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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Mar. 28, 2020
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] |
Schedule of Property, Plant and Equipment Estimated Useful Lives | Property, plant and equipment is recorded at historical cost. The Company provides for depreciation and amortization by charges to operations using the straight-line method in amounts estimated to recover the cost of the building and improvements, equipment and furniture and fixtures over their estimated useful lives as follows:
Asset Classification |  | Estimated Useful Lives
Building |  | 30-40 Years
Building improvements |  | 5-20 Years
Plant equipment and machinery |  | 3-15 Years
Office equipment and information technology |  | 3-10 Years
Haemonetics equipment |  | 3-7 Years
Schedule of Other Accrued Liabilities | Other Current Liabilities Other current liabilities represent items payable or expected to settle within the next twelve months. The items included in the fiscal year end balances were:
(In thousands) | March 28, 2020 |  | March 30, 2019
VAT liabilities | $ | 3,279 |  |  | $ | 3,995 |
Forward contracts and interest rate swaps | 8,870 |  |  | 5,348 |
Deferred revenue | 28,843 |  |  | 27,279 |
Accrued taxes | 13,292 |  |  | 8,451 |
Lease liability | 7,306 |  |  | — |
All other | 36,051 |  |  | 46,459 |
Total | $ | 97,641 |  |  | $ | 91,532 |
Other Long-Term Liabilities Other long-term liabilities represent items that are not payable or expected to settle within the next twelve months. The items included in the fiscal year end balances were:
(In thousands) | March 28, 2020 |  | March 30, 2019
Unfunded pension liability | 13,083 |  |  | 13,766 |
Interest rate swaps | 9,475 |  |  | — |
Unrecognized tax benefit | 3,437 |  |  | 2,895 |
Transition tax liability | 5,374 |  |  | 6,305 |
Lease liability | 52,014 |  |  | — |
All other | 5,721 |  |  | 5,814 |
Total | $ | 89,104 |  |  | $ | 28,780 |

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