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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 25, 2020
Current assets:    
Cash and cash equivalents $ 466.5 $ 200.3
Accounts receivable, net of allowance for doubtful accounts of $0.3 at December 31, 2021 and December 25, 2020 250.1 145.5
Inventories 379.2 180.4
Prepaid expenses and other current assets 41.3 18.9
Total current assets 1,137.1 545.1
Property, plant and equipment, net 242.3 159.2
Goodwill 270.0 171.1
Intangible assets, net 245.7 160.5
Deferred tax assets, net 37.6 23.5
Operating lease right-of-use assets 83.4 37.8
Other non-current assets 9.3 5.3
Total assets 2,025.4 1,102.5
Current liabilities:    
Bank borrowings 22.1 7.4
Accounts payable 332.9 121.3
Accrued compensation and related benefits 46.8 34.5
Operating lease liabilities 17.3 11.7
Other current liabilities 50.0 26.3
Total current liabilities 469.1 201.2
Bank borrowings, net of current portion 529.9 261.6
Deferred tax liabilities 54.9 33.6
Operating lease liabilities 65.9 31.1
Other liabilities 12.9 23.8
Total liabilities 1,132.7 551.3
Commitments and contingencies (See Note 9)
UCT stockholders’ equity:    
Preferred stock — $0.001 par value, 10.0 authorized; none outstanding
Common stock — $0.001 par value, 90.0 authorized; 44.9 and 40.6 shares issued and outstanding at December 31, 2021 and December 25, 2020, respectively 0.1 0.1
Additional paid-in capital 514.9 312.8
Common shares held in treasury, at cost, 0.6 shares at December 31, 2021 and December 25, 2020 (3.3) (3.3)
Retained earnings 337.4 217.9
Accumulated other comprehensive income (loss) (0.2) 5.1
Total UCT stockholders' equity 848.9 532.6
Noncontrolling interests 43.8 18.6
Total equity 892.7 551.2
Total liabilities and equity $ 2,025.4 $ 1,102.5