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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 01, 2022
Jul. 02, 2021
Current assets:    
Cash and cash equivalents $ 65,654 $ 113,839
Accounts receivable, net of allowance for credit losses of $2,074 and $1,720 at July 1, 2022 and July 2, 2021, respectively 144,494 128,807
Unbilled receivables and costs in excess of billings 303,356 162,921
Inventory 270,339 221,640
Prepaid income taxes 7,503 782
Prepaid expenses and other current assets 23,906 15,111
Total current assets 815,252 643,100
Property and equipment, net 127,191 128,524
Goodwill 937,880 804,906
Intangible assets, net 351,538 307,559
Operating lease right-of-use assets, net 66,366 66,373
Other non-current assets 6,188 4,675
Total assets 2,304,415 1,955,137
Current liabilities:    
Accounts payable 98,673 47,951
Accrued expenses 34,954 24,652
Accrued compensation 44,813 40,043
Deferred revenues and customer advances 15,487 38,177
Total current liabilities 193,927 150,823
Deferred income taxes 32,398 28,810
Income taxes payable 9,112 7,467
Long-term debt 451,500 200,000
Operating lease liabilities 69,888 71,508
Other non-current liabilities 10,405 12,383
Total liabilities 767,230 470,991
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; 55,679,747 and 55,241,120 shares issued and outstanding at July 1, 2022 and July 2, 2021, respectively 557 552
Additional paid-in capital 1,145,323 1,109,434
Retained earnings 385,774 374,499
Accumulated other comprehensive income (loss) 5,531 (339)
Total shareholders’ equity 1,537,185 1,484,146
Total liabilities and shareholders’ equity $ 2,304,415 $ 1,955,137