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GOODWILL AND INTANGIBLE ASSETS | 9 Months Ended
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Dec. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | 11. GOODWILL AND INTANGIBLE ASSETS The changes in the carrying amount of goodwill by operating segment for fiscal 2024 are as follows:
(In thousands) | Plasma |  | Blood Center |  | Hospital |  | Total
Carrying amount as of April 1, 2023 | $ | 29,043 |  |  | $ | 33,855 |  |  | $ | 403,333 |  |  | $ | 466,231 |
Acquisitions | — |  |  | — |  |  | 87,079 |  |  | 87,079 |
Currency translation | — |  |  | (140) |  |  | 1,829 |  |  | 1,689 |
Carrying amount as of December 30, 2023 | $ | 29,043 |  |  | $ | 33,715 |  |  | $ | 492,241 |  |  | $ | 554,999 |
The gross carrying amount of intangible assets and the related accumulated amortization as of December 30, 2023 and April 1, 2023 is as follows:
(In thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Net
As of December 30, 2023 |  |  |  |  |
Amortizable: |  |  |  |  |
Patents | $ | 18,504 |  |  | $ | 11,562 |  |  | $ | 6,942 |
Capitalized software | 84,443 |  |  | 67,169 |  |  | 17,274 |
Other developed technology | 474,406 |  |  | 169,844 |  |  | 304,562 |
Customer contracts and related relationships | 258,720 |  |  | 188,977 |  |  | 69,743 |
Trade names | 14,662 |  |  | 5,258 |  |  | 9,404 |
Total | $ | 850,735 |  |  | $ | 442,810 |  |  | $ | 407,925 |
Non-amortizable: |  |  |  |  |
In-process software development | $ | 3,877 |  |  |  |  |
In-process research and development | 13,667 |  |  |  |  |
In-process patents | 3,801 |  |  |  |  |
Total | $ | 21,345 |  |  |  |  |
(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 |  |  |  |  |
During the third quarter of fiscal 2024, the Company acquired OpSens and recorded $121.6 million of developed technology, $53.9 million of customer contracts and related relationships and $5.0 million of trade names based on our preliminary purchase accounting valuation. Refer to Note 3, Acquisitions and Strategic Investments, for additional information regarding the acquisition. Intangible assets include the value assigned to license rights and other developed technology, patents, customer contracts and relationship s and trade names. The estimated useful lives for all of these intangible assets are approximately 5 to 15 years. In the second quarter of fiscal 2024, the Company recorded an intangible asset impairment charge of $10.4 million related to the intangibles acquired as part of the enicor GmbH acquisition completed in fiscal 2021 within the Hospital business unit. During the three and nine months ended December 30, 2023, amortization expense was $9.3 million and $28.5 million, respectively. During the three and nine months ended December 31, 2022, amortization expense was $10.4 million and $31.7 million, respectively. Future annual amortization expense on intangible assets for the next five years is estimated to be as follows:
(In thousands) |  |
Remainder of Fiscal 2024 |  | $ | 12,211 |
Fiscal 2025 |  | $ | 42,010 |
Fiscal 2026 |  | $ | 36,583 |
Fiscal 2027 |  | $ | 34,610 |
Fiscal 2028 |  | $ | 32,839 |

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