Subsequent Events

6 Months Ended

Sep. 30, 2011

Subsequent Events [Abstract]

Subsequent Events

14. Subsequent Events

On October 13, 2011, the Company entered into an agreement to terminate the lease on its current corporate headquarters facility located in Solon, Ohio effective March 31, 2012 in consideration of a one-time termination payment of $2.0 million plus brokerage fees of approximately $0.1 million. The Company will record the termination payment and associated brokerage fees within "Restructuring charges" in its Condensed Consolidated Statements of Operations in the third quarter of fiscal 2012. Ongoing costs associated with this facility, including rent, utilities, maintenance, etc., which will be incurred through March 31, 2012, will be recorded within "Selling, general, and administrative expenses" in the Company's Condensed Consolidated Statements of Operations.

On October 31, 2011, the Company announced the departure of an executive officer. As a result of this termination, the Company will record approximately $0.5 million in severance and related benefits within "Restructuring charges" in its Condensed Consolidated Statements of Operations in the third quarter of fiscal 2012.

Subsequent to September 30, 2011 and through November 7, 2011, the Company made additional repurchases of approximately 344,000 of its common shares for an aggregate of approximately $2.9 million, representing an average purchase price of $8.34 per common share. Approximately 456,000 common shares remain authorized for repurchase under the current common share repurchase authorization, which is described in Note 7 to Condensed Consolidated Financial Statements.