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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]

PAY VERSUS PERFORMANCE TABLE

The following table sets forth information concerning the compensation of our NEOs for each of the fiscal years ended December 31, 2020, 2021 and 2022, and our financial performance for each such fiscal year:

(a)

(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)

 

 

 

 

 

Value of Initial Fixed
$100 Investment Based
on:

 

 

Year

Summary
Compensation
Table Total for
PEO
($)

Compensation
Actually Paid to
PEO
($)(1)

Average
Summary
Compensation
Table Total for
Non-PEO NEOs
($)

Average
Compensation
Actually Paid to
Non-PEO NEOs
($)(1)

Total
Shareholder
Return
($)

Peer Group
Total
Shareholder
Return
($)(2)

Net Income
($)

Operating
Income
($)(3)

2022

7,527,985

(8,179,992)

2,613,905

(201,923)

113.64

142.26

(3,627,535,000)

482,616,000

2021

8,695,925

20,595,138

3,192,227

4,907,168

204.19

184.53

4,254,257,000

500,336,000

2020

7,992,423

21,512,399

2,825,690

4,701,780

157.54

133.01

3,814,229,000

421,326,000

(1)

Amounts represent compensation actually paid to our PEO and the average compensation actually paid to our remaining NEOs for the relevant fiscal year, as determined under SEC rules (and described below), which includes the individuals indicated in the table below for each fiscal year:

 

Year

PEO

Non-PEO NEOs

 

 

2022

Norman Schwartz

Ilan Daskal, Andrew J. Last, Dara Grantham Wright, and Simon May

 

2021

Norman Schwartz

Ilan Daskal, Andrew J. Last, Dara Grantham Wright, and Michael Crowley

 

2020

Norman Schwartz

Ilan Daskal, Andrew J. Last, Dara Grantham Wright, and Annette Tumolo

 


 

 

 

Compensation actually paid to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year, as adjusted as follows:

 

 

2020

 

 

2021

 

2022

 

 

Adjustments

PEO

Average
Non-PEO
NEOs

PEO

Average
Non-PEO
NEOs

PEO

Average
Non-PEO
NEOs

 

Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table for Applicable FY

(4,979,219)

(1,552,522)

(5,550,383)

(2,000,631)

(5,398,348)

(1,687,288)

 

Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Remain Unvested as of Applicable FY End, determined as of Applicable FY End

5,810,738

1,777,727

5,069,873

1,910,628

3,112,887

1,702,143

 

Increase/deduction for Awards Granted during Prior FY that were Outstanding and Unvested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End

9,722,027

1,422,262

6,739,338

1,214,409

(8,215,022)

(2,062,446)

 

Increase/deduction for Awards Granted during Prior FY that Vested During Applicable FY, determined based on change in ASC 718 Fair Value from Prior FY End to Vesting Date

2,966,430

228,623

5,640,385

590,535

(5,207,494)

(768,237)

 

TOTAL ADJUSTMENTS

13,519,976

1,876,090

11,899,213

1,714,941

(15,707,977)

(2,815,828)

Fair value or change in fair value, as applicable, of equity awards in the “Compensation Actually Paid” columns was determined by reference to (i) for RSU awards, the closing price per share on the applicable year-end date(s) or, in the case of vesting dates, the closing price per share on the applicable vesting date(s); (ii) for PSU awards, the same valuation methodology as RSU awards above except that the year-end values are multiplied by the probability of achievement of the applicable performance objective as of the applicable date; and (iii) for stock options, a Black Scholes value as of the applicable year-end or vesting date(s), determined based on the same methodology as used to determine grant date fair value but using the closing stock price on the applicable revaluation date as the current market price and an expected life set equal to the remaining life of the award in the case of underwater stock options and, in the case of in-the-money options, the expected life estimated at the grant date reduced by the time lapsed from the grant date to the revaluation date, and in all cases based on volatility and risk free rates determined as of the revaluation date based on the expected life period and based on an expected dividend rate of 0%. For additional information on the assumptions used to calculate the valuation of the awards, see the Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for the fiscal year ended December 31, 2022 and prior fiscal years.

(2)

For the relevant fiscal year, represents the cumulative TSR (the “Peer Group TSR”) of the S&P 500 Life Sciences Tools & Services Index (the “Peer Group”).

(3)

Operating Income is a GAAP measure. We selected operating income as the Company Selected Measure because, among other things, operating income is a significantly weighted measure under our cash based-incentive bonus plan.

