XML 53 R36.htm IDEA: XBRL DOCUMENT
v3.25.0.1

SEGMENT AND GEOGRAPHIC INFORMATION (Tables) | 12 Months Ended
--- | ---
Dec. 28, 2024
Segment Reporting [Abstract] |
Schedule of Revenue and Other Financial Information by Reportable Segment |
| Fiscal Year
| December 28, 2024 |  | December 30, 2023 |  | December 31, 2022
RMS |  |  |  |  |
Revenue | $ | 829,377 |  |  | $ | 792,343 |  |  | $ | 739,175 |
Cost of revenue (excluding amortization of intangible assets) | 580,491 |  |  | 509,970 |  |  | 455,607 |
Selling, general and administrative | 110,982 |  |  | 105,965 |  |  | 102,795 |
Amortization of intangible assets | 23,493 |  |  | 21,742 |  |  | 20,363 |
Operating income | $ | 114,411 |  |  | $ | 154,666 |  |  | $ | 160,410 |
DSA |  |  |  |  |
Revenue | $ | 2,451,280 |  |  | $ | 2,615,623 |  |  | $ | 2,447,316 |
Cost of revenue (excluding amortization of intangible assets) | 1,697,166 |  |  | 1,675,472 |  |  | 1,617,760 |
Selling, general and administrative | 249,097 |  |  | 263,770 |  |  | 213,870 |
Amortization of intangible assets | 62,507 |  |  | 70,305 |  |  | 82,797 |
Operating income | $ | 442,510 |  |  | $ | 606,076 |  |  | $ | 532,889 |
Manufacturing |  |  |  |  |
Revenue | $ | 769,332 |  |  | $ | 721,443 |  |  | $ | 789,569 |
Cost of revenue (excluding amortization of intangible assets) | 440,511 |  |  | 441,411 |  |  | 440,042 |
Selling, general and administrative | 132,803 |  |  | 146,311 |  |  | 139,027 |
Amortization of intangible assets | 52,471 |  |  | 45,392 |  |  | 43,416 |
Goodwill impairment | 215,000 |  |  | — |  |  | — |
Operating income (loss) | $ | (71,453) |  |  | $ | 88,329 |  |  | $ | 167,084 |
Unallocated Corporate (1) |  |  |  |  |
Selling, general and administrative | $ | 258,121 |  |  | $ | 231,810 |  |  | $ | 209,408 |
Operating income (loss) | $ | (258,121) |  |  | $ | (231,810) |  |  | $ | (209,408) |
(1) Operating income for unallocated corporate consists of costs associated with departments such as senior executives, corporate accounting, legal, tax, human resources, treasury, and investor relations.
| Fiscal Year
| December 28, 2024 |  | December 30, 2023 |  | December 31, 2022
Revenue |  |  |  |  |
RMS | $ | 829,377 |  |  | $ | 792,343 |  |  | $ | 739,175 |
DSA | 2,451,280 |  |  | 2,615,623 |  |  | 2,447,316 |
Manufacturing | 769,332 |  |  | 721,443 |  |  | 789,569 |
Total revenue | $ | 4,049,989 |  |  | $ | 4,129,409 |  |  | $ | 3,976,060 |
Operating Income (Loss) |  |  |  |  |
RMS | $ | 114,411 |  |  | $ | 154,666 |  |  | $ | 160,410 |
DSA | 442,510 |  |  | 606,076 |  |  | 532,889 |
Manufacturing | (71,453) |  |  | 88,329 |  |  | 167,084 |
Segment operating income | 485,468 |  |  | 849,071 |  |  | 860,383 |
Unallocated corporate | (258,121) |  |  | (231,810) |  |  | (209,408) |
Operating income | $ | 227,347 |  |  | $ | 617,261 |  |  | $ | 650,975 |
Other income (expense): |  |  |  |  |
Interest income | 8,575 |  |  | 5,196 |  |  | 780 |
Interest expense | (126,288) |  |  | (136,710) |  |  | (59,291) |
Other income (expense), net | (16,520) |  |  | 95,537 |  |  | 30,523 |
Income before income taxes | $ | 93,114 |  |  | $ | 581,284 |  |  | $ | 622,987 |
Capital expenditures and depreciation and amortization (related to both intangible assets and certain assets acquired in business combinations) by reportable segment are as follows:
