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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 02, 2021
Jul. 03, 2020
Current assets:    
Cash and cash equivalents $ 113,839 $ 226,838
Accounts receivable, net of allowance for credit losses of $1,720 and $1,451 at July 2, 2021 and July 3, 2020, respectively 128,807 120,438
Unbilled receivables and costs in excess of billings 162,921 90,289
Inventory 221,640 178,093
Prepaid income taxes 782 2,498
Prepaid expenses and other current assets 15,111 16,613
Total current assets 643,100 634,769
Property and equipment, net 128,524 87,737
Goodwill 804,906 614,076
Intangible assets, net 307,559 208,748
Operating lease right-of-use assets 66,373 60,613
Other non-current assets 4,675 4,777
Total assets 1,955,137 1,610,720
Current liabilities:    
Accounts payable 47,951 41,877
Accrued expenses 24,652 23,794
Accrued compensation 40,043 41,270
Deferred revenues and customer advances 38,177 18,974
Total current liabilities 150,823 125,915
Deferred income taxes 28,810 13,889
Income taxes payable 7,467 4,117
Long-term debt 200,000 0
Operating lease liabilities 71,508 66,981
Other non-current liabilities 12,383 15,034
Total liabilities 470,991 225,936
Commitments and contingencies
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; 55,241,120 and 54,702,322 shares issued and outstanding at July 2, 2021 and July 3, 2020, respectively 552 547
Additional paid-in capital 1,109,434 1,074,667
Retained earnings 374,499 312,455
Accumulated other comprehensive loss (339) (2,885)
Total shareholders’ equity 1,484,146 1,384,784
Total liabilities and shareholders’ equity $ 1,955,137 $ 1,610,720