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Restructuring (Tables)
9 Months Ended
Dec. 31, 2023
Restructuring and Related Activities [Abstract]  
Summary of Restructuring Charges Recorded in Selling, General and Administrative Expenses

 

 

Three Months Ended

 

 

Nine Months Ended

 

(in thousands)

 

December 31, 2023

 

 

December 31, 2023

 

Severance for Involuntary Employee Terminations

 

$

 

 

$

380

 

Total Restructuring Expense

 

$

 

 

$

380

 

Summary of Activity and Balances of Restructuring Reserve

The following table summarizes the activity and balances of the restructuring reserve (in thousands):

 

 

 

Severance for Involuntary
Employee Terminations

 

Balance at March 31, 2023

 

$

 

Increase to reserve

 

 

380

 

Utilization of reserve:

 

 

 

Payments

 

 

(263

)

Balance at December 31, 2023

 

$

117