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Note 9 - Plant Restructuring
6 Months Ended
Sep. 29, 2018
Notes to Financial Statements  
Restructuring and Related Activities Disclosure [Text Block]
9
.
Plant Restructuring
 
The following table summarizes the rollforward of continuing restructuring charges and related asset impairment charges recorded and the accruals established:
 
   
Restructuring Payable
 
   
Severance
   
Other Costs
   
Total
 
   
(In thousands)
 
                         
Balance March 31, 2018
  $
-
    $
-
    $
-
 
First quarter charge
   
110
     
-
     
110
 
Second quarter charge
   
841
     
-
     
841
 
Cash payments/write offs
   
(173
)    
-
     
(173
)
Balance September 29, 2018
  $
778
    $
-
    $
778
 
 
 
   
Severance
   
Other Costs
   
Total
 
   
(In thousands)
 
                         
Balance March 31, 2017
  $
37
    $
305
    $
342
 
First quarter charge
   
36
     
36
     
72
 
Second quarter credit
   
-
     
(33
)    
(33
)
Cash payments/write offs
   
(73
)    
(308
)    
(381
)
Balance September 30, 2017
  $
-
    $
-
    $
-
 
 
 
During the quarter ended
September 29, 2018,
the Company recorded a restructuring charge of
$845,000
related to the closing and sale of plants in the East and Northwest of which
$841,000
was related to severance cost, and
$4,000
which was related to other costs (mostly equipment moves). During the quarter ended
June 30, 2018,
the Company recorded a restructuring charge of
$38,000,
related to the closing of plants in the Northwest of which
$110,000
was related to severance cost and
$20,000
was related to other costs (mostly equipment moves), which was partially offset by an asset impairment correction of $(
92,000
).
 
During the
six
months ended
September 30, 2017,
the Company recorded a restructuring charge of
$56,000
related to the previous closing of a Northwest plant of which
$36,000
was related to severance costs..