v3.26.3
RESTRUCTURING AND ASSET IMPAIRMENTS
 9 Months Ended
Sep. 26, 2026
Restructuring and Related Activities [Abstract]  
RESTRUCTURING AND ASSET IMPAIRMENTS RESTRUCTURING AND ASSET IMPAIRMENTS
In September 2026, the Company announced “Create the Future,” a multi-year restructuring program intended to modernize operations, improve client experience, and enhance profitability through AI and automation, simplification and digitization, and enterprise optimization. Create the Future builds upon actions already underway, including process improvements, procurement synergies, global business service expansion, workforce optimization, and real estate footprint rationalization.
Costs associated with these ongoing actions and Create the Future are expected to be incurred across all reportable segments and corporate through 2030 and primarily relate to workforce reduction initiatives resulting in severance and transition costs, facility consolidation activities resulting in long-lived asset impairment charges (principally property, plant, and equipment and operating lease right-of-use assets), accelerated depreciation charges, and certain other costs.
The following table presents restructuring costs by reportable segment:
Three Months EndedNine Months Ended
September 26, 2026September 27, 2025September 26, 2026September 27, 2025
(in thousands)
DSA$8,094 $4,530 $21,981 $38,148 
Manufacturing1,664 2,635 2,843 13,790 
RMS2,415 5,824 27,795 14,667 
Unallocated corporate7,038 4,294 21,229 6,723 
Total$19,211 $17,283 $73,848 $73,328 
The following table presents restructuring costs as included within the Company’s unaudited condensed consolidated statements of income:
September 26, 2026September 27, 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)$1,602 $4,936 $6,538 $1,349 $10,015 $11,364 
Cost of products sold (excluding amortization of intangible assets)54 437 491 279 1,696 1,975 
Selling, general and administrative7,463 4,719 12,182 3,168 776 3,944 
Total restructuring costs$9,119 $10,092 $19,211 $4,796 $12,487 $17,283 
Nine Months Ended
Cost of services provided (excluding amortization of intangible assets)$7,829 $39,829 $47,658 $7,739 $49,639 $57,378 
Cost of products sold (excluding amortization of intangible assets)1,229 2,156 3,385 447 4,354 4,801 
Selling, general and administrative8,532 14,273 22,805 8,751 2,398 11,149 
Total restructuring costs$17,590 $56,258 $73,848 $16,937 $56,391 $73,328 
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)
Nine Months Ended September 26, 2026
Beginning balance
$23,005 $— $— $23,005 
Expense
17,590 26,824 29,434 73,848 
Payments / utilization
(24,390)— (24,631)(49,021)
Other non-cash adjustments
— (26,824)(4,803)(31,627)
Foreign currency adjustments
(117)— — (117)
Ending Balance
$16,088 $— $— $16,088 
Nine Months Ended September 27, 2025
Beginning balance
$24,469 $— $875 $25,344 
Expense
16,937 36,481 19,910 73,328 
Payments / utilization
(27,398)— (19,067)(46,465)
Other non-cash adjustments
— (36,481)(1,718)(38,199)
Foreign currency adjustments
436 — — 436 
Ending Balance
$14,444 $— $— $14,444 
As of September 26, 2026 and December 27, 2025, $16.1 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.