RESTRUCTURING CHARGES

9 Months Ended

Dec. 31, 2012

NOTE 11 – RESTRUCTURING CHARGES

During the fiscal year ended March 31, 2012, the Company implemented a plan to restructure parts of its general and administrative organization to centralize operations as well as its international sales organization to better align resources with forecasted sales opportunities. As a result of the restructuring program, the Company eliminated 12 employees. The Company recorded $603 thousand of restructuring charges during the year ended March 31, 2012 related to severance costs to be paid to employees.

During the quarter ended September 30, 2012, the Company restructured part of its international sales organization related to an overlap of personnel acquired as part of the Accanto acquisition. The Company recorded $1.2 million of restructuring charges during the three months ended September 30, 2012 related to severance costs.

The restructuring liability consists of the following (in thousands):


Employee Severance:	Three Months Ended December 31, 2012			Nine Months Ended December 31, 2012
Balance at beginning of period	$	1,082		$	360
Restructuring charges (reversal) to operations		(1	)		1,140
Other adjustments					(87	)
Cash payments		(114	)		(446	)

Balance as of December 31, 2012	$	967		$	967

The accrual for employee related severance is included as accrued compensation in the Company’s consolidated balance sheet.

- 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.

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