 

 


   
Named Executive Officers, Footnote [Text Block]
(1)

Amounts represent compensation actually paid to our PEO and the average compensation actually paid to our remaining NEOs for the relevant fiscal year, as determined under SEC rules (and described below), which includes the individuals indicated in the table below for each fiscal year:

 

Year

PEO

Non-PEO NEOs

 

 

2022

Norman Schwartz

Ilan Daskal, Andrew J. Last, Dara Grantham Wright, and Simon May

 

2021

Norman Schwartz

Ilan Daskal, Andrew J. Last, Dara Grantham Wright, and Michael Crowley

 

2020

Norman Schwartz

Ilan Daskal, Andrew J. Last, Dara Grantham Wright, and Annette Tumolo

   
Peer Group Issuers, Footnote [Text Block] For the relevant fiscal year, represents the cumulative TSR (the “Peer Group TSR”) of the S&P 500 Life Sciences Tools & Services Index (the “Peer Group”).    
PEO Total Compensation Amount $ 7,527,985 $ 8,695,925 $ 7,992,423
PEO Actually Paid Compensation Amount $ (8,179,992) 20,595,138 21,512,399
Adjustment To PEO Compensation, Footnote [Text Block]

 

 

 

Compensation actually paid to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year, as adjusted as follows:

 

 

2020

 

 

2021

 

2022

 

 

Adjustments

PEO

Average
Non-PEO
NEOs

PEO

Average
Non-PEO
NEOs

PEO

Average
Non-PEO
NEOs

 

Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table for Applicable FY

(4,979,219)

(1,552,522)

(5,550,383)

(2,000,631)

(5,398,348)

(1,687,288)

 

Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Remain Unvested as of Applicable FY End, determined as of Applicable FY End

5,810,738

1,777,727

5,069,873

1,910,628

3,112,887

1,702,143

 

Increase/deduction for Awards Granted during Prior FY that were Outstanding and Unvested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End

9,722,027

1,422,262

6,739,338

1,214,409

(8,215,022)

(2,062,446)

 

Increase/deduction for Awards Granted during Prior FY that Vested During Applicable FY, determined based on change in ASC 718 Fair Value from Prior FY End to Vesting Date

2,966,430

228,623

5,640,385

590,535

(5,207,494)

(768,237)

 

TOTAL ADJUSTMENTS

13,519,976

1,876,090

11,899,213

1,714,941

(15,707,977)

(2,815,828)

Fair value or change in fair value, as applicable, of equity awards in the “Compensation Actually Paid” columns was determined by reference to (i) for RSU awards, the closing price per share on the applicable year-end date(s) or, in the case of vesting dates, the closing price per share on the applicable vesting date(s); (ii) for PSU awards, the same valuation methodology as RSU awards above except that the year-end values are multiplied by the probability of achievement of the applicable performance objective as of the applicable date; and (iii) for stock options, a Black Scholes value as of the applicable year-end or vesting date(s), determined based on the same methodology as used to determine grant date fair value but using the closing stock price on the applicable revaluation date as the current market price and an expected life set equal to the remaining life of the award in the case of underwater stock options and, in the case of in-the-money options, the expected life estimated at the grant date reduced by the time lapsed from the grant date to the revaluation date, and in all cases based on volatility and risk free rates determined as of the revaluation date based on the expected life period and based on an expected dividend rate of 0%. For additional information on the assumptions used to calculate the valuation of the awards, see the Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for the fiscal year ended December 31, 2022 and prior fiscal years.

(2)

For the relevant fiscal year, represents the cumulative TSR (the “Peer Group TSR”) of the S&P 500 Life Sciences Tools & Services Index (the “Peer Group”).

(3)

Operating Income is a GAAP measure. We selected operating income as the Company Selected Measure because, among other things, operating income is a significantly weighted measure under our cash based-incentive bonus plan.

 

   
Non-PEO NEO Average Total Compensation Amount $ 2,613,905 3,192,227 2,825,690
Non-PEO NEO Average Compensation Actually Paid Amount $ (201,923) 4,907,168 4,701,780
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]

 

 

Compensation actually paid to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year, as adjusted as follows:

 

 

2020

 

 

2021

 

2022

 

 

Adjustments

PEO

Average
Non-PEO
NEOs

PEO

Average
Non-PEO
NEOs

PEO

Average
Non-PEO
NEOs

 

Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table for Applicable FY

(4,979,219)

(1,552,522)

(5,550,383)

(2,000,631)

(5,398,348)

(1,687,288)

 

Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Remain Unvested as of Applicable FY End, determined as of Applicable FY End

5,810,738

1,777,727

5,069,873

1,910,628

3,112,887

1,702,143

 

Increase/deduction for Awards Granted during Prior FY that were Outstanding and Unvested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End

9,722,027

1,422,262

6,739,338

1,214,409

(8,215,022)

(2,062,446)

 

Increase/deduction for Awards Granted during Prior FY that Vested During Applicable FY, determined based on change in ASC 718 Fair Value from Prior FY End to Vesting Date

2,966,430

228,623

5,640,385

590,535

(5,207,494)

(768,237)

 

TOTAL ADJUSTMENTS

13,519,976

1,876,090

11,899,213

1,714,941

(15,707,977)

