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Segment Information | 9 Months Ended
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Sep. 26, 2015
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION The Company reports its financial performance in three segments: Research Models and Services, Discovery and Safety Assessment, and Manufacturing Support. The following table presents revenue and other financial information by reportable segment:
| Three Months Ended |  | Nine Months Ended
| September 26, 2015 |  | September 27, 2014 |  | September 26, 2015 |  | September 27, 2014
| (in thousands)
Research Models and Services |  |  |  |  |  |  |
Revenue | $ | 118,451 |  |  | $ | 124,021 |  |  | $ | 358,506 |  |  | $ | 389,636 |
Gross margin | 47,841 |  |  | 45,295 |  |  | 143,352 |  |  | 149,392 |
Operating income | 31,494 |  |  | 28,056 |  |  | 93,800 |  |  | 97,734 |
Depreciation and amortization | 5,319 |  |  | 7,277 |  |  | 16,712 |  |  | 20,277 |
Capital expenditures | 3,022 |  |  | 4,110 |  |  | 12,111 |  |  | 11,528 |
Discovery and Safety Assessment |  |  |  |  |  |  |
Revenue | $ | 158,272 |  |  | $ | 140,862 |  |  | $ | 451,659 |  |  | $ | 388,614 |
Gross margin | 53,721 |  |  | 39,968 |  |  | 146,660 |  |  | 105,084 |
Operating income | 33,191 |  |  | 19,329 |  |  | 84,856 |  |  | 48,840 |
Depreciation and amortization | 11,509 |  |  | 13,340 |  |  | 35,060 |  |  | 33,867 |
Capital expenditures | 4,277 |  |  | 3,436 |  |  | 13,756 |  |  | 11,330 |
Manufacturing Support |  |  |  |  |  |  |
Revenue | $ | 72,742 |  |  | $ | 62,684 |  |  | $ | 199,287 |  |  | $ | 189,864 |
Gross margin | 36,513 |  |  | 33,005 |  |  | 100,506 |  |  | 98,239 |
Operating income | 18,424 |  |  | 19,220 |  |  | 55,653 |  |  | 58,091 |
Depreciation and amortization | 5,139 |  |  | 3,513 |  |  | 12,034 |  |  | 10,625 |
Capital expenditures | 2,139 |  |  | 1,463 |  |  | 5,475 |  |  | 5,444 |
For the three months ended September 26, 2015, reconciliations of segment operating income, depreciation and amortization, and capital expenditures to the respective consolidated amounts are as follows:
| Operating Income |  | Depreciation and Amortization |  | Capital Expenditures
| September 26, 2015 |  | September 27, 2014 |  | September 26, 2015 |  | September 27, 2014 |  | September 26, 2015 |  | September 27, 2014
| (in thousands)
Total reportable segments | $ | 83,109 |  |  | $ | 66,605 |  |  | $ | 21,967 |  |  | $ | 24,130 |  |  | $ | 9,438 |  |  | $ | 9,009 |
Unallocated corporate | (27,669 | ) |  | (20,433 | ) |  | 1,847 |  |  | 1,938 |  |  | 1,014 |  |  | 393 |
Total consolidated | $ | 55,440 |  |  | $ | 46,172 |  |  | $ | 23,814 |  |  | $ | 26,068 |  |  | $ | 10,452 |  |  | $ | 9,402 |
For the nine months ended September 26, 2015, reconciliations of segment operating income, depreciation and amortization, and capital expenditures to the respective consolidated amounts are as follows:
| Operating Income |  | Depreciation and Amortization |  | Capital Expenditures
| September 26, 2015 |  | September 27, 2014 |  | September 26, 2015 |  | September 27, 2014 |  | September 26, 2015 |  | September 27, 2014
| (in thousands)
Total reportable segments | $ | 234,309 |  |  | $ | 204,665 |  |  | $ | 63,806 |  |  | $ | 64,769 |  |  | $ | 31,342 |  |  | $ | 28,302 |
Unallocated corporate | (80,129 | ) |  | (67,762 | ) |  | 5,524 |  |  | 5,666 |  |  | 3,666 |  |  | 1,605 |
Total consolidated | $ | 154,180 |  |  | $ | 136,903 |  |  | $ | 69,330 |  |  | $ | 70,435 |  |  | $ | 35,008 |  |  | $ | 29,907 |
Revenue for each significant product or service area is as follows:
| Three Months Ended |  | Nine Months Ended
| September 26, 2015 |  | September 27, 2014 |  | September 26, 2015 |  | September 27, 2014
| (in thousands)
Research models and services | $ | 118,451 |  |  | $ | 124,021 |  |  | $ | 358,506 |  |  | $ | 389,636 |
Discovery and safety assessment | 158,272 |  |  | 140,862 |  |  | 451,659 |  |  | 388,614 |
Microbial Solutions | 39,110 |  |  | 31,834 |  |  | 105,589 |  |  | 97,879 |
Other manufacturing support | 33,632 |  |  | 30,850 |  |  | 93,698 |  |  | 91,985 |
Manufacturing support | 72,742 |  |  | 62,684 |  |  | 199,287 |  |  | 189,864 |
Total revenue | $ | 349,465 |  |  | $ | 327,567 |  |  | $ | 1,009,452 |  |  | $ | 968,114 |
A summary of unallocated corporate overhead consists of the following:
| Three Months Ended |  | Nine Months Ended
| September 26, 2015 |  | September 27, 2014 |  | September 26, 2015 |  | September 27, 2014
| (in thousands)
Stock-based compensation expense | $ | 6,802 |  |  | $ | 4,918 |  |  | $ | 19,501 |  |  | $ | 13,525 |
Salary, bonus and fringe | 6,821 |  |  | 5,892 |  |  | 24,751 |  |  | 23,597 |
Consulting, audit and professional services | 4,280 |  |  | 3,053 |  |  | 11,051 |  |  | 8,721 |
IT related expenses | 2,618 |  |  | 1,767 |  |  | 6,167 |  |  | 4,667 |
Depreciation expense | 1,847 |  |  | 1,954 |  |  | 5,524 |  |  | 5,666 |
Acquisition related adjustments | 3,478 |  |  | 580 |  |  | 7,072 |  |  | 5,256 |
Other general unallocated corporate expenses | 1,823 |  |  | 2,269 |  |  | 6,063 |  |  | 6,330 |
Total unallocated corporate overhead costs | $ | 27,669 |  |  | $ | 20,433 |  |  | $ | 80,129 |  |  | $ | 67,762 |
Other general unallocated corporate expenses consist of various departmental costs including those associated with departments such as senior executives, corporate accounting, legal, tax, human resources, treasury, and investor relations. The total assets of the Manufacturing segment increased by $300.5 million since December 27, 2014, due primarily to the acquisitions of Sunrise and Celsis. Refer to Note 2, “Business Acquisitions.”

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
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