RESTRUCTURING CHARGES

6 Months Ended

Sep. 30, 2022

Restructuring and Related Activities [Abstract]

During the first quarter of fiscal year 2023, the Company restructured certain departments to better align functions resulting in the termination of eighteen employees. As a result of the workforce reduction, during the six months ended September 30, 2022, the Company recorded a restructuring charge totaling $1.8 million related to one-time employee-related termination benefits for the employees that were notified of their termination during the period. The one-time termination benefits are expected to be paid in full during the fiscal year ending March 31, 2023.

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


	Q1FY23 Plan




Balance at March 31, 2022		$	—
Restructuring charges to operations		1,771
Cash payments		(1,400)
Other adjustments		(120)
Balance at September 30, 2022		$	251