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Segment Information
 9 Months Ended
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.”