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REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
 3 Months Ended
Mar. 30, 2024
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
March 30, 2024April 1, 2023
(in thousands)
Timing of Revenue Recognition:
RMS
Services and products transferred over time$97,049 $93,639 
Services and products transferred at a point in time123,858 106,127 
Total RMS revenue220,907 199,766 
DSA
Services and products transferred over time604,125 661,836 
Services and products transferred at a point in time1,327 517 
Total DSA revenue605,452 662,353 
Manufacturing
Services and products transferred over time100,058 86,086 
Services and products transferred at a point in time85,143 81,168 
Total Manufacturing revenue185,201 167,254 
Total revenue$1,011,560 $1,029,373 
Revenue by geographic area is as follows:
U.S.EuropeCanadaAsia PacificOtherConsolidated
(in thousands)
Three Months Ended:
March 30, 2024$562,317 $276,319 $110,401 $45,772 $16,751 $1,011,560 
April 1, 2023605,441 267,703 110,606 42,813 2,810 1,029,373 
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:
March 30, 2024December 30, 2023
(in thousands)
Assets from contracts with customers
Client receivables$590,594 $578,077 
Unbilled revenue221,793 228,020 
Total812,387 806,097 
Less: Allowance for credit losses(25,407)(25,722)
Trade receivables and contract assets, net$786,980 $780,375 
Liabilities from contracts with customers
Current deferred revenue$256,383 $241,820 
Long-term deferred revenue (included in Other long-term liabilities)32,448 30,919 
Customer contract deposits (included in Other current liabilities)90,589 85,554 
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
March 30, 2024April 1, 2023
(in thousands)Affected Line Item in the Unaudited Condensed Consolidated Statements of Income
Lease revenue$20,974 $24,090 Service revenue
Schedule of Allowance for Credit Losses
The following is a summary of the activity of the Company’s allowance for credit losses:
Three Months Ended
March 30, 2024April 1, 2023
(in thousands)
Beginning balance$25,722 $11,278 
Additions934 5,731 
Deductions(1,249)(315)
Ending balance$25,407 $16,694