PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Mar. 30, 2013

Property, Plant and Equipment [Abstract]

Property and equipment consisted of the following:



(In thousands)	March 30, 2013			March 31, 2012
Land	$	4,216		$	1,136
Building and building improvements	78,682			58,680
Plant equipment and machinery	205,698			136,057
Office equipment and information technology	103,235			88,185
Haemonetics equipment	240,889			226,476
Total	632,720			510,534
Less: accumulated depreciation and amortization	(375,767		)	(348,877		)
Property, plant and equipment, net	$	256,953		$	161,657

Depreciation expense was $43.4 million, $38.6 million, and $36.8 million for fiscal 2013, 2012, and 2011, respectively.

During fiscal 2013, there was a change in the estimated useful lives of Haemonetics equipment which resulted in a decrease in depreciation expense of $4.5 million, an increase of $3.3 million in net income, and an increase in basic and diluted earnings per share of $0.09.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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