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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Jul. 01, 2022
Current assets:    
Cash and cash equivalents $ 71,563 $ 65,654
Accounts receivable, net of allowance for credit losses of $1,335 and $2,074 at June 30, 2023 and July 1, 2022, respectively 124,729 144,494
Unbilled receivables and costs in excess of billings 382,558 303,356
Inventory 337,216 270,339
Prepaid income taxes 0 7,503
Prepaid expenses and other current assets 20,952 23,906
Total current assets 937,018 815,252
Property and equipment, net 119,554 127,191
Goodwill 938,093 937,880
Intangible assets, net 298,051 351,538
Operating lease right-of-use assets, net 63,015 66,366
Deferred tax asset 27,099 0
Other non-current assets 8,537 6,188
Total assets 2,391,367 2,304,415
Current liabilities:    
Accounts payable 103,986 98,673
Accrued expenses 28,423 34,954
Accrued compensation 30,419 44,813
Income tax payable 13,874 0
Deferred revenues and customer advances 56,562 15,487
Total current liabilities 233,264 193,927
Deferred income taxes 0 32,398
Income taxes payable 5,166 9,112
Long-term debt 511,500 451,500
Operating lease liabilities 66,797 69,888
Other non-current liabilities 7,955 10,405
Total liabilities 824,682 767,230
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; 56,961,665 and 55,679,747 shares issued and outstanding at June 30, 2023 and July 1, 2022, respectively 570 557
Additional paid-in capital 1,196,847 1,145,323
Retained earnings 357,439 385,774
Accumulated other comprehensive income 11,829 5,531
Total shareholders’ equity 1,566,685 1,537,185
Total liabilities and shareholders’ equity $ 2,391,367 $ 2,304,415