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Segment and Enterprise Reporting (Tables) | 9 Months Ended
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Oct. 01, 2022
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Selected information by reportable segment is presented below for the three and nine months ended October 1, 2022 and October 2, 2021:
| Three Months Ended |  | Nine Months Ended
(in millions) | October 1, 2022 |  | October 2, 2021 |  | October 1, 2022 |  | October 2, 2021
Revenues by segment: |  |  |  |  |  |  |
Healthcare | $ | 327.2 |  |  | $ | 307.4 |  |  | $ | 988.5 |  |  | $ | 911.6 |
Non-healthcare | 222.1 |  |  | — |  |  | 430.3 |  |  | — |
Total revenue by segment | $ | 549.3 |  |  | $ | 307.4 |  |  | $ | 1,418.8 |  |  | $ | 911.6 |
Gross profit: |  |  |  |  |  |  |
Healthcare | $ | 211.4 |  |  | $ | 204.4 |  |  | 653.5 |  |  | $ | 599.6 |
Non-healthcare | 77.7 |  |  | — |  |  | 150.3 |  |  | — |
Corporate overhead | — |  |  | — |  |  | — |  |  | — |
Other(1) | (6.6) |  |  | (0.8) |  |  | (58.4) |  |  | (6.1) |
Gross profit | $ | 282.5 |  |  | $ | 203.6 |  |  | $ | 745.4 |  |  | $ | 593.5 |
Gross profit margin: |  |  |  |  |  |  |
Healthcare | 64.6 | % |  | 66.5 | % |  | 66.1 | % |  | 65.8 | %
Non-healthcare | 35.0 |  |  | — |  |  | 34.9 |  |  | — |
Corporate overhead | — |  |  | — |  |  | — |  |  | — |
Other(1) | (1.2) |  |  | (0.1) |  |  | (10.6) |  |  | (1.1) |
Gross profit margin: | 51.4 | % |  | 66.2 | % |  | 52.5 | % |  | 65.1 | %
Operating income (loss): |  |  |  |  |  |  |
Healthcare | $ | 80.9 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Non-healthcare | 14.7 |  |  | — |  |  | — |  |  | — |
Corporate overhead | (14.2) |  |  | — |  |  | — |  |  | — |
Other(1) | (26.6) |  |  | — |  |  | — |  |  | — |
Operating income | $ | 54.8 |  |  | $ | 67.6 |  |  | $ | 136.7 |  |  | $ | 198.4 |
Interest income | $ | 0.5 |  |  | $ | 0.2 |  |  | $ | 1.0 |  |  | $ | 0.7 |
Interest expense | (9.7) |  |  | — |  |  | (14.3) |  |  | (0.2) |
Other expense (income), net | 6.4 |  |  | (0.2) |  |  | 14.3 |  |  | (1.2) |
Income before income taxes | $ | 52.0 |  |  | $ | 67.6 |  |  | $ | 137.7 |  |  | $ | 197.7 |
_______________ (1) Management excludes certain corporate expenses from segment operating income. In addition, certain amounts that management considers to be non-recurring or non-operational are excluded from segment operating income because management evaluates the operating results of the segments excluding such items. Corporate overhead represents certain costs that are not allocated to the segments for purposes of the CODM assessing performance and allocating resources--for example, the costs of being a publicly traded company. The Company’s depreciation and amortization by segment:
| Three Months Ended |  | Nine Months Ended
(in millions) | October 1, 2022 |  | October 2, 2021 |  | October 1, 2022 |  | October 2, 2021
Depreciation and amortization by segment: |  |  |  |  |  |  |
Healthcare | $ | 9.0 |  |  | $ | 9.2 |  |  | $ | 27.1 |  |  | $ | 26.4 |
Non-healthcare | 13.9 |  |  | — |  |  | 29.5 |  |  | — |
Total depreciation and amortization | $ | 22.9 |  |  | $ | 9.2 |  |  | $ | 56.6 |  |  | $ | 26.4 |
The Company’s total assets by segment:
| As of |  | As of
(in millions) | October 1, 2022 |  | January 1, 2022
Total assets by segment: |  |  |  |  |  |  |
Healthcare | $ | 1,514.2 |  |  |  |  | $ | 1,866.4 |  |  |
Non-healthcare | 1,522.9 |  |  |  |  | — |  |  |
Corporate overhead | 19.3 |  |  |  |  | 20.6 |  |  |
Other | — |  |  |  |  | — |  |  |
Total assets | $ | 3,056.4 |  |  |  |  | $ | 1,887.0 |  |  |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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