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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 02, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 19,260 $ 76,316
Accounts receivable, net (allowance for credit losses of $791 and $1,098 at April 2, 2022 and December 31, 2021, respectively 82,804 72,261
Contract assets 187,171 176,405
Inventories 159,795 150,938
Production cost of contracts 7,862 8,024
Other current assets 8,783 8,625
Total Current Assets 465,675 492,569
Property and Equipment, Net of Accumulated Depreciation of $171,713 and $168,132 at April 2, 2022 and December 31, 2021, respectively 103,900 102,419
Operating Lease Right-of-Use Assets 38,860 33,265
Goodwill 203,694 203,694
Intangibles, Net 138,116 141,764
Other Assets 9,086 5,024
Total Assets 959,331 978,735
Current Liabilities    
Accounts payable 74,842 66,059
Contract liabilities 37,841 42,077
Accrued and other liabilities 31,917 41,291
Operating lease liabilities 7,028 6,133
Current portion of long-term debt 7,000 7,000
Total Current Liabilities 158,628 162,560
Long-Term Debt, Less Current Portion 247,729 279,384
Non-Current Operating Lease Liabilities 32,917 28,074
Deferred Income Taxes 18,820 18,727
Other Long-Term Liabilities 13,531 15,388
Total Liabilities 471,625 504,133
Commitments and Contingencies
Shareholders’ Equity    
Common Stock - $0.01 par value; 35,000,000 shares authorized; 12,032,945 and 11,925,087 shares issued and outstanding at April 2, 2022 and December 31, 2021, respectively 120 119
Additional Paid-In Capital 104,244 104,253
Retained Earnings 385,362 377,263
Accumulated Other Comprehensive Loss (2,020) (7,033)
Total Shareholders’ Equity 487,706 474,602
Total Liabilities and Shareholders’ Equity $ 959,331 $ 978,735