XML 105 R10.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Restructuring Costs | 12 Months Ended
--- | ---
Mar. 31, 2015
Restructuring Costs [Abstract] |
Restructuring Costs | RESTRUCTURING COSTS During the three fiscal years ended March 31, 2015, Universal recorded restructuring costs related to various initiatives to adjust certain operations and reduce costs. For all three fiscal years, the restructuring costs incurred primarily related to operations that are part of the Other Regions reportable segment of the Company's flue-cured and burley leaf tobacco operations. Fiscal Year Ended March 31, 2015 During fiscal year 2015, the Company recorded restructuring costs totaling $4.9 million, primarily related to downsizing certain functions at its operations in Brazil and a decision to suspend its operations in Argentina effective December 31, 2014. The decision to discontinue the Argentina operations involved costs for employee termination benefits, as well as costs to exit the Company's business arrangements with a supplier. The remaining restructuring costs primarily related to other downsizing efforts at several locations around the Company. Fiscal Year Ended March 31, 2014 In fiscal year 2014, the Company's operating subsidiary in Brazil closed a factory and centralized all tobacco processing activities in its primary facility. In connection with this initiative, the Company incurred restructuring costs of approximately $4.0 million, including employee termination benefits, costs to relocate personnel and equipment to the main facility, and lease exit costs on the building that housed the closed operations. The remaining costs primarily related to voluntary early retirement arrangements at several locations around the Company. Fiscal Year Ended March 31, 2013 During fiscal year 2013, the Company recorded restructuring costs totaling $4.1 million, primarily related to workforce reductions in one of the Company's operations in Africa. A summary of the restructuring costs incurred during the fiscal years ended March 31, 2015, 2014, and 2013, is as follows:
|  | Fiscal Years Ended March 31,
|  | 2015 |  | 2014 |  | 2013
Employee termination benefits |  | $ | 4,354 |  |  | $ | 3,743 |  |  | $ | 4,113 |
Other restructuring costs |  | 536 |  |  | 3,003 |  |  | — |
Total restructuring costs incurred |  | $ | 4,890 |  |  | $ | 6,746 |  |  | $ | 4,113 |
A reconciliation of the Company’s liability for employee termination benefits and other restructuring costs for fiscal years 2013 through 2015 is as follows:
|  | Employee Termination Benefits |  | Other Costs |  | Total
Balance at April 1, 2012 |  | $ | 1,271 |  |  | $ | 291 |  |  | $ | 1,562 |
Fiscal Year 2013 Activity: |  |  |  |  |  |
Costs charged to expense |  | 4,113 |  |  | — |  |  | 4,113 |
Payments |  | (5,002 | ) |  | (291 | ) |  | (5,293 | )
Balance at March 31, 2013 |  | 382 |  |  | — |  |  | 382 |
Fiscal Year 2014 Activity: |  |  |  |  |  |
Costs charged to expense |  | 3,743 |  |  | 3,003 |  |  | 6,746 |
Payments |  | (2,099 | ) |  | (2,843 | ) |  | (4,942 | )
Balance at March 31, 2014 |  | 2,026 |  |  | 160 |  |  | 2,186 |
Fiscal Year 2015 Activity: |  |  |  |  |  |
Costs charged to expense |  | 4,354 |  |  | 536 |  |  | 4,890 |
Payments |  | (5,684 | ) |  | (498 | ) |  | (6,182 | )
Balance at March 31, 2015 |  | $ | 696 |  |  | $ | 198 |  |  | $ | 894 |
The majority of the restructuring liability at March 31, 2015 will be paid in the early part of fiscal year 2016. Universal continually reviews its business for opportunities to realize efficiencies, reduce costs, and realign its operations in response to business changes. The Company may incur additional restructuring costs in future periods as business changes occur and additional cost savings initiatives are implemented.

X
- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140864-122747 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_RestructuringCostsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration