Note 9 - Plant Restructuring

9 Months Ended

Dec. 29, 2018

Notes to Financial Statements

Restructuring and Related Activities Disclosure [Text Block]

9 . Plant Restructuring

The following table summarizes the rollforward of continuing restructuring charges and the accruals established:

	Restructuring Payable
	Severance			Other Costs		Total
	(In thousands)
Balance March 31, 2018	$	-		$	-	$	-
First quarter charge		110			-		110
Second quarter charge		841			-		841
Third quarter charge		378			-		378
Cash payments/write offs		(976	)		-		(976	)
Balance December 29, 2018	$	353		$	-	$	353

	Severance			Other Costs			Total
	(In thousands)
Balance March 31, 2017	$	37		$	305		$	342
First quarter charge		36			36			72
Second quarter credit		-			(33	)		(33	)
Third quarter charge		98			3			101
Cash payments/write offs		(73	)		(311	)		(384	)
Balance December 30, 2017	$	98		$	-		$	98

During the

nine

months ended

December 29, 2018,

the Company recorded a restructuring charge of

$2,279,000

related to the closing and sale of plants in the East and Northwest of which

$1,329,000

was related to severance cost, and

$950,000

which was related to other costs (mostly equipment moves).

During the

nine

months ended

December 30, 2017,

the Company recorded a restructuring charge of

$140,000

related to the previous closing of a Northwest plant and the Company also incurred a long-lived asset impairment charge of

$17,000.