SEGMENT AND GEOGRAPHIC INFORMATION |
SEGMENT AND GEOGRAPHIC INFORMATION The Company revised its reportable segments during fiscal year 2016 to align with its view of the business following its acquisition of WIL Research. See Note 1, “Description of Business and Summary of Significant Accounting Policies.” The Company reported segment results on this basis retrospectively for all comparable prior periods. Asset information on a reportable segment basis is not disclosed as this information is not separately identified and internally reported to the Company’s Chief Operating Decision Maker. The following table presents revenue and other financial information by reportable segment: | | | | | | | | | | | | | | Fiscal Year | | 2016 | | 2015 | | 2014 | | | | | | | | (in thousands) | RMS | | | | | | Revenue | $ | 494,037 |
| | $ | 470,411 |
| | $ | 503,656 |
| Operating income | 136,365 |
| | 120,973 |
| | 120,736 |
| Depreciation and amortization | 20,853 |
| | 22,526 |
| | 27,309 |
| Capital expenditures | 11,642 |
| | 17,398 |
| | 18,669 |
| DSA | | | |
| | |
| Revenue | $ | 836,593 |
| | $ | 612,173 |
| | $ | 538,218 |
| Operating income | 138,157 |
| | 121,981 |
| | 69,749 |
| Depreciation and amortization | 71,816 |
| | 46,812 |
| | 47,138 |
| Capital expenditures | 27,493 |
| | 30,333 |
| | 19,759 |
| Manufacturing | | | | | | Revenue | $ | 350,802 |
| | $ | 280,718 |
| | $ | 255,788 |
| Operating income | 104,543 |
| | 74,675 |
| | 79,260 |
| Depreciation and amortization | 25,566 |
| | 18,129 |
| | 14,295 |
| Capital expenditures | 12,247 |
| | 9,814 |
| | 15,621 |
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For fiscal years ended 2016, 2015 and 2014, reconciliations of segment operating income and capital expenditures to the respective consolidated amounts are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | Operating Income | | Capital Expenditures | | Fiscal Year | | Fiscal Year | | 2016 | | 2015 | | 2014 | | 2016 | | 2015 | | 2014 | | | | | | | | | | | | | | (in thousands) | Total reportable segments | $ | 379,065 |
| | $ | 317,629 |
| | $ | 269,745 |
| | $ | 51,382 |
| | $ | 57,545 |
| | $ | 54,049 |
| Unallocated corporate | (141,646 | ) | | (111,180 | ) | | (92,075 | ) | | 3,906 |
| | 5,707 |
| | 2,876 |
| Total consolidated | $ | 237,419 |
| | $ | 206,449 |
| | $ | 177,670 |
| | $ | 55,288 |
| | $ | 63,252 |
| | $ | 56,925 |
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Revenue for each significant product or service offering is as follows: | | | | | | | | | | | | | | Fiscal Year | | 2016 | | 2015 | | 2014 | | | | | | | | (in thousands) | RMS | $ | 494,037 |
| | $ | 470,411 |
| | $ | 503,656 |
| DSA | 836,593 |
| | 612,173 |
| | 538,218 |
| Manufacturing | 350,802 |
| | 280,718 |
| | 255,788 |
| Total revenue | $ | 1,681,432 |
| | $ | 1,363,302 |
| | $ | 1,297,662 |
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A summary of unallocated corporate overhead consists of the following: | | | | | | | | | | | | | | Fiscal Year | | 2016 | | 2015 | | 2014 | | | | | | | | (in thousands) | Stock-based compensation expense | $ | 27,272 |
| | $ | 25,751 |
| | $ | 18,474 |
| Salary, bonus, and fringe | 39,189 |
| | 33,026 |
| | 30,838 |
| Consulting, audit, and professional services | 23,421 |
| | 15,418 |
| | 13,431 |
| IT related expenses | 13,233 |
| | 8,400 |
| | 6,528 |
| Depreciation expense | 8,423 |
| | 7,414 |
| | 7,703 |
| Acquisition related adjustments | 15,608 |
| | 11,644 |
| | 6,285 |
| Other general unallocated corporate expenses | 14,500 |
| | 9,527 |
| | 8,816 |
| Total unallocated corporate overhead costs | $ | 141,646 |
| | $ | 111,180 |
| | $ | 92,075 |
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Other general unallocated corporate expenses consist of various departmental costs including those associated with departments such as senior executives, corporate accounting, legal, tax, human resources, treasury, and investor relations. Revenue and long-lived assets by geographic area are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | U.S. | | Europe | | Canada | | Japan | | Other Non-U.S. | | Consolidated | | | | | | | | | | | | | | (in thousands) | 2016 | | | | | | | | | | | | Revenue | $ | 850,422 |
| | $ | 520,937 |
| | $ | 194,210 |
| | $ | 46,829 |
| | $ | 69,034 |
| | $ | 1,681,432 |
| Long-lived assets | 462,330 |
| | 177,423 |
| | 78,866 |
| | 20,941 |
| | 16,267 |
| | 755,827 |
| 2015 | | | | | | | | | | | | Revenue | $ | 659,466 |
| | $ | 435,491 |
| | $ | 172,349 |
| | $ | 40,520 |
| | $ | 55,476 |
| | $ | 1,363,302 |
| Long-lived assets | 402,238 |
| | 159,445 |
| | 77,535 |
| | 22,348 |
| | 16,393 |
| | 677,959 |
| 2014 | | | | | | | | | | |
|
| Revenue | $ | 588,531 |
| | $ | 446,263 |
| | $ | 163,490 |
| | $ | 49,921 |
| | $ | 49,457 |
| | $ | 1,297,662 |
| Long-lived assets | 386,624 |
| | 153,203 |
| | 95,272 |
| | 23,896 |
| | 17,802 |
| | 676,797 |
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Included in the other non-U.S. category above are operations located in China, Korea, Australia, Singapore, and India. Revenues represent sales originating in entities physically located in the identified geographic area. Long-lived assets include property, plant, and equipment and other long-lived assets.
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