v3.26.1
SEGMENT AND GEOGRAPHIC INFORMATION
 6 Months Ended
Jun. 27, 2026
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 27, 2026June 28, 2025June 27, 2026June 28, 2025
(in thousands)
RMS
Revenue$209,475 $213,271 $417,842 $426,344 
Cost of revenue (excluding amortization of intangible assets)143,825 143,135 297,788 282,431 
Selling, general and administrative26,498 28,369 28,093 52,575 
Amortization of intangible assets2,875 5,981 5,911 11,947 
Operating income$36,277 $35,786 $86,050 $79,391 
DSA
Revenue$606,507 $618,029 $1,203,430 $1,210,638 
Cost of revenue (excluding amortization of intangible assets)412,340 421,907 847,500 842,050 
Selling, general and administrative60,115 60,270 107,639 125,563 
Amortization of intangible assets9,653 13,071 20,017 26,292 
Operating income$124,399 $122,781 $228,274 $216,733 
Manufacturing
Revenue$188,096 $200,835 $378,636 $379,321 
Cost of revenue (excluding amortization of intangible assets)84,539 110,026 196,582 217,023 
Selling, general and administrative35,890 32,416 65,603 66,448 
Amortization of intangible assets2,061 46,332 4,006 92,409 
Operating income (loss)$65,606 $12,061 $112,445 $3,441 
Unallocated Corporate (1)
Selling, general and administrative$106,394 $70,494 $186,984 $124,762 
Operating loss$(106,394)$(70,494)$(186,984)$(124,762)
(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 27, 2026June 28, 2025June 27, 2026June 28, 2025
(in thousands)
Revenue
RMS$209,475 $213,271 $417,842 $426,344 
DSA606,507 618,029 1,203,430 1,210,638 
Manufacturing188,096 200,835 378,636 379,321 
Total revenue$1,004,078 $1,032,135 $1,999,908 $2,016,303 
Operating Income (Loss)
RMS$36,277 $35,786 $86,050 $79,391 
DSA124,399 122,781 228,274 216,733 
Manufacturing65,606 12,061 112,445 3,441 
Segment operating income226,282 170,628 426,769 299,565 
Unallocated Corporate(106,394)(70,494)(186,984)(124,762)
Operating income$119,888 $100,134 $239,785 $174,803 
Other income (expense):
Interest income1,032 1,097 2,065 2,501 
Interest expense(30,340)(29,967)(57,082)(57,851)
Other (expense) income, net
(37,410)154 (161,540)(12,057)
Income (loss) before income taxes$53,170 $71,418 $23,228 $107,396 

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 27, 2026$4,989 $20,433 $5,634 $49 $31,105 
June 28, 20253,640 18,500 11,161 1,997 35,298 
Six Months Ended:
June 27, 2026$16,557 $57,942 $11,908 $606 $87,013 
June 28, 202510,926 53,021 28,440 2,235 94,622 
Depreciation and amortization (1)
Three Months Ended:
June 27, 2026$15,733 $41,633 $7,389 $2,535 $67,290 
June 28, 202519,710 42,575 55,343 1,879 119,507 
Six Months Ended:
June 27, 2026$31,873 $81,547 $15,788 $5,233 $134,441 
June 28, 202541,471 84,659 109,966 3,775 239,871 
(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 27, 2026$539,861 $263,074 $127,508 $60,517 $13,118 $1,004,078 
June 28, 2025549,860 281,859 135,585 54,503 10,328 1,032,135 
Six Months Ended:
June 27, 2026$1,083,670 $540,651 $237,075 $115,998 $22,514 $1,999,908 
June 28, 20251,086,815 545,109 260,938 96,445 26,996 2,016,303 
(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)
Property, plant and equipment, net
June 27, 2026$836,050 $396,869 $159,070 $60,569 $42,356 $1,494,914 
December 27, 2025919,236 468,638 163,337 61,814 42,194 1,655,219