v3.26.1
Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 29, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 133,035 $ 73,708
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant, and equipment 60,414 54,555
Amortization of definite-lived intangible assets 18,448 18,448
Amortization of debt discount and issuance costs 1,142 1,067
Loss on extinguishment of debt 747 0
Deferred income taxes 9,009 1,389
Stock-based compensation 37,648 17,975
Unrealized loss on derivative instruments 13,994 0
Other 4,600 7,318
Changes in operating assets and liabilities:    
Accounts receivable, net (156,402) (46,741)
Contract assets (128,030) (43,591)
Inventories (57,915) (25,354)
Prepaid expenses and other assets (44,185) (7,876)
Accounts payable 192,182 47,458
Contract liabilities 11,143 (8,785)
Accrued salaries, wages, and benefits (12,000) (6,232)
Other liabilities 34,342 3,810
Net cash provided by operating activities 118,172 87,149
Cash flows from investing activities:    
Net purchases of property, plant, and equipment and other assets (169,205) (123,726)
Proceeds from sale of property, plant, and equipment and other assets 11,988 272
Net cash used in investing activities (157,217) (123,454)
Cash flows from financing activities:    
Proceeds from long-term debt borrowings 199,159 0
Repayment of long-term debt borrowings (143,310) (1,895)
Repayment of customer deposits (5,000) 0
Payment of debt issuance costs (4,737) 0
Repurchases of common stock 0 (17,875)
other (558) 0
Net cash provided by (used in) financing activities 45,554 (19,770)
Effect of foreign currency exchange rates on cash and cash equivalents 162 110
Net increase in cash and cash equivalents 6,671 (55,965)
Cash and cash equivalents at beginning of period 501,234 503,932
Cash and cash equivalents at end of period 507,905 447,967
Supplemental cash flow information:    
Cash paid, net for interest 22,543 23,575
Cash paid, net for income taxes 9,796 15,423
Supplemental disclosure of non-cash investing and financing activities:    
Cashless rollover of debt 280,841 0
Property, plant, and equipment recorded in accounts payable and other current liabilities $ 140,132 $ 59,126