RESTRUCTURING CHARGES

12 Months Ended

Mar. 31, 2013

NOTE 10 – RESTRUCTURING CHARGES

During the fiscal year ended March 31, 2013, 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 related to severance costs.

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 related to severance costs.

The following table provides a summary of the activity related to these restructuring plans and the related liability included as accrued compensation on the Company’s consolidated balance sheet (in thousands):


	Employee Severance
Balance at March 31, 2011	$	0
Restructuring charges to operations		603
Cash payments		(243	)

Balance at March 31, 2012	$	360
Restructuring charges to operations		1,140
Other adjustments		(87	)
Cash payments		(503	)

Balance at March 31, 2013	$	910

The balance is expected to be paid in the first half of the Company’s fiscal year 2014.

- 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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