XML 29 R12.htm IDEA: XBRL DOCUMENT v3.25.0.1
SEGMENT AND GEOGRAPHIC INFORMATION
 12 Months Ended
Dec. 28, 2024
Segment Reporting [Abstract]  
SEGMENT AND GEOGRAPHIC INFORMATION SEGMENT AND GEOGRAPHIC INFORMATION
The Company operates in three reportable segments (RMS, DSA, and Manufacturing). The reportable segments comprise the structure used by the Company’s Chief Executive Officer, who is the Chief Operating Decision Maker (CODM), to make key operating decisions and assess performance. These segments are strategic business units with differing products and services.
The Company’s CODM evaluates the segments operating performance based on operating income. Operating income is the measure of profit or loss regularly provided to and used by the CODM to assess performance and allocate resources. Operating income is defined as revenue less costs of revenue; selling, general, and administrative expenses; amortization of intangible assets; and goodwill impairments. For each segment, the CODM uses operating income in the annual budgeting and quarterly forecasting process when comparing to actual results. Asset information on a reportable segment basis is not disclosed as this information is not separately identified and internally reported to the Company’s CODM. The following table presents the results of operations by reportable segment:
Fiscal Year
December 28, 2024December 30, 2023December 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 administrative110,982 105,965 102,795 
Amortization of intangible assets23,493 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 administrative249,097 263,770 213,870 
Amortization of intangible assets62,507 70,305 82,797 
Operating income$442,510 $606,076 $532,889 
Manufacturing
Revenue$769,332 $721,443 $789,569 
Cost of revenue (excluding amortization of intangible assets)440,511 441,411 440,042 
Selling, general and administrative132,803 146,311 139,027 
Amortization of intangible assets52,471 45,392 43,416 
Goodwill impairment215,000 — — 
Operating income (loss)$(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, 2024December 30, 2023December 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 income8,575 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:
RMSDSAManufacturingUnallocated CorporateConsolidated
(in thousands)
Capital Expenditures
Fiscal Year
2024$64,134 $128,356 $38,500 $1,977 $232,967 
202352,819 204,891 58,134 2,684 318,528 
202244,136 189,563 87,084 3,950 324,733 
Depreciation and amortization
Fiscal Year
2024$73,812 $191,126 $89,964 $6,839 $361,741 
202355,570 174,719 79,982 3,853 314,124 
202249,274 179,465 72,950 2,181 303,870 
Revenue represents sales originating in entities physically located in the identified geographic area. Revenue by geographic area is as follows:
U.S.EuropeCanadaAsia Pacific
Other (1)
Consolidated
(in thousands)
Fiscal Year
2024$2,239,977 $1,078,146 $482,093 $196,952 $52,821 $4,049,989 
20232,347,486 1,076,937 487,305 200,833 16,848 4,129,409 
20222,342,158 1,032,125 398,982 192,837 9,958 3,976,060 
(1) The Other category represents operations located in Brazil, Israel, and Mauritius.
Long-lived assets consist of property, plant, and equipment, net. Long-lived assets by geographic area are as follows:
U.S.EuropeCanadaAsia Pacific
Other (1)
Consolidated
(in thousands)
Fiscal Year
2024$941,621 $412,967 $147,039 $66,046 $36,341 $1,604,014 
2023964,176 407,375 157,483 74,605 36,102 1,639,741 
2022896,235 349,361 135,300 82,778 1,981 1,465,655 
(1) The Other category represents operations located in Brazil and Mauritius.