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ACQUISITIONS (Tables)
9 Months Ended
Dec. 29, 2012
Business Combinations [Abstract]  
Schedule of Purchase Price Allocation
Asset class
 
Amounts Recognized as of December 29, 2012 (Provisional)
(in thousands)
 
 
Inventories
 
$
50,741

Property, plant and equipment
 
93,847

Intangible assets
 
188,500

Other assets/liabilities, net
 
320

Goodwill
 
206,303

Fair value of net assets acquired
 
$
539,711

Business Acquisition, Pro Forma Information
The following represents the pro forma consolidated statements of income and comprehensive income as if the acquisition of the whole blood business had been included in our consolidated results on April 3, 2011. The common stock weighted average number of shares used in calculating the pro-forma earnings per share has been retroactively adjusted for the stock split:
 
Nine Months Ended
(in thousands)
December 29, 2012
 
December 31, 2011
Net sales
$
713,981

 
$
703,023

Net income
42,975

 
47,961

Basic earnings per share
$
0.84

 
$
0.94

Diluted earnings per share
$
0.82

 
$
0.93


The unaudited consolidated pro-forma financial information above includes the following significant adjustments made to account for certain costs which would have been incurred if the acquisition had been completed on April 3, 2011, as adjusted for the applicable tax impact. As our acquisition of the whole blood business was completed on August 1, 2012, the pro-forma adjustments for the nine months ended December 29, 2012 in the table below only include the required adjustments through August 1, 2012.
 
Nine Months Ended
(in thousands)
December 29, 2012
 
December 31, 2011
Transaction costs (1)
$
3,184

 
$

Amortization of inventory fair value adjustment (2)
11,067

 
(11,067
)
Amortization of acquired intangible assets (3)
(5,712
)
 
(12,852
)
Interest expense incurred on acquisition financing (4)
(3,173
)
 
(7,137
)
Selling, general and admin expenses (5)
(3,513
)
 
(7,905
)