v3.26.1
Held for Sale
6 Months Ended
Jun. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Held for Sale Held for Sale
During the fourth quarter of 2025, we announced plans to commence a strategic review of the Amelia Earhart Drive facility in Salt Lake City. This review is progressing according to our planned timeline, and we have received multiple
indications of interest with regards to a sale of the facility. We continue to engage closely with our customers throughout the strategic assessment process. This review is expected to be completed by the end of 2026.
The Company has determined that the Amelia Earhart Drive facility met held-for-sale accounting criteria. Accordingly, the facility's assets and liabilities were classified as held-for-sale in the consolidated balance sheets for all periods presented. Upon classification as held for sale, the Company ceased depreciation and amortization of the related long-lived assets in accordance with applicable accounting guidance.
The following table presents the assets and liabilities classified as held-for-sale at June 30, 2026 and December 31, 2025:
(in thousands)June 30, 2026December 31, 2025
Accounts receivable, net$22,567 $27,159 
Contract assets, net87,027 68,550 
Inventories14,665 16,422 
Prepaid expenses and other current assets511 697 
Property, plant and equipment, net94,583 93,525 
Intangibles, net13,384 13,384 
Goodwill21,829 21,829 
Other assets52,156 52,217 
Total assets held for sale$306,722 $293,783 
Accounts payable$20,496 $16,408 
Accrued liabilities96,611 115,448 
Other noncurrent liabilities58,258 59,724 
Deferred income taxes11,743 11,743 
Total liabilities held for sale$187,108 $203,323