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SEGMENT AND ENTERPRISE-WIDE INFORMATION (Tables) | 3 Months Ended
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Jul. 01, 2023
Segment Reporting [Abstract] |
Selected Information by Business Segment | Selected information by reportable segment is presented below:
| Three Months Ended |  |
(In thousands) | July 1, 2023 |  | July 2, 2022 |  |  |  |
Net revenues |  |  |  |  |  |  |
Plasma | $ | 138,482 |  |  | $ | 103,042 |  |  |  |  |
Blood Center | 67,306 |  |  | 66,573 |  |  |  |  |
Hospital | 99,536 |  |  | 89,184 |  |  |  |  |
Net revenues by business unit | 305,324 |  |  | 258,799 |  |  |  |  |
Service (1) | 5,764 |  |  | 5,137 |  |  |  |  |
Effect of exchange rates | 244 |  |  | (2,478) |  |  |  |  |
Net revenues | $ | 311,332 |  |  | $ | 261,458 |  |  |  |  |
(1) Reflects revenue for service, maintenance and parts |  |  |  |
| Three Months Ended |  |
(In thousands) | July 1, 2023 |  | July 2, 2022 |  |  |  |
Segment operating income |  |  |  |  |  |  |
Plasma | $ | 75,698 |  |  | $ | 55,126 |  |  |  |  |
Blood Center | 26,283 |  |  | 30,377 |  |  |  |  |
Hospital | 40,943 |  |  | 34,722 |  |  |  |  |
Segment operating income | 142,924 |  |  | 120,225 |  |  |  |  |
Corporate expenses (1) | (75,309) |  |  | (81,584) |  |  |  |  |
Effect of exchange rates | 2,613 |  |  | 6,245 |  |  |  |  |
Integration and transaction costs | (1,115) |  |  | 758 |  |  |  |  |
Amortization of acquired intangible assets | (7,473) |  |  | (8,367) |  |  |  |  |
Restructuring costs | 11 |  |  | 44 |  |  |  |  |
Restructuring related costs | (2,204) |  |  | (3,522) |  |  |  |  |
Digital transformation costs | (3,705) |  |  | — |  |  |  |  |
Impairment of assets and PCS2 related charges | 141 |  |  | 350 |  |  |  |  |
MDR and IVDR costs | (1,166) |  |  | (3,186) |  |  |  |  |
Litigation-related charges | (1,058) |  |  | (196) |  |  |  |  |
Operating income | $ | 53,659 |  |  | $ | 30,767 |  |  |  |  |
(1) Reflects shared service expenses including quality and regulatory, customer and field service, research and development, manufacturing and supply chain, as well as other corporate support functions.
Schedule of Revenues by Business Unit and Geographic Regions | Management reviews revenue based on the reportable segments noted above. Although these reportable segments are primarily product-based, they differ from the Company’s product line revenues for Plasma products and services and Blood Center products and services. Specifically, the Blood Center reportable segment includes plasma products utilized for collection in blood centers primarily for transfusion purposes. Additionally, product line revenues also include service revenues which are excluded from the reportable segments. Net revenues by business unit are as follows:
|  | Three Months Ended
(In thousands) | July 1, 2023 |  | July 2, 2022
| Plasma | $ | 138,610 |  |  | $ | 102,381 |
| Whole Blood | 20,040 |  |  | 19,595 |
| Apheresis | 47,300 |  |  | 46,099 |
| Blood Center | 67,340 |  |  | 65,694 |
| Hemostasis Management | 37,820 |  |  | 33,497 |
| Vascular Closure | 37,620 |  |  | 29,568 |
| Other(1) | 24,168 |  |  | 25,429 |
| Hospital | 99,608 |  |  | 88,494 |
Net business unit revenues | 305,558 |  |  | 256,569 |
| Service | 5,774 |  |  | 4,889 |
Net revenues | $ | 311,332 |  |  | $ | 261,458 |
(1) Other includes the Cell Salvage and Transfusion Management product lines of the Hospital business unit.
Net revenues generated in the Company’s principle operating regions on a reported basis are as follows:
| Three Months Ended |  |
(In thousands) | July 1, 2023 |  | July 2, 2022 |  |  |  |
United States | $ | 237,073 |  |  | $ | 181,996 |  |  |  |  |
Japan | 11,773 |  |  | 13,878 |  |  |  |  |
Europe | 39,387 |  |  | 40,457 |  |  |  |  |
Rest of Asia | 22,040 |  |  | 24,424 |  |  |  |  |
Other | 1,059 |  |  | 703 |  |  |  |  |
Net revenues | $ | 311,332 |  |  | $ | 261,458 |  |  |  |  |

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