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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 01, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 22,806 $ 46,246
Accounts receivable, net of allowance for credit losses of $1,062 and $589 at July 1, 2023 and December 31, 2022, respectively 95,382 103,958
Contract assets 189,836 191,290
Inventories 204,465 171,211
Production cost of contracts 5,536 5,693
Other current assets 11,098 8,938
Total Current Assets 529,123 527,336
Property and Equipment, Net of Accumulated Depreciation of $179,698 and $171,507 at July 1, 2023 and December 31, 2022, respectively 111,357 106,225
Operating Lease Right-of-Use Assets 36,759 34,632
Goodwill 244,575 203,407
Intangibles, Net 174,987 127,201
Other Assets 21,953 22,705
Total Assets 1,118,754 1,021,506
Current Liabilities    
Accounts payable 82,992 90,143
Contract liabilities 31,719 47,068
Accrued and other liabilities 38,111 48,820
Operating lease liabilities 8,165 7,155
Current portion of long-term debt 6,250 6,250
Total Current Liabilities 167,237 199,436
Long-Term Debt, Less Current Portion 271,460 240,595
Non-Current Operating Lease Liabilities 30,260 28,841
Deferred Income Taxes 12,231 13,953
Other Long-Term Liabilities 15,423 12,721
Total Liabilities 496,611 495,546
Commitments and Contingencies (Notes 9, 11)
Shareholders’ Equity    
Common Stock - $0.01 par value; 35,000,000 shares authorized; 14,569,589 and 12,106,285 shares issued and outstanding at July 1, 2023 and December 31, 2022, respectively 146 121
Additional Paid-In Capital 199,526 112,042
Retained Earnings 413,657 406,052
Accumulated Other Comprehensive Income 8,814 7,745
Total Shareholders’ Equity 622,143 525,960
Total Liabilities and Shareholders’ Equity $ 1,118,754 $ 1,021,506