XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 27, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 94,710 $ 85,908
Accounts receivable, net 605,060 585,511
Prepaid expenses and other current assets 63,367 61,607
Total current assets 763,137 733,026
Property and equipment, net 38,229 27,615
Investments 20,361 18,272
Goodwill 593,171 590,668
Intangible assets, net 233,364 258,210
Operating lease right-of-use assets, net 195,245 191,370
Other noncurrent assets 12,938 10,209
Total assets 1,856,445 1,829,370
Current liabilities:    
Accounts payable 174,651 152,962
Accrued expenses 118,918 114,222
Customer advances and billings in excess of costs 88,903 106,475
Salaries, benefits and payroll taxes 145,905 145,186
Accrued taxes 11,689 15,582
Current portion of long-term debt, net 6,611 5,961
Operating lease liabilities, current portion 47,257 46,756
Other current liabilities 39,615 45,037
Total current liabilities 633,549 632,181
Deferred income taxes, net 10,324 4,389
Long-term debt, net 863,893 860,306
Long-term operating lease liabilities 150,824 145,569
Warrant liability 49,333 50,467
Other long-term liabilities 31,932 30,273
Total liabilities 1,739,855 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 June 27, 2021 and December 31, 2020, respectively 9 9
Additional paid-in capital 170,245 188,685
Accumulated deficit (88,887) (116,621)
Accumulated other comprehensive income 1,510 1,876
Total PAE Incorporated stockholders' equity 82,877 73,949
Noncontrolling interests 33,713 32,236
Total liabilities and stockholders’ equity $ 1,856,445 $ 1,829,370