| RMS |  | DSA |  | Manufacturing |  | Unallocated Corporate |  | Consolidated
| (in thousands)
Capital Expenditures |  |  |  |  |  |  |  |  |
Fiscal Year |  |  |  |  |  |  |  |  |
2024 | $ | 64,134 |  |  | $ | 128,356 |  |  | $ | 38,500 |  |  | $ | 1,977 |  |  | $ | 232,967 |
2023 | 52,819 |  |  | 204,891 |  |  | 58,134 |  |  | 2,684 |  |  | 318,528 |
2022 | 44,136 |  |  | 189,563 |  |  | 87,084 |  |  | 3,950 |  |  | 324,733 |
Depreciation and amortization |  |  |  |  |  |  |  |  |
Fiscal Year |  |  |  |  |  |  |  |  |
2024 | $ | 73,812 |  |  | $ | 191,126 |  |  | $ | 89,964 |  |  | $ | 6,839 |  |  | $ | 361,741 |
2023 | 55,570 |  |  | 174,719 |  |  | 79,982 |  |  | 3,853 |  |  | 314,124 |
2022 | 49,274 |  |  | 179,465 |  |  | 72,950 |  |  | 2,181 |  |  | 303,870 |
Schedule of Revenue by Geographic Area | The following table disaggregates the Company’s revenue by reportable segment and timing of transfer of products or services:
Timing of Revenue Recognition: | 2024 |  | 2023 |  | 2022
| (in thousands)
RMS |  |  |  |  |
Services and products transferred over time | $ | 380,899 |  |  | $ | 377,947 |  |  | $ | 340,708 |
Services and products transferred at a point in time | 448,478 |  |  | 414,396 |  |  | 398,467 |
Total RMS revenue | 829,377 |  |  | 792,343 |  |  | 739,175 |
DSA |  |  |  |  |
Services and products transferred over time | 2,446,751 |  |  | 2,611,564 |  |  | 2,440,646 |
Services and products transferred at a point in time | 4,529 |  |  | 4,059 |  |  | 6,670 |
Total DSA revenue | 2,451,280 |  |  | 2,615,623 |  |  | 2,447,316 |
Manufacturing |  |  |  |  |
Services and products transferred over time | 407,474 |  |  | 381,942 |  |  | 371,500 |
Services and products transferred at a point in time | 361,858 |  |  | 339,501 |  |  | 418,069 |
Total Manufacturing revenue | 769,332 |  |  | 721,443 |  |  | 789,569 |
Total revenue | $ | 4,049,989 |  |  | $ | 4,129,409 |  |  | $ | 3,976,060 |
Revenue by geographic area is as follows:
| U.S. |  | Europe |  | Canada |  | Asia Pacific |  | Other (1) |  | Consolidated
| (in thousands)
Fiscal Year |  |  |  |  |  |  |  |  |  |  |
2024 | $ | 2,239,977 |  |  | $ | 1,078,146 |  |  | $ | 482,093 |  |  | $ | 196,952 |  |  | $ | 52,821 |  |  | $ | 4,049,989 |
2023 | 2,347,486 |  |  | 1,076,937 |  |  | 487,305 |  |  | 200,833 |  |  | 16,848 |  |  | 4,129,409 |
2022 | 2,342,158 |  |  | 1,032,125 |  |  | 398,982 |  |  | 192,837 |  |  | 9,958 |  |  | 3,976,060 |
(1) The Other category represents operations located in Brazil, Israel, and Mauritius.
Schedule of Long-Lived Assets by Geographic Area | Long-lived assets consist of property, plant, and equipment, net. Long-lived assets by geographic area are as follows:
| U.S. |  | Europe |  | Canada |  | Asia Pacific |  | Other (1) |  | Consolidated
| (in thousands)
Fiscal Year |  |  |  |  |  |  |  |  |  |  |
2024 | $ | 941,621 |  |  | $ | 412,967 |  |  | $ | 147,039 |  |  | $ | 66,046 |  |  | $ | 36,341 |  |  | $ | 1,604,014 |
2023 | 964,176 |  |  | 407,375 |  |  | 157,483 |  |  | 74,605 |  |  | 36,102 |  |  | 1,639,741 |
2022 | 896,235 |  |  | 349,361 |  |  | 135,300 |  |  | 82,778 |  |  | 1,981 |  |  | 1,465,655 |
(1) The Other category represents operations located in Brazil and Mauritius.

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_LongLivedAssetsByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration