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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 28, 2019
Dec. 28, 2018
Current assets:    
Cash and cash equivalents $ 168,128 $ 144,145
Accounts receivable, net of allowance of $267 and $123, respectively 98,306 106,956
Inventories 164,055 186,116
Prepaid expenses and other 24,102 25,708
Total current assets 454,591 462,925
Property and equipment, net 144,505 143,459
Goodwill 166,654 150,226
Purchased intangibles, net 190,500 193,507
Deferred tax assets, net 12,244 10,167
Operating lease right-of-use assets 34,721  
Other non-current assets 5,743 5,193
Total assets 1,008,958 965,477
Current liabilities:    
Bank borrowings 7,203 9,671
Accounts payable 97,288 99,011
Accrued compensation and related benefits 19,198 15,846
Operating lease liabilities 11,295  
Other current liabilities 19,985 14,770
Total current liabilities 154,969 139,298
Bank borrowings, net of current portion 330,895 331,549
Deferred tax liability 21,449 15,834
Operating lease liabilities 25,656  
Other non-current liabilities 21,501 27,808
Total liabilities 554,470 514,489
Commitments and contingencies (See Note 11)
Stockholders’ equity:    
Preferred stock — $0.001 par value, 10,000,000 authorized; none outstanding
Common stock — $0.001 par value, 90,000,000 authorized; 39,536,762 and 39,065,935 shares issued and outstanding, in 2019 and 2018, respectively 40 40
Additional paid-in capital 294,932 290,424
Common shares held in treasury, at cost, 601,944 shares in 2019 and 2018 (3,337) (3,337)
Retained earnings 150,121 149,718
Accumulated other comprehensive loss (2,655) (547)
Ultra Clean Holdings, Inc. stockholders' equity 439,101 436,298
Noncontrolling interest 15,387 14,690
Total stockholders’ equity 454,488 450,988
Total liabilities and stockholders’ equity $ 1,008,958 $ 965,477