Restructuring Charges

6 Months Ended

Sep. 30, 2014

Restructuring and Related Activities [Abstract]

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

In April 2014, the Company implemented a plan to reorganize its operations, reduce its workforce and consolidate its facilities. The Company anticipates that this plan will reduce ongoing headcount expenses by approximately $4.6 million annually and other additional operational expenses by $0.6 million annually. In connection with this plan, the Company estimated that it would incur aggregate costs of approximately $1.3 million. During the six months ended September 30, 2014, the Company incurred charges of $1.1 million and expects to incur the remaining charges of $0.2 million in the third quarter of fiscal 2015.

The related activity during the six months ended September 30, 2014 is as follows (in thousands):



	Workforce Reduction			Operating Lease Commitments		Total
Liability, March 31, 2014	$	—		$	—	$	—
Restructuring charges	1,101			—		1,101
Cash payments	(1,101		)	—		(1,101		)
Liability, September 30, 2014	$	—		$	—	$	—

- 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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