XML 36 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
Business Restructuring
12 Months Ended
Mar. 31, 2012
Business Restructuring [Abstract]  
BUSINESS RESTRUCTURING

(3)    BUSINESS RESTRUCTURING

On March 27, 2012, the Company combined the operations of its Berwick Offray and Paper Magic subsidiaries in order to drive sales growth by providing stronger management oversight and by reallocating sales and marketing resources in a more strategic manner. Involuntary termination benefits offered to terminated employees were under the Company’s pre-existing severance program. The Company recorded approximately $706,000 in employee severance charges during fiscal 2012 and made payments of $117,000 as of March 31, 2012. The remaining liability of $590,000 is classified in accrued other expenses in the accompanying consolidated balance sheet as of March 31, 2012 and will be paid in fiscal 2013. During fiscal 2011 and 2010, the Company recorded $164,000 and $251,000, respectively, related to the closure of a manufacturing facility.