Company: CRL
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001100682-25-000011
Chunk: 189

Company: CHARLES RIVER LABORATORIES INTERNATIONAL, INC.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 189
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 $31.0 million, respectively.

16. RESTRUCTURING AND ASSET IMPAIRMENTS

The Company has undertaken restructuring actions impacting the reportable segments at various locations across North America, Europe and Asia to manage the Company through the current demand environment, including appropriately right-sizing the Company’s 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.

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CHARLES RIVER LABORATORIES INTERNATIONAL, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

The following table presents restructuring costs by reportable segment:Fiscal Year202420232022(in thousands)RMS$43,912 $3,479 $1,007 DSA39,344 16,176 851 Manufacturing12,874 9,138 5,126 Unallocated corporate10,855 889 1,229 Total$106,985 $29,682 $8,213 The following table presents restructuring costs as included within the Company’s consolidated statements of income for fiscal years 2024, 2023 and 2022:Fiscal Year2024Severance and Transition CostsAsset Impairments and Other CostsTotal(in thousands)Twelve Months EndedCost of services provided (excluding amortization of intangible assets)$28,348 $26,643 $54,991 Cost of products sold (excluding amortization of intangible assets)2,786 18,348 21,134 Selling, general and administrative23,051 7,809 30,860 Total restructuring costs$54,185 $52,800 $106,985 Fiscal Year2023Severance and Transition CostsAsset Impairments and Other CostsTotal(in thousands)Twelve Months EndedCost of services provided (excluding amortization of intangible assets)$7,408 $14,812 $22,220 Cost of products sold (excluding amortization of intangible assets)1,146 3,262 4,408 Selling, general and administrative3,054 — 3,054 Total restructuring costs$11,608 $18,074 $29,682