PROPERTY, PLANT AND EQUIPMENT

6 Months Ended

Sep. 28, 2024

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

9. PROPERTY, PLANT AND EQUIPMENT

(In thousands)	September 28, 2024		March 30, 2024
Land	$	3,764	$	4,130
Building and building improvements	124,264		124,338
Plant equipment and machinery	227,930		204,622
Office equipment and information technology	132,845		129,979
Haemonetics equipment	425,402		456,414
Construction in progress	24,889		39,694
Total	939,094		959,177
Less: accumulated depreciation	(638,616)		(647,815)
Property, plant and equipment, net	$	300,478	$	311,362

During the three and six months ended September 28, 2024, depreciation expense was $15.0 million and $29.6 million, respectively. During the three and six months ended September 30, 2023, depreciation expense was $13.6 million and $26.9 million, respectively.

In the first quarter of fiscal 2025, the Company received $19.9 million of cash upon the sale of a manufacturing facility and related assets that previously met held for sale criteria, which resulted in a gain of $14.1 million that was recorded in selling, general and administrative expenses on the Condensed Consolidated Statements of Income.