XML 48 R43.htm IDEA: XBRL DOCUMENT v2.4.1.9
RESTRUCTURING (Tables)
12 Months Ended
Mar. 28, 2015
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Transformation Costs by Type of Cost
The following summarizes the restructuring activity for the fiscal year ended March 28, 2015, March 29, 2014, and March 30, 2013, respectively:
(In thousands)
Balance at March 29, 2014
 
Cost
Incurred
 
Payments
 
Less Non-Cash Adjustments
 
Restructuring Accrual Balance at March 28, 2015
Severance and other employee costs
$
22,908

 
$
19,879

 
$
(26,394
)
 
$

 
$
16,393

Other costs
728

 
15,362

 
(15,871
)
 

 
219

Accelerated depreciation

 
1,326

 

 
(1,326
)
 

Asset write-down

 
296

 

 
(296
)
 

 
$
23,636

 
$
36,863

 
$
(42,265
)
 
$
(1,622
)
 
$
16,612


(In thousands)
Balance at March 30, 2013
 
Cost
Incurred
 
Payments
 
Less Non-Cash Adjustments
 
Restructuring Accrual Balance at March 29, 2014
Severance and other employee costs
$
3,089

 
$
31,492

 
$
(11,673
)
 
$

 
$
22,908

Other costs
173

 
14,254

 
(13,699
)
 

 
728

Accelerated depreciation

 
2,390

 

 
(2,390
)
 

Asset write down

 
915

 

 
(915
)
 

 
$
3,262

 
$
49,051

 
$
(25,372
)
 
$
(3,305
)
 
$
23,636


(In thousands)
Balance at March 31, 2012
 
Cost
Incurred
 
Payments
 
Less Non-Cash Adjustments
 
Restructuring Accrual Balance at March 30, 2013
Severance and other employee costs
$
1,461

 
$
6,214

 
$
(4,586
)
 
$

 
$
3,089

Facility related costs
533

 
431

 
(791
)
 

 
173

Asset write down

 
4,247

 

 
(4,247
)
 

 
$
1,994

 
$
10,892

 
$
(5,377
)
 
$
(4,247
)
 
$
3,262

The table below presents restructuring and transformation costs recorded in cost of goods sold, research and development, selling, general and administrative expenses and other (expense) income, net in our statements of income and comprehensive income for the periods presented. In fiscal 2015 and 2014, Transformation Costs were primarily related to our VCC initiatives. In fiscal 2013, the majority of our Transformation Costs were related to the integration of the whole blood acquisition.
Transformation costs
 
 
 
 
 
(in thousands)
March 28, 2015
 
March 29, 2014
 
March 30, 2013
Integration and other costs
$
24,061

 
$
30,701

 
$
60,878

Accelerated depreciation
930

 
4,203

 
687

Asset disposal
4,925

 
796

 

Total
$
29,916

 
$
35,700

 
$
61,565

 
 
 
 
 
 
Restructuring costs
 
 
 
 
 
(in thousands)
March 28, 2015
 
March 29, 2014
 
March 30, 2013
Severance and other employee costs
$
19,879

 
$
31,492

 
$
6,214

Other costs
15,362

 
14,254

 
431

Accelerated depreciation
1,326

 
2,390

 

Asset disposal
296

 
915

 
4,247

Total
$
36,863

 
$
49,051

 
$
10,892

 
 
 
 
 
 
Total restructuring and transformation
$
66,779

 
$
84,751

 
$
72,457