XML 39 R29.htm IDEA: XBRL DOCUMENT
v3.23.2

FAIR VALUE (Tables) | 6 Months Ended
--- | ---
Jul. 01, 2023
Fair Value Disclosures [Abstract] |
Summary of Assets and Liabilities Measured at Fair Value on a Recurring Basis | Assets and liabilities measured at fair value on a recurring basis are summarized below:
| July 1, 2023
| Level 1 |  | Level 2 |  | Level 3 |  | Total
Current assets measured at fair value: | (in thousands)
Cash equivalents | $ | — |  |  | $ | 28 |  |  | $ | — |  |  | $ | 28 |
Other assets: |  |  |  |  |  |  |
Life insurance policies | — |  |  | 38,308 |  |  | — |  |  | 38,308 |
Interest rate swap | — |  |  | 3,121 |  |  | — |  |  | 3,121 |
Total assets measured at fair value | $ | — |  |  | $ | 41,457 |  |  | $ | — |  |  | $ | 41,457 |
| December 31, 2022
| Level 1 |  | Level 2 |  | Level 3 |  | Total
Current assets measured at fair value: | (in thousands)
Cash equivalents | $ | — |  |  | $ | 78 |  |  | $ | — |  |  | $ | 78 |
Other assets: |  |  |  |  |  |  |
Life insurance policies | — |  |  | 34,527 |  |  | — |  |  | 34,527 |
Total assets measured at fair value | $ | — |  |  | $ | 34,605 |  |  | $ | — |  |  | $ | 34,605 |
Accrued liabilities measured at fair value: |  |  |  |  |  |  |
Contingent consideration | $ | — |  |  | $ | — |  |  | $ | 13,431 |  |  | $ | 13,431 |
Other long-term liabilities measured at fair value: |  |  |  |  |  |  |
Interest rate swap | — |  |  | 1,523 |  |  | — |  |  | 1,523 |
Total liabilities measured at fair value | $ | — |  |  | $ | 1,523 |  |  | $ | 13,431 |  |  | $ | 14,954 |
The book value and fair value of the Company’s Senior Notes is summarized below:
| July 1, 2023 |  | December 31, 2022
| Book Value |  | Fair Value |  | Book Value |  | Fair Value
| (in thousands)
4.25% Senior Notes due 2028 | $ | 500,000 |  |  | $ | 457,500 |  |  | $ | 500,000 |  |  | $ | 460,450 |
3.75% Senior Notes due 2029 | 500,000 |  |  | 440,000 |  |  | 500,000 |  |  | 442,200 |
4.00% Senior Notes due 2031 | 500,000 |  |  | 433,750 |  |  | 500,000 |  |  | 432,500 |
Rollforward of Contingent Consideration Related to Previous Acquisitions | The following table provides a rollforward of the contingent consideration related to the Company’s acquisitions.
| Six Months Ended
| July 1, 2023 |  | June 25, 2022
| (in thousands)
Beginning balance | $ | 13,431 |  |  | $ | 37,244 |
Payments | (15,130) |  |  | (11,476) |
Total gains or losses (realized/unrealized): |  |  |
Adjustment of previously recorded contingent liability | 1,810 |  |  | (15,340) |
Foreign currency translation | (111) |  |  | (878) |
Ending balance | $ | — |  |  | $ | 9,550 |

X
- Definition [Table Text Block] for Fair Value, Contingent Consideration [Table] + References No definition available. + Details
Name: | crl_FairValueContingentConsiderationTableTextBlock
Namespace Prefix: | crl_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration