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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 29, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 301,500,000 $ 72,800,000
Accounts receivable, net 112,700,000 128,800,000
Unbilled receivables, net 206,400,000 200,400,000
Inventoried costs 158,900,000 156,200,000
Prepaid expenses 37,200,000 16,000,000.0
Other current assets 21,700,000 20,000,000.0
Total current assets 838,400,000 594,200,000
Property, plant and equipment, net 280,500,000 243,600,000
Operating lease right-of-use assets 39,900,000 45,700,000
Goodwill 568,900,000 569,100,000
Intangible assets, net 55,900,000 62,400,000
Other assets 128,800,000 117,500,000
Total assets 1,912,400,000 1,632,500,000
Current liabilities:    
Accounts payable 61,000,000.0 63,100,000
Accrued expenses 39,900,000 35,400,000
Accrued compensation 60,600,000 64,700,000
Accrued interest 1,200,000 1,700,000
Billings in excess of costs and earnings on uncompleted contracts 61,900,000 101,800,000
Current portion of operating lease liabilities 11,600,000 12,100,000
Other current liabilities 24,300,000 13,700,000
Total current liabilities 260,500,000 292,500,000
Long-term debt, net of current portion 177,000,000.0 219,300,000
Operating lease liabilities, net of current portion 32,200,000 37,800,000
Other long-term liabilities 99,800,000 84,400,000
Total liabilities 569,500,000 634,000,000.0
Commitments and contingencies (Note 14)
Redeemable noncontrolling interest 0 22,500,000
Stockholders’ equity:    
Preferred stock, $0.001 par value, 5,000,000 shares authorized, 0 shares outstanding at September 29, 2024 and December 31, 2023 0 0
Common stock, $0.001 par value, 195,000,000 shares authorized; 151,015,662 and 129,286,964 shares issued and outstanding at September 29, 2024 and December 31, 2023, respectively 200,000 0
Additional paid-in capital 2,010,200,000 1,654,500,000
Accumulated other comprehensive income 300,000 1,700,000
Accumulated deficit (667,800,000) (680,200,000)
Total stockholders’ equity 1,342,900,000 976,000,000.0
Total liabilities and stockholders’ equity $ 1,912,400,000 $ 1,632,500,000