Restructuring and Related Charges

6 Months Ended

Sep. 30, 2013

Restructuring Charges

We recognize restructuring charges when a plan that materially changes the scope of our business or the manner in which that business is conducted is adopted and communicated to the impacted parties, and the expenses have been incurred or are reasonably estimable.

Fiscal 2014 Restructuring Activity

In the first quarter of fiscal 2014, we announced restructuring actions to better align corporate functions and to reduce operating costs, following the sale of RSG. These restructuring activities are expected to be completed in fiscal 2014. We recorded $0.5 million in restructuring charges during the first half of fiscal 2014, comprised of severance and other employee related benefits. We expect to incur approximately $0.2 million in additional restructuring charges during the remainder of fiscal 2014 for severance and related employee benefits.

Fiscal 2012 Restructuring Activity

In fiscal 2012, we took steps to realign services and costs, including the relocation of our corporate services from Solon, Ohio to Alpharetta, Georgia. Since 2012, as previously disclosed, we have recorded $12.1 million in restructuring charges related to the fiscal 2012 restructuring activity. As of September 30, 2013, there was no further liability for fiscal 2012 restructuring activity.

Fiscal 2009 Restructuring Activity

During fiscal 2009, we took steps to realign our cost and management structure. Since 2009, as previously disclosed, we have incurred charges totaling approximately $19.0 million related to the fiscal 2009 restructuring activity. As of September 30, 2013, we had a remaining liability of approximately $0.1 million recorded for fiscal 2009 restructuring activity. We expect to incur minimal additional restructuring charges in fiscal 2014 for ongoing facility obligations.

Following is a reconciliation of the beginning and ending balances of the restructuring liability:



	Balance at							Balance at
	March 31,							September 30,
(In thousands)	2013		Provision		Payments			2013
Fiscal 2014 Restructuring Plan:
Severance and employment costs	$	—	$	512	$	(160	)	$	352
Fiscal 2012 Restructuring Plan:
Severance and employment costs	348		—		(348		)	—
Fiscal 2009 Restructuring Plan:
Facilities costs	236		—		(150		)	86
Total restructuring costs	$	584	$	512	$	(658	)	$	438

All of the remaining severance and employment costs and facilities costs will be paid in fiscal 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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