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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 27, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 70,828 $ 39,584
Accounts receivable, net (allowance for credit losses of $1,318 and $1,321 at June 27, 2020 and December 31, 2019, respectively 67,518 67,133
Contract assets 122,877 106,670
Inventories 128,609 112,482
Production cost of contracts 7,351 9,402
Other current assets 4,548 5,497
Total Current Assets 401,731 340,768
Property and equipment, net of accumulated depreciation of $169,721 and $162,920 at June 27, 2020 and December 31, 2019, respectively 113,765 115,216
Operating Lease Right-of-Use Assets 17,789 19,105
Goodwill 170,907 170,917
Intangibles, Net 131,224 138,362
Deferred Income Taxes 59 55
Other Assets 6,162 6,006
Total Assets 841,637 790,429
Current Liabilities    
Accounts payable 69,068 82,597
Contract liabilities 27,082 14,517
Accrued and other liabilities 29,122 37,620
Operating lease liabilities 3,094 2,956
Current portion of long-term debt 7,000 7,000
Total Current Liabilities 135,366 144,690
Long-Term Debt, Less Current Portion 341,975 300,887
Non-Current Operating Lease Liabilities 16,155 17,565
Deferred Income Taxes 18,755 16,766
Other Long-Term Liabilities 19,779 17,721
Total Liabilities 532,030 497,629
Commitments and Contingencies (Notes 8, 10)
Shareholders’ Equity    
Common stock - $0.01 par value; 35,000,000 shares authorized; 11,683,131 and 11,572,668 shares issued and outstanding at June 27, 2020 and December 31, 2019, respectively 117 116
Additional paid-in capital 91,645 88,399
Retained earnings 225,573 212,553
Accumulated other comprehensive loss (7,728) (8,268)
Total Shareholders’ Equity 309,607 292,800
Total Liabilities and Shareholders’ Equity $ 841,637 $ 790,429