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REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables) | 6 Months Ended
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Jul. 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 |  | 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 |
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:
| July 1, 2023 |  | December 31, 2022
| (in thousands)
Assets from contracts with customers |  |  |
Client receivables | $ | 591,006 |  |  | $ | 559,410 |
Unbilled revenue | 227,680 |  |  | 204,258 |
Total | 818,686 |  |  | 763,668 |
Less: Allowance for credit losses | (18,040) |  |  | (11,278) |
Trade receivables and contract assets, net | $ | 800,646 |  |  | $ | 752,390 |
Liabilities from contracts with customers |  |  |
Current deferred revenue | $ | 257,396 |  |  | $ | 264,259 |
Long-term deferred revenue (included in Other long-term liabilities) | 29,533 |  |  | 25,795 |
Customer contract deposits (included in Other current-liabilities) | 77,422 |  |  | 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.
| Three Months Ended |  | Six Months Ended |  |
| July 1, 2023 |  | June 25, 2022 |  | July 1, 2023 |  | June 25, 2022 |  |
| (in thousands) | Affected Line Item in the Unaudited Condensed Consolidated Statements of Income
Lease revenue | $ | 23,891 |  |  | $ | 13,912 |  |  | $ | 47,981 |  |  | $ | 21,768 |  |  | Service revenue

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- 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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 + Details
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- 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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
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