Subsequent Events

9 Months Ended

Dec. 31, 2017

Subsequent Events [Abstract]

Subsequent Events

14. SUBSEQUENT EVENTS

Dividends on Common Stock- During the fourth quarter of fiscal 2018, the Company declared a quarterly cash dividend of $0.07 per share of common stock. The dividend is payable on March 15, 2018 to stockholders of record at the close of business on March 1, 2018.

Restructuring Activities- In January 2018, the Company finalized and communicated its plan to close a customer service facility. As a result of the closure, the Company will incur expenses in the fourth quarter of fiscal 2018 and fiscal 2019 for employee severance and the termination of the facility lease agreement.

Related Party Transactions- In February 2018, the Company’s former CEO, purchased his officer life insurance policies for their fair value from the Company. The Company had $7.2M in recorded in Accounts Receivable for the cash surrender value as of December 31, 2017.