RESTRUCTURING CHARGES

12 Months Ended

Mar. 31, 2022

Restructuring and Related Activities [Abstract]

During the fiscal year ended March 31, 2019, the Company implemented a voluntary separation program (VSP) for employees who met certain requirements to reduce overall headcount. As a result of the related workforce reduction, the Company recorded restructuring charges totaling $17.2 million related to one-time termination benefits for employees who voluntarily terminated their employment with the Company during fiscal year 2019. Additional one-time employee-related termination benefit charges of $0.1 million were recorded and paid in full in the fiscal year ended March 31, 2020.

During the fiscal year ended March 31, 2020, the Company approved two restructuring plans to restructure certain departments to better align functions. During the second quarter of the fiscal year ended March 31, 2020, as a result of the first workforce reduction, the Company recorded a restructuring charge totaling $0.5 million during the fiscal year ended March 31, 2020. During the fourth quarter of the fiscal year ended March 31, 2020, as a result of the second 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 fiscal year ended March 31, 2021. The one-time employee-related termination benefits for the two approved restructuring plans were paid in full during the fiscal year ended March 31, 2021.

The Company did not approve any restructuring plans during the fiscal year ended March 31, 2022.

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


	VSP		Q2 FY20 Plan		Q4 FY20 Plan		Total

Balance at March 31, 2019	$	—	$	—	$	—	$	—
Restructuring charges to operations	123		465		2,069		2,657
Cash payments	(123)		(434)		(339)		(896)
Other adjustments	—		(28)		(13)		(41)
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 March 31, 2021	$	—	$	—	$	—	$	—