RESTRUCTURING AND ASSET IMPAIRMENTS

12 Months Ended

Dec. 28, 2024

Restructuring and Related Activities [Abstract]

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.