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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Apr. 03, 2021
Accounting Standards Update and Change in Accounting Principle [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) | April 3, 2021 |  | March 28, 2020
VAT liabilities | $ | 4,431 |  |  | $ | 3,279 |
Forward contracts and interest rate swaps | 6,353 |  |  | 8,870 |
Deferred revenue | 26,272 |  |  | 28,843 |
Accrued taxes | 19,226 |  |  | 13,292 |
Lease liability | 7,708 |  |  | 7,306 |
Acquisition related liability(1) | 14,419 |  |  | — |
Contingent consideration | 20,942 |  |  | — |
All other | 39,235 |  |  | 36,051 |
Total | $ | 138,586 |  |  | $ | 97,641 |
(1)Related to equity and employee compensation payments associated with the acquisition of Cardiva Medical Inc. that were funded to a third party agent at the transaction closing date but were not yet paid to certain selling shareholders and/or employees as of April 3, 2021.
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) | April 3, 2021 |  | March 28, 2020
Unfunded pension liability | 15,749 |  |  | 13,083 |
Interest rate swaps | 4,301 |  |  | 9,475 |
Unrecognized tax benefit | 3,625 |  |  | 3,437 |
Transition tax liability | 3,701 |  |  | 5,374 |
Lease liability | 62,960 |  |  | 52,014 |
Contingent consideration | 7,791 |  |  | — |
All other | 2,214 |  |  | 5,721 |
Total | $ | 100,341 |  |  | $ | 89,104 |

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