v3.25.3

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 03, 2025	Dec. 27, 2024
Current assets:
Cash and cash equivalents	$ 33,109	$ 74,158
Restricted cash	0	0
Accounts receivable, net of allowance for doubtful accounts of $354 and $1,313 at October 3, 2025 and December 27, 2024, respectively	66,742	65,557
Contract assets	116,494	88,528
Other receivables	7,342	2,302
Prepaid expenses and other current assets	5,436	4,979
Total current assets	229,123	235,524
Equipment and leasehold improvements, net	31,314	29,534
Goodwill	177,506	140,991
Right-of-use assets	14,242	14,035
Other intangible assets, net	35,622	29,414
Other assets	2,620	2,019
Deferred income taxes, net	17,498	13,346
Total assets	507,925	464,863
Current liabilities:
Accounts payable	50,100	33,766
Accrued liabilities	64,769	62,776
Contingent consideration payable	8,500	2,500
Contract liabilities	23,312	21,556
Notes payable	2,500	10,137
Finance lease obligations	1,247	1,138
Lease liability	4,883	5,804
Total current liabilities	155,311	137,677
Contingent consideration payable, less current portion	10,008	1,713
Notes payable, less current portion	46,571	79,350
Finance lease obligations, less current portion	1,359	1,379
Lease liability, less current portion	11,322	9,939
Other noncurrent liabilities	262	462
Total liabilities	224,833	230,520
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.01 par value, 10,000 shares authorized, no shares issued and outstanding
Common stock, $0.01 par value, 40,000 shares authorized; 14,754 and 14,169 shares issued and outstanding at October 3, 2025 and December 27, 2024, respectively	148	142
Additional paid-in capital	212,284	197,368
Accumulated other comprehensive income (loss)	(331)	(314)
Retained earnings	70,991	37,147
Total stockholders' equity	283,092	234,343
Total liabilities and stockholders' equity	$ 507,925	$ 464,863

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Willdan Group, Inc. 10-Q