v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 03, 2026
Jun. 27, 2025
Current assets:    
Cash and cash equivalents $ 214,306 $ 309,099
Accounts receivable, net of allowance for credit losses of $162 and $1,767 at July 3, 2026 and June 27, 2025, respectively 69,222 109,588
Unbilled receivables and costs in excess of billings, net of allowance for credit losses of $5,311 for both July 3, 2026 and June 27, 2025 285,760 278,475
Inventory 366,968 332,920
Prepaid income taxes 2,258 457
Prepaid expenses and other current assets 34,925 27,639
Total current assets 973,439 1,058,178
Property and equipment, net 108,413 101,440
Goodwill 942,419 938,093
Intangible assets, net 175,820 210,611
Operating lease right-of-use assets, net 47,713 52,264
Deferred tax assets 67,188 69,016
Other non-current assets 7,784 5,162
Total assets 2,322,776 2,434,764
Current liabilities:    
Accounts payable 91,041 79,116
Accrued expenses 32,991 35,264
Due to factoring facility 391 7,879
Accrued compensation 54,537 51,321
Deferred revenues and customer advances 149,565 126,797
Total current liabilities 328,525 300,377
Income taxes payable 3,487 4,046
Long-term debt 441,500 591,500
Operating lease liabilities 45,829 52,738
Other non-current liabilities 5,977 12,642
Total liabilities 825,318 961,303
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, $0.01 par value; 1,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock, $0.01 par value; 85,000,000 shares authorized; 59,600,732 and 59,003,174 shares issued and outstanding at July 3, 2026 and June 27, 2025, respectively 596 590
Additional paid-in capital 1,333,410 1,287,478
Retained earnings 152,222 181,895
Accumulated other comprehensive income 11,230 3,498
Total shareholders’ equity 1,497,458 1,473,461
Total liabilities and shareholders’ equity $ 2,322,776 $ 2,434,764