XML 31 R19.htm IDEA: XBRL DOCUMENT
v3.23.1

GOODWILL AND INTANGIBLE ASSETS | 12 Months Ended
--- | ---
Apr. 01, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS The changes in the carrying amount of goodwill by operating segment for fiscal 2023 and 2022 are as follows:
(In thousands) | Plasma |  | Blood Center |  | Hospital |  | Total
Carrying amount as of April 3, 2021 | $ | 29,043 |  |  | $ | 34,528 |  |  | $ | 402,873 |  |  | $ | 466,444 |
Purchase accounting adjustments | — |  |  | — |  |  | 2,070 |  |  | 2,070 |
Currency translation | — |  |  | (362) |  |  | (865) |  |  | (1,227) |
Carrying amount as of April 2, 2022 | 29,043 |  |  | 34,166 |  |  | 404,078 |  |  | 467,287 |
Currency translation | — |  |  | (311) |  |  | (745) |  |  | (1,056) |
Carrying amount as of April 1, 2023 | $ | 29,043 |  |  | $ | 33,855 |  |  | $ | 403,333 |  |  | $ | 466,231 |
The results of the Company’s goodwill impairment test performed in the fourth quarter of fiscal 2023, 2022 and 2021 indicated that the estimated fair value of all reporting units exceeded their respective carrying values. There were no reporting units at risk of impairment as of the fiscal 2023, 2022 and 2021 annual test dates. The gross carrying amount of intangible assets and the related accumulated amortization as of April 1, 2023 and April 2, 2022 is as follows:
(In thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Net
As of April 1, 2023 |  |  |  |  |
Amortizable: |  |  |  |  |
Patents | $ | 18,504 |  |  | $ | 10,831 |  |  | $ | 7,673 |
Capitalized software | 78,962 |  |  | 60,776 |  |  | 18,186 |
Other developed technology | 362,506 |  |  | 153,099 |  |  | 209,407 |
Customer contracts and related relationships | 203,240 |  |  | 187,774 |  |  | 15,466 |
Trade names | 9,508 |  |  | 4,942 |  |  | 4,566 |
Total | $ | 672,720 |  |  | $ | 417,422 |  |  | $ | 255,298 |
Non-amortizable: |  |  |  |  |
In-process software development | $ | 3,841 |  |  |  |  |
In-process research and development | 13,667 |  |  |  |  |
In-process patents | 2,965 |  |  |  |  |
Total | $ | 20,473 |  |  |  |  |
(In thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Net
As of April 2, 2022 |  |  |  |  |
Amortizable: |  |  |  |  |
Patents | $ | 14,777 |  |  | $ | 9,821 |  |  | $ | 4,956 |
Capitalized software | 76,360 |  |  | 52,249 |  |  | 24,111 |
Other developed technology | 362,783 |  |  | 124,799 |  |  | 237,984 |
Customer contracts and related relationships | 204,166 |  |  | 185,150 |  |  | 19,016 |
Trade names | 9,517 |  |  | 4,533 |  |  | 4,984 |
Total | $ | 667,603 |  |  | $ | 376,552 |  |  | $ | 291,051 |
Non-amortizable: |  |  |  |  |
In-process software development | $ | 2,648 |  |  |  |  |
In-process research and development | 13,667 |  |  |  |  |
In-process patents | 2,895 |  |  |  |  |
Total | $ | 19,210 |  |  |  |  |
Refer to Note 4, Acquisitions and Strategic Investments, for additional information regarding acquisitions. Intangible assets include the value assigned to license rights and other developed technology, patents, customer contracts and relationships and trade names. The estimated useful lives for all of these intangible assets are approximately 5 to 15 years. Aggregate amortization expense for amortized intangible assets for fiscal 2023, 2022 and 2021 was $42.1 million, $56.6 million and $41.2 million, respectively. Future annual amortization expense on intangible assets is estimated to be as follows:
(In thousands) |  |
Fiscal 2024 |  | $ | 35,590 |
Fiscal 2025 |  | $ | 28,170 |
Fiscal 2026 |  | $ | 22,710 |
Fiscal 2027 |  | $ | 20,795 |
Fiscal 2028 |  | $ | 19,089 |
For costs incurred related to the development of software to be sold, leased, or otherwise marketed, the Company applies the provisions of ASC Topic 985-20, Software - Costs of Software to be Sold, Leased or Marketed, which specifies that costs incurred internally in researching and developing a computer software product should be charged to expense until technological feasibility has been established for the product. Once technological feasibility is established, all software costs should be capitalized until the product is available for general release to customers. The costs capitalized for each project are included in intangible assets in the consolidated financial statements. The Company capitalized $3.8 million and $3.4 million in software development costs for ongoing initiatives during fiscal 2023 and 2022, respectively. At April 1, 2023 and April 2, 2022, the Company had a total of $82.8 million and $79.0 million of software costs capitalized, of which $3.8 million and $5.0 million are related to in process software development initiatives, respectively, and the remaining balance represents in-service assets that are being amortized over their useful lives. Amortization expense for capitalized software was $8.5 million, $8.4 million and $7.8 million for fiscal 2023, 2022 and 2021, respectively.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration