
	June 28, 2025
Unaudited Condensed Consolidated Balance Sheet:	As Previously Reported		Adjustments (B)			As Restated
Assets
Current Assets
Cash and cash equivalents	$	37,117	$	—		$	37,117
Accounts receivable, net of allowance for credit losses of $2,008 at June 28, 2025	119,682		(1,656)			118,026
Contract assets	221,046		(1,543)			219,503
Inventories	197,296		1,290			198,586
Production cost of contracts	5,769		—			5,769

Other current assets	17,327		5			17,332

Total Current Assets	598,237		(1,904)			596,333
Property and Equipment, Net of Accumulated Depreciation of $199,238 at June 28, 2025	108,943		—			108,943
Operating Lease Right-of-Use Assets	24,358		—			24,358
Goodwill	244,600		—			244,600
Intangibles, Net	141,215		—			141,215
Deferred Income Taxes	5,066		167		(A)	5,233
Other Assets	18,412		—			18,412
Total Assets	$	1,140,831	$	(1,737)		$	1,139,094
Liabilities and Shareholders’ Equity
Current Liabilities
Accounts payable	$	84,089	$	—		$	84,089
Contract liabilities	36,971		—			36,971
Accrued and other liabilities	42,069		(2,027)		(A)	40,042
Operating lease liabilities	8,866		—			8,866
Current portion of long-term debt	12,500		—			12,500

Total Current Liabilities	184,495		(2,027)			182,468
Long-Term Debt, Less Current Portion	218,084		—			218,084
Non-Current Operating Lease Liabilities	16,853		—			16,853

Other Long-Term Liabilities	13,568		2,361		(A)	15,929
Total Liabilities	433,000		334			433,334
Commitments and Contingencies
Shareholders’ Equity
Common Stock - $0.01 par value; 35,000,000 shares authorized; 14,922,797 shares issued and outstanding at June 28, 2025	149		—			149

Additional Paid-In Capital	223,652		16,655		(A)	240,307
Retained Earnings	476,539		(18,726)			457,813
Accumulated Other Comprehensive Income	7,491					7,491
Total Shareholders’ Equity	707,831		(2,071)			705,760
Total Liabilities and Shareholders’ Equity	$	1,140,831	$	(1,737)		$	1,139,094


	Three Months Ended June 28, 2025							Six Months Ended June 28, 2025
Unaudited Condensed Consolidated Statements of Income:	As Previously Reported		Adjustments (B)			As Restated		As Previously Reported		Adjustments (B)			As Restated
Net Revenues	$	202,260	$	(1,457)		$	200,803	$	396,374	$	(3,090)		$	393,284
Cost of Sales	148,522		(695)			147,827		291,039		(1,182)			289,857
Gross Profit	53,738		(762)			52,976		105,335		(1,908)			103,427
Selling, General and Administrative Expenses	35,959		(1,316)		(A)	34,643		70,553		9,140		(A)	79,693
Restructuring Charges	608		—			608		1,034		—			1,034
Operating Income	17,171		554			17,725		33,748		(11,048)			22,700
Interest Expense	(3,008)		—			(3,008)		(6,271)		—			(6,271)


Other Income, Net	1,746		—			1,746		1,746		—			1,746
Income Before Taxes	15,909		554			16,463		29,223		(11,048)			18,175
Income Tax Expense	3,356		353		(A)	3,709		6,159		(2,140)		(A)	4,019
Net Income	$	12,553	$	201		$	12,754	$	23,064	$	(8,908)		$	14,156
Earnings Per Share
Basic earnings per share	$	0.84				$	0.85	$	1.55				$	0.95
Diluted earnings per share	$	0.82				$	0.84	$	1.52				$	0.93
Weighted-Average Number of Common Shares Outstanding
Basic	14,938					14,938		14,898					14,898
Diluted	15,216					15,216		15,196					15,196


	Three Months Ended June 28, 2025						Six Months Ended June 28, 2025
Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss):	As Previously Reported		Adjustments		As Restated		As Previously Reported		Adjustments		As Restated
Net Income	$	12,553	$	201	$	12,754	$	23,064	$	(8,908)	$	14,156
Other Comprehensive Loss, Net of Tax:
Amortization of actuarial losses and prior service costs, net of tax of $7 and $13 for the three and six months ended June 28, 2025, respectively.	19		—		19		39		—		39

Change in net unrealized losses on cash flow hedges, net of tax benefit of $470 and $1,185 for the three and six months ended June 28, 2025.	(1,558)		—		(1,558)		(3,932)		—		(3,932)
Other Comprehensive Loss, Net of Tax	(1,539)		—		(1,539)		(3,893)		—		(3,893)
Comprehensive Income	$	11,014	$	201	$	11,215	$	19,171	$	(8,908)	$	10,263


	Six Months Ended June 28, 2025
Unaudited Condensed Consolidated Statement of Cash Flows:	As Previously Reported		Adjustments (B)			As Restated
Cash Flows from Operating Activities
Net Income	$	23,064	$	(8,908)	(A)	$	14,156
Adjustments to Reconcile Net Income to
Net Cash Provided by Operating Activities:
Depreciation and amortization	16,857		—			16,857
Non-cash operating lease cost	4,402		—			4,402



Stock-based compensation expense	11,703		9,064		(A)	20,767
Deferred income taxes	(1,654)		—			(1,654)

Provision for credit losses	10		—			10


Gain on sale of property and other assets	(1,746)					(1,746)
Other	408		—			408
Changes in Assets and Liabilities:
Accounts receivable	(9,976)		1,656			(8,320)
Contract assets	(20,462)		1,434			(19,028)
Inventories	(415)		(1,181)			(1,596)
Production cost of contracts	820		—			820
Other assets	(542)		—			(542)
Accounts payable	9,083		—			9,083
Contract liabilities	2,526		—			2,526
Operating lease liabilities	(4,087)		—			(4,087)
Accrued and other liabilities	(6,810)		(2,065)		(A)	(8,875)
Net Cash Provided by Operating Activities	23,181		—			23,181
Cash Flows from Investing Activities
Purchases of property and equipment	(9,082)		—			(9,082)
Proceeds from sale of property and other assets	1,979		—			1,979
Proceeds from sale of assets	100		—			100



Net Cash Used in Investing Activities	(7,003)		—			(7,003)
Cash Flows from Financing Activities


Borrowings from senior secured revolving credit facility	25,000		—			25,000
Repayments of senior secured revolving credit facility	(33,800)		—			(33,800)

Repayments of term loan	(3,125)		—			(3,125)
Repayments of other debt	(193)		—			(193)






Net cash paid upon issuance of common stock under stock plans	(4,082)		—			(4,082)
Net Cash Used in Financing Activities	(16,200)		—			(16,200)
Net Decrease in Cash and Cash Equivalents	(22)		—			(22)
Cash and Cash Equivalents at Beginning of Period	37,139		—			37,139
Cash and Cash Equivalents at End of Period	$	37,117	$	—		$	37,117