Restructuring Charges

9 Months Ended

Dec. 31, 2012

Restructuring and Related Activities [Abstract]

The Company recognizes restructuring costs related to asset impairment and exit or disposal activities. Cost relating to facilities closure, or lease commitments are recognized when the facility has been exited. Termination costs are recognized when the cost are deemed both probable and estimable.

December 2012 Restructuring Program

The Company implemented a restructuring program during the three months ended December 31, 2012 to reorganize its' operations and reduce its workforce and related operating expenses. The plan includes eliminating job redundancies and reducing the Company's current workforce by approximately 70 employees. As a result, the Company recorded a charge of $1.5 million for employee severances and $4.7 million for an asset impairment. The asset impairment related to the impairment of the unamortized value of a software intellectual property license, which the Company no longer intends to use to develop new products. The Company expects the restructuring program to be completed by the end of its current fiscal year ended March 31, 2013.

The restructuring activity for the three months ended December 31, 2012 is described below.



	Workforce Reduction			Asset Impairment		Total
Restructuring charges	$	1,529		$	4,689	$	6,218
Cash payments	(97		)	—		(97		)
Liability	$	1,432		$	4,689	$	6,121

April 2011 Restructuring Program

The April 2011 restructuring program was implemented as part of the Company’s ongoing cost reduction efforts and to better align its global operations to achieve greater efficiencies. The Company moved more of its functions offshore, which would allow it to be closer and more connected to its customer’s third party subcontract manufacturers. The April 2011 restructuring plan included eliminating or relocating 25 positions. As a result of the April 2011 restructuring program, the Company recorded a charge of $0.9 million for employee severances for the three and nine months ended December 31, 2011.

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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