Restructuring Charges

9 Months Ended

Dec. 31, 2014

Restructuring and Related Activities [Abstract]

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 incurred cumulative charges of approximately $1.3 million, of which $0.2 million was incurred during the three months ended December 31, 2014. As of December 31, 2014, the Company completed this plan.

The related activity during the nine months ended December 31, 2014 is as follows (in thousands):



	Workforce Reduction			Operating Lease Commitments		Other			Total
Liability, March 31, 2014	$	—		$	—	$	—		$	—
Restructuring charges	1,101			126		95			1,322
Cash payments	(1,101		)	—		(1		)	(1,102		)
Non-cash items				$	20	$	(34	)	$	(14	)
Liability, December 31, 2014	$	—		$	146	$	60		$	206

- 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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