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REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
 9 Months Ended
Sep. 28, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table disaggregates the Company’s revenue by reportable segment and timing of transfer of products or services:
Three Months EndedNine Months Ended
September 28, 2024September 30, 2023September 28, 2024September 30, 2023
(in thousands)
Timing of Revenue Recognition:
RMS
Services and products transferred over time$93,446 $94,883 $285,794 $282,980 
Services and products transferred at a point in time104,378 91,965 339,326 313,582 
Total RMS revenue197,824 186,848 625,120 596,562 
DSA
Services and products transferred over time613,388 663,128 1,844,298 1,987,617 
Services and products transferred at a point in time1,672 900 3,633 2,221 
Total DSA revenue615,060 664,028 1,847,931 1,989,838 
Manufacturing
Services and products transferred over time107,284 94,446 311,823 280,992 
Services and products transferred at a point in time89,595 81,301 262,566 248,541 
Total Manufacturing revenue196,879 175,747 574,389 529,533 
Total revenue$1,009,763 $1,026,623 $3,047,440 $3,115,933 
Revenue by geographic area is as follows:
U.S.EuropeCanadaAsia Pacific
Other (1)
Consolidated
(in thousands)
Three Months Ended:
September 28, 2024$559,277 $267,123 $127,088 $45,009 $11,266 $1,009,763 
September 30, 2023590,316 264,787 129,023 40,233 2,264 1,026,623 
Nine Months Ended:
September 28, 2024$1,693,021 $814,819 $362,733 $141,168 $35,699 $3,047,440 
September 30, 20231,802,532 805,466 357,276 142,910 7,749 3,115,933 
(1) The Other category represents operations located in Brazil, Israel, and Mauritius.
Schedule of Client Receivables, Contract Assets and Contract Liabilities
The following table provides information about client receivables, contract assets, and contract liabilities from contracts with customers:
September 28, 2024December 30, 2023
(in thousands)
Assets from contracts with customers
Client receivables$557,761 $578,077 
Unbilled revenue220,323 228,020 
Total778,084 806,097 
Less: Allowance for credit losses(23,877)(25,722)
Trade receivables and contract assets, net$754,207 $780,375 
Liabilities from contracts with customers
Current deferred revenue$251,968 $241,820 
Long-term deferred revenue (included in Other long-term liabilities)34,915 30,919 
Customer contract deposits (included in Other current liabilities)99,455 85,554 
The associated revenue is recognized on a straight-line basis over the term of the lease, which is generally less than one year.
Three Months EndedNine Months Ended
September 28, 2024September 30, 2023September 28, 2024September 30, 2023Affected Line Item in the Unaudited Condensed Consolidated Statements of Income
(in thousands)
Lease revenue$16,622 $22,254 $54,312 $70,235 Service revenue
Schedule of Allowance for Credit Losses
The following is a summary of the activity of the Company’s allowance for credit losses:
Nine Months Ended
September 28, 2024September 30, 2023
(in thousands)
Beginning balance$25,722 $11,278 
Provisions8,223 11,030 
Reductions(10,068)(1,121)
Ending balance$23,877 $21,187