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SEGMENT AND GEOGRAPHIC INFORMATION
 6 Months Ended
Jun. 28, 2025
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; and amortization of intangible assets. 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:
Three Months EndedSix Months Ended
June 28, 2025June 29, 2024June 28, 2025June 29, 2024
(in thousands)
RMS  
Revenue$213,271 $206,389 $426,344 $427,296 
Cost of revenue (excluding amortization of intangible assets)143,135 142,942 282,431 283,867 
Selling, general and administrative28,369 27,597 52,575 58,490 
Amortization of intangible assets5,981 5,902 11,947 11,842 
Operating income$35,786 $29,948 $79,391 $73,097 
DSA
Revenue$618,029 $627,419 $1,210,638 $1,232,871 
Cost of revenue (excluding amortization of intangible assets)421,907 418,964 842,050 836,876 
Selling, general and administrative60,270 54,479 125,563 111,338 
Amortization of intangible assets13,071 15,600 26,292 31,442 
Operating income$122,781 $138,376 $216,733 $253,215 
Manufacturing
Revenue$200,835 $192,309 $379,321 $377,510 
Cost of revenue (excluding amortization of intangible assets)110,026 110,498 217,023 218,378 
Selling, general and administrative32,416 33,813 66,448 66,660 
Amortization of intangible assets46,332 10,768 92,409 21,561 
Operating income$12,061 $37,230 $3,441 $70,911 
Unallocated Corporate (1)
Selling, general and administrative$70,494 $53,902 $124,762 $119,594 
Operating loss$(70,494)$(53,902)$(124,762)$(119,594)
(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.
Three Months EndedSix Months Ended
June 28, 2025June 29, 2024June 28, 2025June 29, 2024
(in thousands)
Revenue
RMS$213,271 $206,389 $426,344 $427,296 
DSA618,029 627,419 1,210,638 1,232,871 
Manufacturing200,835 192,309 379,321 377,510 
Total revenue$1,032,135 $1,026,117 $2,016,303 $2,037,677 
Operating Income (Loss)
RMS$35,786 $29,948 $79,391 $73,097 
DSA122,781 138,376 216,733 253,215 
Manufacturing12,061 37,230 3,441 70,911 
Segment operating income170,628 205,554 299,565 397,223 
Unallocated Corporate(70,494)(53,902)(124,762)(119,594)
Operating income$100,134 $151,652 $174,803 $277,629 
Other income (expense):
Interest income1,097 3,010 2,501 5,212 
Interest expense(29,967)(32,769)(57,851)(67,770)
Other income (expense), net154 (2,240)(12,057)3,593 
Income before income taxes$71,418 $119,653 $107,396 $218,664 

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
Three Months Ended:
June 28, 2025$3,640 $18,500 $11,161 $1,997 $35,298 
June 29, 20249,313 19,444 10,583 146 39,486 
Six Months Ended:
June 28, 2025$10,926 $53,021 $28,440 $2,235 $94,622 
June 29, 202429,357 68,403 19,445 1,425 118,630 
Depreciation and amortization (1)
Three Months Ended:
June 28, 2025$19,710 $42,575 $55,343 $1,879 $119,507 
June 29, 202416,538 47,729 20,073 1,742 86,082 
Six Months Ended:
June 28, 2025$41,471 $84,659 $109,966 $3,775 $239,871 
June 29, 202434,661 93,518 39,878 3,382 171,439 
(1) Depreciation and amortization includes both inventory step up amortization expense and biological assets amortization expense.
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)
Three Months Ended:
June 28, 2025$549,860 $281,859 $135,585 $54,503 $10,328 $1,032,135 
June 29, 2024571,427 271,377 125,244 50,387 7,682 1,026,117 
Six Months Ended:
June 28, 2025$1,086,815 $545,109 $260,938 $96,445 $26,996 $2,016,303 
June 29, 20241,133,744 547,696 235,645 96,159 24,433 2,037,677 
(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 PacificOtherConsolidated
(in thousands)
Long-lived assets
June 28, 2025$893,874 $451,998 $156,576 $64,180 $40,105 $1,606,733 
December 28, 2024941,621 412,967 147,039 66,046 36,341 1,604,014