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Restructuring And Related Activities

9 Months Ended

Dec. 31, 2016

Restructuring And Related Activities [Abstract]

Restructuring And Related Activities Disclosure Text Block

7. Plant Restructuring The following table summarizes the restructuring charges and related asset impairment charges recorded and the accruals established:

				Long-Lived
		Severance		Asset Charges		Other Costs		Total
		(In thousands)
Balance March 31, 2016	$	-	$	4,975	$	3,897	$	8,872
First quarter charge (credit)		127		(6)		1,064		1,185
Second quarter charge (credit)		112		(286)		451		277
Third quarter charge (credit)		1,261		62		(7)		1,316
Cash payments/write offs		(1,480)		164		(3,588)		(4,904)
Balance December 31, 2016	$	20	$	4,909	$	1,817	$	6,746
Balance March 31, 2015	$	715	$	264	$	270	$	1,249
First quarter credit		(81)		-		-		(81)
Second quarter charge		15		-		-		15
Third quarter charge		104		1,706		7,814		9,624
Cash payments/write offs		(649)		-		(503)		(1,152)
Balance December 26, 2015	$	104	$	1,970	$	7,581	$	9,655

During 2016, the Company recorded a restructuring charge of $10,302,000 related to the closing of a plant in the Northwest of which $162,000 was related to severance cost, $5,065,000 was related to asset impairments (contra fixed assets), and $5,075,000 was related to other costs (mostly operating lease costs).

During the quarter ended December 31, 2016, the Company recorded an additional restructuring charge of $1,316,000 related to the previous closing of plants in the Northwest of which $1,261,000 was related to severance cost, $62,000 was related to equipment relocation costs, and a credit of $7,000 was related to other costs. During the quarter ended October 1, 2016, the Company recorded an additional restructuring charge of $277,000 related to the previous closing of a plant in the Northwest of which $112,000 was related to severance cost, $402,000 was related to equipment relocation costs, and a $237,000 credit which related to other costs, mostly a fixed assets impairment adjustment. During the quarter ended July 2, 2016, the Company recorded an additional restructuring charge of $1,185,000 related to the previous closing of a plant in the Northwest of which $127,000 was related to severance cost, $1,025,000 was related to equipment relocation costs, and $33,000 was related to other costs.

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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

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