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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 03, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 12,002 $ 56,466
Accounts receivable, net (allowance for credit losses of $1,478 and $1,552 at July 3, 2021 and December 31, 2020, respectively 66,745 58,025
Contract assets 172,938 154,028
Inventories 144,604 129,223
Production cost of contracts 8,026 6,971
Other current assets 6,313 5,571
Total Current Assets 410,628 410,284
Property and equipment, net of accumulated depreciation of $174,411 and $169,742 at July 3, 2021 and December 31, 2020, respectively 109,046 109,990
Operating Lease Right-of-Use Assets 14,957 16,348
Goodwill 170,830 170,830
Intangibles, Net 118,237 124,744
Deferred Income Taxes 33 33
Other Assets 5,348 5,118
Total Assets 829,079 837,347
Current Liabilities    
Accounts payable 66,545 63,980
Contract liabilities 21,870 28,264
Accrued and other liabilities 35,153 40,526
Operating lease liabilities 3,043 3,132
Current portion of long-term debt 7,000 7,000
Total Current Liabilities 133,611 142,902
Long-Term Debt, Less Current Portion 297,691 311,922
Non-Current Operating Lease Liabilities 13,078 14,555
Deferred Income Taxes 17,994 16,992
Other Long-Term Liabilities 21,235 21,642
Total Liabilities 483,609 508,013
Commitments and Contingencies
Shareholders’ Equity    
Common stock - $0.01 par value; 35,000,000 shares authorized; 11,894,807 and 11,728,212 shares issued and outstanding at July 3, 2021 and December 31, 2020, respectively 119 117
Additional paid-in capital 97,616 97,090
Retained earnings 256,845 241,727
Accumulated other comprehensive loss (9,110) (9,600)
Total Shareholders’ Equity 345,470 329,334
Total Liabilities and Shareholders’ Equity $ 829,079 $ 837,347