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BUSINESS AND ASSET DIVESTITURES
6 Months Ended
Sep. 28, 2018
Business Combinations [Abstract]  
BUSINESS AND ASSET DIVESTITURES
BUSINESS AND ASSET DIVESTITURES
During the three-month period ended September 28, 2018, the Company divested its China-based Multek operations, for proceeds of approximately $264.4 million, net of cash. The Company transferred approximately $231.4 million of net assets, primarily property and equipment, accounts receivable, and accounts payable. Further, the Company incurred various selling transaction costs as part of this divestiture and allocated approximately $19.0 million of goodwill to the divested business. This transaction resulted in the recognition of an immaterial loss which is included in other charges (income), net in the condensed consolidated statements of operations as of September 28, 2018.
Pro-forma results of operations for this divestiture have not been presented because the effect was not material to the Company's consolidated financial results for all periods presented.