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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 01, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 17,115 $ 46,246
Accounts receivable, net of allowance for credit losses of $905 and $589 at April 1, 2023 and December 31, 2022, respectively 95,774 103,958
Contract assets 194,316 191,290
Inventories 193,999 171,211
Production cost of contracts 5,368 5,693
Other current assets 8,803 8,938
Total Current Assets 515,375 527,336
Property and Equipment, Net of Accumulated Depreciation of $175,670 and $171,507 at April 1, 2023 and December 31, 2022, respectively 107,038 106,225
Operating Lease Right-of-Use Assets 37,204 34,632
Goodwill 203,407 203,407
Intangibles, Net 123,576 127,201
Other Assets 19,478 22,705
Total Assets 1,006,078 1,021,506
Current Liabilities    
Accounts payable 98,879 90,143
Contract liabilities 39,682 47,068
Accrued and other liabilities 28,800 48,820
Operating lease liabilities 7,745 7,155
Current portion of long-term debt 6,250 6,250
Total Current Liabilities 181,356 199,436
Long-Term Debt, Less Current Portion 239,128 240,595
Non-Current Operating Lease Liabilities 30,831 28,841
Deferred Income Taxes 12,250 13,953
Other Long-Term Liabilities 14,129 12,721
Total Liabilities 477,694 495,546
Commitments and Contingencies (Notes 8, 10)
Shareholders’ Equity    
Common Stock - $0.01 par value; 35,000,000 shares authorized; 12,231,704 and 12,106,285 shares issued and outstanding at April 1, 2023 and December 31, 2022, respectively 122 121
Additional Paid-In Capital 111,322 112,042
Retained Earnings 411,283 406,052
Accumulated Other Comprehensive Income 5,657 7,745
Total Shareholders’ Equity 528,384 525,960
Total Liabilities and Shareholders’ Equity $ 1,006,078 $ 1,021,506