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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 29, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 29,405 $ 42,863
Accounts receivable, net of allowance for credit losses of $2,363 and $2,006 at June 29, 2024 and December 31, 2023, respectively 106,585 104,692
Contract assets 210,314 177,686
Inventories 201,831 199,201
Production cost of contracts 6,181 7,778
Other current assets 14,398 17,349
Total Current Assets 568,714 549,569
Property and Equipment, Net of Accumulated Depreciation of $188,260 and $181,412 at June 29, 2024 and December 31, 2023, respectively 111,299 111,379
Operating Lease Right-of-Use Assets 27,128 29,513
Goodwill 244,600 244,600
Intangibles, Net 157,967 166,343
Deferred Income Taxes 641 641
Other Assets 21,151 18,874
Total Assets 1,131,500 1,120,919
Current Liabilities    
Accounts payable 76,810 72,265
Contract liabilities 50,034 53,492
Accrued and other liabilities 40,293 42,260
Operating lease liabilities 7,943 7,873
Current portion of long-term debt 10,938 7,813
Total Current Liabilities 186,018 183,703
Long-Term Debt, Less Current Portion 250,896 256,961
Non-Current Operating Lease Liabilities 20,414 22,947
Deferred Income Taxes 2,945 4,766
Other Long-Term Liabilities 15,328 16,448
Total Liabilities 475,601 484,825
Commitments and Contingencies (Notes 10, 12)
Shareholders’ Equity    
Common Stock - $0.01 par value; 35,000,000 shares authorized; 14,746,921 and 14,600,766 shares issued and outstanding at June 29, 2024 and December 31, 2023, respectively 147 146
Additional Paid-In Capital 208,930 206,197
Retained Earnings 436,553 421,980
Accumulated Other Comprehensive Income 10,269 7,771
Total Shareholders’ Equity 655,899 636,094
Total Liabilities and Shareholders’ Equity $ 1,131,500 $ 1,120,919