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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 28, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 118,150 $ 85,908
Accounts receivable, net 562,398 585,511
Prepaid expenses and other current assets 69,902 61,607
Total current assets 750,450 733,026
Property and equipment, net 27,652 27,615
Investments 19,400 18,272
Goodwill 591,209 590,668
Intangible assets, net 245,995 258,210
Operating lease right-of-use assets, net 183,276 191,370
Other noncurrent assets 10,283 10,209
Total assets 1,828,265 1,829,370
Current liabilities:    
Accounts payable 177,911 152,962
Accrued expenses 121,274 114,222
Customer advances and billings in excess of costs 74,197 106,475
Salaries, benefits and payroll taxes 158,841 145,186
Accrued taxes 15,186 15,582
Current portion of long-term debt, net 5,920 5,961
Operating lease liabilities, current portion 47,163 46,756
Other current liabilities 42,393 45,037
Total current liabilities 642,885 632,181
Deferred income taxes, net 6,587 4,389
Long-term debt, net 861,057 860,306
Long-term operating lease liabilities 136,473 145,569
Warrant liability 49,267 50,467
Other long-term liabilities 32,441 30,273
Total liabilities 1,728,710 1,723,185
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; 93,069,815 and 92,040,654 shares issued and outstanding as of March 28, 2021 and December 31, 2020, respectively 9 9
Additional paid-in capital 167,898 188,685
Accumulated deficit (103,237) (116,621)
Accumulated other comprehensive income 881 1,876
Total PAE Incorporated stockholders' equity 65,551 73,949
Noncontrolling interests 34,004 32,236
Total liabilities and stockholders’ equity $ 1,828,265 $ 1,829,370