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RESTRUCTURING (Tables)

3 Months Ended

Jun. 29, 2024

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Reserve by Type of Cost

The following table summarizes the activity for restructuring reserves related to portfolio rationalization initiatives and the 2020 Program for the three months ended June 29, 2024, which relates to employee severance, other employee costs and inventory reserves:

(In thousands)						Portfolio Rationalization						2020 Program												Total
Balance at March 30, 2024						$	11,309					$	485											$	11,794
Costs incurred, net of reversals						4,531						91												4,622
Payments						(2,769)						(389)												(3,158)
Balance at June 29, 2024						$	13,071					$	187											$	13,258

Schedule of Restructuring and Related Costs

The following presents the restructuring costs by line item within our accompanying unaudited Condensed Consolidated Statements of Income and Comprehensive Income:

			Three Months Ended
(In thousands)			June 29, 2024						July 1, 2023
Cost of goods sold			$	4,366					$	206
Research and development			(12)						—
Selling, general and administrative expenses			268						(217)
Total			$	4,622					$	(11)

Restructuring costs			Three Months Ended
(In thousands)			June 29, 2024						July 1, 2023
Plasma			$	63					$	(256)
Blood Center			1,163						—
Hospital			297						242
Corporate			3,099						3
Total			$	4,622					$	(11)
Restructuring related costs			Three Months Ended
(In thousands)			June 29, 2024						July 1, 2023
Plasma			$	175					$	169
Blood Center			43						45
Hospital			108						49
Corporate			2,192						1,941
Total			$	2,518					$	2,204
Total restructuring and restructuring related costs			$	7,140					$	2,193

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- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

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-Topic 420
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-Name Accounting Standards Codification
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Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

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-Topic 420
-SubTopic 10
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-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4.b.2)
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