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Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 02, 2026
Jul. 03, 2026
Current assets:    
Cash and cash equivalents $ 109,679 $ 214,306
Accounts receivable, net of allowance for credit losses of $109 and $162 at October 2, 2026 and July 3, 2026, respectively 80,772 69,222
Unbilled receivables and costs in excess of billings, net of allowance for credit losses of $5,311 for both October 2, 2026 and July 3, 2026 290,348 285,760
Inventory 398,570 366,968
Prepaid income taxes 1,683 2,258
Prepaid expenses and other current assets 36,114 34,925
Total current assets 917,166 973,439
Property and equipment, net 110,320 108,413
Goodwill 941,637 942,419
Intangible assets, net 166,517 175,820
Operating lease right-of-use assets, net 44,079 47,713
Deferred tax assets 67,333 67,188
Other non-current assets 8,847 7,784
Total assets 2,255,899 2,322,776
Current liabilities:    
Accounts payable 96,212 91,041
Accrued expenses 30,986 32,991
Due to factoring facility 6,979 391
Accrued compensation 32,270 54,537
Deferred revenues and customer advances 150,181 149,565
Total current liabilities 316,628 328,525
Income taxes payable 3,487 3,487
Long-term debt 341,500 441,500
Operating lease liabilities 41,994 45,829
Other non-current liabilities 5,614 5,977
Total liabilities 709,223 825,318
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; 60,658,109 and 59,600,732 shares issued and outstanding at October 2, 2026 and July 3, 2026, respectively 607 596
Additional paid-in capital 1,370,452 1,333,410
Retained earnings 165,310 152,222
Accumulated other comprehensive income 10,307 11,230
Total shareholders’ equity 1,546,676 1,497,458
Total liabilities and shareholders’ equity $ 2,255,899 $ 2,322,776