XML 36 R22.htm IDEA: XBRL DOCUMENT
v3.19.2

RESTRUCTURING AND ASSET IMPAIRMENTS | 6 Months Ended
--- | ---
Jun. 29, 2019
Restructuring and Related Activities [Abstract] |
RESTRUCTURING AND ASSET IMPAIRMENTS | RESTRUCTURING AND ASSET IMPAIRMENTS Global Restructuring Initiatives In recent fiscal years, the Company has undertaken productivity improvement initiatives within all reportable segments at various locations across the U.S., Europe, and Japan. This includes workforce right-sizing and scalability initiatives, resulting in severance and transition costs; and cost related to the consolidation of facilities, resulting in asset impairment and accelerated depreciation charges. The Company’s existing lease obligations for certain facilities continue through various dates, the latest being 2028. The following table presents a summary of restructuring costs related to these initiatives within the unaudited condensed consolidated statements of income.
| Three Months Ended
| June 29, 2019 |  | June 30, 2018
| Severance and Transition Costs |  | Asset Impairments and Other Costs |  | Total |  | Severance and Transition Costs |  | Asset Impairments and Other Costs |  | Total
| (in thousands)
Cost of services provided and products sold (excluding amortization of intangible assets) | $ | 371 |  |  | $ | 356 |  |  | $ | 727 |  |  | $ | 174 |  |  | $ | — |  |  | $ | 174 |
Selling, general and administrative | 940 |  |  | 18 |  |  | 958 |  |  | 1,682 |  |  | — |  |  | 1,682 |
Total | $ | 1,311 |  |  | $ | 374 |  |  | $ | 1,685 |  |  | $ | 1,856 |  |  | $ | — |  |  | $ | 1,856 |
| Six Months Ended
| June 29, 2019 |  | June 30, 2018
| Severance and Transition Costs |  | Asset Impairments and Other Costs |  | Total |  | Severance and Transition Costs |  | Asset Impairments and Other Costs |  | Total
| (in thousands)
Cost of services provided and products sold (excluding amortization of intangible assets) | $ | 638 |  |  | $ | 1,505 |  |  | $ | 2,143 |  |  | $ | 737 |  |  | $ | 22 |  |  | $ | 759 |
Selling, general and administrative | 1,073 |  |  | 18 |  |  | 1,091 |  |  | 1,735 |  |  | — |  |  | 1,735 |
Total | $ | 1,711 |  |  | $ | 1,523 |  |  | $ | 3,234 |  |  | $ | 2,472 |  |  | $ | 22 |  |  | $ | 2,494 |
The following table presents restructuring costs by reportable segment for these productivity improvement initiatives:
| Three Months Ended |  | Six Months Ended
| June 29, 2019 |  | June 30, 2018 |  | June 29, 2019 |  | June 30, 2018
| (in thousands)
RMS | $ | 641 |  |  | $ | — |  |  | $ | 942 |  |  | $ | — |
DSA | 672 |  |  | 1,197 |  |  | 685 |  |  | 965 |
Manufacturing | 372 |  |  | — |  |  | 1,607 |  |  | 870 |
Unallocated corporate | — |  |  | 659 |  |  | — |  |  | 659 |
Total | $ | 1,685 |  |  | $ | 1,856 |  |  | $ | 3,234 |  |  | $ | 2,494 |
2017 RMS Restructuring Initiative In the fourth quarter of fiscal year 2017, the Company committed to a plan to further reduce costs and improve operating efficiencies in its RMS reportable segment. The plan included ceasing production within the Company’s facility in Maryland and repurposing it for alternative initiatives, and reducing its workforce at certain RMS facilities during 2018. The following table presents a summary of severance and transition costs, and asset impairments (referred to as restructuring costs) during the three and six months ended June 30, 2018 related to this initiative within the unaudited condensed consolidated statements of income. The Company did no t incur any restructuring costs in the three and six months ended June 29, 2019.
| June 30, 2018
| Three Months Ended |  | Six Months Ended
| Severance and Transition Costs |  | Asset Impairments and Other Costs |  | Total |  | Severance and Transition Costs |  | Asset Impairments and Other Costs |  | Total
Cost of services provided and products sold (excluding amortization of intangible assets) | $ | 202 |  |  | $ | 69 |  |  | $ | 271 |  |  | $ | 555 |  |  | $ | 584 |  |  | $ | 1,139 |
Selling, general and administrative | 18 |  |  | — |  |  | 18 |  |  | 188 |  |  | — |  |  | 188 |
Total | $ | 220 |  |  | $ | 69 |  |  | $ | 289 |  |  | $ | 743 |  |  | $ | 584 |  |  | $ | 1,327 |
Cumulative restructuring costs incurred during 2017 and 2018 were $20.1 million, which primarily related to non-cash asset impairments and accelerated depreciation charges of $17.7 million and cash payments for severance and transition costs of $1.2 million and were recorded in the RMS reportable segment. All severance and transition costs have been paid as of June 29, 2019 and n o further restructuring costs related to the 2017 RMS Restructuring Initiative are expected to be incurred. The following table provides a rollforward for all of the Company’s severance and transition costs, and lease obligation liabilities related to all restructuring activities:
| Three Months Ended |  | Six Months Ended
| June 29, 2019 |  | June 30, 2018 |  | June 29, 2019 |  | June 30, 2018
| (in thousands)
Beginning balance | $ | 2,113 |  |  | $ | 7,053 |  |  | $ | 2,921 |  |  | $ | 6,856 |
Expense (excluding non-cash charges) | 1,609 |  |  | 2,076 |  |  | 2,855 |  |  | 3,215 |
Payments / utilization | (970 | ) |  | (1,990 | ) |  | (3,004 | ) |  | (3,138 | )
Foreign currency adjustments | 6 |  |  | (329 | ) |  | (14 | ) |  | (123 | )
Ending balance | $ | 2,758 |  |  | $ | 6,810 |  |  | $ | 2,758 |  |  | $ | 6,810 |
As of June 29, 2019 and June 30, 2018, $2.7 million and $2.6 million of severance and other personnel related costs liabilities and lease obligation liabilities, respectively, were included in accrued compensation and accrued liabilities within the Company’s unaudited condensed consolidated balance sheets and $0.1 million and $4.2 million, respectively, were included in other long-term liabilities within the Company’s unaudited condensed consolidated balance sheets.

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References No definition available. + Details
Name: | us-gaap_RestructuringImpairmentAndOtherActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration