GOODWILL AND INTANGIBLE ASSETS

3 Months Ended

Mar. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The following table provides a rollforward of the Company’s goodwill:


	RMS		DSA (1)		Manufacturing		Total
	(in thousands)
December 30, 2023	$	497,474	$	1,662,434	$	935,137	$	3,095,045
Acquisitions	—		497		—		497

Foreign exchange	(407)		(21,340)		(3,554)		(25,301)
March 30, 2024	$	497,067	$	1,641,591	$	931,583	$	3,070,241
(1) DSA includes accumulated impairment losses of $1 billion, which were recognized in fiscal years 2008 and 2010.

The decrease in goodwill during the three months ended March 30, 2024 related to foreign exchange in the DSA and Manufacturing reportable segments.

Intangible Assets, Net

The following table displays intangible assets, net by major class:


	March 30, 2024						December 30, 2023
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
	(in thousands)
Client relationships	$	1,515,021	$	(739,260)	$	775,761	$	1,528,780	$	(721,322)	$	807,458
Technology	140,982		(112,842)		28,140		142,190		(111,764)		30,426
Trademarks and trade names	11,842		(4,822)		7,020		11,878		(4,568)		7,310
Backlog	3,100		(2,485)		615		3,100		(2,177)		923
Other	43,008		(26,906)		16,102		43,611		(25,677)		17,934
Intangible assets	$	1,713,953	$	(886,315)	$	827,638	$	1,729,559	$	(865,508)	$	864,051

The decrease in intangible assets, net during the three months ended March 30, 2024 related to normal amortization over the useful lives.

Amortization expense of definite-lived intangible assets for three months ended March 30, 2024 and April 1, 2023 was $32.6 million and $34.9 million, respectively.