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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 28, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 65,599 $ 39,584
Accounts receivable, net (allowance for credit losses of $1,418 and $1,321 at March 28, 2020 and December 31, 2019, respectively) 81,627 67,133
Contract assets 117,213 106,670
Inventories 119,751 112,482
Production cost of contracts 7,859 9,402
Other current assets 4,733 5,497
Total Current Assets 396,782 340,768
Property and Equipment, Net of Accumulated Depreciation of $158,711 and $162,920 at March 28, 2020 and December 31, 2019, respectively 114,732 115,216
Operating Lease Right-of-Use Assets 18,519 19,105
Goodwill 170,890 170,917
Intangibles, Net 134,532 138,362
Non-Current Deferred Income Taxes 60 55
Other Assets 6,322 6,006
Total Assets 841,837 790,429
Current Liabilities    
Accounts payable 76,970 82,597
Contract liabilities 27,878 14,517
Accrued and other liabilities 28,048 37,620
Operating lease liabilities 3,049 2,956
Current portion of long-term debt 7,000 7,000
Total Current Liabilities 142,945 144,690
Long-Term Debt, Less Current Portion 343,625 300,887
Non-Current Operating Lease Liabilities 16,937 17,565
Non-Current Deferred Income Taxes 18,147 16,766
Other Long-Term Liabilities 17,756 17,721
Total Liabilities 539,410 497,629
Commitments and Contingencies (Notes 9, 11)
Shareholders’ Equity    
Common stock - $0.01 par value; 35,000,000 shares authorized; 11,648,617 and 11,572,668 shares issued and outstanding at March 28, 2020 and December 31, 2019, respectively 116 116
Additional paid-in capital 89,820 88,399
Retained earnings 220,483 212,553
Accumulated other comprehensive loss (7,992) (8,268)
Total Shareholders’ Equity 302,427 292,800
Total Liabilities and Shareholders’ Equity $ 841,837 $ 790,429