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REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

6 Months Ended

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

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
-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

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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
-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

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No definition available.

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