551
Total current liabilities 155,608 152,611
Long-term debt, net 649,220 699,850
Deferred tax liability, net 1,751 1,927
Other long-term liabilities 38,576 40,944
Total liabilities 845,155 895,332
STOCKHOLDERS’ EQUITY    
Common Stock, 825,000,000 shares authorized, $0.0001 par value, 146,825,494 and 146,703,894 shares issued and outstanding at July 1, 2023 and December 31, 2022, respectively 15 15
Treasury stock, at cost, 18,638 and zero shares as of July 1, 2023 and December 31, 2022, respectively (184) 0
Additional paid-in capital 285,495 281,914
Accumulated other comprehensive loss (3,474) (4,796)
Retained earnings 161,122 98,153
Total stockholders’ equity 442,974 375,286
Total liabilities and stockholders’ equity $ 1,288,129 $ 1,270,618