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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 29, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 329.3 $ 72.8
Accounts receivable, net 117.5 128.8
Unbilled receivables, net 206.3 200.4
Inventoried costs, net 162.1 156.2
Prepaid expenses 18.0 16.0
Other current assets 38.9 20.0
Total current assets 872.1 594.2
Property, plant and equipment, net 288.2 243.6
Operating lease right-of-use assets, net 37.6 45.7
Goodwill 568.9 569.1
Intangible assets, net 53.8 62.4
Other assets 130.3 117.5
Total assets 1,950.9 1,632.5
Current liabilities:    
Accounts payable 82.0 63.1
Accrued expenses 38.8 35.4
Accrued compensation 71.9 64.7
Billings in excess of costs and earnings on uncompleted contracts 76.3 101.8
Current portion of operating lease liabilities 11.3 12.1
Current portion of finance lease obligations 1.9 1.3
Other current liabilities 14.5 14.1
Total current liabilities 296.7 292.5
Long-term debt 174.6 219.3
Operating lease liabilities, net of current portion 29.8 37.8
Finance lease liabilities, net of current portion 64.4 50.9
Other long-term liabilities 32.2 33.5
Total liabilities 597.7 634.0
Commitments and contingencies (Note 14)
Redeemable noncontrolling interest 0.0 22.5
Stockholders’ equity:    
Preferred stock, $0.001 par value, 5,000,000 authorized, 0 shares issued and outstanding at December 29, 2024 and December 31, 2023 0.0 0.0
Common stock, $0.001 par value, 195,000,000 shares authorized; 151,092,292 and 129,286,964 shares issued and outstanding at December 29, 2024 and December 31, 2023, respectively 0.2 0.0
Additional paid-in capital 2,017.4 1,654.5
Accumulated other comprehensive income (0.5) 1.7
Accumulated deficit (663.9) (680.2)
Total stockholders’ equity 1,353.2 976.0
Total liabilities and stockholders’ equity $ 1,950.9 $ 1,632.5