SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Apr. 02, 2022

Accounting Standards Update and Change in Accounting Principle [Abstract]

Schedule of Property, Plant and Equipment Estimated Useful Lives

Property, plant and equipment is recorded at historical cost. The Company provides for depreciation and amortization by charges to operations using the straight-line method in amounts estimated to recover the cost of the building and improvements, equipment and furniture and fixtures over their estimated useful lives as follows:

Asset Classification	Estimated Useful Lives
Building	30-40 Years
Building improvements	5-20 Years
Plant equipment and machinery	3-15 Years
Office equipment and information technology	3-10 Years
Haemonetics equipment	3-7 Years

Schedule of Other Accrued Liabilities

Other Current Liabilities

Other current liabilities represent items payable or expected to settle within the next twelve months. The items included in the fiscal year end balances were:

(In thousands)	April 2, 2022		April 3, 2021
VAT liabilities	$	3,681	$	4,431
Forward contracts and interest rate swaps	1,894		6,353
Deferred revenue	31,826		26,272
Accrued taxes	10,227		19,226
Lease liability	7,196		7,708
Acquisition related liability(1)	1,435		14,419
Contingent consideration	31,184		20,942
All other	33,764		39,235
Total	$	121,207	$	138,586
(1)Related to equity and employee compensation payments associated with the acquisition of Cardiva Medical Inc. that were funded to a third party agent at the transaction closing date but were not yet paid to certain selling shareholders and/or employees as of April 2, 2022 and April 3, 2021.

Other Long-Term Liabilities

Other long-term liabilities represent items that are not payable or expected to settle within the next twelve months.