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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 26, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 157,268 $ 85,908
Accounts receivable, net 524,707 585,511
Prepaid expenses and other current assets 63,043 61,607
Total current assets 745,018 733,026
Property and equipment, net 36,600 27,615
Investments 15,407 18,272
Goodwill 593,171 590,668
Intangible assets, net 220,734 258,210
Operating lease right-of-use assets, net 192,638 191,370
Other noncurrent assets 14,928 10,209
Total assets 1,818,496 1,829,370
Current liabilities:    
Accounts payable 124,959 152,962
Accrued expenses 107,446 114,222
Customer advances and billings in excess of costs 106,221 106,475
Salaries, benefits and payroll taxes 153,229 145,186
Accrued taxes 12,132 15,582
Current portion of long-term debt, net 7,036 5,961
Operating lease liabilities, current portion 47,205 46,756
Other current liabilities 38,559 45,037
Total current liabilities 596,787 632,181
Deferred income taxes, net 11,006 4,389
Long-term debt, net 865,016 860,306
Long-term operating lease liabilities 150,280 145,569
Warrant liability 32,934 50,467
Other long-term liabilities 13,509 30,273
Total liabilities 1,669,532 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; 93,115,801 and 92,040,654 shares issued and outstanding as of September 26, 2021 and December 31, 2020, respectively 9 9
Additional paid-in capital 171,807 188,685
Accumulated deficit (59,098) (116,621)
Accumulated other comprehensive income 1,230 1,876
Total PAE Incorporated stockholders' equity 113,948 73,949
Noncontrolling interests 35,016 32,236
Total liabilities and stockholders’ equity $ 1,818,496 $ 1,829,370