XML 49 R38.htm IDEA: XBRL DOCUMENT v3.24.3

RESTRUCTURING AND ASSET IMPAIRMENTS (Tables)

9 Months Ended

Sep. 28, 2024

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Costs

The following table presents restructuring costs by reportable segment:

			Three Months Ended												Nine Months Ended
			September 28, 2024						September 30, 2023						September 28, 2024						September 30, 2023
			(in thousands)
RMS			$	4,965					$	965					$	22,580					$	965
DSA			13,866						13,220						24,123						13,218
Manufacturing			5,372						975						9,660						7,162
Unallocated corporate			6,443						—						9,237						—
Total			$	30,646					$	15,160					$	65,600					$	21,345

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

			September 28, 2024																		September 30, 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)			$	12,830					$	3,482					$	16,312					$	2,160					$	11,418					$	13,578
Cost of products sold (excluding amortization of intangible assets)			1,783						650						2,433						480						174						654
Selling, general and administrative			11,923						(22)						11,901						937						(9)						928
Total restructuring costs			$	26,536					$	4,110					$	30,646					$	3,577					$	11,583					$	15,160
Nine Months Ended
Cost of services provided (excluding amortization of intangible assets)			$	20,510					$	6,516					$	27,026					$	5,088					$	11,418					$	16,506
Cost of products sold (excluding amortization of intangible assets)			2,530						11,134						13,664						534						2,920						3,454
Selling, general and administrative			18,430						6,480						24,910						1,386						(1)						1,385
Total restructuring costs			$	41,470					$	24,130					$	65,600					$	7,008					$	14,337					$	21,345

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)
Nine Months Ended September 28, 2024
Beginning balance			$	4,175					$	—					$	875					$	5,050
Expense			41,470						15,999						8,131						65,600
Payments / utilization			(17,920)						—						(6,762)						(24,682)
Other non-cash adjustments			—						(15,999)						(1,369)						(17,368)
Foreign currency adjustments			57						—						—						57
Ending Balance			$	27,782					$	—					$	875					$	28,657
Nine Months Ended September 30, 2023
Beginning balance			$	356					$	—					$	944					$	1,300
Expense			7,008						13,269						1,068						21,345
Payments / utilization			(3,179)						—						(710)						(3,889)
Other non-cash adjustments			—						(13,269)						(427)						(13,696)
Foreign currency adjustments			(42)						—						—						(42)
Ending Balance			$	4,143					$	—					$	875					$	5,018

X

- References

No definition available.

+ Details

Name:	us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Reference 2: 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)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

+ Details

Name:	us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-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

+ Details

Name:	us-gaap_ScheduleOfRestructuringReserveByTypeOfCostTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration