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ACQUISITIONS AND DIVESTITURES (Tables) | 6 Months Ended
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Jun. 29, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Purchase Price Allocation and Transaction and Integration Costs | The purchase price allocation was as follows:
| Noveprim Group(1) |  | SAMDI Tech, Inc.
| November 30, 2023 |  | January 27, 2023
| (in thousands)
Trade receivables | $ | 1,308 |  |  | $ | 513 |
Inventories | 66,500 |  |  | — |
Other current assets (excluding cash) | 3,261 |  |  | 75 |
Property, plant and equipment | 36,154 |  |  | 593 |
Operating lease right-of-use asset, net | 104 |  |  | — |
Goodwill (2) | 190,024 |  |  | 37,129 |
Definite-lived intangible assets | 9,500 |  |  | 33,070 |
Other long-term assets (3) | 167,907 |  |  | 6 |
Deferred revenue | — |  |  | (43) |
Other current liabilities | (16,268) |  |  | (351) |
Operating lease right-of-use liabilities (Long-term) | (97) |  |  | — |
Deferred tax liabilities | (12,984) |  |  | (8,191) |
Other long-term liabilities | (7,579) |  |  | — |
Redeemable noncontrolling interest (4) | (45,426) |  |  | — |
Total purchase price allocation | $ | 392,404 |  |  | $ | 62,801 |
(1) Purchase price allocation is preliminary and subject to change as additional information becomes available concerning the fair value and tax basis of the assets acquired and liabilities assumed, including certain contracts, obligations, and finalization of any working capital adjustments. Any additional adjustments to the purchase price allocation will be made as soon as practicable but no later than one year from the date of acquisition.
(2) The goodwill resulting from these transactions is primarily attributable to the potential growth of the Company’s segments from new customers introduced to the acquired businesses or synergies to be realized from acquiring an internal supplier servicing the DSA business and the assembled workforce of the acquirees, thus is not deductible for tax purposes.
(3) Other long-term assets acquired from the Noveprim acquisition include $167.8 million of biological assets, which will be amortized over an estimated eight-year useful life.
(4) Refer to Note 12. Equity and Noncontrolling Interests for further a description of the 10% noncontrolling interest fair value.
Schedule of Definite-Lived Intangible Assets Acquired as Part of Business Combination | The definite-lived intangible assets acquired were as follows:
| Noveprim Group | SAMDI Tech, Inc. |  |  |  |  |  |  |  |
Definite-Lived Intangible Assets | (in thousands) |  |  |  |  |  |  |  |
Client relationships | $ | — |  | $ | 23,400 |  |  |  |  |  |  |  |  |
Other intangible assets | 9,500 |  | 9,670 |  |  |  |  |  |  |  |  |
Total definite-lived intangible assets | $ | 9,500 |  | $ | 33,070 |  |  |  |  |  |  |  |  |
Weighted Average Amortization Life | (in years) |  |  |  |  |  |  |  |
Client relationships | — |  | 15 |  |  |  |  |  |  |  |
Other intangible assets | 7 | 7 |  |  |  |  |  |  |  |
Total definite-lived intangible assets | 7 | 12 |  |  |  |  |  |  |  |

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