Revenue from Contract with Customer [Text Block]

Revenue

Disaggregation of revenue

In the following tables, revenue is disaggregated by primary geographical markets, primary end-markets and timing of revenue recognition.


	Reportable Segments
	Three Months Ended
	April 3, 2022						April 4, 2021
	Discovery & Analytical Solutions		Diagnostics		Total		Discovery & Analytical Solutions		Diagnostics		Total
	(In thousands)
Primary geographical markets
Americas	$	273,158	$	327,936	$	601,094	$	175,115	$	400,927	$	576,042
Europe	158,238		198,168		356,406		135,458		311,743		447,201
Asia	170,970		130,972		301,942		144,036		140,410		284,446
	$	602,366	$	657,076	$	1,259,442	$	454,609	$	853,080	$	1,307,689

Primary end-markets
Diagnostics	$	—	$	657,076	$	657,076	$	—	$	853,080	$	853,080
Life sciences	412,409		—		412,409		277,201		—		277,201
Applied markets	189,957		—		189,957		177,408		—		177,408
	$	602,366	$	657,076	$	1,259,442	$	454,609	$	853,080	$	1,307,689

Timing of revenue recognition
Products and services transferred at a point in time	$	461,314	$	554,520	$	1,015,834	$	326,662	$	615,106	$	941,768
Services transferred over time	141,052		102,556		243,608		127,947		237,974		365,921
	$	602,366	$	657,076	$	1,259,442	$	454,609	$	853,080	$	1,307,689

Major Customer Concentration

Revenues from one customer in the Company's Diagnostics segment represent approximately $112.7 million and $205.6 million of the Company's total revenue for the three months ended April 3, 2022 and April 4, 2021, respectively.

On March 31, 2022, the Company was notified by the California Department of Public Health (“CDPH”) that, due to the decrease in COVID-19 cases and the related decreased need for testing for COVID-19, the CDPH intends to end its contract with the Company for the supply and operation of the Valencia Branch Laboratory effective on May 15, 2022. The Company shall recognize the unamortized contract liability pertaining to the nonrefundable prepayment as revenue over the remaining period through May 15, 2022. As of March 31, 2022, the unamortized contract liability was $126.2 million. The contract liability that the Company expects to recognize in revenue in the second quarter of fiscal year 2022 amounts to $117.8 million.

Contract Balances

Contract assets: The unbilled receivables (contract assets) primarily relate to the Company's right to consideration for work completed but not billed at the reporting date. The unbilled receivables are transferred to trade receivables when billed to customers. Contract assets are generally classified as current assets and are included in "Accounts receivable, net" in the condensed consolidated balance sheets.


	(In thousands)
Balance at January 2, 2022	$	72,117
Transferred to trade receivables from unbilled receivables recognized at the beginning of the period	(37,062)
Increases as a result of recognition of revenue before billing to customers, excluding amounts transferred to trade receivables during the period	27,156
Balance at April 3, 2022	$	62,211

Contract liabilities: The contract liabilities primarily relate to the advance consideration received from customers for products and related services for which transfer of control has not occurred at the balance sheet date. Contract liabilities are classified as either current in "Accounts payable" or "Accrued expenses and other current liabilities" or as long-term in "Long-term liabilities" in the condensed consolidated balance sheets based on the timing of when the Company expects to recognize revenue.


	(In thousands)
Balance at January 2, 2022	$	201,073
Revenue recognized that was included in the contract liability balance at the beginning of the period	(57,691)
Increases due to cash received, excluding amounts recognized as revenue during the period	28,486
Balance at April 3, 2022	$	171,868