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ACQUISITIONS (Tables)
3 Months Ended
Jun. 29, 2024
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition
The preliminary purchase price of $174.7 million, net of $11.5 million of cash acquired consists of the amounts presented below, which represent the preliminary determination of the fair value of the identifiable assets acquired and liabilities assumed:

(In thousands) April 1, 2024
Accounts receivable$3,784 
Inventories26,300 
Prepaid expenses and other current assets906 
Property, plant and equipment200 
Intangible assets103,400 
Goodwill69,542 
Total assets acquired$204,132 
Accounts payable2,260 
Accrued payroll and related costs2,129 
Other liabilities489 
Deferred tax liability24,593 
Total liabilities assumed$29,471 
Net assets acquired$174,661 
The purchase price of $243.9 million, net of $10.6 million of cash acquired consists of the amounts presented below, which represent the final determination of the fair value of the identifiable assets acquired and liabilities assumed:

(In thousands) December 12, 2023
Accounts receivable$5,960 
Inventories12,075 
Prepaid expenses and other current assets2,062 
Property, plant and equipment3,028 
Intangible assets172,000 
Goodwill79,400 
Other long-term assets4,705 
Total assets acquired$279,230 
Accounts payable3,251 
Accrued payroll and related costs1,723 
Other liabilities9,746 
Deferred tax liability14,805 
Other long-term liabilities5,853 
Total liabilities assumed$35,378 
Net assets acquired$243,852 
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination
Intangible assets acquired consist of the following:
(In thousands)AmountWeighted-Average Amortization PeriodRisk-Adjusted Discount
Rates used in Purchase Price Allocation
Developed technology$94,000 10 years22.5 %
Customer contracts and related relationships7,600 10 years22.0 %
Trade names1,800 10 years22.0 %
Total$103,400 
Intangible assets acquired consist of the following:
(In thousands)AmountWeighted-Average Amortization PeriodRisk-Adjusted Discount
Rates used in Purchase Price Allocation
Developed technology$114,900 15 years20.5 %
Customer contracts and related relationships52,300 15 years18.9 %
Trade names4,800 15 years20.5 %
Total$172,000