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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 27, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 145,446 $ 68,035
Accounts receivable, net 445,429 442,180
Prepaid expenses and other current assets 44,363 43,549
Total current assets 635,238 553,764
Property and equipment, net 25,696 30,404
Deferred income taxes, net 13,419 3,212
Investments 18,961 17,925
Goodwill 409,588 409,588
Intangible assets, net 156,323 180,464
Operating lease right-of-use assets, net 159,975 162,184
Other noncurrent assets 9,762 13,758
Total assets 1,428,962 1,371,299
Current liabilities:    
Accounts payable 140,515 124,661
Accrued expenses 103,025 102,315
Customer advances and billings in excess of costs 60,390 51,439
Salaries, benefits and payroll taxes 141,537 130,633
Accrued taxes 13,604 18,488
Current portion of long-term debt, net 23,044 22,007
Operating lease liabilities, current portion 40,979 36,997
Other current liabilities 31,528 30,893
Total current liabilities 554,622 517,433
Long-term debt, net 584,038 727,930
Long-term operating lease liabilities 120,883 129,244
Other long-term liabilities 7,410 8,601
Total liabilities 1,266,953 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 September 27, 2020 and December 31, 2019, respectively 9 2
Additional paid-in capital 250,805 101,743
Accumulated deficit (123,975) (145,371)
Accumulated other comprehensive income (loss) 153 (134)
Total PAE Incorporated stockholders' equity 126,992 (43,760)
Noncontrolling interests 35,017 31,851
Total liabilities and equity $ 1,428,962 $ 1,371,299