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REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
 6 Months Ended
Jun. 29, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table disaggregates the Company’s revenue by major business line and timing of transfer of products or services:
Three Months EndedSix Months Ended
June 29, 2024July 1, 2023June 29, 2024July 1, 2023
(in thousands)
Timing of Revenue Recognition:
RMS
Services and products transferred over time$95,299 $94,458 $192,348 $188,097 
Services and products transferred at a point in time111,090 115,490 234,948 221,617 
Total RMS revenue206,389 209,948 427,296 409,714 
DSA
Services and products transferred over time626,785 662,653 1,230,910 1,324,489 
Services and products transferred at a point in time634 804 1,961 1,321 
Total DSA revenue627,419 663,457 1,232,871 1,325,810 
Manufacturing
Services and products transferred over time104,481 100,460 204,539 186,546 
Services and products transferred at a point in time87,828 86,072 172,971 167,240 
Total Manufacturing revenue192,309 186,532 377,510 353,786 
Total revenue$1,026,117 $1,059,937 $2,037,677 $2,089,310 
Revenue by geographic area is as follows:
U.S.EuropeCanadaAsia PacificOtherConsolidated
(in thousands)
Three Months Ended:
June 29, 2024$571,427 $271,377 $125,244 $50,387 $7,682 $1,026,117 
July 1, 2023606,775 272,976 117,647 59,864 2,675 1,059,937 
Six Months Ended:
June 29, 2024$1,133,744 $547,696 $235,645 $96,159 $24,433 $2,037,677 
July 1, 20231,212,216 540,679 228,253 102,677 5,485 2,089,310 
Schedule of Client Receivables, Contract Assets and Contract Liabilities
The following table provides information about client receivables, contract assets, and contract liabilities from contracts with customers:
June 29, 2024December 30, 2023
(in thousands)
Assets from contracts with customers
Client receivables$568,283 $578,077 
Unbilled revenue218,889 228,020 
Total787,172 806,097 
Less: Allowance for credit losses(24,951)(25,722)
Trade receivables and contract assets, net$762,221 $780,375 
Liabilities from contracts with customers
Current deferred revenue$247,177 $241,820 
Long-term deferred revenue (included in Other long-term liabilities)29,139 30,919 
Customer contract deposits (included in Other current liabilities)92,032 85,554 
The associated revenue is recognized on a straight-line basis over the term of the lease, which is generally less than one year.
Three Months EndedSix Months Ended
June 29, 2024July 1, 2023June 29, 2024July 1, 2023
(in thousands)Affected Line Item in the Unaudited Condensed Consolidated Statements of Income
Lease revenue$16,716 $23,891 $37,690 $47,981 Service revenue
Schedule of Allowance for Credit Losses
The following is a summary of the activity of the Company’s allowance for credit losses:
Six Months Ended
June 29, 2024July 1, 2023
(in thousands)
Beginning balance$25,722 $11,278 
Provisions4,719 9,849 
Reductions(5,490)(3,087)
Ending balance$24,951 $18,040