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SEGMENT AND GEOGRAPHIC INFORMATION (Tables)

9 Months Ended

Sep. 30, 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												Nine Months Ended
			September 30, 2023						September 24, 2022						September 30, 2023						September 24, 2022
			(in thousands)
RMS
Revenue			$	186,848					$	180,114					$	596,562					$	543,066
Operating income			28,326						35,891						117,653						123,299
Depreciation and amortization			13,872						13,128						41,310						35,825
Capital expenditures			9,192						10,743						35,769						33,239
DSA
Revenue			$	664,028					$	619,463					$	1,989,838					$	1,755,639
Operating income			146,819						142,143						479,788						375,922
Depreciation and amortization			44,088						43,913						129,662						135,328
Capital expenditures			41,967						43,400						155,477						133,908
Manufacturing
Revenue			$	175,747					$	189,580					$	529,533					$	577,512
Operating income			26,275						31,479						52,784						140,350
Depreciation and amortization			20,070						17,005						59,677						53,487
Capital expenditures			14,349						18,137						46,949						65,396
Unallocated Corporate
Operating income (1)			$	(49,918)					$	(58,537)					$	(165,886)					$	(152,406)
Depreciation and amortization			840						559						2,961						1,685
Capital expenditures			439						113						2,010						3,166
Consolidated
Revenue			$	1,026,623					$	989,157					$	3,115,933					$	2,876,217
Operating income			151,502						150,976						484,339						487,165
Depreciation and amortization			78,870						74,605						233,610						226,325
Capital expenditures			65,947						72,393						240,205						235,709
(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												Nine Months Ended
			September 30, 2023						September 24, 2022						September 30, 2023						September 24, 2022
			(in thousands)
Timing of Revenue Recognition:
RMS
Services and products transferred over time			$	94,883					$	88,174					$	282,980					$	243,901
Services and products transferred at a point in time			91,965						91,940						313,582						299,165
Total RMS revenue			186,848						180,114						596,562						543,066
DSA
Services and products transferred over time			663,128						618,270						1,987,617						1,749,977
Services and products transferred at a point in time			900						1,193						2,221						5,662
Total DSA revenue			664,028						619,463						1,989,838						1,755,639
Manufacturing
Services and products transferred over time			94,446						89,173						280,992						276,993
Services and products transferred at a point in time			81,301						100,407						248,541						300,519
Total Manufacturing revenue			175,747						189,580						529,533						577,512
Total revenue			$	1,026,623					$	989,157					$	3,115,933					$	2,876,217

Revenue by geographic area is as follows:

			U.S.						Europe						Canada						Asia Pacific						Other						Consolidated
			(in thousands)
Three Months Ended:
September 30, 2023			$	590,316					$	264,787					$	129,023					$	40,233					$	2,264					$	1,026,623
September 24, 2022			595,265						245,928						101,601						43,803						2,560						989,157
Nine Months Ended:
September 30, 2023			$	1,802,532					$	805,466					$	357,276					$	142,910					$	7,749					$	3,115,933
September 24, 2022			1,688,731						760,599						280,541						138,988						7,358						2,876,217

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

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-Topic 606
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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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