Restructuring And Related Activities

12 Months Ended

Mar. 31, 2014

Restructuring And Related Activities [Abstract]

Restructuring And Related Activities Disclosure Text Block

15. Plant Restructuring

During 2013, the Company implemented a product rationalization program and recorded a restructuring charge of $3.5 million for related equipment costs (contra fixed assets), lease impairment costs (net of realizable value), and certain inventory costs. During 2014, the Company adjusted the costs of the product rationalization program, started in 2013, by $0.5 million, mostly related to equipment costs. These charges are included under Plant Restructuring in the Consolidated Statements of Net Earnings.

During 2012, there were no material adjustments to Plant Restructuring.

The following table summarizes the restructuring and related asset impairment charges recorded and the accruals established during 2012, 2013 and 2014:

				Long-Lived
				Asset		Other
		Severance		Charges		Costs		Total
		(In thousands)

Balance March 31, 2011	$	456	$	0	$	520	$	976
First-quarter charge to expense		54		0		0		54
Second-quarter (credit) charge to expense		(19)		0		4		(15)
Cash payments/write offs		(454)		0		(524)		(978)
Balance March 31, 2012		37		0		0		37
Third-quarter charge to expense		0		1,107		1,403		2,510
Fourth-quarter charge to expense		0		109		878		987
Cash payments/write offs		(17)		(42)		(1,974)		(2,033)
Balance March 31, 2013		20		1,174		307		1,501
First-quarter charge to expense		0		0		154		154
Second-quarter charge to expense		0		341		6		347
Cash payments/write offs		(10)		(1,515)		(467)		(1,992)
Balance March 31, 2014	$	10	$	0	$	0	$	10

- 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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