XML 39 R25.htm IDEA: XBRL DOCUMENT v3.25.1
Restructuring
12 Months Ended
Mar. 31, 2025
Restructuring and Related Activities [Abstract]  
Restructuring Restructuring
During the second quarter of fiscal year 2023, the Company initiated a restructuring plan to realign its business group and engineering structure with its go-to-market strategy to more effectively compete within the enterprise market and to better serve end-users. During the fourth quarter of fiscal year 2023, the Company undertook further actions to remove organization layers as well as streamline its marketing organization to increase efficiency. These actions resulted in charges related to employee severance and other termination benefits as well as contract termination and other costs. These restructuring activities were substantially completed during fiscal year 2024.
During the fourth quarter of fiscal year 2025, the Company initiated a restructuring plan to reorganize certain functions to enable increased productivity and efficiency. This plan resulted in charges related to employee severance and other termination benefits. The Company expects to substantially complete this restructuring within the next twelve months.
The following table summarizes restructuring-related activities during fiscal years 2025, 2024 and 2023 (in thousands):
 Termination
Benefits
Contract Termination and Other Total
Accrued restructuring liability at March 31, 2022 (1)
$561 $896 $1,457 
Charges, net27,631 6,942 34,573 
Cash payments(14,015)(2,481)(16,496)
Accrued restructuring liability at March 31, 2023 (1)
$14,177 $5,357 $19,534 
Charges, net6,011 (2,145)3,866 
Cash payments(18,375)(1,757)(20,132)
Accrued restructuring liability at March 31, 2024 (1)
$1,813 $1,455 $3,268 
Charges, net9,846 (231)9,615 
Cash payments(2,562)(241)(2,803)
Accrued restructuring liability at March 31, 2025 (1)
$9,097 $983 $10,080 
(1) The accrual balances are included in accrued and other current liabilities on the Company’s consolidated balance sheets.