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Restructuring & (Gain) Loss on Disposal and Exit Activities (Tables)
3 Months Ended
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)20262025
Loss (gain) on disposal of assets and costs from exit and disposal activities:
Accelerated depreciation$— $1,764 
Severance2,145 2,004 
Impairment of right-of-use assets— 1,267 
Other exit and disposal costs17 791 
Selling, general and administrative expenses:
Realignment expenses3,174 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, 2026March 31, 2026
Cash$8,478 $9,184 
Accounts receivable5,150 6,957 
Inventory4,458 6,848 
Other current assets832 1,284 
Property, plant and equipment19,109 18,645 
Other assets507 533 
Total assets held-for-sale$38,534 $43,451 
Current maturities of debt obligations$— $562 
Accounts payable3,069 2,776 
Accrued expenses7,381 8,669 
Other liabilities1,904 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$7,215 
Cost of goods sold5,981 
Gross profit1,234 
Selling, general and administrative2,517 
Loss on disposal of assets and costs from exit and disposal activities
4,370 
Net loss from discontinued operations$(5,653)
Restructuring and Related Costs
The following table summarizes the restructuring liability for the periods presented:
(In thousands)20262025
Accrual balance at April 1$1,201 $— 
Costs incurred5,336 8,795 
Non-cash charges— (3,031)
Expenses paid(5,053)(4,875)
Accrual balance at end of period$1,484 $889