SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 26, 2021

Schedule of Revenue and Other Financial Information by Business Segment

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

Reconciliation of Segment Operating Income to Consolidated Operating Income

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 Disaggregated by Products and Services and Geographic Area

The following table disaggregates the Company’s revenue by major business line and timing of transfer of products or services:


	Three Months Ended				Six Months Ended
	June 26, 2021		June 27, 2020		June 26, 2021		June 27, 2020
	(in thousands)
Timing of Revenue Recognition:
RMS
Services and products transferred over time	$	66,334	$	57,357	$	131,230	$	117,398
Services and products transferred at a point in time	110,360		59,192		222,374		145,147
Total RMS revenue	176,694		116,549		353,604		262,545
DSA
Services and products transferred over time	539,790		442,447		1,040,258		881,011
Services and products transferred at a point in time	304		117		1,014		236
Total DSA revenue	540,094		442,564		1,041,272		881,247
Manufacturing
Services and products transferred over time	95,974		41,317		146,542		78,631
Services and products transferred at a point in time	101,845		82,154		197,755		167,220
Total Manufacturing revenue	197,819		123,471		344,297		245,851
Total revenue	$	914,607	$	682,584	$	1,739,173	$	1,389,643

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

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

Summary of Unallocated Corporate Overhead

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