Note 14 - Restructuring

9 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Restructuring and Related Activities Disclosure [Text Block]

14. Restructuring

The following table summarizes the rollforward of restructuring charges recorded and the accruals established (in thousands):

	Restructuring Payable
	Severance		Other Costs			Total
Balance March 31, 2022	$	-	$	-		$	-
First quarter charge		-		56			56
Second quarter charge		-		52			52
Third quarter charge		389		1,440			1,829
Cash payments/write offs		-		(1,548	)		(1,548	)
Balance December 31, 2022	$	389	$	-		$	389

	Severance		Other Costs			Total
Balance March 31, 2021	$	-	$	-		$	-
First quarter charge		-		66			66
Second quarter charge		-		47			47
Third quarter charge		-		(110	)		(110	)
Cash payments/write offs		-		(3	)		(3	)
Balance January 1, 2022	$	-	$	-		$	-

During the three months ended December 31, 2022, the Company ceased production of green beans at one of it’s New York facilities. As a result, the Company incurred severance costs and also a write down of production equipment that will be sold in the next twelve months.