XML 37 R24.htm IDEA: XBRL DOCUMENT v3.8.0.1
Restructuring
12 Months Ended
Mar. 31, 2018
Restructuring and Related Activities [Abstract]  
Restructuring
Restructuring
During the first quarter of fiscal year 2016, the Company implemented a restructuring plan to exit the OEM business, reorganize Lifesize to sharpen its focus on its cloud-based offering, and streamline the Company's overall cost structure through overhead and infrastructure cost reductions with a targeted resource realignment. Restructuring charges incurred under this plan primarily consisted of severance and other ongoing and one-time termination benefits. Charges and other costs related to the workforce reduction and structure realignment are presented as restructuring charges in the Consolidated Statements of Operations. On a total company basis, including the Lifesize video conferencing business as reported in discontinued operations, the Company has incurred $25.4 million under this restructuring plan, including $24.3 million for cash severance and other personnel costs. The Company substantially completed this restructuring plan by the fourth quarter of fiscal year 2016.
The following table summarizes restructuring-related activities during fiscal year 2018, 2017 and 2016 from continuing operations (in thousands):
 
 
Restructuring - Continuing Operations
 
 
Termination
Benefits
 
Lease Exit
Costs
 
Other
 
Total
Accrual balance at March 31, 2015
 
$


$
954

 
$

 
$
954

Charges, net
 
17,280

 
337

 
185

 
17,802

Cash payments
 
(11,373
)
 
(1,166
)
 
(185
)
 
(12,724
)
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
 
$

 
$

 
$

 
$


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