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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 28, 2025
Jun. 28, 2024
Current Assets:    
Cash and cash equivalents $ 49,429 $ 64,622
Accounts receivable, net of allowances of $3,122 and $1,854 178,036 158,013
Unbilled receivables 101,406 90,525
Inventories 93,158 62,267
Assets held for sale 0 2,720
Other current assets 34,575 27,076
Total current assets 456,604 405,223
Property, plant and equipment, net 15,633 9,480
Goodwill 19,188 8,217
Intangible assets, net 26,817 13,644
Deferred income taxes 92,377 83,112
Right-of-use assets 3,406 3,710
Other assets 14,312 11,837
Total assets 628,337 535,223
Current Liabilities:    
Accounts payable 137,730 92,854
Accrued expenses 40,525 42,148
Operating lease liabilities 1,163 1,006
Advance payments and unearned revenue 85,658 58,839
Other current liabilities 13,299 21,614
Current portion of long-term debt 3,719 2,396
Total current liabilities 282,094 218,857
Long-term debt 70,204 45,954
Unearned revenue 7,670 7,413
Long-term operating lease liabilities 2,402 2,823
Other long-term liabilities 427 394
Reserve for uncertain tax positions 2,887 3,485
Deferred income taxes 6,537 412
Total liabilities 372,221 279,338
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Preferred stock, $0.01 par value, 50.0 million shares authorized, none issued 0 0
Common stock, $0.01 par value, 300.0 million shares authorized, 12.7 million and 12.6 million shares issued and outstanding as of March 28, 2025 and June 28, 2024, respectively 127 126
Treasury stock 0.2 million and 0.2 million shares as of March 28, 2025 and June 28, 2024, respectively (7,077) (6,479)
Additional paid-in-capital 864,910 860,071
Accumulated deficit (582,369) (578,513)
Accumulated other comprehensive loss (19,475) (19,320)
Total stockholders’ equity 256,116 255,885
Total liabilities and stockholders’ equity $ 628,337 $ 535,223