XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Sep. 28, 2024
Sep. 30, 2023
Total revenue $ 1,009,763 $ 1,026,623 $ 3,047,440 $ 3,115,933
Costs and expenses        
Cost of revenue (excluding amortization of intangible assets) 660,742 664,783 1,999,863 1,977,462
Selling, general and administrative 199,213 176,109 555,295 550,713
Amortization of intangible assets 32,403 34,229 97,248 103,419
Operating income 117,405 151,502 395,034 484,339
Other income (expense)        
Interest income 1,528 1,373 6,740 3,605
Interest expense (30,284) (33,742) (98,054) (103,166)
Other income (expense), net 2,592 (6,260) 6,185 (12,200)
Income before income taxes 91,241 112,873 309,905 372,578
Provision for income taxes 20,946 24,852 70,867 81,160
Net income 70,295 88,021 239,038 291,418
Less: Net income attributable to noncontrolling interests 638 632 2,340 3,878
Net income attributable to Charles River Laboratories International Inc. 69,657 87,389 236,698 287,540
Calculation of net income per share attributable to Charles River Laboratories International Inc. common shareholders        
Net income attributable to Charles River Laboratories International Inc. 69,657 87,389 236,698 287,540
Less: Adjustment of redeemable noncontrolling interest 379 0 1,081 0
Less: Incremental dividends attributed to noncontrolling interest holders 599 0 9,621 0
Net income available to Charles River Laboratories International Inc. common shareholders $ 68,679 $ 87,389 $ 225,996 $ 287,540
Earnings per common share        
Basic (in dollars per share) $ 1.34 $ 1.70 $ 4.39 $ 5.62
Diluted (in dollars per share) $ 1.33 $ 1.69 $ 4.37 $ 5.58
Weighted-average number of common shares outstanding        
Basic (in shares) 51,394 51,283 51,461 51,199
Diluted (in shares) 51,583 51,607 51,713 51,493
Service        
Total revenue $ 832,463 $ 869,759 $ 2,492,225 $ 2,602,016
Costs and expenses        
Cost of revenue (excluding amortization of intangible assets) 568,699 587,560 1,724,246 1,731,136
Product        
Total revenue 177,300 156,864 555,215 513,917
Costs and expenses        
Cost of revenue (excluding amortization of intangible assets) $ 92,043 $ 77,223 $ 275,617 $ 246,326