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GOODWILL AND INTANGIBLE ASSETS | 9 Months Ended
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Sep. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS 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 | — |  |  | 17,675 |  |  | — |  |  | 17,675 |
Foreign exchange | 203 |  |  | (4,480) |  |  | 16,149 |  |  | 11,872 |
September 28, 2024 | $ | 497,677 |  |  | $ | 1,675,629 |  |  | $ | 951,286 |  |  | $ | 3,124,592 |
(1) DSA includes accumulated impairment losses of $1 billion, which were recognized in fiscal years 2008 and 2010.
The increase in goodwill during the nine months ended September 28, 2024 is related to measurement period adjustments related to the acquisition of Noveprim in the DSA reportable segment and foreign exchange in Manufacturing. During the third quarter ended September 28, 2024, a triggering event was identified for the Discovery Services reporting unit (part of the DSA reportable segment). This resulted from a continuous decline in market conditions and operational challenges, ultimately resulting in a reduction of Discovery Services’ long range financial outlook. In response, management conducted a quantitative impairment test for goodwill to determine if the goodwill in the Discovery Services reporting unit was impaired. Upon completion of a quantitative impairment test, it was determined that the fair value of the reporting unit exceeded its carrying value by approximately 22%, and no impairment was recognized as of September 28, 2024. While the Discovery Services reporting unit is not currently impaired, the Company will continue to closely monitor future performance and any potential impacts on the value of the reporting unit. Intangible Assets, Net The following table displays intangible assets, net by major class:
| September 28, 2024 |  | December 30, 2023
| Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net
| (in thousands)
Client relationships | $ | 1,541,032 |  |  | $ | (808,507) |  |  | $ | 732,525 |  |  | $ | 1,528,780 |  |  | $ | (721,322) |  |  | $ | 807,458 |
Technology | 144,241 |  |  | (118,793) |  |  | 25,448 |  |  | 142,190 |  |  | (111,764) |  |  | 30,426 |
Trademarks and trade names | 12,091 |  |  | (5,505) |  |  | 6,586 |  |  | 11,878 |  |  | (4,568) |  |  | 7,310 |
Backlog | 3,100 |  |  | (3,100) |  |  | — |  |  | 3,100 |  |  | (2,177) |  |  | 923 |
Other | 43,185 |  |  | (29,283) |  |  | 13,902 |  |  | 43,611 |  |  | (25,677) |  |  | 17,934 |
Intangible assets | $ | 1,743,649 |  |  | $ | (965,188) |  |  | $ | 778,461 |  |  | $ | 1,729,559 |  |  | $ | (865,508) |  |  | $ | 864,051 |
The decrease in intangible assets, net during the nine months ended September 28, 2024 related to normal amortization over the useful lives. Amortization expense of definite-lived intangible assets for the three months ended September 28, 2024 and September 30, 2023 was $32.4 million and $34.2 million, respectively. Amortization expense of definite-lived intangible assets for nine months ended September 28, 2024 and September 30, 2023 was $97.2 million and $103.4 million, respectively.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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