SEGMENT INFORMATION

6 Months Ended

Jun. 26, 2021

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

The Company’s three reportable segments are RMS, DSA, and Manufacturing. The following table presents revenue and other financial information by reportable segment:

	Three Months Ended				Six Months Ended
	June 26, 2021		June 27, 2020		June 26, 2021		June 27, 2020
	(in thousands)
RMS
Revenue	$	176,694	$	116,549	$	353,604	$	262,545
Operating income	42,580		3,844		87,515		31,217
Depreciation and amortization	9,844		9,126		19,523		17,878
Capital expenditures	8,512		6,621		11,495		12,033
DSA
Revenue	$	540,094	$	442,564	$	1,041,272	$	881,247
Operating income	104,514		72,241		195,463		144,524
Depreciation and amortization	43,588		41,101		88,196		82,431
Capital expenditures	20,473		16,175		37,513		30,904
Manufacturing
Revenue	$	197,819	$	123,471	$	344,297	$	245,851
Operating income	56,717		42,930		106,154		84,042
Depreciation and amortization	13,952		6,236		20,521		12,602
Capital expenditures	13,602		3,037		20,712		8,198

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 26, 2021		June 27, 2020		June 26, 2021		June 27, 2020		June 26, 2021		June 27, 2020
	(in thousands)
Three Months Ended:
Total reportable segments	$	203,811	$	119,015	$	67,384	$	56,463	$	42,587	$	25,833
Unallocated corporate	(66,261)		(42,247)		722		745		3,844		967
Total consolidated	$	137,550	$	76,768	$	68,106	$	57,208	$	46,431	$	26,800
Six Months Ended:
Total reportable segments	$	389,132	$	259,783	$	128,240	$	112,911	$	69,720	$	51,135
Unallocated corporate	(127,879)		(88,734)		1,373		1,557		4,741		1,386
Total consolidated	$	261,253	$	171,049	$	129,613	$	114,468	$	74,461	$	52,521

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

	Three Months Ended				Six Months Ended
	June 26, 2021		June 27, 2020		June 26, 2021		June 27, 2020
	(in thousands)
RMS	$	176,694	$	116,549	$	353,604	$	262,545
DSA	540,094		442,564		1,041,272		881,247
Manufacturing	197,819		123,471		344,297		245,851
Total revenue	$	914,607	$	682,584	$	1,739,173	$	1,389,643

A summary of unallocated corporate expense consists of the following:

	Three Months Ended				Six Months Ended
	June 26, 2021		June 27, 2020		June 26, 2021		June 27, 2020
	(in thousands)
Stock-based compensation	$	10,417	$	8,203	$	18,059	$	14,907
Compensation, benefits, and other employee-related expenses	25,924		20,749		53,286		42,729
External consulting and other service expenses	6,301		4,917		13,657		7,386
Information technology	4,117		4,235		8,212		7,951
Depreciation	722		745		1,373		1,557
Acquisition and integration	15,036		869		25,596		7,852
Other general unallocated corporate	3,744		2,529		7,696		6,352
Total unallocated corporate expense	$	66,261	$	42,247	$	127,879	$	88,734

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

Revenue by geographic area is as follows:

	U.S.		Europe		Canada		Asia Pacific		Other		Consolidated
	(in thousands)
Three Months Ended:
June 26, 2021	$	491,619	$	275,706	$	90,565	$	55,133	$	1,584	$	914,607
June 27, 2020	382,918		190,935		71,543		35,965		1,223		682,584
Six Months Ended:
June 26, 2021	$	940,101	$	513,241	$	167,672	$	114,579	$	3,580	$	1,739,173
June 27, 2020	789,630		381,197		148,176		67,794		2,846		1,389,643

Included in the Other category above are operations located in Brazil and Israel. Revenue represents sales originating in entities physically located in the identified geographic area.