XML 33 R22.htm IDEA: XBRL DOCUMENT v3.23.1

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

3 Months Ended

Apr. 01, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table disaggregates the Company’s revenue by major business line and timing of transfer of products or services:

									Three Months Ended
															April 1, 2023						March 26, 2022
															(in thousands)
Timing of Revenue Recognition:
RMS
Services and products transferred over time															$	93,639					$	69,924
Services and products transferred at a point in time															106,127						106,618
Total RMS revenue															199,766						176,542
DSA
Services and products transferred over time															661,836						542,336
Services and products transferred at a point in time															517						1,923
Total DSA revenue															662,353						544,259
Manufacturing
Services and products transferred over time															86,086						95,009
Services and products transferred at a point in time															81,168						98,119
Total Manufacturing revenue															167,254						193,128
Total revenue															$	1,029,373					$	913,929

Revenue by geographic area is as follows:

			U.S.						Europe						Canada						Asia Pacific						Other						Consolidated
			(in thousands)
Three Months Ended:
April 1, 2023			$	605,441					$	267,703					$	110,606					$	42,813					$	2,810					$	1,029,373
March 26, 2022			526,549						251,087						85,246						48,946						2,101						913,929

Schedule of Client Receivables, Contract Assets and Contract Liabilities

The following table provides information about client receivables, contract assets, and contract liabilities from contracts with customers:

			April 1, 2023						December 31, 2022
			(in thousands)
Assets from contracts with customers
Client receivables			$	587,706					$	559,410
Unbilled revenue			217,297						204,258
Total			805,003						763,668
Less: Allowance for credit losses			(16,694)						(11,278)
Trade receivables and contract assets, net			$	788,309					$	752,390
Liabilities from contracts with customers
Current deferred revenue			262,226						264,259
Long-term deferred revenue (included in Other long-term liabilities)			29,286						25,795
Customer contract deposits (included in Other current-liabilities)			93,362						91,640

The associated revenue is recognized on a straight-line basis over the term of the lease, which is generally less than one year.

						April 1, 2023						March 26, 2022
						(in thousands)												Affected Line Item in the Unaudited Condensed Consolidated Statements of Income
Lease revenue						$	24,090					$	7,856					Service revenue

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045

+ Details

Name:	us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration