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SEGMENT AND GEOGRAPHIC INFORMATION
 9 Months Ended
Sep. 27, 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 EndedNine Months Ended
September 27, 2025September 28, 2024September 27, 2025September 28, 2024
(in thousands)
RMS  
Revenue$213,474 $197,824 $639,818 $625,120 
Cost of revenue (excluding amortization of intangible assets)148,004 137,906 430,435 421,773 
Selling, general and administrative24,934 26,453 77,509 84,943 
Amortization of intangible assets5,983 5,921 17,930 17,763 
Operating income$34,553 $27,544 $113,944 $100,641 
DSA
Revenue$600,685 $615,060 $1,811,323 $1,847,931 
Cost of revenue (excluding amortization of intangible assets)408,112 409,684 1,250,162 1,246,560 
Selling, general and administrative56,266 63,260 181,829 174,598 
Amortization of intangible assets13,154 15,680 39,446 47,122 
Operating income$123,153 $126,436 $339,886 $379,651 
Manufacturing
Revenue$190,693 $196,879 $570,014 $574,389 
Cost of revenue (excluding amortization of intangible assets)109,944 113,152 326,967 331,530 
Selling, general and administrative32,556 32,737 99,004 99,397 
Amortization of intangible assets8,267 10,802 100,676 32,363 
Operating income$39,926 $40,188 $43,367 $111,099 
Unallocated Corporate (1)
Selling, general and administrative$63,833 $76,763 $188,595 $196,357 
Operating loss$(63,833)$(76,763)$(188,595)$(196,357)
(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 EndedNine Months Ended
September 27, 2025September 28, 2024September 27, 2025September 28, 2024
(in thousands)
Revenue
RMS$213,474 $197,824 $639,818 $625,120 
DSA600,685 615,060 1,811,323 1,847,931 
Manufacturing190,693 196,879 570,014 574,389 
Total revenue$1,004,852 $1,009,763 $3,021,155 $3,047,440 
Operating Income (Loss)
RMS$34,553 $27,544 $113,944 $100,641 
DSA123,153 126,436 339,886 379,651 
Manufacturing39,926 40,188 43,367 111,099 
Segment operating income197,632 194,168 497,197 591,391 
Unallocated Corporate(63,833)(76,763)(188,595)(196,357)
Operating income$133,799 $117,405 $308,602 $395,034 
Other income (expense):
Interest income1,422 1,528 3,923 6,740 
Interest expense(25,403)(30,284)(83,254)(98,054)
Other income (expense), net(22,618)2,592 (34,675)6,185 
Income before income taxes$87,200 $91,241 $194,596 $309,905 

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:
September 27, 2025$3,173 $25,709 $5,191 $1,507 $35,580 
September 28, 20247,186 22,773 8,735 27 38,721 
Nine Months Ended:
September 27, 2025$14,099 $78,730 $33,631 $3,742 $130,202 
September 28, 202436,543 91,176 28,180 1,452 157,351 
Depreciation and amortization (1)
Three Months Ended:
September 27, 2025$21,939 $44,001 $17,377 $1,847 $85,164 
September 28, 202418,389 47,751 20,298 1,760 88,198 
Nine Months Ended:
September 27, 2025$63,410 $128,660 $127,343 $5,622 $325,035 
September 28, 202453,050 141,269 60,176 5,142 259,637 
(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:
September 27, 2025$537,605 $277,690 $116,809 $51,664 $21,084 $1,004,852 
September 28, 2024559,277 267,123 127,088 45,009 11,266 1,009,763 
Nine Months Ended:
September 27, 2025$1,624,420 $822,799 $377,747 $148,109 $48,080 $3,021,155 
September 28, 20241,693,021 814,819 362,733 141,168 35,699 3,047,440 
(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
September 27, 2025$888,989 $446,629 $153,670 $61,551 $40,786 $1,591,625 
December 28, 2024941,621 412,967 147,039 66,046 36,341 1,604,014