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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 30, 2022
Current assets:    
Cash and cash equivalents $ 322.1 $ 358.8
Accounts receivable, net of allowance for doubtful accounts of $0.9 and $1.5 at March 31, 2023 and December 30, 2022, respectively 190.3 253.7
Inventories 433.0 443.9
Prepaid expenses and other current assets 35.8 42.4
Total current assets 981.2 1,098.8
Property, plant and equipment, net 289.9 279.6
Goodwill 248.8 248.8
Intangible assets, net 182.0 187.9
Deferred tax assets, net 36.6 36.0
Operating lease right-of-use assets 114.8 99.0
Other non-current assets 12.6 10.8
Total assets 1,865.9 1,960.9
Current liabilities:    
Bank borrowings 22.7 20.8
Accounts payable 196.0 253.5
Accrued compensation and related benefits 37.8 52.5
Operating lease liabilities 17.4 17.1
Other current liabilities 39.8 45.3
Total current liabilities 313.7 389.2
Bank borrowings, net of current portion 470.0 493.0
Deferred tax liabilities 52.3 52.2
Operating lease liabilities 95.6 80.3
Other liabilities 9.3 9.2
Total liabilities 940.9 1,023.9
Commitments and contingencies (See Note 9)
UCT stockholders’ equity:    
Preferred stock - $0.001 par value, 10.0 authorized; none outstanding 0.0 0.0
Common stock - $ 0.001 par value, 90.0 authorized; 46.2 and 45.2 shares issued and 44.8 and 45.2 shares outstanding at March 31, 2023 and December 30, 2022,respectively 0.1 0.1
Additional paid-in capital 534.3 530.8
Common stock helds in treasury, at cost, 1.4 and 0.9 shares at March31,2023 and December 30, 2022, respectively (29.6) (15.4)
Retained earnings 374.4 377.8
Accumulated other comprehensive loss (8.5) (5.4)
Total UCT stockholders' equity 870.7 887.9
Noncontrolling interests 54.3 49.1
Total equity 925.0 937.0
Total liabilities and equity $ 1,865.9 $ 1,960.9