XML 70 R57.htm IDEA: XBRL DOCUMENT v3.6.0.2
Restatement - Cash Flows (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended 18 Months Ended 21 Months Ended
Mar. 27, 2015
Dec. 31, 2015
Oct. 04, 2015
Jul. 04, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 28, 2014
Jun. 29, 2014
Oct. 04, 2015
Sep. 28, 2014
Dec. 31, 2015
Dec. 28, 2014
Mar. 31, 2015
Mar. 31, 2014
Sep. 28, 2014
Dec. 31, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]                                
Net income       $ 57,953       $ 82,831 $ 132,147 $ 174,701 $ 186,330 [1],[2] $ 217,706 $ 194,999 [1],[2] $ 117,205 [1],[2]    
Net income from discontinued operations       0       (53,825) 0 (107,720) (1,008) [2] (108,210) (125,049) [2] (181,463) [2]    
Income (loss) from continuing operations, before noncontrolling interest   $ 53,175 $ 74,194 57,953 $ (39,545) $ 42,514 $ 37,975 29,006 132,147 66,981 185,322 [1],[2] 109,496 69,950 [1],[2] (64,258) [1],[2] $ 66,981 $ 109,496
Depreciation       33,686       17,327 66,623 34,643 89,374 [2] 51,833 72,843 [2] 69,192 [2]    
Amortization of intangible assets       13,023       775 26,241 1,547 33,371 [2] 2,321 9,263 [2] 3,112 [2]    
Amortization of debt discount               1,927   3,212 0 [2] 3,212 3,212 [2] 7,364 [2]    
Amortization and write-off of deferred financing costs       1,021       1,174 11,211 2,698 12,666 [2] 3,887 5,157 [2] 10,222 [2]    
Fixed Asset impairment       3,576       2,113 5,871 4,479 7,619 [2] 8,597 17,559 [2] 23,369 [2]    
Goodwill impairment       0 34,300           0 [1],[2]   34,300 [1],[2] 3,700 [1],[2]    
Loss on the extinguishment of debt $ 26,626     0 26,626   0       0 [1],[2]   26,626 [1],[2] 0 [1],[2] 0  
Deferred income taxes       (9,741)       1,745 (3,546) (7,353) 57,587 [2] 34,086 12,378 [2] (113,001) [2]    
Forward loss [2]                     0   0 342,000    
Loss on disposal of property       93       771 802 1,008 11,197 [2] 1,319 2,114 [2] 594 [2]    
Share-based plans expense       9,003       3,861 15,049 7,927 19,589 [2] 12,005 25,325 [2] 12,701 [2]    
Excess tax benefits from share-based plans       (2,508)       (6,739) (4,460) (6,783) (4,997) [2] (6,983) (7,004) [2] (833) [2]    
Net receivables       (79,145)       (93,143) (94,316) (67,998) 16,839 [2] (103,987) 9,736 [2] 79,827 [2]    
Net inventories       13,838       (15,127) 20,797 4,847 (15,598) [2] (2,277) 13,570 [2] (63,437) [2]    
Accounts payable       9,739       52,300 64,703 54,635 (29,276) [2] 87,579 55,710 [2] (71,314) [2]    
Contract advances and allowances       4,984       (18,513) (18,353) (19,945) (1,152) [2] 4,197 (5,635) [2] (44,107) [2]    
Contract loss reserve       (9,075)       (14,985) (19,818) (34,076) (26,697) [2] (56,918) (74,468) [2] (45,060) [2]    
Accrued compensation       (26,942)       (32,340) 12,184 (36,126) (10,243) [2] (23,033) (31,293) [2] (16,362) [2]    
Contract-related liabilities       (46,373)         (82,077)   (19,435) [2]   94,520 [2] (13,725) [2]    
Pension and other postretirement benefits       23,376       13,813 17,303 5,365 (3,736) [2] (25,959) (41,569) [2] 70,750 [2]    
Other assets and liabilities       (7,529)       33,663 (20,384) 25,050 (19,028) [2] (54,924) (101,439) [2] (28,773) [2]    
Cash provided by operating activities of continuing operations       (11,021)       (22,372) 129,977 40,111 303,402 [2] 44,451 190,855 [2] 161,961 [2]    
Cash provided by operating activities of discontinued operations       0       (69,108) 0 (15,596) 0 [2] 109,735 120,476 [2] 226,060 [2]    
Cash provided by operating activities       (11,021)       (91,480) 129,977 24,515 303,402 [2] 154,186 311,331 [2] 388,021 [2]    
Capital expenditures       (26,180)       (18,473) (53,424) (39,346) (104,634) [2] (61,361) (112,704) [2] (105,730) [2]    
