XML 47 R34.htm IDEA: XBRL DOCUMENT v3.25.1
RESTRUCTURING (Tables)
12 Months Ended
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 Rationalization2020 ProgramMarket and Regional AlignmentPrior ProgramsTotal
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 reversals13,915 450 — (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 reversals12,797 566 550 — 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) 202520242023
Cost of goods sold$11,328 $11,286 $(215)
Research and development(61)456 — 
Selling, general and administrative expenses2,646 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) 202520242023
Cost of goods sold$3,304 $5,734 $7,991 
Research and development1,649 1,750 1,050 
Selling, general and administrative expenses2,292 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) 202520242023
Plasma$258 $1,015 $(48)
Blood Center4,742 5,606 — 
Hospital1,664 3,863 165 
Corporate7,249 3,605 540 
Total$13,913 $14,089 $657 
Restructuring related costs
(In thousands) 202520242023
Plasma$281 $1,050 $1,385 
Blood Center154 286 75 
Hospital143 408 546 
Corporate6,667 7,755 8,886 
Total$7,245 $9,499 $10,892 
Total restructuring and restructuring related costs$21,158 $23,588 $11,549