SEGMENT AND GEOGRAPHIC INFORMATION (Tables)

6 Months Ended

Jul. 01, 2023

Segment Reporting [Abstract]

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
	July 1, 2023		June 25, 2022		July 1, 2023		June 25, 2022
	(in thousands)
RMS
Revenue	$	209,948	$	186,410	$	409,714	$	362,952
Operating income	48,918		39,526		89,327		87,408
Depreciation and amortization	13,949		13,228		27,438		22,697
Capital expenditures	7,493		13,850		26,577		22,496
DSA
Revenue	$	663,457	$	591,917	$	1,325,810	$	1,136,176
Operating income	161,538		128,793		332,969		233,779
Depreciation and amortization	43,124		44,626		85,574		91,415
Capital expenditures	48,326		41,578		113,510		90,508
Manufacturing
Revenue	$	186,532	$	194,804	$	353,786	$	387,932
Operating income	24,403		62,503		26,509		108,871
Depreciation and amortization	19,523		18,000		39,607		36,482
Capital expenditures	10,862		24,431		32,600		47,259
Unallocated Corporate
Operating income (1)	(69,914)		(43,411)		$	(115,968)	$	(93,869)
Depreciation and amortization	1,075		567		2,121		1,126
Capital expenditures	702		2,993		1,571		3,053
Consolidated
Revenue	1,059,937		973,131		$	2,089,310	$	1,887,060
Operating income	164,945		187,411		332,837		336,189
Depreciation and amortization	77,671		76,421		154,740		151,720
Capital expenditures	67,383		82,852		174,258		163,316
(1) Operating income for unallocated corporate expense consists of costs associated with departments such as senior executives, corporate accounting, legal, tax, human resources, treasury, and investor relations.

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
	July 1, 2023		June 25, 2022		July 1, 2023		June 25, 2022
	(in thousands)
Timing of Revenue Recognition:
RMS
Services and products transferred over time	$	94,458	$	85,803	$	188,097	$	155,727
Services and products transferred at a point in time	115,490		100,607		221,617		207,225
Total RMS revenue	209,948		186,410		409,714		362,952
DSA
Services and products transferred over time	662,653		589,371		1,324,489		1,131,707
Services and products transferred at a point in time	804		2,546		1,321		4,469
Total DSA revenue	663,457		591,917		1,325,810		1,136,176
Manufacturing
Services and products transferred over time	100,460		92,811		186,546		187,820
Services and products transferred at a point in time	86,072		101,993		167,240		200,112
Total Manufacturing revenue	186,532		194,804		353,786		387,932
Total revenue	$	1,059,937	$	973,131	$	2,089,310	$	1,887,060

Revenue by geographic area is as follows:

	U.S.		Europe		Canada		Asia Pacific		Other		Consolidated
	(in thousands)
Three Months Ended:
July 1, 2023	$	606,775	$	272,976	$	117,647	$	59,864	$	2,675	$	1,059,937
June 25, 2022	566,917		263,584		93,694		46,239		2,697		973,131
Six Months Ended:
July 1, 2023	$	1,212,216	$	540,679	$	228,253	$	102,677	$	5,485	$	2,089,310
June 25, 2022	1,093,466		514,671		178,940		95,185		4,798		1,887,060