Segment Information

6 Months Ended

Jun. 25, 2016

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

The Company revised the composition of its reportable segments during the three months ended June 25, 2016. See Note 1, “Basis of Presentation.” The Company reported segment results on this basis retrospectively for all comparable prior periods presented.

The following table presents revenue and other financial information by reportable segment:

	Three Months Ended				Six Months Ended
	June 25, 2016		June 27, 2015		June 25, 2016		June 27, 2015
	(in thousands)
RMS
Revenue	$	125,058	$	119,287	$	248,397	$	238,676
Operating income	35,445		33,304		71,831		62,154
Depreciation and amortization	5,118		5,308		10,368		11,311
Capital expenditures	2,381		6,356		3,434		9,089
DSA
Revenue	$	221,059	$	153,375	$	379,042	$	293,387
Operating income	32,381		28,149		63,211		51,665
Depreciation and amortization	18,600		12,412		30,557		23,551
Capital expenditures	4,644		4,101		9,351		9,479
Manufacturing
Revenue	$	87,938	$	66,911	$	161,484	$	127,924
Operating income	27,121		20,588		46,736		37,381
Depreciation and amortization	6,525		3,649		12,501		6,977
Capital expenditures	4,256		1,770		6,385		3,336

For the three months ended June 25, 2016 and June 27, 2015, reconciliations of segment operating income, depreciation and amortization and capital expenditures to the respective consolidated amounts are as follows:

	Operating Income						Depreciation and Amortization				Capital Expenditures
	June 25, 2016			June 27, 2015			June 25, 2016		June 27, 2015		June 25, 2016		June 27, 2015
	(in thousands)
Total reportable segments	$	94,947		$	82,041		$	30,243	$	21,369	$	11,281	$	12,227
Unallocated corporate	(36,886		)	(26,306		)	2,110		1,779		510		1,681
Total consolidated	$	58,061		$	55,735		$	32,353	$	23,148	$	11,791	$	13,908

For the six months ended June 25, 2016 and June 27, 2015, reconciliations of segment operating income, depreciation and amortization and capital expenditures to the respective consolidated amounts are as follows:

	Operating Income						Depreciation and Amortization				Capital Expenditures
	June 25, 2016			June 27, 2015			June 25, 2016		June 27, 2015		June 25, 2016		June 27, 2015
	(in thousands)
Total reportable segments	$	181,778		$	151,200		$	53,426	$	41,839	$	19,170	$	21,904
Unallocated corporate	(72,245		)	(52,460		)	3,582		3,677		871		2,652
Total consolidated	$	109,533		$	98,740		$	57,008	$	45,516	$	20,041	$	24,556

Revenue for each significant product or service offering is as follows:

	Three Months Ended				Six Months Ended
	June 25, 2016		June 27, 2015		June 25, 2016		June 27, 2015
	(in thousands)
RMS	$	125,058	$	119,287	$	248,397	$	238,676
DSA	221,059		153,375		379,042		293,387
Manufacturing	87,938		66,911		161,484		127,924
Total revenue	$	434,055	$	339,573	$	788,923	$	659,987

A summary of unallocated corporate expense consists of the following:

	Three Months Ended				Six Months Ended
	June 25, 2016		June 27, 2015		June 25, 2016		June 27, 2015
	(in thousands)
Stock-based compensation	$	7,746	$	6,419	$	13,854	$	12,699
Compensation, benefits, and other employee-related expenses	7,738		7,234		20,279		17,930
External consulting and other service expenses	6,656		3,130		11,832		6,771
Information Technology	2,364		1,685		5,496		3,549
Depreciation	2,111		1,779		3,583		3,677
Acquisition and integration	7,260		3,956		11,023		3,594
Other general unallocated corporate	3,011		2,103		6,178		4,240
Total unallocated corporate expense	$	36,886	$	26,306	$	72,245	$	52,460

Other general unallocated corporate expense consists of various departmental costs including those associated with departments such as senior executives, corporate accounting, legal, tax, human resources, treasury and investor relations.