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REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables) | 3 Months Ended
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Mar. 29, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following table disaggregates the Company’s revenue by reportable segment and timing of transfer of products or services:
|  |  | Three Months Ended
|  |  |  |  | March 29, 2025 |  | March 30, 2024
|  |  |  |  | (in thousands)
Timing of Revenue Recognition: |  |  |  |  |  |  |
RMS |  |  |  |  |  |  |
Services and products transferred over time |  |  |  |  | $ | 97,004 |  |  | $ | 97,049 |
Services and products transferred at a point in time |  |  |  |  | 116,069 |  |  | 123,858 |
Total RMS revenue |  |  |  |  | 213,073 |  |  | 220,907 |
DSA |  |  |  |  |  |  |
Services and products transferred over time |  |  |  |  | 591,520 |  |  | 604,125 |
Services and products transferred at a point in time |  |  |  |  | 1,089 |  |  | 1,327 |
Total DSA revenue |  |  |  |  | 592,609 |  |  | 605,452 |
Manufacturing |  |  |  |  |  |  |
Services and products transferred over time |  |  |  |  | 91,467 |  |  | 100,058 |
Services and products transferred at a point in time |  |  |  |  | 87,019 |  |  | 85,143 |
Total Manufacturing revenue |  |  |  |  | 178,486 |  |  | 185,201 |
Total revenue |  |  |  |  | $ | 984,168 |  |  | $ | 1,011,560 |
Revenue by geographic area is as follows:
| U.S. |  | Europe |  | Canada |  | Asia Pacific |  | Other (1) |  | Consolidated
| (in thousands)
Three Months Ended: |  |  |  |  |  |  |  |  |  |  |
March 29, 2025 | $ | 536,955 |  |  | $ | 263,250 |  |  | $ | 125,353 |  |  | $ | 41,942 |  |  | $ | 16,668 |  |  | $ | 984,168 |
March 30, 2024 | 562,317 |  |  | 276,319 |  |  | 110,401 |  |  | 45,772 |  |  | 16,751 |  |  | 1,011,560 |
(1) The Other category represents operations located in Brazil, Israel, and Mauritius.
Schedule of Client Receivables, Contract Assets and Contract Liabilities | The following table provides information about client receivables, contract assets, and contract liabilities from contracts with customers:
| March 29, 2025 |  | December 28, 2024
| (in thousands)
Assets from contracts with customers |  |  |
Client receivables | $ | 556,937 |  |  | $ | 527,705 |
Unbilled revenue | 215,950 |  |  | 211,511 |
Total | 772,887 |  |  | 739,216 |
Less: Allowance for credit losses | (16,258) |  |  | (18,301) |
Trade receivables and contract assets, net | $ | 756,629 |  |  | $ | 720,915 |
Liabilities from contracts with customers |  |  |
Current deferred revenue | $ | 250,462 |  |  | $ | 248,322 |
Long-term deferred revenue (included in Other long-term liabilities) | 33,945 |  |  | 34,291 |
Customer contract deposits (included in Other current liabilities) | 99,654 |  |  | 89,446 |
Schedule of Allowance for Credit Losses | The following is a summary of the activity of the Company’s allowance for credit losses:
|  |  | Three Months Ended
|  |  |  |  | March 29, 2025 |  | March 30, 2024
|  |  |  |  | (in thousands)
Beginning balance |  |  |  |  | $ | 18,301 |  |  | $ | 25,722 |
Provisions |  |  |  |  | 2,007 |  |  | 934 |
Reductions |  |  |  |  | (4,050) |  |  | (1,249) |
Ending balance |  |  |  |  | $ | 16,258 |  |  | $ | 25,407 |

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- Definition Tabular disclosure of allowance for credit loss on accounts receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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- 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
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