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SEGMENT AND ENTERPRISE-WIDE INFORMATION (Tables) | 6 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
Selected Information by Business Segment | Selected information by reportable segment is presented below:
| Three Months Ended |  | Six Months Ended
(In thousands) | September 30, 2023 |  | October 1, 2022 |  | September 30, 2023 |  | October 1, 2022
Net revenues |  |  |  |  |  |  |
Plasma | $ | 141,748 |  |  | $ | 128,888 |  |  | $ | 280,230 |  |  | $ | 231,930 |
Blood Center | 68,912 |  |  | 75,652 |  |  | 136,218 |  |  | 142,225 |
Hospital | 103,358 |  |  | 92,562 |  |  | 202,894 |  |  | 181,746 |
Net revenues by business unit | 314,018 |  |  | 297,102 |  |  | 619,342 |  |  | 555,901 |
Service (1) | 5,045 |  |  | 5,409 |  |  | 10,809 |  |  | 10,546 |
Effect of exchange rates | (880) |  |  | (5,026) |  |  | (636) |  |  | (7,504) |
Net revenues | $ | 318,183 |  |  | $ | 297,485 |  |  | $ | 629,515 |  |  | $ | 558,943 |
(1) Reflects revenue for service, maintenance and parts |  |  |  |
| Three Months Ended |  | Six Months Ended
(In thousands) | September 30, 2023 |  | October 1, 2022 |  | September 30, 2023 |  | October 1, 2022
Segment operating income |  |  |  |  |  |  |
Plasma | $ | 78,042 |  |  | $ | 71,607 |  |  | $ | 153,740 |  |  | $ | 126,733 |
Blood Center | 27,307 |  |  | 37,328 |  |  | 53,590 |  |  | 67,705 |
Hospital | 41,834 |  |  | 38,483 |  |  | 82,777 |  |  | 73,205 |
Segment operating income | 147,183 |  |  | 147,418 |  |  | 290,107 |  |  | 267,643 |
Corporate expenses (1) | (75,750) |  |  | (86,769) |  |  | (151,059) |  |  | (168,353) |
Effect of exchange rates | (3,091) |  |  | (51) |  |  | (478) |  |  | 6,194 |
Amortization of acquired intangible assets | (7,222) |  |  | (8,221) |  |  | (14,695) |  |  | (16,588) |
Integration and transaction costs | (1,784) |  |  | (46) |  |  | (2,899) |  |  | 712 |
Restructuring costs | (86) |  |  | (165) |  |  | (75) |  |  | (121) |
Restructuring related costs | (1,947) |  |  | (3,029) |  |  | (4,151) |  |  | (6,551) |
Digital transformation costs | (3,592) |  |  | — |  |  | (7,297) |  |  | — |
Impairment of assets and PCS2 related charges | (552) |  |  | (83) |  |  | (411) |  |  | 267 |
MDR and IVDR costs | (1,988) |  |  | (2,506) |  |  | (3,154) |  |  | (5,692) |
Litigation-related charges | (5,449) |  |  | (198) |  |  | (6,507) |  |  | (394) |
Impairment of intangible assets | (10,419) |  |  | — |  |  | (10,419) |  |  | — |
Gains on divestiture | — |  |  | 382 |  |  | — |  |  | 382 |
Operating income | $ | 35,303 |  |  | $ | 46,732 |  |  | $ | 88,962 |  |  | $ | 77,499 |
(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 | Net revenues by business unit are as follows:
|  | Three Months Ended |  | Six Months Ended
(In thousands) | September 30, 2023 |  | October 1, 2022 |  | September 30, 2023 |  | October 1, 2022
| Plasma | $ | 141,900 |  |  | $ | 127,893 |  |  | $ | 280,510 |  |  | $ | 230,274 |
| Whole Blood | 14,683 |  |  | 19,893 |  |  | 34,724 |  |  | 39,488 |
| Apheresis | 53,415 |  |  | 53,790 |  |  | 100,714 |  |  | 99,889 |
| Blood Center | 68,098 |  |  | 73,683 |  |  | 135,438 |  |  | 139,377 |
| Hemostasis Management | 36,998 |  |  | 34,320 |  |  | 74,818 |  |  | 67,816 |
| Vascular Closure | 38,541 |  |  | 29,575 |  |  | 76,162 |  |  | 59,143 |
| Other(1) | 27,604 |  |  | 26,961 |  |  | 51,771 |  |  | 52,390 |
| Hospital | 103,143 |  |  | 90,856 |  |  | 202,751 |  |  | 179,349 |
Net business unit revenues | 313,141 |  |  | 292,432 |  |  | 618,699 |  |  | 549,000 |
| Service | 5,042 |  |  | 5,053 |  |  | 10,816 |  |  | 9,943 |
Net revenues | $ | 318,183 |  |  | $ | 297,485 |  |  | $ | 629,515 |  |  | $ | 558,943 |
(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 |  | Six Months Ended
(In thousands) | September 30, 2023 |  | October 1, 2022 |  | September 30, 2023 |  | October 1, 2022
United States | $ | 236,345 |  |  | $ | 211,724 |  |  | $ | 473,418 |  |  | $ | 393,720 |
Japan | 15,011 |  |  | 15,129 |  |  | 26,784 |  |  | 29,007 |
Europe | 38,666 |  |  | 41,850 |  |  | 78,053 |  |  | 82,307 |
Rest of Asia | 27,735 |  |  | 27,861 |  |  | 49,775 |  |  | 52,285 |
Other | 426 |  |  | 921 |  |  | 1,485 |  |  | 1,624 |
Net revenues | $ | 318,183 |  |  | $ | 297,485 |  |  | $ | 629,515 |  |  | $ | 558,943 |

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