Restructuring Charges

9 Months Ended

Dec. 31, 2013

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.

December 2012 Restructuring Program

In December 2012, the Company implemented a restructuring program to reorganize its operations and reduced its workforce by approximately 70 employees. The plan included eliminating job redundancies, reducing the Company's workforce and impairing the unamortized value of a software intellectual property license, which the Company does not intend to use to develop new products. As of December 31, 2013, the actual annual savings were within the range of originally expected savings of $8.0 million to $9.0 million for headcount expenses and $4.0 million to $5.0 million for other additional operational expenses. Total costs incurred and expected to be incurred as of December 31, 2013 in connection with the restructuring plan are $1.8 million.

August 2013 Restructuring Program

In August 2013, the Company implemented a restructuring program to reorganize its operations and reduced its workforce by approximately 20 employees. The plan included eliminating job redundancies, reducing the Company's workforce and impairing the unamortized value of a software intellectual property license, which the Company no longer intends to use to develop new products. The Company anticipates that the restructuring plan will reduce ongoing headcount expenses by approximately $3.0 million annually and other additional operational expenses by $0.5 million annually. Total costs incurred and expected to be incurred as of December 31, 2013 in connection with the restructuring plan are $1.0 million.

The restructuring activity during the three and nine months ended December 31, 2013 relating to the December 2012 and August 2013 restructuring programs is as follows (in thousands):



	Workforce Reduction			Asset Impairment			Total
Liability, March 31, 2013	$	548		$	—		$	548
Restructuring charges	93			—			$	93
Cash payments	(334		)	—			$	(334	)
Liability, June 30, 2013	307			—			307
Restructuring charges	727			272			999
Non-cash items	—			(272		)	(272		)
Cash payments	(847		)	—			(847		)
Liability, September 30, 2013	$	187		$	—		$	187
Restructuring charges	38			—			38
Cash payments	(225		)	—			(225		)
Liability, December 31, 2013	—			—			—

- 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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