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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 02, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 37,519 $ 76,316
Accounts receivable, net (allowance for credit losses of $649 and $1,098 at July 2, 2022 and December 31, 2021, respectively 84,307 72,261
Contract assets 182,544 176,405
Inventories 164,191 150,938
Production cost of contracts 5,963 8,024
Other current assets 10,302 8,625
Total Current Assets 484,826 492,569
Property and Equipment, Net of Accumulated Depreciation of $175,465 and $168,132 at July 2, 2022 and December 31, 2021, respectively 105,360 102,419
Operating Lease Right-of-Use Assets 38,134 33,265
Goodwill 203,407 203,694
Intangibles, Net 134,478 141,764
Other Assets 12,843 5,024
Total Assets 979,048 978,735
Current Liabilities    
Accounts payable 83,161 66,059
Contract liabilities 36,721 42,077
Accrued and other liabilities 39,647 41,291
Operating lease liabilities 7,175 6,133
Current portion of long-term debt 7,000 7,000
Total Current Liabilities 173,704 162,560
Long-Term Debt, Less Current Portion 246,074 279,384
Non-Current Operating Lease Liabilities 32,391 28,074
Deferred Income Taxes 16,967 18,727
Other Long-Term Liabilities 13,367 15,388
Total Liabilities 482,503 504,133
Commitments and Contingencies
Shareholders’ Equity    
Common Stock - $0.01 par value; 35,000,000 shares authorized; 12,067,868 and 11,925,087 shares issued and outstanding at July 2, 2022 and December 31, 2021, respectively 121 119
Additional Paid-In Capital 106,301 104,253
Retained Earnings 389,509 377,263
Accumulated Other Comprehensive Income (Loss) 614 (7,033)
Total Shareholders’ Equity 496,545 474,602
Total Liabilities and Shareholders’ Equity $ 979,048 $ 978,735