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INVENTORIES | 3 Months Ended
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Jul. 01, 2023
Inventory Disclosure [Abstract] |
INVENTORIES | 8. INVENTORIES Inventories are stated at the lower of cost or net realizable value and include the cost of material, labor and manufacturing overhead. Cost is determined with the first-in, first-out method.
(In thousands) |  | July 1, 2023 |  | April 1, 2023
Raw materials |  | $ | 129,419 |  |  | $ | 115,016 |
Work-in-process |  | 16,314 |  |  | 12,572 |
Finished goods |  | 143,474 |  |  | 131,791 |
Total inventories |  | $ | 289,207 |  |  | $ | 259,379 |
In August 2023, the Company issued a voluntary recall of certain products within its Whole Blood business sold to customers in the U.S. and certain foreign jurisdictions. The Company recorded a charge of $3.4 million related to inventory with respect to this recall in the first quarter of fiscal 2024. The Company continues to evaluate the impact of this recall and may record additional incremental charges in future periods.

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//330/tableOfContent + Details
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