PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Apr. 02, 2016

Property, Plant and Equipment [Abstract]

Property and equipment consisted of the following:



(In thousands)	April 2, 2016			March 28, 2015
Land	$	7,905		$	9,468
Building and building improvements	117,132			118,384
Plant equipment and machinery	238,549			220,793
Office equipment and information technology	127,019			118,810
Haemonetics equipment	295,853			264,307
Total	786,458			731,762
Less: accumulated depreciation and amortization	(448,824		)	(409,814		)
Property, plant and equipment, net	$	337,634		$	321,948

During fiscal 2016, we impaired $9.1 million of property, plant and equipment as a result of our global strategic review, of which $6.9 million was included within impairment of assets on the consolidated statements of (loss) income and the remaining $2.2 million was included within cost of goods sold. Approximately $3.0 million of the property, plant and equipment impairment was the result of the write down to fair value of certain land, buildings and related equipment in connection with its reclassification to assets held for sale, as discussed below. We determined the fair value of these assets using a probability weighted average cash flow method. This impairment impacted our EMEA segment, while the remaining $6.1 million related to our All Other segment.

Depreciation expense of $56.8 million in fiscal 2016, includes $0.8 million of additional depreciation expense due to asset impairments during the period related to assets that were previously place in service. Depreciation expense was $52.6 million for both fiscal 2015 and 2014.

Assets Held for Sale

We periodically review long-lived assets against our plan to retain or ultimately dispose of properties and equipment. If we decide to dispose of a property or equipment, it will be moved to assets held for sale and actively marketed. We analyze market conditions each reporting period and record additional impairments due to declines in market values of like assets. The fair value of the property is determined by observable inputs such as appraisals and prices of comparable properties in active markets for assets like ours. Gains are not recognized until the properties are sold.

Assets held for sale includes land, buildings and related equipment for properties we plan to dispose of. The assets are valued at the lower of net depreciable value or net realizable value. At April 2, 2016, we have one property and related equipment totaling $1.7 million that we have reclassified to assets held for sale. This amount is included within other current assets on our consolidated balance sheet.