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Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 01, 2022
Jul. 02, 2021
Current assets:    
Cash and cash equivalents $ 91,694 $ 113,839
Accounts receivable, net of allowance for credit losses of $1,813 and $1,720 at April 1, 2022 and July 2, 2021, respectively 124,771 128,807
Unbilled receivables and costs in excess of billings 242,304 162,921
Inventory 259,614 221,640
Prepaid income taxes 10,214 782
Prepaid expenses and other current assets 26,448 15,111
Total current assets 755,045 643,100
Property and equipment, net 125,709 128,524
Goodwill 937,752 804,906
Intangible assets, net 365,496 307,559
Operating lease right-of-use assets 68,970 66,373
Other non-current assets 6,865 4,675
Total assets 2,259,837 1,955,137
Current liabilities:    
Accounts payable 90,338 47,951
Accrued expenses 35,442 24,652
Accrued compensation 36,241 40,043
Deferred revenues and customer advances 20,784 38,177
Total current liabilities 182,805 150,823
Deferred income taxes 29,598 28,810
Income taxes payable 8,160 7,467
Long-term debt 451,500 200,000
Operating lease liabilities 72,436 71,508
Other non-current liabilities 14,894 12,383
Total liabilities 759,393 470,991
Commitments and contingencies (Note N)
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; 55,594,940 and 55,241,120 shares issued and outstanding at April 1, 2022 and July 2, 2021, respectively 556 552
Additional paid-in capital 1,131,017 1,109,434
Retained earnings 368,859 374,499
Accumulated other comprehensive income (loss) 12 (339)
Total shareholders’ equity 1,500,444 1,484,146
Total liabilities and shareholders’ equity $ 2,259,837 $ 1,955,137