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RESTRUCTURING (Tables) | 12 Months Ended
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Mar. 29, 2025
Restructuring and Related Activities [Abstract] |
Schedule of Restructuring and Transformation Costs by Type of Cost | The following table summarizes the activity for restructuring reserves related to the portfolio rationalization initiatives, 2020 Program and market and regional alignment initiative for the fiscal years ended March 29, 2025, March 30, 2024 and April 1, 2023, substantially all of which relates to employee severance, other employee costs, inventory reserves and lease termination fees:
(In thousands) | Portfolio Rationalization |  | 2020 Program |  | Market and Regional Alignment |  | Prior Programs |  | Total
Balance at April 2, 2022 | $ | — |  |  | $ | 2,460 |  |  | $ | — |  |  | $ | 345 |  |  | $ | 2,805 |
Costs incurred, net of reversals | — |  |  | 576 |  |  | — |  |  | 81 |  |  | 657 |
Payments | — |  |  | (1,226) |  |  | — |  |  | (86) |  |  | (1,312) |
Balance at April 1, 2023 | $ | — |  |  | $ | 1,810 |  |  | $ | — |  |  | $ | 340 |  |  | $ | 2,150 |
Costs incurred, net of reversals | 13,915 |  |  | 450 |  |  | — |  |  | (276) |  |  | 14,089 |
Payments | (2,606) |  |  | (1,775) |  |  | — |  |  | (64) |  |  | (4,445) |
Balance at March 30, 2024 | $ | 11,309 |  |  | $ | 485 |  |  | $ | — |  |  | $ | — |  |  | $ | 11,794 |
Costs incurred, net of reversals | 12,797 |  |  | 566 |  |  | 550 |  |  | — |  |  | 13,913 |
Payments | (12,755) |  |  | (761) |  |  | (550) |  |  | — |  |  | (14,066) |
Non-cash adjustments | (8,616) |  |  | — |  |  | — |  |  | — |  |  | (8,616) |
Balance at March 29, 2025 | $ | 2,735 |  |  | $ | 290 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,025 |
The following presents the restructuring costs by line item during fiscal 2025, 2024 and 2023 within our accompanying consolidated statements of income and comprehensive income:
(In thousands) | 2025 |  | 2024 |  | 2023
Cost of goods sold | $ | 11,328 |  |  | $ | 11,286 |  |  | $ | (215) |
Research and development | (61) |  |  | 456 |  |  | — |
Selling, general and administrative expenses | 2,646 |  |  | 2,347 |  |  | 872 |
Total | $ | 13,913 |  |  | $ | 14,089 |  |  | $ | 657 |
Restructuring and Related Costs by Segment | The following presents the restructuring related costs by line item during fiscal 2025, 2024 and 2023 within our accompanying consolidated statements of income and comprehensive income:
(In thousands) | 2025 |  | 2024 |  | 2023
Cost of goods sold | $ | 3,304 |  |  | $ | 5,734 |  |  | $ | 7,991 |
Research and development | 1,649 |  |  | 1,750 |  |  | 1,050 |
Selling, general and administrative expenses | 2,292 |  |  | 2,015 |  |  | 1,851 |
Total | $ | 7,245 |  |  | $ | 9,499 |  |  | $ | 10,892 |
The tables below present restructuring and restructuring related costs by reportable segment:
Restructuring costs |  |  |  |  |
(In thousands) | 2025 |  | 2024 |  | 2023
Plasma | $ | 258 |  |  | $ | 1,015 |  |  | $ | (48) |
Blood Center | 4,742 |  |  | 5,606 |  |  | — |
Hospital | 1,664 |  |  | 3,863 |  |  | 165 |
Corporate | 7,249 |  |  | 3,605 |  |  | 540 |
Total | $ | 13,913 |  |  | $ | 14,089 |  |  | $ | 657 |
Restructuring related costs |  |  |  |  |
(In thousands) | 2025 |  | 2024 |  | 2023
Plasma | $ | 281 |  |  | $ | 1,050 |  |  | $ | 1,385 |
Blood Center | 154 |  |  | 286 |  |  | 75 |
Hospital | 143 |  |  | 408 |  |  | 546 |
Corporate | 6,667 |  |  | 7,755 |  |  | 8,886 |
Total | $ | 7,245 |  |  | $ | 9,499 |  |  | $ | 10,892 |
Total restructuring and restructuring related costs | $ | 21,158 |  |  | $ | 23,588 |  |  | $ | 11,549 |

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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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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- Definition 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.b.2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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