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Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 02, 2021
Jul. 03, 2020
Current assets:    
Cash and cash equivalents $ 121,943 $ 226,838
Accounts receivable, net of allowance for credit losses of $1,628 and $1,451 at April 2, 2021 and July 3, 2020, respectively 125,603 120,438
Unbilled receivables and costs in excess of billings 138,378 90,289
Inventory 226,840 178,093
Prepaid income taxes 0 2,498
Prepaid expenses and other current assets 14,177 16,613
Total current assets 626,941 634,769
Property and equipment, net 128,343 87,737
Goodwill 782,656 614,076
Intangible assets, net 294,681 208,748
Operating lease right-of-use assets 65,780 60,613
Other non-current assets 4,919 4,777
Total assets 1,903,320 1,610,720
Current liabilities:    
Accounts payable 56,643 41,877
Accrued expenses 30,566 23,794
Accrued compensation 42,620 41,270
Deferred revenues and customer advances 32,840 18,974
Total current liabilities 162,669 125,915
Deferred income taxes 37,184 13,889
Income taxes payable 4,117 4,117
Long-term debt 160,000 0
Operating lease liabilities 70,619 66,981
Other non-current liabilities 14,751 15,034
Total liabilities 449,340 225,936
Commitments and contingencies (Note M)
Shareholders' equity:    
Preferred stock, $0.01 par value; 1,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock, $0.01 par value; 85,000,000 shares authorized; 55,163,620 and 54,702,322 shares issued and outstanding at April 2, 2021 and July 3, 2020, respectively 552 547
Additional paid-in capital 1,100,188 1,074,667
Retained earnings 356,574 312,455
Accumulated other comprehensive income (3,334) (2,885)
Total shareholders' equity 1,453,980 1,384,784
Total liabilities and shareholders' equity $ 1,903,320 $ 1,610,720