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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 28, 2024
Dec. 30, 2023
Current assets    
Cash and cash equivalents $ 158.5 $ 163.0
Trade accounts receivable, net of allowance for credit losses of $6.0 million and $4.8 million at September 28, 2024 and December 30, 2023, respectively [1] 371.0 355.5
Inventories 569.9 545.0
Other current assets 180.5 168.4
Total current assets 1,279.9 1,231.9
Lease receivable, non-current 64.2 71.4
Deferred costs and other contract assets 59.6 57.3
Property and equipment, net 417.9 424.4
Finite-lived intangible assets, net 405.2 419.9
Trademarks - (Note 9) 235.6 232.4
Goodwill 412.5 407.7
Deferred tax assets 107.1 107.2
Other non-current assets 105.8 89.3
Total assets 3,087.8 3,041.5
Current liabilities    
Accounts payable 280.8 251.5
Accrued compensation 76.0 62.6
Deferred revenue and other contract liabilities, current 84.5 87.3
Other current liabilities 196.3 162.4
Total current liabilities 637.6 563.8
Long-term debt 733.2 871.7
Deferred tax liabilities 111.3 111.7
Other non-current liabilities 142.5 129.5
Total liabilities 1,624.6 1,676.7
Commitments and contingencies - (Note 24)
Stockholders’ equity    
Preferred stock, $0.001 par value; 5.0 million shares authorized; 0 shares issued and outstanding 0.0 0.0
Common stock, $0.001 par value; 100.0 million shares authorized; 53.5 million and 52.8 million shares issued and outstanding at September 28, 2024 and December 30, 2023, respectively 0.1 0.1
Treasury stock, 19.5 million and 19.5 million shares at September 28, 2024 and December 30, 2023, respectively (1,169.2) (1,169.2)
Additional paid-in capital 828.4 783.4
Accumulated other comprehensive loss (36.6) (45.3)
Retained earnings 1,840.5 1,795.8
Total stockholders’ equity 1,463.2 1,364.8
Total liabilities and stockholders’ equity 3,087.8 3,041.5
Customer relationships, net - (Note 9)    
Current assets    
Finite-lived intangible assets, net 169.0 177.7
Acquired technologies, net - (Note 9)    
Current assets    
Finite-lived intangible assets, net 115.3 129.4
Other intangible assets, net - (Note 9)    
Current assets    
Finite-lived intangible assets, net $ 120.9 $ 112.8
[1] Includes amounts owed from related parties as of September 28, 2024 and December 30, 2023 of approximately $10.8 million and $7.3 million, respectively. See Note 3, “Related Party Transactions” for details.