XML 24 R13.htm IDEA: XBRL DOCUMENT v3.25.2
Segment Data
 6 Months Ended
Jun. 28, 2025
Segment Data [Abstract]  
Segment Data
Note 5
 
–
Segment Data
During the fourth quarter of our fiscal year ended December 28, 2024,
 
we revised our reportable segments to align
with how the Chairman and Chief Executive Officer manages the business, assesses
 
performance and allocates
resources.
 
Our revised reportable segments now consist of: (i) Global Distribution
 
and Value
 
-Added Services; (ii)
Global Specialty Products; and (iii) Global Technology.
 
These segments offer different products and services to
the same customer base.
 
All prior comparative segment information has been recast
 
to reflect our new segment
structure.
 
We aggregate operating segments into these reportable segments based on economic similarities, the nature of their
products, customer base and methods of distribution.
 
Global Distribution and Value-Added Services includes distribution to the global dental and medical markets of
national brand and corporate brand merchandise, as well as equipment and related
 
technical services.
 
This segment
also includes value-added services such as financial services, continuing
 
education services, consulting and other
services.
 
This segment also markets and sells under our own corporate brand
 
a portfolio of cost-effective, high-
quality consumable merchandise.
 
Global Specialty Products includes manufacturing, marketing
 
and sales of dental
implant and biomaterial products; and endodontic, orthodontic and orthopedic
 
products and other health care-
related products and services.
 
Global Technology includes development and distribution of practice management
software, e-services and other products, which are distributed to health
 
care providers.
Our organizational structure also includes Corporate, which consists primarily of
 
income and expenses associated
with support functions and projects.
Our chief operating decision maker (“CODM”) is our Chairman
 
and Chief Executive Officer.
 
Our CODM uses
adjusted operating income as the profitability metric for purposes of making
 
decisions about allocation of resources
to each segment and assessing performance of each segment.
 
Adjusted operating income provides a measure of our
underlying segment results that is in line with our approach to risk and performance
 
management.
 
We define
adjusted operating income as operating income adjusted to exclude
 
(a) direct cybersecurity costs and related
insurance recovery proceeds, (b) amortization of acquisition intangibles,
 
(c) organizational restructuring expenses,
(d) impairment of intangible assets, (e) changes in fair value of contingent consideration,
 
(f) litigation settlements,
and (g) costs associated with shareholder advisory matters and select value
 
creation consulting costs.
 
These
adjustments are either: (i) non-cash or non-recurring in nature; (ii) not allocable
 
or controlled by the segment; or
(iii) not tied to the operational performance of the segment.
 
Assets by segment are not a measure used to assess the
performance of the Company by CODM and thus are not reported in
 
our disclosures.
Segment adjusted operating income is presented in the following
 
table to reconcile to operating income as
presented on the condensed consolidated statement of operations.
 
The reconciliation from operating income to
income before taxes and equity in earnings of affiliates is presented on our condensed consolidated
 
statements of
income.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
Six Months Ended
June 28,
June 29,
June 28,
June 29,
2025
2024
2025
2024
Gross Sales:
Global Distribution and Value
 
-Added Services
(1)
$
2,731
$
2,654
$
5,407
$
5,347
Global Specialty Products
(2)
386
370
753
730
Global Technology
(3)
167
156
329
313
Total Gross Sales
3,284
3,180
6,489
6,390
Less: Eliminations:
Global Distribution and Value
 
-Added Services
 
(4)
(13)
(8)
(21)
Global Specialty Products
(40)
(31)
(73)
(61)
Global Technology
-
-
-
-
Total Eliminations
(44)
(44)
(81)
(82)
Net Sales
Global Distribution and Value
 
-Added Services
 
2,727
2,641
5,399
5,326
Global Specialty Products
 
346
339
680
669
Global Technology
167
156
329
313
Total Net Sales
3,240
3,136
6,408
6,308
Segment Cost of Sales
(4)
Global Distribution and Value
 
-Added Services
 
2,043
1,953
4,038
3,939
Global Specialty Products
175
165
336
326
Global Technology
53
51
105
102
Total Segment Cost of Sales
2,271
2,169
4,479
4,367
Segment Operating Expenses
(5)
Global Distribution and Value
 
-Added Services
 
529
525
1,043
1,061
Global Specialty Products
159
165
309
321
Global Technology
69
71
137
143
Total Segment Operating Expenses
757
761
1,489
1,525
Segment Operating Income
Global Distribution and Value
 
-Added Services
159
176
326
347
Global Specialty Products
52
40
108
83
Global Technology
45
34
87
68
Total Segment Operating Income
256
250
521
498
Corporate, net
(31)
(8)
(66)
(30)
Adjustments
(6)
(74)
(83)
(129)
(159)
Total Operating Income
$
151
$
159
$
326
$
309
Three Months Ended
Six Months Ended
June 28,
June 29,
June 28,
June 29,
2025
2024
2025
2024
Depreciation and Amortization
Global Distribution and Value
 
-Added Services
$
36
$
34
$
71
$
70
Global Specialty Products
29
28
56
53
Global Technology
11
12
22
24
Total Depreciation and Amortization
$
76
$
74
$
149
$
147
Global Distribution and Value
 
-Added Services: Includes distribution of infection-control products, handpieces, preventatives,
impression materials, composites, anesthetics, teeth, gypsum, acrylics, articulators, abrasives, personal protective equipment
(“PPE”) products,
 
branded and generic pharmaceuticals, vaccines, surgical products, diagnostic tests, dental chairs, delivery units
and lights, digital dental laboratories, X-ray supplies and equipment, high-tech and digital restoration equipment, equipment repair
services, financial services on a non-recourse basis, continuing education services for practitioners, consulting and other services.
 
This segment also markets and sells under our own corporate brand a portfolio of cost-effective, high-quality consumable
merchandise.
(2)
Global Specialty Products: Includes manufacturing, marketing and sales of dental implant and biomaterial products; and
endodontic, orthodontic and orthopedic products and other health care-related products and services.
(3)
Global Technology: Includes development and distribution of practice management software, e-services and other products, which
are distributed to health care providers.
(4)
Cost of goods sold in our Global Distribution and Value-Added Services segment and our Global Specialty Products segment
includes product cost and inbound and outbound freight charges.
 
Cost of goods sold in our Global Technology segment consists
primarily of software development and third-party provider costs, including technology use and hosting fees.
 
(5)
Significant segment operating expenses for our reportable segments and Corporate include primarily compensation costs, and to a
lesser extent, rent, depreciation and maintenance costs related to operating our facilities.
Adjustments represent items excluded from segment operating income to enable comparison of financial results between periods.
 
The following table presents a breakdown of such adjustments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
Six Months Ended
June 28,
June 29,
June 28,
June 29,
2025
2024
2025
2024
Adjustments:
Restructuring costs
$
(23)
$
(15)
$
(48)
$
(25)
Acquisition intangible amortization
(44)
(47)
(87)
(93)
Cyber incident-insurance proceeds, net of third-party advisory
expenses
-
7
20
2
Change in contingent consideration
-
(23)
2
(38)
Litigation settlements
(1)
(5)
(1)
(5)
Impairment of intangible assets
-
-
(1)
-
Costs associated with shareholder advisory matters and select
value creation consulting costs
(6)
-
(14)
-
Total adjustments
$
(74)
$
(83)
$
(129)
$
(159)