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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 29, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 99,790 $ 68,035
Accounts receivable, net 420,765 442,180
Prepaid expenses and other current assets 46,760 43,549
Total current assets 567,315 553,764
Property and equipment, net 28,079 30,404
Deferred income taxes, net 16,597 3,212
Investments 17,747 17,925
Goodwill 409,588 409,588
Purchased intangibles, net 172,417 180,464
Operating lease right-of-use assets, net 161,731 162,184
Other noncurrent assets 9,484 13,758
Total assets 1,382,958 1,371,299
Current liabilities:    
Accounts payable 122,126 124,661
Accrued expenses 100,456 102,315
Customer advances and billings in excess of costs 69,662 51,439
Salaries, benefits and payroll taxes 106,995 130,633
Accrued taxes 16,058 18,488
Current portion of long-term debt 22,894 22,007
Operating lease liabilities, current portion 35,324 36,997
Other current liabilities 32,703 30,893
Total current liabilities 506,218 517,433
Long-term debt, net 595,598 727,930
Long-term operating lease liabilities 130,426 129,244
Other long-term liabilities 7,397 8,601
Total liabilities 1,239,639 1,383,208
Stockholders' equity:    
Preferred stock, $0.0001 par value per share, 1,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.0001 par value per share: 210,000,000 shares authorized; 92,040,654 and 21,127,823 shares issued and outstanding as of March 29, 2020 and December 31, 2019, respectively 9 2
Additional paid-in capital 262,284 101,743
Accumulated deficit (150,314) (145,371)
Accumulated other comprehensive loss (829) (134)
Total PAE Incorporated stockholders' equity 111,150 (43,760)
Noncontrolling interests 32,169 31,851
Total liabilities and equity $ 1,382,958 $ 1,371,299