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Restructuring

12 Months Ended

Mar. 31, 2021

Restructuring and Related Activities [Abstract]

Restructuring

RestructuringOur restructuring plan, initiated in the first quarter of fiscal 2019, is aimed to increase efficiency in our sales, marketing and distribution functions as well as reduce costs across all functional areas. These restructuring charges relate primarily to severance and related costs associated with headcount reductions, stock-based compensation related to modifications of existing unvested awards granted to certain employees impacted by the restructuring plan and lease abandonment charges.

For the years ended March 31, 2021, 2020 and 2019, restructuring charges were comprised of the following:

						Year Ended March 31,
						2021						2020						2019
Employee severance and related costs						$	19,040					$	16,834					$	12,133
Lease impairments related costs (1)						1,684						2,761						—
Stock-based compensation						2,747						1,753						2,632
Total restructuring charges						$	23,471					$	21,348					$	14,765

(1) Lease impairment charges relate to seven and six offices for the years ended March 31, 2021 and 2020, respectively. There were no lease impairment charges for the year ended March 31, 2019.

Restructuring accrual

The activity in our restructuring accrual for the years ended March 31, 2021 and 2020 is as follows:

						Year Ended March 31,
						2021						2020
Beginning balance						$	2,531					$	1,089
Employee severance and related costs						19,040						16,834
Payments						(18,476)						(15,392)
Ending balance						$	3,095					$	2,531

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- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-URI http://asc.fasb.org/topic&trid=2175745

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