RESTRUCTURING AND ASSET IMPAIRMENTS

3 Months Ended

Mar. 30, 2024

Restructuring and Related Activities [Abstract]

The Company has undertaken restructuring actions impacting the reportable segments at various locations across North America, Europe and Asia. This includes workforce right-sizing actions resulting in severance and transition costs; and costs related to the consolidation of facilities resulting in asset impairment and accelerated depreciation charges.

The following table presents restructuring costs by reportable segment:


	Three Months Ended
		March 30, 2024		April 1, 2023
		(in thousands)
RMS		$	7,387	$	—
DSA		6,491		(2)
Manufacturing		1,631		3,488
Unallocated corporate		1,490		—
Total		$	16,999	$	3,486

The following table presents restructuring costs as included within the Company’s unaudited condensed consolidated statements of income:


	March 30, 2024						April 1, 2023
	Severance and Transition Costs		Asset Impairments and Other Costs		Total		Severance and Transition Costs		Asset Impairments and Other Costs		Total
	(in thousands)






Three Months Ended
Cost of services provided (excluding amortization of intangible assets)	$	4,810	$	1,108	$	5,918	$	567	$	—	$	567
Cost of products sold (excluding amortization of intangible assets)	678		1,330		2,008		18		2,564		2,582
Selling, general and administrative	3,549		5,524		9,073		329		8		337
Total restructuring costs	$	9,037	$	7,962	$	16,999	$	914	$	2,572	$	3,486

Rollforward of Restructuring Activities

The following table provides a rollforward for all of the Company’s severance and transition costs related to all restructuring activities:


	Three Months Ended
	March 30, 2024		April 1, 2023
	(in thousands)
Beginning balance	$	5,050	$	1,300
Expense (excluding non-cash charges)	9,037		914
Payments / utilization	(3,235)		(331)

Foreign currency adjustments	(40)		6
Ending balance	$	10,812	$	1,889

As of March 30, 2024 and December 30, 2023, $10.8 million and $5.1 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.