v3.19.2
Combined Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 29, 2019
Dec. 29, 2018
Jun. 30, 2018
Current assets      
Cash and equivalents $ 76,687 $ 96,776 $ 86,356
Accounts receivable, less allowance for doubtful accounts of $11,102 at June 2019, $10,549 at December 2018 and $7,345 at June 2018 254,049 252,966 262,525
Due from former parent, current 0 547,690 553,976
Notes receivable from former parent 0 517,940 546,740
Inventories 538,168 473,812 491,836
Other current assets 79,397 52,014 45,202
Total current assets 948,301 1,941,198 1,986,635
Due from former parent, noncurrent 0 611 0
Property, plant and equipment, net 131,727 138,449 142,263
Operating lease assets 90,416 0 0
Intangible assets, net 50,953 53,059 55,263
Goodwill 213,761 214,516 216,080
Other assets 153,044 110,632 120,439
TOTAL ASSETS 1,588,202 2,458,465 2,520,680
Current liabilities      
Short-term borrowings 2,829 3,215 5,062
Current portion of long-term debt 7,500 0 0
Accounts payable 159,214 134,129 136,620
Due to former parent, current 0 16,140 59,424
Notes payable to former parent 0 269,112 269,112
Accrued liabilities 177,582 194,228 166,881
Operating lease liabilities, current 34,439 0 0
Total current liabilities 381,564 616,824 637,099
Operating lease liabilities, noncurrent 58,594 0 0
Other liabilities 86,189 118,189 115,894
Long-term debt, due beyond one year 979,687 0 0
Commitments and contingencies
Total liabilities 1,506,034 735,013 752,993
Equity      
Common stock, no par value 0 0 0
Additional paid-in capital 134,621 0 0
Former parent investment 0 1,868,634 1,908,986
Retained earnings 21,235 0 0
Accumulated other comprehensive loss (73,688) (145,182) (141,299)
Total equity 82,168 1,723,452 1,767,687
TOTAL LIABILITIES AND EQUITY $ 1,588,202 $ 2,458,465 $ 2,520,680

Source