(2,815,828)

Fair value or change in fair value, as applicable, of equity awards in the “Compensation Actually Paid” columns was determined by reference to (i) for RSU awards, the closing price per share on the applicable year-end date(s) or, in the case of vesting dates, the closing price per share on the applicable vesting date(s); (ii) for PSU awards, the same valuation methodology as RSU awards above except that the year-end values are multiplied by the probability of achievement of the applicable performance objective as of the applicable date; and (iii) for stock options, a Black Scholes value as of the applicable year-end or vesting date(s), determined based on the same methodology as used to determine grant date fair value but using the closing stock price on the applicable revaluation date as the current market price and an expected life set equal to the remaining life of the award in the case of underwater stock options and, in the case of in-the-money options, the expected life estimated at the grant date reduced by the time lapsed from the grant date to the revaluation date, and in all cases based on volatility and risk free rates determined as of the revaluation date based on the expected life period and based on an expected dividend rate of 0%. For additional information on the assumptions used to calculate the valuation of the awards, see the Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for the fiscal year ended December 31, 2022 and prior fiscal years.

(2)

For the relevant fiscal year, represents the cumulative TSR (the “Peer Group TSR”) of the S&P 500 Life Sciences Tools & Services Index (the “Peer Group”).

(3)

Operating Income is a GAAP measure. We selected operating income as the Company Selected Measure because, among other things, operating income is a significantly weighted measure under our cash based-incentive bonus plan.

   
Compensation Actually Paid vs. Total Shareholder Return [Text Block]

TSR amounts reported in the graph assume an initial fixed investment of $100, and that all dividends, if any, were reinvested.

 

   
Compensation Actually Paid vs. Net Income [Text Block]

 

   
Compensation Actually Paid vs. Company Selected Measure [Text Block]

 

 

   
Tabular List [Table Text Block]

Pay Versus Performance Tabular List

We believe the following performance measures represent the most important financial performance measures used by us to link compensation actually paid to our NEOs for the fiscal year ended December 31, 2022:

Operating Income;

Sales; and

Adjusted EBITDA Margin. 

For additional details regarding our most important financial performance measures, please see the sections titled “Incentive Bonus Plan, Or IBP (Cash-Based Incentive Program)” and “Equity Compensation” in our Compensation Discussion and Analysis (CD&A) elsewhere in this Proxy Statement.

   
Total Shareholder Return Amount $ 113.64 204.19 157.54
Peer Group Total Shareholder Return Amount [1] 142.26 184.53 133.01
Net Income (Loss) $ (3,627,535,000,000) $ 4,254,257,000,000 $ 3,814,229,000,000
Company Selected Measure Amount 482,616 500,336 421,326
PEO Name Norman Schwartz Norman Schwartz  
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name Operating Income    
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name Sales    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name Adjusted EBITDA Margin.    
Non-PEO NEO [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (1,687,288) $ (2,000,631) $ (1,552,522)
Non-PEO NEO [Member] | Adjustment Type 2 [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,702,143 1,910,628 1,777,727
Non-PEO NEO [Member] | Adjustment Type 3 [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (2,062,446) 1,214,409 1,422,262
Non-PEO NEO [Member] | Adjustment Type 4 [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (768,237) $ 590,535 $ 228,623
Non-PEO NEO [Member] | Llan Daskal [Member]      
Pay vs Performance Disclosure [Table]      
PEO Name lan Daskal Ilan Daskal, lan Daskal
Non-PEO NEO [Member] | Andrew J Last [Member]      
Pay vs Performance Disclosure [Table]      
PEO Name Andrew J. Last   Andrew J. Last,
Non-PEO NEO [Member] | Dara Grantham Wright [Member]      
Pay vs Performance Disclosure [Table]      
PEO Name Dara Grantham Wright Dara Grantham Wright Dara Grantham Wright
Non-PEO NEO [Member] | Simon May [Member]      
Pay vs Performance Disclosure [Table]      
PEO Name Simon May    
Non-PEO NEO [Member] | Michael Crowley [Member]      
Pay vs Performance Disclosure [Table]      
PEO Name   Michael Crowley  
Non-PEO NEO [Member] | Annette Tumolo [Member]      
Pay vs Performance Disclosure [Table]      
PEO Name     Annette Tumolo
PEO [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (5,398,348) $ (5,550,383) $ (4,979,219)
PEO [Member] | Adjustment Type 2 [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 3,112,887 5,069,873 5,810,738
PEO [Member] | Adjustment Type 3 [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (8,215,022) 6,739,338 9,722,027
PEO [Member] | Adjustment Type 4 [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (5,207,494) $ 5,640,385 $ 2,966,430
[1] Operating Income is a GAAP measure. We selected operating income as the Company Selected Measure because, among other things, operating income is a significantly weighted measure under our cash based-incentive bonus plan.