XML 24 R13.htm IDEA: XBRL DOCUMENT v3.25.3
Segment Data
 9 Months Ended
Sep. 27, 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
Nine Months Ended
September 27,
September 28,
September 27,
September 28,
2025
2024
2025
2024
Gross Sales:
Global Distribution and Value
 
-Added Services
(1)
$
2,840
$
2,711
$
8,247
$
8,058
Global Specialty Products
(2)
369
348
1,122
1,078
Global Technology
(3)
173
157
502
470
Total Gross Sales
3,382
3,216
9,871
9,606
Less: Eliminations:
Global Distribution and Value
 
-Added Services
 
(5)
(5)
(13)
(26)
Global Specialty Products
(38)
(37)
(111)
(98)
Global Technology
-
-
-
-
Total Eliminations
(43)
(42)
(124)
(124)
Net Sales
Global Distribution and Value
 
-Added Services
 
2,835
2,706
8,234
8,032
Global Specialty Products
 
331
311
1,011
980
Global Technology
173
157
502
470
Total Net Sales
3,339
3,174
9,747
9,482
Segment Cost of Sales
(4)
Global Distribution and Value
 
-Added Services
 
2,138
2,025
6,176
5,964
Global Specialty Products
165
152
501
478
Global Technology
58
50
163
152
Total Segment Cost of Sales
2,361
2,227
6,840
6,594
Segment Operating Expenses
(5)
Global Distribution and Value
 
-Added Services
 
524
502
1,567
1,563
Global Specialty Products
133
151
442
472
Global Technology
69
68
206
211
Total Segment Operating Expenses
726
721
2,215
2,246
Segment Operating Income
Global Distribution and Value
 
-Added Services
178
184
504
531
Global Specialty Products
71
45
179
128
Global Technology
46
39
133
107
Total Segment Operating Income
295
268
816
766
Corporate, net
(33)
(25)
(99)
(55)
Adjustments
(6)
(98)
(86)
(227)
(245)
Total Operating Income
$
164
$
157
$
490
$
466
Three Months Ended
Nine Months Ended
September 27,
September 28,
September 27,
September 28,
2025
2024
2025
2024
Depreciation and Amortization
Global Distribution and Value
 
-Added Services
$
7
$
7
$
20
$
19
Global Specialty Products
11
7
28
21
Global Technology
9
8
26
26
Total Segment Depreciation and Amortization
27
22
74
66
Corporate
7
5
22
15
Acquisition intangible amortization within
adjustments
(6)
46
47
133
140
Total Depreciation and Amortization
$
80
$
74
$
229
$
221
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
Nine Months Ended
September 27,
September 28,
September 27,
September 28,
2025
2024
2025
2024
Adjustments:
Restructuring costs
$
(34)
$
(48)
$
(82)
$
(73)
Acquisition intangible amortization
(46)
(47)
(133)
(140)
Cyber incident-insurance proceeds, net of third-party advisory
expenses
-
9
20
11
Change in contingent consideration
(6)
-
(4)
(38)
Litigation settlements
(2)
-
(3)
(5)
Impairment of intangible assets
-
-
(1)
-
Costs associated with shareholder advisory matters and select
value creation consulting costs
(10)
-
(24)
-
Total adjustments
$
(98)
$
(86)
$
(227)
$
(245)