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Restructuring Costs | 12 Months Ended
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Mar. 31, 2016
Restructuring Costs [Abstract] |
Restructuring Costs | RESTRUCTURING AND IMPAIRMENT COSTS During the three fiscal years ended March 31, 2016, Universal recorded restructuring and impairment costs related to various initiatives to adjust certain operations and reduce costs. For all three fiscal years, the restructuring and impairment 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, 2016 In fiscal year 2016, the Company recorded restructuring and impairment costs totaling $2.4 million related to a decision to significantly scale back its operations in Zambia. Those costs included statutory employee termination benefits, impairment charges related to outstanding balances on loans to farmers whose contracts were terminated as a result of the decision, and impairment charges on certain property and equipment. Fiscal Year Ended March 31, 2015 In 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. Restructuring costs were also incurred in connection with downsizing efforts at several other 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. Additional restructuring costs of approximately $2.7 million were incurred in connection with voluntary early retirement arrangements at several locations around the Company. A summary of the restructuring and impairment costs incurred during the fiscal years ended March 31, 2016, 2015, and 2014, is as follows:
|  | Fiscal Years Ended March 31,
|  | 2016 |  | 2015 |  | 2014
Restructuring Costs: |  |  |  |  |  |
Employee termination benefits |  | $ | 1,629 |  |  | $ | 4,354 |  |  | $ | 3,743 |
Other restructuring costs |  | 96 |  |  | 536 |  |  | 3,003 |
|  | 1,725 |  |  | 4,890 |  |  | 6,746 |
Impairment Costs: |  |  |  |  |  |
Farmer loans and property and equipment |  | 664 |  |  | — |  |  | — |
Total restructuring and impairment costs |  | $ | 2,389 |  |  | $ | 4,890 |  |  | $ | 6,746 |
A reconciliation of the Company’s liability for employee termination benefits and other restructuring costs for fiscal years 2014 through 2016 is as follows:
|  | Employee Termination Benefits |  | Other Costs |  | Total
Balance at April 1, 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 |
Fiscal Year 2016 Activity: |  |  |  |  |  |
Costs charged to expense |  | 1,629 |  |  | 96 |  |  | 1,725 |
Payments |  | (2,246 | ) |  | (92 | ) |  | (2,338 | )
Balance at March 31, 2016 |  | $ | 79 |  |  | $ | 202 |  |  | $ | 281 |
The majority of the restructuring liability at March 31, 2016 will be paid in the early part of fiscal year 2017. 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.

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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://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 Reference 2: 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 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 SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 + Details
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- References No definition available. + Details
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