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SEGMENT AND GEOGRAPHIC INFORMATION (Tables)
 9 Months Ended
Sep. 28, 2024
Segment Reporting [Abstract]  
Schedule of Revenue and Other Financial Information by Business Segment The following table presents the results of operations by reportable segment:
Three Months EndedNine Months Ended
September 28, 2024September 30, 2023September 28, 2024September 30, 2023
(in thousands)
RMS  
Revenue$197,824 $186,848 $625,120 $596,562 
Cost of revenue (excluding amortization of intangible assets)137,906 126,640 421,773 381,332 
Selling, general and administrative26,453 26,483 84,943 81,194 
Amortization of intangible assets5,921 5,399 17,763 16,383 
Operating income$27,544 $28,326 $100,641 $117,653 
DSA
Revenue$615,060 $664,028 $1,847,931 $1,989,838 
Cost of revenue (excluding amortization of intangible assets)409,684 436,174 1,246,560 1,268,248 
Selling, general and administrative63,260 63,369 174,598 189,076 
Amortization of intangible assets15,680 17,666 47,122 52,726 
Operating income$126,436 $146,819 $379,651 $479,788 
Manufacturing
Revenue$196,879 $175,747 $574,389 $529,533 
Cost of revenue (excluding amortization of intangible assets)113,152 101,968 331,530 327,882 
Selling, general and administrative32,737 36,338 99,397 114,556 
Amortization of intangible assets10,802 11,166 32,363 34,311 
Operating income$40,188 $26,275 $111,099 $52,784 
Unallocated Corporate
Selling, general and administrative$76,763 $49,918 $196,357 $165,886 
Operating income (1)
$(76,763)$(49,918)$(196,357)$(165,886)
Consolidated
Revenue$1,009,763 $1,026,623 $3,047,440 $3,115,933 
Cost of revenue (excluding amortization of intangible assets)660,742 664,783 1,999,863 1,977,462 
Selling, general and administrative199,213 176,109 555,295 550,713 
Amortization of intangible assets32,403 34,229 97,248 103,419 
Operating income$117,405 $151,502 $395,034 $484,339 
(1) Operating income for unallocated corporate consists of costs associated with departments such as senior executives, corporate accounting, legal, tax, human resources, treasury, and investor relations.
Capital expenditures and depreciation and amortization (related to both intangible assets and certain assets acquired in business combinations) by reportable segment are as follows:
RMSDSAManufacturingUnallocated CorporateConsolidated
(in thousands)
Capital Expenditures
Three Months Ended:
September 28, 2024$7,186 $22,773 $8,735 $27 $38,721 
September 30, 20239,192 41,967 14,349 439 65,947 
Nine Months Ended:
September 28, 2024$36,543 $91,176 $28,180 $1,452 $157,351 
September 30, 202335,769 155,477 46,949 2,010 240,205 
Depreciation and amortization
Three Months Ended:
September 28, 2024$18,389 $47,751 $20,298 $1,760 $88,198 
September 30, 202313,872 44,088 20,070 840 78,870 
Nine Months Ended:
September 28, 2024$53,050 $141,269 $60,176 $5,142 $259,637 
September 30, 202341,310 129,662 59,677 2,961 233,610 
Schedule of Revenue by Geographic Area
The following table disaggregates the Company’s revenue by reportable segment and timing of transfer of products or services:
Three Months EndedNine Months Ended
September 28, 2024September 30, 2023September 28, 2024September 30, 2023
(in thousands)
Timing of Revenue Recognition:
RMS
Services and products transferred over time$93,446 $94,883 $285,794 $282,980 
Services and products transferred at a point in time104,378 91,965 339,326 313,582 
Total RMS revenue197,824 186,848 625,120 596,562 
DSA
Services and products transferred over time613,388 663,128 1,844,298 1,987,617 
Services and products transferred at a point in time1,672 900 3,633 2,221 
Total DSA revenue615,060 664,028 1,847,931 1,989,838 
Manufacturing
Services and products transferred over time107,284 94,446 311,823 280,992 
Services and products transferred at a point in time89,595 81,301 262,566 248,541 
Total Manufacturing revenue196,879 175,747 574,389 529,533 
Total revenue$1,009,763 $1,026,623 $3,047,440 $3,115,933 
Revenue by geographic area is as follows:
U.S.EuropeCanadaAsia Pacific
Other (1)
Consolidated
(in thousands)
Three Months Ended:
September 28, 2024$559,277 $267,123 $127,088 $45,009 $11,266 $1,009,763 
September 30, 2023590,316 264,787 129,023 40,233 2,264 1,026,623 
Nine Months Ended:
September 28, 2024$1,693,021 $814,819 $362,733 $141,168 $35,699 $3,047,440 
September 30, 20231,802,532 805,466 357,276 142,910 7,749 3,115,933 
(1) The Other category represents operations located in Brazil, Israel, and Mauritius.
Schedule of Long-Lived Assets by Geographic Area Long-lived assets by geographic area are as follows:
U.S.EuropeCanadaAsia PacificOtherConsolidated
(in thousands)
Long-lived assets
September 28, 2024$953,412 $425,967 $152,980 $70,816 $36,803 $1,639,978 
December 30, 2023964,176 407,375 157,483 74,605 36,102 1,639,741