SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 25, 2022

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 25, 2022		June 26, 2021		June 25, 2022		June 26, 2021
	(in thousands)
RMS
Revenue	$	186,410	$	176,694	$	362,952	$	353,604
Operating income	39,526		42,580		87,408		87,515
Depreciation and amortization	13,228		9,844		22,697		19,523
Capital expenditures	13,850		8,512		22,496		11,495
DSA
Revenue	$	591,917	$	540,094	$	1,136,176	$	1,041,272
Operating income	128,793		104,514		233,779		195,463
Depreciation and amortization	44,626		43,588		91,415		88,196
Capital expenditures	41,578		20,473		90,508		37,513
Manufacturing
Revenue	$	194,804	$	197,819	$	387,932	$	344,297
Operating income	62,503		56,717		108,871		106,154
Depreciation and amortization	18,000		13,952		36,482		20,521
Capital expenditures	24,431		13,602		47,259		20,712

Reconciliation of Segment Operating Income to Consolidated Operating Income

The following tables present reconciliations of segment operating income, depreciation and amortization, and capital expenditures to the respective consolidated amounts:


	Operating Income				Depreciation and Amortization				Capital Expenditures
	June 25, 2022		June 26, 2021		June 25, 2022		June 26, 2021		June 25, 2022		June 26, 2021
	(in thousands)
Three Months Ended:
Total reportable segments	$	230,822	$	203,811	$	75,854	$	67,384	$	79,859	$	42,587
Unallocated corporate	(43,411)		(66,261)		567		721		2,993		3,844
Total consolidated	$	187,411	$	137,550	$	76,421	$	68,105	$	82,852	$	46,431

Six Months Ended
Total reportable segments	$	430,058	$	389,132	$	150,594	$	128,240	$	160,263	$	69,720
Unallocated corporate	(93,869)		(127,879)		1,126		1,373		3,053		4,741
Total consolidated	$	336,189	$	261,253	$	151,720	$	129,613	$	163,316	$	74,461

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 25, 2022		June 26, 2021		June 25, 2022		June 26, 2021
	(in thousands)
Timing of Revenue Recognition:
RMS
Services and products transferred over time	$	85,803	$	66,334	$	155,727	$	131,230
Services and products transferred at a point in time	100,607		110,360		207,225		222,374
Total RMS revenue	186,410		176,694		362,952		353,604
DSA
Services and products transferred over time	589,371		539,790		1,131,707		1,040,258
Services and products transferred at a point in time	2,546		304		4,469		1,014
Total DSA revenue	591,917		540,094		1,136,176		1,041,272
Manufacturing
Services and products transferred over time	92,811		95,974		187,820		146,542
Services and products transferred at a point in time	101,993		101,845		200,112		197,755
Total Manufacturing revenue	194,804		197,819		387,932		344,297
Total revenue	$	973,131	$	914,607	$	1,887,060	$	1,739,173

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


	Three Months Ended				Six Months Ended
	June 25, 2022		June 26, 2021		June 25, 2022		June 26, 2021
	(in thousands)
RMS	$	186,410	$	176,694	$	362,952	$	353,604
DSA	591,917		540,094		1,136,176		1,041,272
Manufacturing	194,804		197,819		387,932		344,297
Total revenue	$	973,131	$	914,607	$	1,887,060	$	1,739,173

Revenue by geographic area is as follows:


	U.S.		Europe		Canada		Asia Pacific		Other		Consolidated
	(in thousands)
Three Months Ended:
June 25, 2022	$	566,917	$	263,584	$	93,694	$	46,239	$	2,697	$	973,131
June 26, 2021	491,619		275,706		90,565		55,133		1,584		914,607

Six Months Ended:
June 25, 2022	$	1,093,466	$	514,671	$	178,940	$	95,185	$	4,798	$	1,887,060
June 26, 2021	940,101		513,241		167,672		114,579		3,580		1,739,173

Summary of Unallocated Corporate Overhead

A summary of unallocated corporate expense consists of the following:


	Three Months Ended				Six Months Ended
	June 25, 2022		June 26, 2021		June 25, 2022		June 26, 2021
	(in thousands)
Stock-based compensation	$	8,531	$	10,417	$	17,034	$	18,059
Compensation, benefits, and other employee-related expenses	20,507		25,924		49,143		53,286
External consulting and other service expenses	4,727		6,301		9,046		13,657
Information technology	3,079		4,117		5,553		8,212
Depreciation	567		721		1,126		1,373
Acquisition and integration	3,014		15,036		8,840		25,596
Other general unallocated corporate	2,986		3,745		3,127		7,696
Total unallocated corporate expense	$	43,411	$	66,261	$	93,869	$	127,879