v3.26.1
RESTRUCTURING AND ASSET IMPAIRMENTS
6 Months Ended
Jun. 27, 2026
Restructuring and Related Activities [Abstract]  
RESTRUCTURING AND ASSET IMPAIRMENTS RESTRUCTURING AND ASSET IMPAIRMENTS
The Company has undertaken restructuring actions within each of its reportable segments which include right-sizing the infrastructure, optimizing operations, and driving efficiency. This includes workforce right-sizing actions resulting in severance and transition costs; and costs related to the consolidation of facilities resulting in long-lived asset impairments (principally property, plant, and equipment and right-of-use assets), accelerated depreciation charges, and certain other costs. Generally, these actions are in response to recent macroeconomic impacts on the Company.
The following table presents restructuring costs by reportable segment:
Three Months EndedSix Months Ended
June 27, 2026June 28, 2025June 27, 2026June 28, 2025
(in thousands)
RMS$7,748 $7,419 $25,380 $8,843 
DSA7,007 16,076 13,887 33,618 
Manufacturing717 7,444 1,179 11,155 
Unallocated corporate7,585 1,261 14,191 2,429 
Total$23,057 $32,200 $54,637 $56,045 
The following table presents restructuring costs as included within the Company’s unaudited condensed consolidated statements of income:
June 27, 2026June 28, 2025
Severance and Transition CostsAsset Impairments and Other CostsTotalSeverance and Transition CostsAsset Impairments and Other CostsTotal
(in thousands)
Three Months Ended
Cost of services provided (excluding amortization of intangible assets)$1,436 $13,699 $15,135 $(1,308)$26,451 $25,143 
Cost of products sold (excluding amortization of intangible assets)(24)528 504 (95)1,425 1,330 
Selling, general and administrative841 6,577 7,418 5,130 597 5,727 
Total restructuring costs$2,253 $20,804 $23,057 $3,727 $28,473 $32,200 
Six Months Ended
Cost of services provided (excluding amortization of intangible assets)$6,227 $34,893 $41,120 $6,390 $39,624 $46,014 
Cost of products sold (excluding amortization of intangible assets)1,175 1,719 2,894 168 2,658 2,826 
Selling, general and administrative1,069 9,554 10,623 5,583 1,622 7,205 
Total restructuring costs$8,471 $46,166 $54,637 $12,141 $43,904 $56,045 
Rollforward of Restructuring Activities
The following table provides a rollforward for the Company’s accrued restructuring costs related to all restructuring activities:
Severance and Transition Costs
Asset Impairments
Other Costs
Total
(in thousands)
Six Months Ended June 27, 2026
Beginning balance
$23,005 $— $— $23,005 
Expense
8,471 26,086 20,080 54,637 
Payments / utilization
(15,794)— (16,408)(32,202)
Other non-cash adjustments
— (26,086)(3,672)(29,758)
Foreign currency adjustments
(114)— — (114)
Ending Balance
$15,568 $— $— $15,568 
Six Months Ended June 28, 2025
Beginning balance
$24,469 $— $875 $25,344 
Expense
12,141 31,062 12,842 56,045 
Payments / utilization
(20,020)— (12,458)(32,478)
Other non-cash adjustments
— (31,062)(1,259)(32,321)
Foreign currency adjustments
474 — — 474 
Ending Balance
$17,064 $— $— $17,064 
As of June 27, 2026 and December 27, 2025, $15.6 million and $23.0 million, respectively, of severance and other personnel related costs liabilities were included in accrued compensation and accrued liabilities within the Company’s unaudited condensed consolidated balance sheets.