SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

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