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PROPERTY, PLANT AND EQUIPMENT

3 Months Ended

Jun. 29, 2024

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

9. PROPERTY, PLANT AND EQUIPMENT

(In thousands)						June 29, 2024						March 30, 2024
Land						$	3,911					$	4,130
Building and building improvements						123,140						124,338
Plant equipment and machinery						206,941						204,622
Office equipment and information technology						130,741						129,979
Haemonetics equipment						444,275						456,414
Construction in progress						40,036						39,694
Total						949,044						959,177
Less: accumulated depreciation						(646,564)						(647,815)
Property, plant and equipment, net						$	302,480					$	311,362

Depreciation expense was $14.6 million and $13.3 million for the three months ended June 29, 2024 and July 1, 2023, respectively.

In the first quarter of fiscal 2025, the Company received $19.9 million of cash upon the sale of a manufacturing facility and related assets that previously met held for sale criteria, which resulted in a gain of $14.1 million that was recorded in Selling, general and administrative expenses on the Condensed Consolidated Statements of Income.

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- Definition

The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 360
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/360/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-6

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-Name Accounting Standards Codification
-Section 50
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-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
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-Topic 958
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