v3.26.1
BUSINESS COMBINATIONS (Tables)
6 Months Ended
Jul. 03, 2026
Business Combination [Abstract]  
Schedule of consideration for the acquisition

  ​ ​ ​

Burton

(in thousands)

Cash consideration

$

52,000

Other working capital adjustments and holdbacks

1,228

Issuance of common stock

9,572

Contingent consideration

9,394

Total consideration

$

72,194

 

Schedule of acquired assets recorded at their estimated fair value as of the acquisition date

  ​ ​ ​

Burton

(in thousands)

Current assets

$

19,418

Non-current assets (1)

24

Current liabilities

(19,170)

Non-current liabilities

(447)

Backlog

3,618

Customer relationships

28,948

Tradename

3,619

Non-compete

3,618

Goodwill

32,566

Net assets acquired

$

72,194

(1)Excluded from non-current assets are backlog, customer relationships, tradename, non-compete and goodwill.

 

Schedule of unaudited pro forma financial information

Three Months Ended

Six Months Ended

July 3,

July 4,

July 3,

July 4,

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

(in thousands, except per share data)

(Unaudited)

Pro forma revenue

$

240,611

$

199,241

$

424,475

$

377,395

Pro forma income (loss) from operations

$

20,497

$

13,704

$

30,077

$

22,628

Pro forma net income (loss) (1)

$

25,318

$

18,299

$

36,683

$

13,235

Earnings (Loss) per share:

Basic

$

1.68

$

1.27

$

2.46

$

0.93

Diluted

$

1.64

$

1.23

$

2.38

$

0.90

Weighted average shares outstanding:

Basic

15,043

14,444

14,891

14,298

Diluted

15,423

14,917

15,404

14,778

(1)Adjustments to pro forma net income included income from operations, amortization and interest expense.