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RESTRUCTURING AND ASSET IMPAIRMENTS | 12 Months Ended
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Dec. 28, 2024
Restructuring and Related Activities [Abstract] |
RESTRUCTURING AND ASSET IMPAIRMENTS | RESTRUCTURING AND ASSET IMPAIRMENTS The Company has undertaken restructuring actions impacting the reportable segments at various locations across North America, Europe and Asia to manage the Company through the current demand environment, including appropriately right-sizing the Company’s infrastructure, optimizing operations, and driving efficiency. This includes workforce right-sizing actions resulting in severance and transition costs; and costs related to the consolidation of facilities resulting in long-lived asset impairments (principally property, plant, and equipment and right-of-use assets), accelerated depreciation charges, and certain other costs. Generally, these actions are in response to recent macroeconomic impacts on the Company. The following table presents restructuring costs by reportable segment:
| Fiscal Year
| 2024 |  | 2023 |  | 2022
| (in thousands)
RMS | $ | 43,912 |  |  | $ | 3,479 |  |  | $ | 1,007 |
DSA | 39,344 |  |  | 16,176 |  |  | 851 |
Manufacturing | 12,874 |  |  | 9,138 |  |  | 5,126 |
Unallocated corporate | 10,855 |  |  | 889 |  |  | 1,229 |
Total | $ | 106,985 |  |  | $ | 29,682 |  |  | $ | 8,213 |
The following table presents restructuring costs as included within the Company’s consolidated statements of income for fiscal years 2024, 2023 and 2022:
| Fiscal Year
| 2024
| Severance and Transition Costs |  | Asset Impairments and Other Costs |  | Total
| (in thousands)
Twelve Months Ended |  |  |  |  |
Cost of services provided (excluding amortization of intangible assets) | $ | 28,348 |  |  | $ | 26,643 |  |  | $ | 54,991 |
Cost of products sold (excluding amortization of intangible assets) | 2,786 |  |  | 18,348 |  |  | 21,134 |
Selling, general and administrative | 23,051 |  |  | 7,809 |  |  | 30,860 |
Total restructuring costs | $ | 54,185 |  |  | $ | 52,800 |  |  | $ | 106,985 |
| Fiscal Year
| 2023
| Severance and Transition Costs |  | Asset Impairments and Other Costs |  | Total
| (in thousands)
Twelve Months Ended |  |  |  |  |
Cost of services provided (excluding amortization of intangible assets) | $ | 7,408 |  |  | $ | 14,812 |  |  | $ | 22,220 |
Cost of products sold (excluding amortization of intangible assets) | 1,146 |  |  | 3,262 |  |  | 4,408 |
Selling, general and administrative | 3,054 |  |  | — |  |  | 3,054 |
Total restructuring costs | $ | 11,608 |  |  | $ | 18,074 |  |  | $ | 29,682 |
| Fiscal Year
| 2022
| Severance and Transition Costs |  | Asset Impairments and Other Costs |  | Total
| (in thousands)
Twelve Months Ended |  |  |  |  |
Cost of services provided (excluding amortization of intangible assets) | $ | 928 |  |  | $ | 1,784 |  |  | $ | 2,712 |
Cost of products sold (excluding amortization of intangible assets) | 532 |  |  | 1,765 |  |  | 2,297 |
Selling, general and administrative | 2,441 |  |  | 763 |  |  | 3,204 |
Total restructuring costs | $ | 3,901 |  |  | $ | 4,312 |  |  | $ | 8,213 |
Rollforward of Restructuring Activities The following table provides a rollforward for all of the Company’s severance and transition costs related to all restructuring activities:
| Severance and Transition Costs |  | Asset Impairments |  | Other Costs |  | Total
| (in thousands)
Twelve Months Ended December 31, 2022 |  |  |  |  |  |  |
Beginning balance | $ | 2,670 |  |  | $ | — |  |  | $ | 1,341 |  |  | $ | 4,011 |
Expense | 3,901 |  |  | 2,654 |  |  | 1,658 |  |  | 8,213 |
Payments / utilization | (6,095) |  |  | — |  |  | (1,162) |  |  | (7,257) |
Other non-cash adjustments | — |  |  | (2,654) |  |  | (893) |  |  | (3,547) |
Foreign currency adjustments | (120) |  |  | — |  |  | — |  |  | (120) |
Ending Balance | $ | 356 |  |  | $ | — |  |  | $ | 944 |  |  | $ | 1,300 |
Twelve Months Ended December 30, 2023 |  |  |  |  |  |  |
Beginning balance | $ | 356 |  |  | $ | — |  |  | $ | 944 |  |  | $ | 1,300 |
Expense | 11,608 |  |  | 15,543 |  |  | 2,531 |  |  | 29,682 |
Payments / utilization | (7,800) |  |  | — |  |  | (1,843) |  |  | (9,643) |
Other non-cash adjustments | — |  |  | (15,543) |  |  | (757) |  |  | (16,300) |
Foreign currency adjustments | 11 |  |  | — |  |  | — |  |  | 11 |
Ending Balance | $ | 4,175 |  |  | $ | — |  |  | $ | 875 |  |  | $ | 5,050 |
Twelve Months Ended December 28, 2024 |  |  |  |  |  |  |
Beginning balance | $ | 4,175 |  |  | $ | — |  |  | $ | 875 |  |  | $ | 5,050 |
Expense | 54,185 |  | 40,914 |  | 11,886 |  | 106,985
Payments / utilization | (33,618) |  | — |  | (9,721) |  | (43,339)
Other non-cash adjustments | — |  | (40,914) |  | (2,165) |  | (43,079)
Foreign currency adjustments | (273) |  | — |  | — |  | (273)
Ending Balance | $ | 24,469 |  |  | $ | — |  |  | $ | 875 |  |  | $ | 25,344 |
As of December 28, 2024 and December 30, 2023, $25.3 million and $5.1 million, respectively, of severance and other personnel related costs liabilities were included in accrued compensation and accrued liabilities within the Company’s consolidated balance sheets.

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- Definition The entire 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 No definition available. + Details
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