Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands |
Apr. 01, 2022 |
Dec. 31, 2021 |
| Current assets |
|
|
| Cash and cash equivalents |
$ 22,999
|
$ 38,513
|
| Receivables |
377,571
|
348,605
|
| Prepaid expenses |
25,923
|
21,160
|
| Other current assets |
11,083
|
15,062
|
| Total current assets |
437,576
|
423,340
|
| Property, plant, and equipment, net |
24,049
|
23,758
|
| Goodwill |
321,734
|
321,734
|
| Intangible assets, net |
64,281
|
66,582
|
| Right-of-use assets |
42,074
|
43,651
|
| Other non-current assets |
9,876
|
10,394
|
| Total non-current assets |
462,014
|
466,119
|
| Total Assets |
899,590
|
889,459
|
| Current liabilities |
|
|
| Accounts payable |
234,713
|
212,533
|
| Compensation and other employee benefits |
59,059
|
80,284
|
| Short-term debt |
10,400
|
10,400
|
| Other accrued liabilities |
55,421
|
55,031
|
| Total current liabilities |
359,593
|
358,248
|
| Long-term debt, net |
108,392
|
94,246
|
| Deferred tax liability |
32,620
|
32,214
|
| Operating lease liability |
33,167
|
34,536
|
| Other non-current liabilities |
11,643
|
20,128
|
| Total non-current liabilities |
185,822
|
181,124
|
| Total liabilities |
545,415
|
539,372
|
| Commitments and contingencies (Note 10) |
|
|
| Shareholders' Equity |
|
|
| Preferred stock; $0.01 par value; 10,000 shares authorized; No shares issued and outstanding |
0
|
0
|
| Common stock; $0.01 par value; 100,000 shares authorized; 11,805 and 11,738 shares issued and outstanding as of April 1, 2022 and December 31, 2021, respectively |
118
|
117
|
| Additional paid in capital |
89,590
|
88,116
|
| Retained earnings |
270,609
|
267,754
|
| Accumulated other comprehensive loss |
(6,142)
|
(5,900)
|
| Total shareholders' equity |
354,175
|
350,087
|
| Total Liabilities and Shareholders' Equity |
$ 899,590
|
$ 889,459
|