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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 26, 2020
Dec. 27, 2019
Current assets:    
Cash and cash equivalents $ 214.4 $ 162.5
Accounts receivable, net of allowance for doubtful accounts of $0.2 at June 26, 2020 and $0.3 at December 27, 2019 138.9 112.7
Inventories 193.8 172.4
Prepaid expenses and other current assets 18.7 19.4
Total current assets 565.8 467.0
Property, plant and equipment, net 148.1 145.3
Goodwill 171.1 171.1
Intangibles assets, net 170.4 180.3
Deferred tax assets, net 15.5 15.5
Operating lease right-of-use assets 38.9 34.9
Other non-current assets 5.0 5.2
Total assets 1,114.8 1,019.3
Current liabilities:    
Bank borrowings 7.7 8.8
Accounts payable 140.1 133.1
Accrued compensation and related benefits 27.7 24.8
Operating lease liabilities 12.1 13.2
Other current liabilities 39.3 30.7
Total current liabilities 226.9 210.6
Bank borrowings, net of current portion 322.1 283.4
Deferred tax liabilities 25.2 25.2
Operating lease liabilities 33.4 28.8
Other liabilities 19.0 18.8
Total liabilities 626.6 566.8
Commitments and contingencies (See Note 9)
UCT stockholders’ equity:    
Preferred stock — $0.001 par value, 10.0 shares authorized; none outstanding
Common stock — $0.001 par value, 90.0 shares authorized; 40.3 shares and 39.9 shares issued and outstanding at June 26, 2020 and December 27, 2019, respectively 0.1 0.1
Additional paid-in capital 306.0 300.9
Common shares held in treasury, at cost, 0.6 shares at June 26, 2020 and December 27, 2019 (3.3) (3.3)
Retained earnings 171.0 140.3
Accumulated other comprehensive loss (3.3) (1.3)
Total UCT stockholders' equity 470.5 436.7
Noncontrolling interests 17.7 15.8
Total equity 488.2 452.5
Total liabilities and equity $ 1,114.8 $ 1,019.3