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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 113,679 $ 11,530
Accounts receivable, net 47,768 55,220
Contract assets 122,154 107,222
Inventory 10,417 9,883
Prepaid and other current assets 7,522 17,856
Total current assets 301,540 201,711
Property, plant and equipment 93,098 87,832
Less accumulated depreciation (29,734) (26,952)
Net property, plant and equipment 63,364 60,880
Goodwill 225,146 225,146
Intangible assets, net 204,575 208,952
Operating lease right-of-use assets 5,721 6,071
Finance lease right-of-use assets 67,852 70,013
Other assets 7,195 1,187
Total other assets 510,489 511,369
Total assets 875,393 773,960
Current liabilities    
Accounts payable 25,445 28,296
Accrued payroll and related expenses 8,289 11,249
Contract Liabilities 26,001 29,868
Short term operating lease liabilities 1,468 1,533
Short term finance lease liabilities 4,043 3,980
Short term notes payable, net of debt issuance costs 7,140 7,140
Income taxes payable 16,817 20,054
Other current liabilities 1,062 12,487
Total current liabilities 90,265 114,607
Long-term liabilities    
Revolving line of credit 0 25,000
Long-term notes payable, net of current portion and net of debt issuance costs 325,419 326,920
Noncurrent operating lease liabilities, net of current portion 5,037 5,338
Noncurrent finance lease liabilities, net of current portion 76,565 77,957
Other liabilities 2,746 2,772
Deferred tax liabilities 26,443 25,370
Total long-term liabilities 436,210 463,357
Total liabilities 526,475 577,964
Equity:    
Preferred stock, $0.001 par value; authorized - 100,000,000 shares; issued and outstanding - none 0 0
Common stock; $0.001 par value; authorized - 1,000,000,000 shares; issued and outstanding - 132,174,593 and none, respectively 132 0
Additional paid in capital 361,846 204,258
Accumulated other comprehensive income 75 75
Accumulated deficit (13,135) (8,337)
Stockholders' equity and members' equity, respectively 348,918 195,996
Total liabilities and equity $ 875,393 $ 773,960