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SEGMENT AND GEOGRAPHIC INFORMATION (Tables)

6 Months Ended

Jun. 28, 2025

Segment Reporting [Abstract]

Schedule of Revenue and Other Financial Information by Business Segment

			Three Months Ended												Six Months Ended
			June 28, 2025						June 29, 2024						June 28, 2025						June 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 administrative			28,369						27,597						52,575						58,490
Amortization of intangible assets			5,981						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 administrative			60,270						54,479						125,563						111,338
Amortization of intangible assets			13,071						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 administrative			32,416						33,813						66,448						66,660
Amortization of intangible assets			46,332						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 Ended												Six Months Ended
			June 28, 2025						June 29, 2024						June 28, 2025						June 29, 2024
			(in thousands)
Revenue
RMS			$	213,271					$	206,389					$	426,344					$	427,296
DSA			618,029						627,419						1,210,638						1,232,871
Manufacturing			200,835						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
DSA			122,781						138,376						216,733						253,215
Manufacturing			12,061						37,230						3,441						70,911
Segment operating income			170,628						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 income			1,097						3,010						2,501						5,212
Interest expense			(29,967)						(32,769)						(57,851)						(67,770)
Other income (expense), net			154						(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:

			RMS						DSA						Manufacturing						Unallocated Corporate						Consolidated
			(in thousands)
Capital Expenditures
Three Months Ended:
June 28, 2025			$	3,640					$	18,500					$	11,161					$	1,997					$	35,298
June 29, 2024			9,313						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, 2024			29,357						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, 2024			16,538						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, 2024			34,661						93,518						39,878						3,382						171,439
(1) Depreciation and amortization includes both inventory step up amortization expense and biological assets amortization expense.

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:

			Three Months Ended												Six Months Ended
			June 28, 2025						June 29, 2024						June 28, 2025						June 29, 2024
			(in thousands)
Timing of Revenue Recognition:
RMS
Services and products transferred over time			$	97,748					$	95,299					$	194,752					$	192,348
Services and products transferred at a point in time			115,523						111,090						231,592						234,948
Total RMS revenue			213,271						206,389						426,344						427,296
DSA
Services and products transferred over time			617,865						626,785						1,209,385						1,230,910
Services and products transferred at a point in time			164						634						1,253						1,961
Total DSA revenue			618,029						627,419						1,210,638						1,232,871
Manufacturing
Services and products transferred over time			106,617						104,481						198,084						204,539
Services and products transferred at a point in time			94,218						87,828						181,237						172,971
Total Manufacturing revenue			200,835						192,309						379,321						377,510
Total revenue			$	1,032,135					$	1,026,117					$	2,016,303					$	2,037,677

Revenue by geographic area is as follows:

			U.S.						Europe						Canada						Asia 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, 2024			571,427						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, 2024			1,133,744						547,696						235,645						96,159						24,433						2,037,677
(1) The Other category represents operations located in Brazil, Israel, and Mauritius.

Schedule of Long-Lived Assets by Geographic Area

Long-lived assets by geographic area are as follows:

			U.S.						Europe						Canada						Asia Pacific						Other						Consolidated
			(in thousands)
Long-lived assets
June 28, 2025			$	893,874					$	451,998					$	156,576					$	64,180					$	40,105					$	1,606,733
December 28, 2024			941,621						412,967						147,039						66,046						36,341						1,604,014

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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.

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-Topic 606
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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.

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