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RESTRUCTURING (Tables)

9 Months Ended

Dec. 28, 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 the portfolio rationalization initiatives and the 2020 Program for the nine months ended December 28, 2024, which relates to employee severance, other employee costs, inventory reserves and lease termination fees:

(In thousands)						Portfolio Rationalization						2020 Program												Total
Balance at March 30, 2024						$	11,309					$	485											$	11,794
Costs incurred, net of reversals						12,296						633												12,929
Payments						(10,837)						(652)												(11,489)
Non-cash adjustments						(8,616)						—												(8,616)
Balance at December 28, 2024						$	4,152					$	466											$	4,618

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												Nine Months Ended
(In thousands)			December 28, 2024						December 30, 2023						December 28, 2024						December 30, 2023
Cost of goods sold			$	3,027					$	7,065					$	11,158					$	7,329
Research and development			(4)						343						(16)						343
Selling, general and administrative expenses			492						560						1,787						371
Total			$	3,515					$	7,968					$	12,929					$	8,043

The tables below present restructuring and restructuring related costs by reportable segment:

Restructuring costs			Three Months Ended												Nine Months Ended
(In thousands)			December 28, 2024						December 30, 2023						December 28, 2024						December 30, 2023
Plasma			$	77					$	33					$	284					$	(164)
Blood Center			685						4,546						4,241						4,546
Hospital			774						2,503						1,404						2,745
Corporate			1,979						886						7,000						916
Total			$	3,515					$	7,968					$	12,929					$	8,043
Restructuring related costs			Three Months Ended												Nine Months Ended
(In thousands)			December 28, 2024						December 30, 2023						December 28, 2024						December 30, 2023
Plasma			$	37					$	72					$	263					$	315
Blood Center			31						93						120						166
Hospital			(68)						251						40						398
Corporate			1,468						1,987						5,134						5,675
Total			$	1,468					$	2,403					$	5,557					$	6,554
Total restructuring and restructuring related costs			$	4,983					$	10,371					$	18,486					$	14,597

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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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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.

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-Topic 420
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