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SEGMENT AND GEOGRAPHIC INFORMATION
 6 Months Ended
Jun. 29, 2024
Segment Reporting [Abstract]  
SEGMENT AND GEOGRAPHIC INFORMATION SEGMENT AND GEOGRAPHIC INFORMATION
The Company operates in three reportable segments, RMS, DSA and Manufacturing. Asset information on a reportable segment basis is not disclosed as this information is not separately identified and internally reported to the Company’s Chief Operating Decision Maker (CODM). The following table presents the results of operations by reportable segment:
Three Months EndedSix Months Ended
June 29, 2024July 1, 2023June 29, 2024July 1, 2023
(in thousands)
RMS  
Revenue$206,389 $209,948 $427,296 $409,714 
Cost of revenue (excluding amortization of intangible assets)142,942 127,888 283,867 254,692 
Selling, general and administrative27,597 27,653 58,490 54,711 
Amortization of intangible assets5,902 5,489 11,842 10,984 
Operating income$29,948 $48,918 $73,097 $89,327 
DSA
Revenue$627,419 $663,457 $1,232,871 $1,325,810 
Cost of revenue (excluding amortization of intangible assets)418,964 420,551 836,876 832,074 
Selling, general and administrative54,479 63,709 111,338 125,707 
Amortization of intangible assets15,600 17,659 31,442 35,060 
Operating income$138,376 $161,538 $253,215 $332,969 
Manufacturing
Revenue$192,309 $186,532 $377,510 $353,786 
Cost of revenue (excluding amortization of intangible assets)110,498 112,522 218,378 225,914 
Selling, general and administrative33,813 38,481 66,660 78,218 
Amortization of intangible assets10,768 11,126 21,561 23,145 
Operating income$37,230 $24,403 $70,911 $26,509 
Unallocated Corporate
Selling, general and administrative$53,902 $69,914 $119,594 $115,968 
Operating income (1)
$(53,902)$(69,914)$(119,594)$(115,968)
Consolidated
Revenue$1,026,117 $1,059,937 $2,037,677 $2,089,310 
Cost of revenue (excluding amortization of intangible assets)672,404 660,960 1,339,121 1,312,679 
Selling, general and administrative169,791 199,758 356,082 374,604 
Amortization of intangible assets32,270 34,274 64,845 69,190 
Operating income$151,652 $164,945 $277,629 $332,837 
(1) Operating income for unallocated corporate consists of costs associated with departments such as senior executives, corporate accounting, legal, tax, human resources, treasury, and investor relations.
Capital expenditures and depreciation and amortization (related to both intangible assets and certain assets acquired in business combinations) by reportable segment are as follows:
RMSDSAManufacturingUnallocated CorporateConsolidated
(in thousands)
Capital Expenditures
Three Months Ended:
June 29, 2024$9,313 $19,444 $10,583 $146 $39,486 
July 1, 20237,493 48,326 10,862 702 67,383 
Six Months Ended:
June 29, 2024$29,357 $68,403 $19,445 $1,425 $118,630 
July 1, 202326,577 113,510 32,600 1,571 174,258 
Depreciation and amortization
Three Months Ended:
June 29, 2024$16,538 $47,729 $20,073 $1,742 $86,082 
July 1, 202313,949 43,124 19,523 1,075 77,671 
Six Months Ended:
June 29, 2024$34,661 $93,518 $39,878 $3,382 $171,439 
July 1, 202327,438 85,574 39,607 2,121 154,740 
Revenue by geographic area is as follows:
U.S.EuropeCanadaAsia PacificOtherConsolidated
(in thousands)
Three Months Ended:
June 29, 2024$571,427 $271,377 $125,244 $50,387 $7,682 $1,026,117 
July 1, 2023606,775 272,976 117,647 59,864 2,675 1,059,937 
Six Months Ended:
June 29, 2024$1,133,744 $547,696 $235,645 $96,159 $24,433 $2,037,677 
July 1, 20231,212,216 540,679 228,253 102,677 5,485 2,089,310 
Included in the Other category above are operations located in Brazil, Israel, and Mauritius. Revenue represents sales originating in entities physically located in the identified geographic area.
Long-lived assets by geographic area are as follows:
U.S.EuropeCanadaAsia PacificOtherConsolidated
(in thousands)
Long-lived assets
June 29, 2024$950,254 $405,429 $153,945 $68,868 $35,399 $1,613,895 
December 30, 2023964,176 407,375 157,483 74,605 36,102 1,639,741 
Long-lived assets consist of property, plant, and equipment, net.