| Consolidated Balance Sheets |
|
|
|
September 27,
2020
|
|
|
December 29,
2019
|
|
|
Trade accounts receivable
|
|
$
|
75,000
|
|
|
$
|
71,113
|
|
|
Other receivables
|
|
|
731
|
|
|
|
1,098
|
|
|
Allowance for doubtful accounts
|
|
|
(2,325
|
)
|
|
|
(2,292
|
)
|
|
Total
|
|
$
|
73,406
|
|
|
$
|
69,919
|
|
|
|
|
September 27,
2020
|
|
|
December 29,
2019
|
|
|
Opening
|
|
$
|
26,271
|
|
|
$
|
20,405
|
|
|
Contract assets additions
|
|
|
276,330
|
|
|
|
350,709
|
|
|
Contract assets invoiced
|
|
|
(259,865
|
)
|
|
|
(344,843
|
)
|
|
Ending
|
|
$
|
42,736
|
|
|
$
|
26,271
|
|
|
|
|
September 27,
2020
|
|
|
December 29,
2019
|
|
|
Raw materials
|
|
$
|
51,783
|
|
|
$
|
48,067
|
|
|
Parts and other
|
|
|
292
|
|
|
|
586
|
|
|
Provision for obsolescence
|
|
|
(538
|
)
|
|
|
(827
|
)
|
|
Total
|
|
$
|
51,537
|
|
|
$
|
47,826
|
|
|
|
|
September 27,
2020
|
|
|
December 29,
2019
|
|
|
Cost:
|
|
|
|
|
|
|
|
|
|
Land
|
|
$
|
1,648
|
|
|
$
|
1,648
|
|
|
Buildings (b)
|
|
|
18,985
|
|
|
|
18,985
|
|
|
Machinery and equipment (a) (e)
|
|
|
44,116
|
|
|
|
42,732
|
|
|
Office furniture and equipment (c) (e)
|
|
|
869
|
|
|
|
1,005
|
|
|
Computer hardware and software (d) (e)
|
|
|
3,940
|
|
|
|
3,979
|
|
|
Leasehold improvements (e)
|
|
|
4,447
|
|
|
|
4,265
|
|
|
|
|
|
74,005
|
|
|
|
72,614
|
|
|
Less accumulated depreciation:
|
|
|
|
|
|
|
|
|
|
Land
|
|
|
—
|
|
|
|
—
|
|
|
Buildings (b)
|
|
|
(11,220
|
)
|
|
|
(10,392
|
)
|
|
Machinery and equipment (a) (e)
|
|
|
(33,727
|
)
|
|
|
(31,192
|
)
|
|
Office furniture and equipment (c) (e)
|
|
|
(423
|
)
|
|
|
(546
|
)
|
|
Computer hardware and software (d) (e)
|
|
|
(3,162
|
)
|
|
|
(3,289
|
)
|
|
Leasehold improvements (e)
|
|
|
(2,076
|
)
|
|
|
(1,885
|
)
|
|
|
|
|
(50,608
|
)
|
|
|
(47,304
|
)
|
|
Property, plant and equipment—net
|
|
$
|
23,397
|
|
|
$
|
25,310
|
|
|
(a)
|
Included within machinery and equipment were assets under finance leases with costs of $4,193 and $2,275 and associated accumulated depreciation of $1,539 and $974 as of September 27, 2020 and December 29, 2019, respectively. The related depreciation expense for the three months ended September 27, 2020 and September 29, 2019 was $134 and $142, respectively. The related depreciation expense for the nine months ended September 27, 2020 and September 29, 2019 was $356 and $426, respectively.
|
|
(b)
|
Included within buildings are costs associated with Melbourne facility under finance leases of $9,082 and associated accumulated depreciation of $1,504 and $900 as of September 27, 2020 and December 29, 2019, respectively. The related depreciation expense for the three months ended September 27, 2020 and September 29, 2019 was $201 and $201, respectively. The related depreciation expense for nine months ended September 27, 2020 and September 29, 2019 was $604 and $603, respectively.
|
|
(c)
|
Included within office furniture and equipment were assets under finance leases with costs of $307 and $307 and associated accumulated depreciation of $101 and $52 as of September 27, 2020 and December 29, 2019, respectively. The related depreciation expense for the three months ended September 27, 2020 and September 29, 2019 was $16 and $9, respectively. The related depreciation expense for the nine months ended September 27, 2020 and September 29, 2019 was $49 and $29, respectively.
|
|
(d)
|
Included within computer hardware and software were assets under finance leases with costs of $91 and associated accumulated depreciation of $73 and $51 as of September 27, 2020 and December 29, 2019, respectively. The related depreciation expense for the three months ended September 27, 2020 and September 29, 2019 was $7 and $8, respectively. The related depreciation expense for the nine months ended September 27, 2020 and September 29, 2019 was $22 and $23, respectively.
|
|
(e)
|
Fully depreciated property, plant and equipment with cost of $1,466 and accumulated amortization of $1,463 was written off in the nine months ended September 27, 2020.
|
|
|
|
September 27,
2020
|
|
|
December 29,
2019
|
|
|
Cost:
|
|
|
|
|
|
|
|
|
|
Customer relationships
|
|
$
|
12,350
|
|
|
$
|
12,350
|
|
|
Order backlog
|
|
|
6,990
|
|
|
|
6,990
|
|
|
Trade name
|
|
|
1,300
|
|
|
|
1,300
|
|
|
Non-compete agreements
|
|
|
360
|
|
|
|
360
|
|
|
|
|
|
21,000
|
|
|
|
21,000
|
|
|
Less accumulated amortization:
|
|
|
|
|
|
|
|
|
|
Customer relationships
|
|
|
(2,340
|
)
|
|
|
(1,414
|
)
|
|
Order backlog
|
|
|
(6,990
|
)
|
|
|
(5,333
|
)
|
|
Trade name
|
|
|
(1,300
|
)
|
|
|
(1,300
|
)
|
|
Non-compete agreements
|
|
|
(341
|
)
|
|
|
(206
|
)
|
|
|
|
|
(10,971
|
)
|
|
|
(8,253
|
)
|
|
Intangible assets—net
|
|
$
|
10,029
|
|
|
$
|
12,747
|
|
|
|
|
September 27,
2020
|
|
|
December 29,
2019
|
|
|
U.S.
|
|
$
|
3,009
|
|
|
$
|
3,824
|
|
|
Mexico
|
|
|
7,020
|
|
|
|
8,923
|
|
|
Total
|
|
$
|
10,029
|
|
|
$
|
12,747
|
|
|
|
|
September 27,
2020
|
|
|
December 29,
2019
|
|
|
U.S.
|
|
$
|
5,449
|
|
|
$
|
5,449
|
|
|
Mexico
|
|
|
12,716
|
|
|
|
12,716
|
|
|
Total
|
|
$
|
18,165
|
|
|
$
|
18,165
|
|
|
|
|
September 27,
2020
|
|
|
December 29,
2019
|
|
|
Payroll
|
|
$
|
7,515
|
|
|
$
|
5,504
|
|
|
Customer related
|
|
|
6,347
|
|
|
|
2,185
|
|
|
Deferred revenue
|
|
|
5,915
|
|
|
|
—
|
|
|
Vendor related
|
|
|
1,436
|
|
|
|
1,742
|
|
|
Professional services
|
|
|
644
|
|
|
|
612
|
|
|
Interest
|
|
|
330
|
|
|
|
860
|
|
|
Other
|
|
|
938
|
|
|
|
261
|
|
|
Total
|
|
$
|
23,125
|
|
|
$
|
11,164
|
|
|