RESTRUCTURING CHARGES

9 Months Ended

Dec. 31, 2019

Restructuring and Related Activities [Abstract]

During the third quarter of the fiscal year ended March 31, 2018, the Company restructured certain departments to better align functions. As a result of the workforce reduction, during the twelve months ended March 31, 2018, the Company recorded a restructuring charge totaling $5.1 million related to one-time termination benefits for the employees that were notified during the period. During the nine months ended December 31, 2018, the Company recorded an additional charge of $1.7 million for one-time termination benefits and facilities-related costs. The one-time termination benefits were paid in full during the fiscal year ended March 31, 2019.

During the second quarter of the fiscal year ended March 31, 2019, the Company implemented a voluntary separation program (VSP) for employees who met certain age and service requirements to reduce overall headcount resulting in a total restructuring charge for the program of $17.3 million. As a result of the related workforce reduction, during the nine months ended December 31, 2019 and 2018, the Company recorded restructuring charges totaling $0.1 million and $16.1 million, respectively, related to one-time termination benefits employees who voluntarily terminated their employment with the Company during the period. The one-time termination benefits were paid in full by the end of the first quarter of the fiscal year ending March 31, 2020.

During the second quarter of the fiscal year ending March 31, 2020, the Company restructured certain departments to better align functions. As a result of the workforce reduction, during the nine months ended December 31, 2019, the Company recorded a restructuring charge totaling $0.3 million related to one-time termination benefits for the employees that were notified during the period. Additional one-time termination benefit charges of approximately $0.1 million in the aggregate are anticipated to be recorded in the next three months. The one-time termination benefits are expected to be paid in full by the first quarter of the fiscal year ending March 31, 2021.

The following table provides a summary of the activity related to the restructuring plan and the related restructuring liability (in thousands):



	Q2FY20 Plan			VSP
	Employee-Related			Employee-Related			Total
Balance at March 31, 2019	$	—		$	—		$	—
Restructuring charges to operations	329			123			452
Cash payments	(169		)	(123		)	(292		)
Other adjustments	14			—			14
Balance at December 31, 2019	$	174		$	—		$	174