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RESTRUCTURING AND ASSET IMPAIRMENTS (Tables)

6 Months Ended

Jun. 29, 2024

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Costs

The following table presents restructuring costs by reportable segment:

			Three Months Ended												Six Months Ended
			June 29, 2024						July 1, 2023						June 29, 2024						July 1, 2023
			(in thousands)
RMS			$	10,228					$	—					$	17,615					$	—
DSA			3,766						—						10,257						(2)
Manufacturing			2,657						2,699						4,288						6,187
Unallocated corporate			1,304						—						2,794						—
Total			$	17,955					$	2,699					$	34,954					$	6,185

The following table presents restructuring costs as included within the Company’s unaudited condensed consolidated statements of income:

			June 29, 2024																		July 1, 2023
			Severance and Transition Costs						Asset Impairments and Other Costs						Total						Severance and Transition Costs						Asset Impairments and Other Costs						Total
			(in thousands)
Three Months Ended
Cost of services provided (excluding amortization of intangible assets)			$	2,870					$	1,926					$	4,796					$	2,361					$	—					$	2,361
Cost of products sold (excluding amortization of intangible assets)			69						9,154						9,223						36						182						218
Selling, general and administrative			2,958						978						3,936						120						—						120
Total restructuring costs			$	5,897					$	12,058					$	17,955					$	2,517					$	182					$	2,699
Six Months Ended
Cost of services provided (excluding amortization of intangible assets)			$	7,680					$	3,034					$	10,714					$	2,928					$	—					$	2,928
Cost of products sold (excluding amortization of intangible assets)			747						10,484						11,231						54						2,746						2,800
Selling, general and administrative			6,507						6,502						13,009						449						8						457
Total restructuring costs			$	14,934					$	20,020					$	34,954					$	3,431					$	2,754					$	6,185

Schedule of Rollforward of Company's Severance and Retention Costs Liability

The following table provides a rollforward for the Company’s accrued restructuring costs related to all restructuring activities:

			Severance and Transition Costs						Asset Impairments						Other Costs						Total
			(in thousands)
Six Months Ended June 29, 2024
Beginning balance			$	4,175					$	—					$	875					$	5,050
Expense			14,934						14,181						5,839						34,954
Payments / utilization			(9,323)						—						(5,067)						(14,390)
Other non-cash adjustments			—						(14,181)						(772)						(14,953)
Foreign currency adjustments			(57)						—						—						(57)
Ending Balance			$	9,729					$	—					$	875					$	10,604
Six Months Ended July 1, 2023
Beginning balance			$	356					$	—					$	944					$	1,300
Expense			3,431						2,479						275						6,185
Payments / utilization			(811)						—						(303)						(1,114)
Other non-cash adjustments			—						(2,479)						—						(2,479)
Foreign currency adjustments			9						—						—						9
Ending Balance			$	2,985					$	—					$	916					$	3,901

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- References

No definition available.

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- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 5.P.3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1

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-SubTopic 10
-Name Accounting Standards Codification
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4.b.2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

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-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

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