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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 02, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 8,973 $ 56,466
Accounts receivable, net (allowance for credit losses of $1,487 and $1,552 at October 2, 2021 and December 31, 2020, respectively 69,805 58,025
Contract assets 182,759 154,028
Inventories 144,179 129,223
Production cost of contracts 7,630 6,971
Other current assets 7,595 5,571
Total Current Assets 420,941 410,284
Property and equipment, net of accumulated depreciation of $177,426 and $169,742 at October 2, 2021 and December 31, 2020, respectively 108,973 109,990
Operating Lease Right-of-Use Assets 17,052 16,348
Goodwill 170,830 170,830
Intangibles, Net 114,984 124,744
Deferred Income Taxes 33 33
Other Assets 4,970 5,118
Total Assets 837,783 837,347
Current Liabilities    
Accounts payable 65,275 63,980
Contract liabilities 23,274 28,264
Accrued and other liabilities 35,294 40,526
Operating lease liabilities 3,365 3,132
Current portion of long-term debt 7,000 7,000
Total Current Liabilities 134,208 142,902
Long-Term Debt, Less Current Portion 291,038 311,922
Non-Current Operating Lease Liabilities 14,801 14,555
Deferred Income Taxes 18,395 16,992
Other Long-Term Liabilities 20,393 21,642
Total Liabilities 478,835 508,013
Commitments and Contingencies
Shareholders’ Equity    
Common stock - $0.01 par value; 35,000,000 shares authorized; 11,922,399 and 11,728,212 shares issued and outstanding at October 2, 2021 and December 31, 2020, respectively 119 117
Additional paid-in capital 101,265 97,090
Retained earnings 266,429 241,727
Accumulated other comprehensive loss (8,865) (9,600)
Total Shareholders’ Equity 358,948 329,334
Total Liabilities and Shareholders’ Equity $ 837,783 $ 837,347