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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 338.9 $ 72.8
Accounts receivable, net 116.9 128.8
Unbilled receivables, net 208.9 200.4
Inventoried costs 159.8 156.2
Prepaid expenses 26.8 16.0
Other current assets 20.4 20.0
Total current assets 871.7 594.2
Property, plant and equipment, net 251.3 243.6
Operating lease right-of-use assets 42.9 45.7
Goodwill 568.9 569.1
Intangible assets, net 60.2 62.4
Other assets 119.6 117.5
Total assets 1,914.6 1,632.5
Current liabilities:    
Accounts payable 61.9 63.1
Accrued expenses 36.0 35.4
Accrued compensation 61.1 64.7
Accrued interest 1.4 1.7
Billings in excess of costs and earnings on uncompleted contracts 97.5 101.8
Current portion of operating lease liabilities 11.6 12.1
Other current liabilities 18.7 13.7
Total current liabilities 288.2 292.5
Long-term debt, net of current portion 179.4 219.3
Operating lease liabilities, net of current portion 35.3 37.8
Other long-term liabilities 83.1 84.4
Total liabilities 586.0 634.0
Commitments and contingencies (Note 14)
Redeemable noncontrolling interest 22.5 22.5
Stockholders’ equity:    
Preferred stock, $0.001 par value, 5,000,000 shares authorized, 0 shares outstanding at March 31, 2024 and December 31, 2023 0.0 0.0
Common stock, $0.001 par value, 195,000,000 shares authorized; 150,020,266 and 129,286,964 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 0.2 0.0
Additional paid-in capital 1,982.7 1,654.5
Accumulated other comprehensive income 2.1 1.7
Accumulated deficit (678.9) (680.2)
Total stockholders’ equity 1,306.1 976.0
Total liabilities and stockholders’ equity $ 1,914.6 $ 1,632.5