Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 28, 2019
Dec. 29, 2018
Current assets    
Cash and equivalents $ 106,808 $ 96,776
Accounts receivable, net of allowance for doubtful accounts of $11,852 and $10,549 at December 2019 and December 2018, respectively 228,459 252,966
Due from former parent, current 0 547,690
Notes receivable from former parent 0 517,940
Inventories 458,101 473,812
Prepaid expenses and other current assets 84,235 52,014
Total current assets 877,603 1,941,198
Due from former parent, noncurrent 0 611
Property, plant and equipment, net 132,192 138,449
Operating lease assets 86,582 0
Intangible assets, net 17,293 53,059
Goodwill 212,836 214,516
Deferred income taxes 79,551 42,891
Other assets 111,099 67,741
TOTAL ASSETS 1,517,156 2,458,465
Current liabilities    
Short-term borrowings 1,070 3,215
Accounts payable 147,347 134,129
Due to former parent, current 0 16,140
Notes payable to former parent 0 269,112
Accrued liabilities 194,744 194,228
Operating lease liabilities, current 35,389 0
Total current liabilities 378,550 616,824
Operating lease liabilities, noncurrent 54,746 0
Deferred income taxes 2,459 2,679
Other liabilities 98,875 115,510
Long-term debt 913,269 0
Commitments and contingencies
Total liabilities 1,447,899 735,013
Equity    
Preferred Stock, no par value; shares authorized, 90,000,000; no shares outstanding at December 2019 and 2018 0 0
Common Stock, no par value; shares authorized, 600,000,000; 56,811,198 shares outstanding at December 2019 and no shares outstanding at December 2018 0 0
Additional paid-in capital 150,673 0
Former parent investment 0 1,868,634
Accumulated deficit (1,718) 0
Accumulated other comprehensive loss (79,698) (145,182)
Total equity 69,257 1,723,452
TOTAL LIABILITIES AND EQUITY $ 1,517,156 $ 2,458,465