|
Condensed Consolidated Balance Sheet (Unaudited) (USD $) In Thousands, unless otherwise specified
|
Mar. 27, 2015
|
Dec. 31, 2014
|
| Current assets |
|
|
| Cash |
$ 28,749 |
$ 42,823 |
| Receivables |
212,321 |
202,732 |
| Costs incurred in excess of billings |
9,601 |
7,112 |
| Other current assets |
22,658 |
10,883 |
| Total current assets |
273,329 |
263,550 |
| Plant, property and equipment, net |
8,480 |
8,920 |
| Goodwill |
216,930 |
216,930 |
| Long-term debt issuance costs, net |
3,331 |
3,516 |
| Other non-current assets |
6,705 |
6,575 |
| Total non-current assets |
235,446 |
235,941 |
| Total Assets |
508,775 |
499,491 |
| Current liabilities |
|
|
| Accounts payable |
104,446 |
114,487 |
| Billings in excess of costs |
10,773 |
5,806 |
| Compensation and other employee benefits |
33,187 |
36,580 |
| Deferred tax liability |
24,610 |
25,414 |
| Short-term debt |
16,375 |
11,375 |
| Other accrued liabilities |
52,156 |
37,073 |
| Total current liabilities |
241,547 |
230,735 |
| Long-term debt |
121,000 |
126,000 |
| Deferred tax liability |
74,070 |
75,337 |
| Other non-current liabilities |
13,105 |
13,544 |
| Total non-current liabilities |
208,175 |
214,881 |
| Total liabilities |
449,722 |
445,616 |
| Commitments and contingencies (Note 14) |
|
|
| Shareholders' Equity |
|
|
| Preferred stock; $0.01 par value; 10,000,000 shares authorized; No shares issued and outstanding |
0 |
0 |
| Common stock; $0.01 par value; 100,000,000 shares authorized; 10,528,031 and 10,484,974 shares issued and outstanding |
105 |
105 |
| Additional paid in capital |
54,434 |
52,967 |
| Retained earnings |
8,296 |
3,331 |
| Accumulated other comprehensive loss |
(3,782) |
(2,528) |
| Total shareholders' equity |
59,053 |
53,875 |
| Total Liabilities and Shareholders' Equity |
$ 508,775 |
$ 499,491 |