XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 30, 2025
Dec. 29, 2024
Current assets:    
Cash and cash equivalents $ 263.7 $ 329.3
Accounts receivable, net 118.2 117.5
Unbilled receivables, net 244.3 206.3
Inventoried costs, net 176.0 162.1
Prepaid expenses 16.5 18.0
Other current assets 45.7 38.9
Total current assets 864.4 872.1
Property, plant and equipment, net 301.3 288.2
Operating lease right-of-use assets, net 41.5 37.6
Goodwill 597.4 568.9
Intangible assets, net 61.6 53.8
Other assets 138.7 130.3
Total assets 2,004.9 1,950.9
Current liabilities:    
Accounts payable 82.7 82.0
Accrued expenses 42.4 38.8
Accrued compensation 70.0 71.9
Billings in excess of costs and earnings on uncompleted contracts 82.0 76.3
Current portion of operating lease liabilities 12.0 11.3
Current portion of finance lease liabilities 2.0 1.9
Other current liabilities 13.8 14.5
Total current liabilities 304.9 296.7
Long-term debt, net of current portion 172.2 174.6
Operating lease liabilities, net of current portion 33.1 29.8
Finance lease liabilities, net of current portion 63.9 64.4
Other long-term liabilities 43.2 32.2
Total liabilities 617.3 597.7
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Preferred stock, $0.001 par value, 5,000,000 shares authorized, 0 shares issued and outstanding at March 30, 2025 and December 29, 2024 0.0 0.0
Common stock, $0.001 par value, 195,000,000 shares authorized; 153,349,134 and 151,092,292 shares issued and outstanding at March 30, 2025 and December 29, 2024, respectively 0.2 0.2
Additional paid-in capital 2,046.7 2,017.4
Accumulated other comprehensive income (loss) 0.1 (0.5)
Accumulated deficit (659.4) (663.9)
Total stockholders’ equity 1,387.6 1,353.2
Total liabilities and stockholders’ equity $ 2,004.9 $ 1,950.9