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Restructuring

12 Months Ended

Mar. 31, 2019

Restructuring and Related Activities [Abstract]

Restructuring

Restructuring

During the first quarter of fiscal year 2019, the Company implemented a restructuring plan to streamline and realign the Company's overall organizational structure and reallocate resources to support long-term growth opportunities. In July 2018, the Company's Board of Directors approved additional costs under this restructuring plan, totaling pre-tax charges of approximately $10.0 million to $15.0 million, of which $11.3 million was recognized during fiscal year 2019. The total charges consisted of cash severance and other personnel costs and are presented as restructuring charges (credits), net in the Consolidated Statements of Operations. The Company expects to have substantially completed this restructuring within the next three months.

The restructuring-related activities for the years ended March 31, 2018 and 2017 include activities from the restructuring plan implemented in fiscal year 2016.

The following table summarizes restructuring-related activities during fiscal year 2019, 2018 and 2017 (in thousands):

		Restructuring - Continuing Operations
		Termination Benefits				Lease Exit Costs				Total
Accrual balance at March 31, 2016		$	5,907			$	125			$	6,032
Charges, net		23				—				23
Cash payments		(5,195		)		(125		)		(5,320		)
Accrual balance at March 31, 2017		735				—				735
Credits, net		(116		)		—				(116		)
Cash payments		(619		)		—				(619		)
Accrual balance at March 31, 2018		—				—				—
Charges, net		11,302				—				11,302
Cash payments		(6,913		)		—				(6,913		)
Accrual balance at March 31, 2019		$	4,389			$	—			$	4,389

The accrual balances are included in accrued and other current liabilities on the Company’s consolidated balance sheets.

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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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