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SEGMENT AND GEOGRAPHIC INFORMATION (Tables) | 6 Months Ended
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Jul. 01, 2023
Segment Reporting [Abstract] |
Schedule of Revenue and Other Financial Information by Business Segment | The following table presents revenue and other financial information by reportable segment:
| Three Months Ended |  | Six Months Ended
| July 1, 2023 |  | June 25, 2022 |  | July 1, 2023 |  | June 25, 2022
| (in thousands)
RMS |  |  |  |  |  |  |
Revenue | $ | 209,948 |  |  | $ | 186,410 |  |  | $ | 409,714 |  |  | $ | 362,952 |
Operating income | 48,918 |  |  | 39,526 |  |  | 89,327 |  |  | 87,408 |
Depreciation and amortization | 13,949 |  |  | 13,228 |  |  | 27,438 |  |  | 22,697 |
Capital expenditures | 7,493 |  |  | 13,850 |  |  | 26,577 |  |  | 22,496 |
DSA |  |  |  |  |  |  |
Revenue | $ | 663,457 |  |  | $ | 591,917 |  |  | $ | 1,325,810 |  |  | $ | 1,136,176 |
Operating income | 161,538 |  |  | 128,793 |  |  | 332,969 |  |  | 233,779 |
Depreciation and amortization | 43,124 |  |  | 44,626 |  |  | 85,574 |  |  | 91,415 |
Capital expenditures | 48,326 |  |  | 41,578 |  |  | 113,510 |  |  | 90,508 |
Manufacturing |  |  |  |  |  |  |
Revenue | $ | 186,532 |  |  | $ | 194,804 |  |  | $ | 353,786 |  |  | $ | 387,932 |
Operating income | 24,403 |  |  | 62,503 |  |  | 26,509 |  |  | 108,871 |
Depreciation and amortization | 19,523 |  |  | 18,000 |  |  | 39,607 |  |  | 36,482 |
Capital expenditures | 10,862 |  |  | 24,431 |  |  | 32,600 |  |  | 47,259 |
Unallocated Corporate |  |  |  |  |  |  |
Operating income (1) | (69,914) |  |  | (43,411) |  |  | $ | (115,968) |  |  | $ | (93,869) |
Depreciation and amortization | 1,075 |  |  | 567 |  |  | 2,121 |  |  | 1,126 |
Capital expenditures | 702 |  |  | 2,993 |  |  | 1,571 |  |  | 3,053 |
Consolidated |  |  |  |  |  |  |
Revenue | 1,059,937 |  |  | 973,131 |  |  | $ | 2,089,310 |  |  | $ | 1,887,060 |
Operating income | 164,945 |  |  | 187,411 |  |  | 332,837 |  |  | 336,189 |
Depreciation and amortization | 77,671 |  |  | 76,421 |  |  | 154,740 |  |  | 151,720 |
Capital expenditures | 67,383 |  |  | 82,852 |  |  | 174,258 |  |  | 163,316 |
(1) Operating income for unallocated corporate expense consists of costs associated with departments such as senior executives, corporate accounting, legal, tax, human resources, treasury, and investor relations.
Revenue Disaggregated by Products and Services and Geographic Area | The following table disaggregates the Company’s revenue by major business line and timing of transfer of products or services:
| Three Months Ended |  | Six Months Ended
| July 1, 2023 |  | June 25, 2022 |  | July 1, 2023 |  | June 25, 2022
| (in thousands)
Timing of Revenue Recognition: |  |  |  |  |  |  |
RMS |  |  |  |  |  |  |
Services and products transferred over time | $ | 94,458 |  |  | $ | 85,803 |  |  | $ | 188,097 |  |  | $ | 155,727 |
Services and products transferred at a point in time | 115,490 |  |  | 100,607 |  |  | 221,617 |  |  | 207,225 |
Total RMS revenue | 209,948 |  |  | 186,410 |  |  | 409,714 |  |  | 362,952 |
DSA |  |  |  |  |  |  |
Services and products transferred over time | 662,653 |  |  | 589,371 |  |  | 1,324,489 |  |  | 1,131,707 |
Services and products transferred at a point in time | 804 |  |  | 2,546 |  |  | 1,321 |  |  | 4,469 |
Total DSA revenue | 663,457 |  |  | 591,917 |  |  | 1,325,810 |  |  | 1,136,176 |
Manufacturing |  |  |  |  |  |  |
Services and products transferred over time | 100,460 |  |  | 92,811 |  |  | 186,546 |  |  | 187,820 |
Services and products transferred at a point in time | 86,072 |  |  | 101,993 |  |  | 167,240 |  |  | 200,112 |
Total Manufacturing revenue | 186,532 |  |  | 194,804 |  |  | 353,786 |  |  | 387,932 |
Total revenue | $ | 1,059,937 |  |  | $ | 973,131 |  |  | $ | 2,089,310 |  |  | $ | 1,887,060 |
Revenue by geographic area is as follows:
| U.S. |  | Europe |  | Canada |  | Asia Pacific |  | Other |  | Consolidated
| (in thousands)
Three Months Ended: |  |  |  |  |  |  |  |  |  |  |
July 1, 2023 | $ | 606,775 |  |  | $ | 272,976 |  |  | $ | 117,647 |  |  | $ | 59,864 |  |  | $ | 2,675 |  |  | $ | 1,059,937 |
June 25, 2022 | 566,917 |  |  | 263,584 |  |  | 93,694 |  |  | 46,239 |  |  | 2,697 |  |  | 973,131 |
Six Months Ended: |  |  |  |  |  |  |  |  |  |  |
July 1, 2023 | $ | 1,212,216 |  |  | $ | 540,679 |  |  | $ | 228,253 |  |  | $ | 102,677 |  |  | $ | 5,485 |  |  | $ | 2,089,310 |
June 25, 2022 | 1,093,466 |  |  | 514,671 |  |  | 178,940 |  |  | 95,185 |  |  | 4,798 |  |  | 1,887,060 |

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