Cash acquired in Merger with Orbital       0             0 [2]   253,734 [2] 0 [2]    
Cash dividend (refunded to) received from Vista Outdoor, net of cash transferred to Vista Outdoor in conjunction with the Distribution of Sporting Group [2]                     (6,500)   188,878 0    
Proceeds from the disposition of property plant and equipment       6       2,153 13 2,158 40 [2] 2,158 2,290 [2] 5,488 [2]    
Cash (used for) provided by investing activities of continuing operations       (26,174)       (16,320) (53,411) (37,188) (111,094) [2] (59,203) 332,198 [2] (100,242) [2]    
Cash used for investing activities of discontinued operations       0       (11,013) 0 (20,337) 0 [2] (30,634) (30,585) [2] (1,341,747) [2]    
Cash (used for) provided by investing activities       (26,174)       (27,333) (53,411) (57,525) (111,094) [2] (89,837) 301,613 [2] (1,441,989) [2]    
Credit facility borrowings       225,000         480,000   745,000 [2]   878,000 [2] 280,000 [2]    
Credit facility payments       (225,000)         (430,000)   (745,000) [2]   (878,000) [2] (280,000) [2]    
Cash (used for) provided by financing activities of continuing operations       (52,463)       (15,329) (150,732) (190,325) (227,529) [2] (216,395) (737,317) [2] 903,254 [2]    
Effect of foreign currency exchange rate fluctuations on cash       0       249 0 (629) 0 [2] (1,666) (3,006) [2] 58 [2]    
Decrease in cash and cash equivalents       (89,658)       (133,893) (74,166) (223,964) (35,221) [2] (153,712) (127,379) [2] (150,656) [2]    
Cash and cash equivalents at beginning of period   65,087 49,595 139,253 [2],[3]   42,668 132,739 266,632 [2] 139,253 [2],[3] 266,632 [2] 139,253 [2],[3] 266,632 [2] 266,632 [2] 417,288 [2] 417,288 [2] 417,288 [2]
Cash and cash equivalents at end of period   104,032 [2],[3] 65,087   139,253 [2],[3]   42,668 132,739 65,087 42,668 104,032 [2],[3] 112,920 139,253 [2],[3] 266,632 [2] 42,668  
As Reported                                
Error Corrections and Prior Period Adjustments Restatement [Line Items]                                
Net income       72,870       85,667 139,419 180,857 182,573 226,644 202,583 341,086    
Net income from discontinued operations       0       (53,825) 0 (107,720) (1,008) (108,210) (125,049) (181,463)    
Income (loss) from continuing operations, before noncontrolling interest   53,108 66,549 72,870 (40,899) 45,296 41,295 31,842 139,419 73,137 181,565 118,434 77,534 159,623 73,137 118,434
Depreciation       31,955       17,644 63,057 35,317 90,507 54,221 75,764 69,192    
Amortization of intangible assets       13,023       775 26,241 1,547 33,371 2,321 9,263 3,112    
Amortization of debt discount               1,927   3,212   3,212 3,212 7,364    
Amortization and write-off of deferred financing costs       1,021       1,174 11,211 2,698 12,666 3,887 5,157 10,222    
Fixed Asset impairment       0       0 0 0 0 0 0 0    
Goodwill impairment       0 34,300               34,300 0    
Loss on the extinguishment of debt     0 0 26,626   0           26,626   0  
Deferred income taxes       (422)       1,745 (2,076) (7,353) 51,295 34,086 (6,119) 6,828    
Forward loss                           0    
Loss on disposal of property       93       771 802 1,008 11,197 1,319 2,114 594    
Share-based plans expense       9,003       3,861 15,049 7,927 19,589 12,005 25,325 12,701    
Excess tax benefits from share-based plans       (2,508)       (6,739) (4,460) (6,783) (4,997) (6,983) (7,004) (833)    
Net receivables       (97,782)       (110,743) (89,119) (107,869) 5,122 (168,627) (55,243) 5,533    
Net inventories       13,838       (15,127) 20,797 4,847 (15,598) (2,277) 13,570 (63,437)    
Accounts payable       9,739       52,300 64,703 54,635 (29,276) 87,579 55,710 (71,314)    
Contract advances and allowances       4,984       14,245 (18,353) 12,813 (1,152) 36,955 27,123 (39,465)    
Contract loss reserve       0       0 0 0 0 0 0 0    
Accrued compensation       (26,942)       (32,340) 12,184 (36,126) (10,243) (23,033) (39,950) (16,362)    
Contract-related liabilities       (42,654)         (89,167)   (16,408)   93,298 (13,725)    
Pension and other postretirement benefits       23,376       13,813 17,303 5,365 (3,736) (25,959) (41,569) 70,750    
Other assets and liabilities       (20,615)       2,480 (37,614) (4,264) (20,500) (82,689) (108,256) 21,178    
Cash provided by operating activities of continuing operations       (11,021)       (22,372) 129,977 40,111 303,402 44,451 190,855 161,961    
Cash provided by operating activities of discontinued operations       0       (69,108) 0 (15,596) 0 109,735 120,476 226,060    
Cash provided by operating activities       (11,021)       (91,480) 129,977 24,515 303,402 154,186 311,331 388,021    
Capital expenditures       (26,180)       (18,473) (53,424) (39,346) (104,634) (61,361) (112,704) (105,730)    
Cash acquired in Merger with Orbital       0                 253,734      
Cash dividend (refunded to) received from Vista Outdoor, net of cash transferred to Vista Outdoor in conjunction with the Distribution of Sporting Group                     (6,500)   188,878      
Proceeds from the disposition of property plant and equipment       6       2,153 13 2,158 40 2,158 2,290 5,488    
Cash (used for) provided by investing activities of continuing operations       (26,174)       (16,320) (53,411) (37,188) (111,094) (59,203) 332,198 (100,242)    
Cash used for investing activities of discontinued operations       0       (11,013) 0 (20,337) 0 (30,634) (30,585) (1,341,747)    
Cash (used for) provided by investing activities       (26,174)       (27,333) (53,411) (57,525) (111,094) (89,837) 301,613 (1,441,989)    
Credit facility borrowings       325,000         775,000   1,040,000   798,000      
Credit facility payments       (325,000)         (725,000)   (1,040,000)   (798,000)      
Cash (used for) provided by financing activities of continuing operations       (52,463)       (15,329) (150,732) (190,325) (227,529) (216,395) (737,317) 903,254    
Effect of foreign currency exchange rate fluctuations on cash       0       249 0 (629) 0 (1,666) (3,006) 58    
Decrease in cash and cash equivalents       (89,658)       (133,893) (74,166) (223,964) (35,221) (153,712) (127,379) (150,656)    
Cash and cash equivalents at beginning of period   65,087 49,595 139,253   42,668 132,739 266,632 139,253 266,632 139,253 266,632 266,632 417,288 417,288 417,288
Cash and cash equivalents at end of period   104,032 65,087   139,253   42,668 132,739 65,087 42,668 104,032 112,920 139,253 266,632 42,668  
Adjustments                                
Error Corrections and Prior Period Adjustments Restatement [Line Items]                                
Net income       (14,917)       (2,836) (7,272) (6,156) 3,757 (8,938) (7,584) (223,881)    
Net income from discontinued operations       0       0 0 0 0 0 0 0    
Income (loss) from continuing operations, before noncontrolling interest   67   (14,917) 1,354 (2,782) (3,320) (2,836) (7,272) (6,156) 3,757 (8,938) (7,584) (223,881) (6,156) (8,938)
Depreciation       1,731       (317) 3,566 (674) (1,133) (2,388) (2,921) 0    
Amortization of intangible assets       0       0 0 0 0 0 0 0    
Amortization of debt discount               0   0   0 0 0    
Amortization and write-off of deferred financing costs       0       0 0 0 0 0 0 0    
Fixed Asset impairment       3,576       2,113 5,871 4,479 7,619 8,597 17,559 23,369    
Goodwill impairment         0               0 3,700    
Loss on the extinguishment of debt         0   0           0   0  
Deferred income taxes       (9,319)       0 (1,470) 0 6,292 0 18,497 (119,829)    
Forward loss                           342,000    
Loss on disposal of property       0       0 0 0 0 0 0 0    
Share-based plans expense       0       0 0 0 0 0 0 0    
Excess tax benefits from share-based plans       0       0 0 0 0 0 0 0    
Net receivables       18,637       17,600 (5,197) 39,871 11,717 64,640 64,979 74,294    
Net inventories       0       0 0 0 0 0 0 0    
Accounts payable       0       0 0 0 0 0 0 0    
Contract advances and allowances       0       (32,758) 0 (32,758) 0 (32,758) (32,758) (4,642)    
Contract loss reserve       (9,075)       (14,985) (19,818) (34,076) (26,697) (56,918) (74,468) (45,060)    
Accrued compensation       0       0 0 0 0 0 8,657 0    
Contract-related liabilities       (3,719)         7,090   (3,027)   1,222 0    
Pension and other postretirement benefits       0       0 0 0 0 0 0 0    
Other assets and liabilities       13,086       31,183 17,230 29,314 1,472 27,765 6,817 (49,951)    
Cash provided by operating activities of continuing operations       0       0 0 0 0 0 0 0    
Cash provided by operating activities of discontinued operations       0       0 0 0 0 0 0 0    
Cash provided by operating activities       0       0 0 0 0 0 0 0    
Capital expenditures       0       0 0 0 0 0 0 0    
Cash acquired in Merger with Orbital       0                 0      
Cash dividend (refunded to) received from Vista Outdoor, net of cash transferred to Vista Outdoor in conjunction with the Distribution of Sporting Group                     0   0      
Proceeds from the disposition of property plant and equipment       0       0 0 0 0 0 0 0    
Cash (used for) provided by investing activities of continuing operations       0       0 0 0 0 0 0 0    
Cash used for investing activities of discontinued operations       0       0 0 0 0 0 0 0    
Cash (used for) provided by investing activities       0       0 0 0 0 0 0 0    
Credit facility borrowings       (100,000)         (295,000)   (295,000)   80,000      
Credit facility payments       100,000         295,000   295,000   (80,000)      
Cash (used for) provided by financing activities of continuing operations       0       0 0 0 0 0 0 0    
Effect of foreign currency exchange rate fluctuations on cash       0       0 0 0 0 0 0 0    
Decrease in cash and cash equivalents       0       0 0 0 0 0 0 0    
Cash and cash equivalents at beginning of period   0 0 0   $ 0 0 0 0 0 0 0 0 0 0 $ 0
Cash and cash equivalents at end of period   0 0   $ 0   $ 0 $ 0 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0  
First Restatement Adjustments | Adjustments                                
Error Corrections and Prior Period Adjustments Restatement [Line Items]                                
Income (loss) from continuing operations, before noncontrolling interest     8,673 (19,635)         (10,962)              
Goodwill impairment       0                        
Loss on the extinguishment of debt     0 0                        
Cash and cash equivalents at beginning of period   0                            
Cash and cash equivalents at end of period     0           0              
Second Restatement Adjustments | Adjustments                                
Error Corrections and Prior Period Adjustments Restatement [Line Items]                                
Income (loss) from continuing operations, before noncontrolling interest     (1,028) 4,718         3,690              
Goodwill impairment       0                        
Loss on the extinguishment of debt     0 $ 0                        
Cash and cash equivalents at beginning of period   $ 0                            
Cash and cash equivalents at end of period     $ 0           $ 0              
[1] See Note 2 - Restatement
[2] See Note 2 - Restatement
[3] See Note 2 - Restatement