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Note 16 - Plant Restructuring | 12 Months Ended
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Mar. 31, 2021
Notes to Financial Statements |
Restructuring and Related Activities Disclosure [Text Block] | 16. Plant Restructuring During 2021, the Company recorded a restructuring charge of $0.2 related to closed plants mostly for severance. During 2020, the Company recorded a restructuring charge of $7.0 million related to the closing of plants in the Midwest and Northwest of which $5.3 million was for accelerated amortization of right-of-use operating lease assets, $2.4 million was mostly related to equipment moves and $1.2 million was related to severance. The Company also recorded a credit of $1.9 million for the reduced lease liability of previously impaired leases. These charges are included under Plant Restructuring Charge in the Consolidated Statements of Net Earnings. Severance Payable and Other Costs Payable are included in Other Accrued Expenses on the Consolidated Balance Sheets. The following table summarizes the restructuring and related asset impairment charges recorded and the accruals established during 2021 and 2020 (in thousands):
|  |  |  |  |  | Other |  |  |  |  |
|  | Severance |  |  | Cost |  |  |  |  |
|  | Payable |  |  | Payable |  |  | Total |
Balance March 31, 2019 |  | $ | 225 |  |  | $ | 1 |  |  |  | 226 |
Charge to expense |  |  | 1,229 |  |  |  | 5,817 |  |  |  | 7,046 |
Cash payments/write offs |  |  | (1,252 | ) |  |  | (5,818 | ) |  |  | (7,070 | )
Balance March 31, 2020 |  |  | 202 |  |  |  | - |  |  |  | 202 |
Charge to expense |  |  | 227 |  |  |  | (45 | ) |  |  | 182 |
Cash payments/write offs |  |  | (429 | ) |  |  | 45 |  |  |  | (384 | )
Balance March 31, 2021 |  | $ | - |  |  | $ | - |  |  | $ | - |

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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