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RESTRUCTURING AND ASSET IMPAIRMENTS

9 Months Ended

Sep. 30, 2023

Restructuring and Related Activities [Abstract]

RESTRUCTURING AND ASSET IMPAIRMENTS

RESTRUCTURING AND ASSET IMPAIRMENTS

The Company has undertaken restructuring actions impacting the reportable segments at various locations across North America, Europe and Asia. This includes workforce right-sizing actions resulting in severance and transition costs; and costs related to the consolidation of facilities resulting in asset impairment and accelerated depreciation charges.

The following table presents restructuring costs by reportable segment:

			Three Months Ended												Nine Months Ended
			September 30, 2023						September 24, 2022						September 30, 2023						September 24, 2022
			(in thousands)
RMS			$	965					$	(110)					$	965					$	1,017
DSA			13,220						71						13,218						687
Manufacturing			975						1,165						7,162						1,543
Unallocated corporate			—						(23)						—						1,231
Total			$	15,160					$	1,103					$	21,345					$	4,478

The following table presents restructuring costs as included within the Company’s unaudited condensed consolidated statements of income:

			September 30, 2023																		September 24, 2022
			Severance and Transition Costs						Asset Impairments and Other Costs						Total						Severance and Transition Costs						Asset Impairments and Other Costs						Total
			(in thousands)
Three Months Ended
Cost of services provided (excluding amortization of intangible assets)			$	2,160					$	11,418					$	13,578					$	243					$	685					$	928
Cost of products sold (excluding amortization of intangible assets)			480						174						654						(42)						239						197
Selling, general and administrative			937						(9)						928						(129)						107						(22)
Total restructuring costs			$	3,577					$	11,583					$	15,160					$	72					$	1,031					$	1,103
Nine Months Ended
Cost of services provided (excluding amortization of intangible assets)			$	5,088					$	11,418					$	16,506					$	876					$	685					$	1,561
Cost of products sold (excluding amortization of intangible assets)			534						2,920						3,454						336						239						575
Selling, general and administrative			1,386						(1)						1,385						1,760						582						2,342
Total restructuring costs			$	7,008					$	14,337					$	21,345					$	2,972					$	1,506					$	4,478

As of September 30, 2023 and December 31, 2022, $5.0 million and $1.3 million, respectively, of severance and other personnel related costs liabilities and facilities related costs liabilities were included in accrued compensation and accrued liabilities within the Company’s unaudited condensed consolidated balance sheets.

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- Definition

The entire disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

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