RESTRUCTURING CHARGES

9 Months Ended

Dec. 31, 2020

Restructuring and Related Activities [Abstract]

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, one hundred fifty-five employees voluntarily terminated their employment with the Company. As a result of the related workforce reduction, during the nine months ended December 31, 2019, the Company recorded restructuring charges totaling $0.1 million related to one-time termination benefits for 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 ended March 31, 2020.

During the fiscal year ended March 31, 2020, the Company approved two restructuring plans. During the second quarter of the fiscal year ended March 31, 2020, the Company restructured certain departments to better align functions resulting in a total restructuring charge for the program of $0.5 million. 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. The one-time termination benefits were paid in full during the first quarter of the fiscal year ending March 31, 2021. During the fourth quarter of the fiscal year ended March 31, 2020, the Company restructured certain departments to better align functions. As a result of the workforce reduction, the Company recorded a restructuring charge totaling $2.1 million during the fiscal year ended March 31, 2020 and an additional $0.1 million during the nine months ended December 31, 2020. The one-time termination benefits were paid in full by the end of the second quarter of the fiscal year ending March 31, 2021.

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


	Q2FY20 Plan		Q4FY20 Plan
	Employee-Related		Employee-Related		Total
Balance at March 31, 2020	$	3	$	1,717	$	1,720
Restructuring charges to operations	—		62		62
Cash payments	(3)		(1,860)		(1,863)
Other adjustments	—		81		81
Balance at December 31, 2020	$	—	$	—	$	—