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Restructuring & (Gain) Loss on Disposal and Exit Activities (Tables) | 3 Months Ended
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Jun. 30, 2026
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations | The following table summarizes the activities included in Restructuring and realignment expense during the periods presented.
| Three Months Ended June 30, |  |
(Amounts in thousands) | 2026 |  | 2025 |  |  |  |
Loss (gain) on disposal of assets and costs from exit and disposal activities:
Accelerated depreciation | $ | — |  |  | $ | 1,764 |  |  |  |  |
Severance | 2,145 |  |  | 2,004 |  |  |  |  |
Impairment of right-of-use assets | — |  |  | 1,267 |  |  |  |  |
Other exit and disposal costs | 17 |  |  | 791 |  |  |  |  |
Selling, general and administrative expenses: |  |  |  |  |  |  |
Realignment expenses | 3,174 |  |  | 2,969 |  |  |  |  |
Total 2026 Restructuring Plan activities | $ | 5,336 |  |  | 8,795 |  |  |  |  |
The assets and liabilities classified as held for sale on the Company’s Consolidated Balance Sheet as of June 30, 2026 and March 31, 2026, include the following:
(Amounts in thousands) | June 30, 2026 |  | March 31, 2026
Cash | $ | 8,478 |  |  | $ | 9,184 |
Accounts receivable | 5,150 |  |  | 6,957 |
Inventory | 4,458 |  |  | 6,848 |
Other current assets | 832 |  |  | 1,284 |
Property, plant and equipment | 19,109 |  |  | 18,645 |
Other assets | 507 |  |  | 533 |
Total assets held-for-sale | $ | 38,534 |  |  | $ | 43,451 |
Current maturities of debt obligations | $ | — |  |  | $ | 562 |
Accounts payable | 3,069 |  |  | 2,776 |
Accrued expenses | 7,381 |  |  | 8,669 |
Other liabilities | 1,904 |  |  | 3,132 |
Total liabilities held-for-sale | $ | 12,354 |  |  | $ | 15,139 |
The following table summarizes the major classes of items constituting the results from discontinued operations presented in the Condensed Consolidated Statement of Operations for the three months ended June 30, 2026:
(Amounts in thousands) | Three Months Ended June 30, 2026
Net sales | $ | 7,215 |
Cost of goods sold | 5,981 |
Gross profit | 1,234 |
Selling, general and administrative | 2,517 |
Loss on disposal of assets and costs from exit and disposal activities | 4,370 |
Net loss from discontinued operations | $ | (5,653) |
Restructuring and Related Costs | The following table summarizes the restructuring liability for the periods presented:
(In thousands) | 2026 |  | 2025 |  |
Accrual balance at April 1 | $ | 1,201 |  |  | $ | — |  |  |
Costs incurred | 5,336 |  |  | 8,795 |  |  |
Non-cash charges | — |  |  | (3,031) |  |  |
Expenses paid | (5,053) |  |  | (4,875) |  |  |
Accrual balance at end of period | $ | 1,484 |  |  | $ | 889 |  |  |

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