Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 27, 2024	Dec. 29, 2023
Current assets:
Cash and cash equivalents	$ 318.2	$ 307.0
Accounts receivable, net of allowance for credit losses of $2.1 and $1.0 at September 27, 2024 and December 29, 2023, respectively	228.1	180.8
Inventories	402.6	374.5
Prepaid expenses and other current assets	36.9	30.9
Total current assets	985.8	893.2
Property, plant and equipment, net	327.7	328.3
Goodwill	265.3	265.2
Intangible assets, net	192.4	215.3
Deferred tax assets, net	3.6	3.1
Operating lease right-of-use assets	162.2	151.7
Other non-current assets	10.5	10.9
Total assets	1,947.5	1,867.7
Current liabilities:
Bank borrowings	16.4	17.6
Accounts payable	233.2	192.9
Accrued compensation and related benefits	47.9	47.7
Operating lease liabilities	19.0	18.1
Other current liabilities	42.3	33.7
Total current liabilities	358.8	310.0
Bank borrowings, net of current portion	475.8	461.2
Deferred tax liabilities	18.9	19.0
Operating lease liabilities	155.6	143.0
Other liabilities	16.0	37.3
Total liabilities	1,025.1	970.5
Commitments and contingencies (See Note 9)
UCT stockholders’ equity:
Preferred stock — $0.001 par value, 10.0 shares authorized; none outstanding	0.0	0.0
Common stock — $0.001 par value, 90.0 shares authorized; 46.6 and 46.1 shares issued and 45.1 and 44.6 shares outstanding at September 27, 2024 and December 29, 2023, respectively	0.1	0.1
Additional paid-in capital	552.6	541.5
Common shares held in treasury, at cost, 1.5 and 1.5 shares at September 27, 2024 and December 29, 2023, respectively	(45.0)	(45.0)
Retained earnings	354.1	346.7
Accumulated other comprehensive loss	(3.9)	(4.4)
Total UCT stockholders' equity	857.9	838.9
Noncontrolling interests	64.5	58.3
Total equity	922.4	897.2
Total liabilities and equity	$ 1,947.5	$ 1,867.7