Restructuring Activities

6 Months Ended

Sep. 30, 2021

Restructuring and Related Activities [Abstract]

Restructuring Activities

Restructuring Activities

On April 30, 2020, in connection with the sale of the Agriculture and Weather Analytics business, the Board approved restructuring activities to better position the Company for increased profitability and growth, and the Company incurred total restructuring charges of approximately $1.5 million, primarily resulting from a separation for certain employees who did not transition to DTN, additional positions that were eliminated to right-size the cost structure of the Company and lease impairment related to our Grand Forks, North Dakota facility.

For the six months ended September 30, 2021 the Company did not incur any restructuring or severance costs.

The following table presents the restructuring and severance costs, for the six months ended September 30, 2020 (in thousands):

	Total
Severance and benefits	$	1,105
Lease impairment and other costs	351
Total restructuring and severance costs	$	1,456

During the six months ended September 30, 2020, approximately $0.6 million of the restructuring costs were recorded to restructuring charges in the unaudited condensed consolidated statements of operations, and approximately $0.8 million of the restructuring costs were recorded to loss from discontinued operations in the unaudited condensed consolidated statements of operations.

As of September 30, 2021, we did not accrue any amounts for severance and benefits related to the restructuring activities in accrued payroll and related expenses on the unaudited condensed consolidated balance sheet. Our restructuring activities during the three and six month periods ended September 30, 2021 were as follows (in thousands):

Balance at March 31, 2021	$	100
Cash payments	$	(79)
Balance at June 30, 2021	$	21
Adjustment to estimated expenses	$	(21)
Balance at September 30, 2021	$	—