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RESTRUCTURING CHARGES

6 Months Ended

Sep. 30, 2018

Restructuring and Related Activities [Abstract]

RESTRUCTURING CHARGES

NOTE 7: RESTRUCTURING CHARGES

In the six months ended September 30, 2018, management approved two plans to eliminate 66 positions in the U.S. and internationally. The purpose of these plans was to improve operational efficiencies and align with management’s strategic vision for the Company. Severance and benefits costs of approximately $3.6 million were incurred as a result. As of September 30, 2018, the Company had four locations with a restructuring accrual.

In the six months ended September 30, 2017, management approved a plan to eliminate 39 positions in the U.S. and internationally. The purpose of this plan was to improve operational efficiencies and align with management’s strategic vision for the Company. Severance and benefits costs of approximately $1.6 million were incurred under this restructuring plan.

The following table summarizes the activity included in restructuring charges for the periods ended September 30, 2018 and 2017 (in thousands):

		Severance and benefits				Facilities				Total
Balance as of March 31, 2018		$	1,430			$	4,389			$	5,819
Restructuring costs			3,607				48				3,655
Adjustments to prior estimates			—				546				546
Cash payments			(4,592	)			(991	)			(5,583	)
Balance as of September 30, 2018		$	445			$	3,992			$	4,437
Balance as of March 31, 2017		$	130			$	6,152			$	6,282
Restructuring costs			1,597				104				1,701
Cash payments			(1,007	)			(991	)			(1,998	)
Balance as of September 30, 2017		$	720			$	5,265			$	5,985

		Severance and benefits				Facilities				Total
Estimated timing of future payments
Fiscal 2019		$	445			$	1,116			$	1,561
Fiscal 2020 to 2023			—				2,876				2,876
		$	445			$	3,992			$	4,437

Facility restructuring accruals will be paid in accordance with the respective facility lease terms and amounts above are net of estimated sublease amounts.

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- References

No definition available.

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-URI http://asc.fasb.org/topic&trid=2175745

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